Global oil markets likely to face large supply deficits soon, says report
The research indicates that markets will easily be able to absorb any increase coming from OPEC+ members.
13 June 2024
13 June 2024
The research indicates that markets will easily be able to absorb any increase coming from OPEC+ members.
The assets being sold will not include Gas Supply, which holds a natural gas import licence.
The proposed $4bn floating liquefied natural gas (FLNG) facility is expected to produce three million tonnes per annum (mtpa) of LNG.
The contract has been granted to a consortium led by Technip Energies, with partners JGC Corporation and NMDC Energy.
The company will also acquire around a 19% stake in Piñon Midstream, which owns midstream assets in New Mexico.
An arbitration tribunal granted Uniper the right to end the contracts and awarded the company more than €13bn in damages.
Within Asia, the majority of butadiene additions are forecast to come from upcoming projects in China and India.
Within the FSU, the majority of urea capacity additions stem from upcoming projects in Russia.
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