Rigzone

JUNE 20, 2025

Only Hungary and Slovakia were the remaining EU members still buying oil from Russia according to the Commission. The EU imported a total of 70 Bcm in the October-December 2024 period. This will increase the total LNG capacity by about 200 bcm by 2028, five times more than the EU imports of Russian gas.

Gas

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. The USA is the world’s largest oil producer, accounting for 20% of global production in 2024. Global natural gas demand rose by 2.5%

BCM

OilPrice

APRIL 14, 2025

Russia sees its pipeline and LNG overseas deliveries surge from 146 billion cubic meters (bcm) in 2023 to 293 bcm in 2030, and further up to 438 bcm by 2050. Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million bpd, by 2050.

Natural Gas

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

Pipeline

Valor

MAY 19, 2025

bcm, crude oil increased 1.5% Crude oil processing fell 1.4% Read more Chinas fossil fuels production retreats from record levels Summary : Chinas fossil fuel output declined in April from March’s record levels, though year-on-year production remained up: natural gas rose 8.1% to 389 million tons.

Energy

Valor

APRIL 14, 2025

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. Crude oil production is projected to rise slightly, from 531 million metric tons in 2023 to 540 million by 2050, with oil exports remaining steady at around 235 million tons per year.

BCM