Released June 07, 2021 | SUGAR LAND
en
Energy Market highlights gathered by Industrial Info and IIR Energy
LNG
LNG Trade Rises to Record in 2020, but Growth Slowed by COVID-19 - Global liquefied natural gas (LNG) trade volumes rose to a record last year, led by Asia, though growth was marginal as demand was slammed by coronavirus-induced restrictions, according to a report by the International Gas Union (IGU). Overall LNG trade increased to 356.1 million metric tons last year, up by 1.4 million metric tons, or about 0.4%, from 2019, mostly driven by increased exports from the U.S. and Australia, the group said in its annual report released on Thursday. This was smaller than the growth of 40.9 million metric tons, or 11.5%, in 2019, the IGU said. (Reuters)
PRODUCTION
U.S. Oil & Gas Rig Count Falls - U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in six weeks in the week ending June 4. The U.S. oil and gas rig count fell by one to 456 in the week, according to data on Friday from energy services firm Baker Hughes Company. U.S. oil rigs were steady at 359. Gas rigs fell one to 97, dropping for a fourth straight week in the longest losing streak since May 2020. (Reuters)
Erdogan Says Turkey Discovered 135 Bcm Additional Natural Gas - Turkey has discovered 135 billion cubic meters (Bcm) of additional natural gas in the southern Black Sea, President Tayyip Erdogan said on Friday, raising the total discovery in the region to 540 billion cubic meters. (Reuters)
.....
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
LNG
LNG Trade Rises to Record in 2020, but Growth Slowed by COVID-19 - Global liquefied natural gas (LNG) trade volumes rose to a record last year, led by Asia, though growth was marginal as demand was slammed by coronavirus-induced restrictions, according to a report by the International Gas Union (IGU). Overall LNG trade increased to 356.1 million metric tons last year, up by 1.4 million metric tons, or about 0.4%, from 2019, mostly driven by increased exports from the U.S. and Australia, the group said in its annual report released on Thursday. This was smaller than the growth of 40.9 million metric tons, or 11.5%, in 2019, the IGU said. (Reuters)
PRODUCTION
U.S. Oil & Gas Rig Count Falls - U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in six weeks in the week ending June 4. The U.S. oil and gas rig count fell by one to 456 in the week, according to data on Friday from energy services firm Baker Hughes Company. U.S. oil rigs were steady at 359. Gas rigs fell one to 97, dropping for a fourth straight week in the longest losing streak since May 2020. (Reuters)
Erdogan Says Turkey Discovered 135 Bcm Additional Natural Gas - Turkey has discovered 135 billion cubic meters (Bcm) of additional natural gas in the southern Black Sea, President Tayyip Erdogan said on Friday, raising the total discovery in the region to 540 billion cubic meters. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
