Remove Algeria Remove Gas Remove Market
article thumbnail

EIA: Global trade in liquefied natural gas grew by 4.5% in 2021

Green Car Congress

billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) was traded globally during 2021, an increase of 2.2 Bcf/d (4.5%) from 2020, according to The LNG Industry GIIGNL Annual Report 2022 by the International Group of Liquefied Natural Gas Importers ( GIIGNL ). Bcf/d and from Algeria by 0.2 An average of 49.0

Gas 259
article thumbnail

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Low-carbon gas.

Gas 243
article thumbnail

EIA: US LNG exports grew to record highs in the first half of 2021

Green Car Congress

US exports of liquefied natural gas (LNG) continued to grow in the first six months of 2021, averaging 9.6 US LNG exports increased in the first half of this year as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather. billion cubic feet per day (Bcf/d).

Trinidad 418
article thumbnail

GECF: more than a quarter of 2050 natural gas supply untapped

Green Car Congress

Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. —Secretary General Sentyurin.

article thumbnail

GE, Rosneft to pursue opportunities in Russia’s oil and gas industry, including Arctic offshore

Green Car Congress

GE and OJSC Rosneft signed a memorandum of understanding (MOU) that lays the foundation for the two companies jointly to evaluate and develop commercial opportunities in oil and gas exploration and production in the Russian Federation. In addition, the Company participates in several exploration projects in Kazakhstan and Algeria.

Oil 231
article thumbnail

Total to acquire Engie’s upstream LNG business, becoming 2nd largest global LNG player

Green Car Congress

Total signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.49 Additional payments of up to $550 million could be payable by Total in case of an improvement in the oil markets in the coming years. —Patrick Pouyanné, Chairman & CEO of Total.

Global 150
article thumbnail

SEAT to introduce 500 km MEB-based EV, Leon PHEV in 2020

Green Car Congress

In addition, the brand will remain committed to vehicles powered with compressed natural gas (CNG) as well as internal combustion engines. With the Arona TGI we are launching this year we will have the only SUV in the world powered with natural gas. —Luca de Meo.

2020 239