BCM Crude Oil Energy 
Rigzone
JUNE 20, 2025
Image by Cylonphoto via iStock The European Commission has proposed legislation to stop the importation of natural gas, oil and oil products from Russia into the European Union by 2027, betting on global liquefied natural gas (LNG) and increased regional infrastructure interconnectivity. billion cubic meters (473.22
Oil Review Middle East
JUNE 30, 2025
But global energy demand is rising even faster, with total fossil fuel use growing by just over 1% and oil remaining the largest source of energy, accounting for 34% of total global demand. Total energy supply rose by 2% to reach a new high of 592 EJ, with records reached across all forms of energy.
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OilPrice
APRIL 14, 2025
Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million bpd, by 2050.
The Energy Law
SEPTEMBER 6, 2007
Crude oil was up over $2 per barrel. One report is that if the 22 LNG terminals that have been approved for construction are built, their combined regasification capacity could reach 349 Bcm/y. (If If US LNG consumption grows 6% annually, consumption will total 46 Bcm/y by 2020.) MMBtu UP $0.17
Valor
MAY 19, 2025
bcm, crude oil increased 1.5% Crude oil processing fell 1.4% million cubic metres as Turkey aims to reduce its over 90% energy import reliance and enhance supply security. rig count is down 28 from 604, including 24 fewer oil rigs and 3 fewer gas rigs. million tons, and coal climbed 3.8%
Valor
APRIL 14, 2025
Read more Russia targets major surge in natural gas exports by 2050 Summary : Russia aims to double its natural gas exports by 2030 and triple them by 2050 under its new energy strategy. The country’s gas exports are expected to increase from 146 bcm in 2023 to 293 bcm by 2030, and up to 438 bcm by 2050.
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