Offline U.S. Oil Production, EU's Russian Gas Ban, Russian LNG Delivery: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
Winter Storm Fern Knocks Out 2 Million BBL/d of U.S. Oil Production - U.S. oil producers lost up to 2 million barrels per day (BBL/d), or up to 15%, of the country's production over the weekend, analysts and traders estimated, as a winter storm swept across the country, straining energy infrastructure and power grids. Oil production outages peaked on Saturday at 2 million BBL/d, consultancy Energy Aspects estimated, with the Permian Basin likely to have experienced the largest share of that decline at around 1.5 million BBL/d. Production losses eased on Monday, with Permian shut-ins estimated at about 700,000 BBL/d and production set to be fully restored by January 30. (Reuters)

EUROPE
EU Countries Give Final Approval to Russian Gas Ban - European Union (EU) countries on Monday gave their final approval to ban Russian natural gas imports by late 2027, making their vow to cut ties with their former top supplier legally binding, nearly four years after Moscow's full-scale invasion of Ukraine. Ministers from EU countries approved the law at a meeting in Brussels on Monday, although Slovakia and Hungary voted against the measure and Bulgaria abstained. Under the agreement, the EU will halt Russian liquefied natural gas imports by end-2026 and pipeline gas by September 30, 2027. The law allows that deadline to shift to November 1, 2027, at the latest, if a country is struggling to fill its storage caverns with non-Russian gas ahead of winter. (Reuters)

LNG
Russia Delivers First Arctic LNG 2 Cargo This Year to China - The first liquefied natural gas (LNG) cargo from Russia's sanctioned Arctic LNG 2 plant this year was discharged at China's Beihai LNG terminal, LSEG data showed on Monday. The Buran gas carrier was loaded with LNG on December 25 at a Saam floating storage unit near the Russian port of Murmansk that is used by the project, according to the data. The vessel delivered the cargo to China's southwestern Guangxi region via the Suez Canal, a route Arctic LNG 2 ships began using after winter restrictions limited access to the Northern Sea Route along Russia's Arctic coast. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the plant profile of Arctic LNG 2, while Terminals Database subscribers can access information on China's Beihai LNG regasification terminal. (Reuters)

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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 Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).