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The European Commission has secured a mandate to renegotiate the Energy Charter Treaty in what appears to be an attempt to press through changes ahead of a looming Nord Stream 2 lawsuit.
PetroChina has ramped down its Central Asian piped imports in recent months amid a prolonged slump in Asian spot LNG prices that has made the fuel more attractive.
The sanctions imposed on Monday do not seem likely to stop Ankara’s aspirations to continue drilling for hydrocarbons in the disputed waters offshore Cyprus.
Oil Search has confirmed that FEED work on the expansion of Papua New Guinea's LNG plant will not start until the end of the year.
Gas demand and imports saw relatively weak growth in China in June, but city-gas demand continued to perform strongly.
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