Asian LNG Prices ($/mn btu): Spot Prices Soar To Over $30/mn btu, Average Chinese Price Highest Since 2014

China LNG Imports Soar, Prices At 7-Year High

...s well above Korea’s $11.36/mn BTU and China’s highest monthly price since 2014....

China Crude Imports: Mideast Volumes Hit Record Highs

...r full data).   CHINA CRUDE IMPORTS ('000 B/D): MIDEAST VOLUMES AT RECORD HIGH FOR 9M21 SOURCE: CHINA CUSTOMS, MEES CALCULATIONS.   The Middle East’s share of the China market peaked at 52% in 2014 but slid in the following years amid record volumes from the likes of Br...

Russia’s Tatneft Returns To Libya

...’, as well as three onshore blocks in the Ghadames Basin known as ‘Area 64’.   Another potential returnee is Polish state oil firm PGNiG which was forced to cut short an exploration program on its Area 113 concession in 2014 and had appeared to be on the cusp of exiting the country co...

Egypt Gas Market Tightens As Fuel Oil Burn Returns

...oothly since an extended 2019 shutdown for repairs, and before that chronic 2014-16 gas shortages (MEES, 17 May 2019), it is worth noting that Q2’s 268,000 tons of methanol output was well down on the average of around 300,000 tons for the preceding three quarters. Whilst the firm’s most recent results in...

Kuwait Oil Company Capacity Slumps To 12-Year Low

...pacity dropped to 1.391mn b/d, down by 97,000 b/d from 2019-20’s 1.488mn b/d for a cumulative loss of 320,000 b/d over the past five years (see chart 3). BP was brought in during 2014 (MEES, 14 November 2014) under a technical service agreement – later upgraded to an enhanced technical service agreement (ET...