Egypt’s Damietta liquefied natural gas (LNG) plant delivered first cargo to Belgium import terminal at Zeebrugge on March 21, 2021. It is the first cargo to be sent to Europe from Damietta since it resumed operations in late February, according to S&P Global Platt.
The Asian gas oil demand is expected to grow in 2021 driven from expectations of increase in the consumption especially during the second half of the year.
Brazil has increased crude exports to Asia in the first half of the year as many oil-producing nations cut production to match record low demand.
Saudi Aramco announced that the price of the Arab Light crude to Asian customers has been decreased by $0.75 per barrel for September delivery.
Iran plans to sell discounted oil to the Asian market as a way to mitigate losses caused by US sanctions on the country.
Saudi Aramco has increased the price of crude exports to Asian buyers to their highest levels since 2014 amid rising demand for Saudi oil.
Iranian crude exports to Asia rose in August for the second month in a row but remained well below export levels for August 2016.
