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Russia Targets Major Surge in Natural Gas Exports by 2050

OilPrice

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.

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

Rigzone

No Member State will be left without energy as a result of this proposal” The proposal bans the import of gas in gaseous (via pipeline) and liquefied state that “originates in or is exported directly or indirectly from the Russian Federation” from January 2026, the official text stated. Azerbaijan contributed seven percent.

Gas 76
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EIA Lastest News – Product Prices & Pipeline News

The Energy Law

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