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China Launches Phase 2 Deep-Sea Gas Field Adding 4.5BCM To Supply

OilPrice

billion cubic meters (bcm) per year. With total geological reserves exceeding 150 bcm, Deep-Sea No. China National Offshore Oil Corporation (CNOOC) has fully launched the second phase of its Deep-Sea No. 1 natural gas project in the South China Sea, boosting domestic output by 4.5

BCM 240
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Russia's Gas Production Drops Despite Surge to China and Domestic Uptake

OilPrice

billion cubic meters (bcm), as higher exports to China and increased domestic demand failed to offset the collapse of pipeline flows to Europe, Bloomberg reported on Wednesday. bcm in 2024, making it the last significant corridor to the EU following… Russia’s natural gas production fell 3.2% in the first half of 2025, reaching 334.8?billion

BCM 246
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Global Natural Gas Production Dropped in May

OilPrice

billion cubic meters (bcm) in May compared to April. The Monthly Oil & Gas Data Review of the latest JODI oil and gas databases updates showed on Monday that natural gas production in the 58 countries that have updated their most recent self-reported figures for May declined by 4.8 The monthly drop was driven…

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US Overtakes Russia as EU No2 Gas Source

Rigzone

Pipeline gas accounted for 55 percent or 38 Bcm while liquefied natural gas (LNG) contributed 45 percent or 31 Bcm, according to the Commission’s latest quarterly gas market report. Bcm, followed by Russia at 14 percent or 9.7 Bcm, followed by Qatar at five percent or 3.2 Bcm and Azerbaijan at four percent or 2.6

BCM 108
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Oil Review Middle East - Untitled Article

Oil Review Middle East

Global gas flaring at upstream oil and gas facilities has risen for a second year in a row, according to the World Bank’s annual Global Gas Flaring Tracker Flaring rose by 2% to 151 billion cubic meters (bcm) in 2024, the highest level in almost two decades. bcm of the additional gas flaring.

BCM 102
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European Commission Proposes Law Ending Russian Gas, Oil Imports by 2027

Rigzone

The EU imported a total of 70 Bcm in the October-December 2024 period. “As of 2025, the LNG global supply is set to grow significantly - and at increasingly fast pace - with 33 bcm of additional capacity in 2025, more than 50 bcm in 2026, nearly 70 bcm in 2027, and 50 bcm in 2028. billion cubic meters (473.22

Gas 75
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EU Commission Launches Matchmaking Platform for Energy, Materials Sourcing

Rigzone

A total of seven rounds have been conducted under AggregateEU, pooling over 119 Bcm of demand and attracting 191 Bcm of offers. Nearly 100 Bcm have been matched, according to the latest results announcement March 26, 2025.