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Daily (21.10.2019): NBP spot jumped by 5.8% on Friday, due to unscheduled outages at the Forties oil and gas pipeline

Oil prices edged lower on Friday following data indicating that the Chinese economy registered the slowest growth in nearly three decades. Ongoing trade negotiations between China and U.S. and the rising amount in crude stockpiles also put pressure on prices. Hence, Brent crude dropped by 0.8% to end at $59.42 a barrel, while WTI futures lost 0.3% to settle at $53.78 a barrel.

read more... 21/10/2019

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Saudis to invest $3B in Bangladesh gas-to-power project

Saudi utility company ACWA Power and Saudi Aramco are set to invest $3 billion in a gas-to-power project in Bangladesh, the local government said in a Memorandum of Understanding ceremony last week.

read more... 21/10/2019

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Russian gas pipe to China being filled up with gas as scheduled

Russian gas monopoly Gazprom said the company is making preparations for the first pipeline supplies of Russian gas to China via the Power of Siberia gas pipeline.

read more... 21/10/2019

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Natural gas inventories surpass five-year average for the first time in two years

Working natural gas inventories in the Lower 48 states totaled 3,519 billion cubic feet (Bcf) for the week ending October 11, 2019, according to the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report (WNGSR). This is the first week that Lower 48 states’ working gas inventories have exceeded the previous five-year average since September 22, 2017. Weekly injections in three of the past four weeks each surpassed 100 Bcf, or about 27% more than typical injections for that time of year.

read more... 18/10/2019

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Turkey second-largest LNG market in Europe

The development of liquefied natural gas (LNG) infrastructure has made Turkey the second-largest market in Europe and seventh-largest in the world. The country imported approximately 7.7 billion cubic meters of LNG in the first seven months of the year.

read more... 18/10/2019

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