oilandgasadvancement.com   Monthly E-newsletter - October 2022
 
 
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Industry Insights
Supply Crisis To Keep Global Gas Markets Tight In 2023 – IEA
IEA predicts tight gas markets in 2023 as Russian pipeline gas supplies diminish and European gas demand falls due to energy-saving measures and high pricing.

Germany Braces For Gas Supply Woes, Plans €93bn Price Relief

The United States May Sell Oil From Its Emergency Stockpile

Russian Oil Exports To China Rose 22%, Second Only To Saudi
Supplies from Russia totalled 7.46 million tonnes, equivalent to 1.82 million barrels per day, as per data from the Chinese General Administration of Customs.
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Infrastructure Updates
Mexico To Build $5bn LNG Plant To Ease Europe Energy Crisis
Mexico has announced plans that it will invest up to US$5bn in an LNG hub on its Caribbean coast to take advantage of growing demand for energy across Europe
Portugal, Spain, France Team On Barcelona-Marseille Gas Line
A sea-based pipeline for the transportation of gas and hydrogen between Barcelona and Marseille has been officially announced by Spain, Portugal, and France.

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