Supermajor Total has signed a pioneering agreement to charter its first two LNG powered very large crude carriers (VLCCs)
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The world’s demand for natural gas is being impacted by the COVID-19 pandemic, and although it will not be curtailed to the same extent as oil, Rystad Energy estimates international gas prices will reach lower averages than previously expected in 2020
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Coronavirus, sustained low oil prices, and LNG oversupply weigh on the gas sector this year, Wood Mackenzie said in its latest short-term gas and LNG outlook report
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Ten countries produced 80 per cent of all flared gas, and their forgone revenue from failing to monetise the gas constituted over US$19bn in 2019, according to data and analytics company GlobalData
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GlobalData has stated that more than 4.6 tcf of natural gas were flared globally in 2019
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