China Signs Another Deal to Buy US LNG

US-based Next Decade will supply Chinas ENN with 1.5 million tonnes per year (mtpy) of liquefied natural gas (LNG) for 20 years starting as early as 2026 from the proposed Rio Grande export project in Texas. Significantly, this is the fourt...

EU Strikes Gas Deal with the U.S.

The U.S. said Friday it will work with international partners to provide at least 15 billion cubic meters more of liquified natural gas to Europe this year, seeking to end the blocs dependence on Russian energy exports following the Kremlin...

Russia Seeks Rubles for Its Gas

Benchmark gas futures jumped more than 30%, followed by power and coal prices. Putin ordered the central bank to develop a mechanism to make ruble payments for gas within a week at a meeting with his government. While Russia named the US, t...

Saudi Considering China’s Yuan for Oil Purchases

Saudi Arabia and China have been growing closer for years, and the news comes at a time of frustration among Gulf states with the US. Saudi Arabia is reportedly considering accepting Chinas currency for some oil purchases. The Wall Street J...

Saudi Aramco Signs Agreement with for China’s Sinopec

Saudi Aramco, the worlds largest oil-exporting company, signed a preliminary agreement with China Petroleum and Chemical Corporation (Sinopec) for a potential downstream (refining and petrochemicals) collaboration to boost its presence in t...

Saudi Arabia Announces Discovery of Five Natural Gas Fields

Saudi Arabias state oil company discovered five new natural gas fields across the kingdom that can produce over 100 million cubic feet per day in total, as the oil-rich kingdom looks to boost production of the fuel. The fields, discovered b...