Qatar Retains Global LNG Dominance
New data from BP have provided a summary of the state of the global liquefied natural gas (LNG) market in 2016. The market remained oversupplied, but the extent of oversupply increased, QNB said in its latest report.
IEA Raises Forecast for Global Oil Demand This Year
Global demand for oil will be slightly higher than expected this year, driven by increased consumption in India, the US and Germany, the International Energy Agency (IEA) predicted recently.
Petronas Delivers First LNG Cargo to Thailand
Petronas has delivered its first LNG cargo to Thailand under a long-term agreement signed between its subsidiary Petronas LNG Ltd. (PLL) and PTT PCL.
Gazprom Signs Supplementary Agreement with CNPC
Gazprom has signed a supplementary agreement with China National Petroleum Corporation (CNPC) stating that its Power of Siberia pipeline will be supplying gas to China by December 2019.