The Minister of Petroleum and Mineral Resources, Tarek El Molla, affirmed that Egypt conducted international and regional partnerships, during the last few years, to trade and distribute petroleum products and natural gas with countries in the East Mediterranean, United States and European Union (UN) in light of its target to be converted into regional energy hub.

Qatar Petroleum Company has signed a new long-term Sale and Purchase Agreement (SPA) with Pakistan State Oil Company (PSO) to supply up to 3 million tons (mmt) of LNG to Pakistan.

Gazprom Neft has doubled marine bunker fuel sales according to the International Convention for the Prevention of Pollution from Ships (MARPOL) by 3.5 times to reach 1.1 million tons (mmt) in 2020 and providing 20% of market share in low-sulphur, and ultra-low-sulphur bunkering fuel in Russia.

Qatar Petroleum held a long term sale and purchase agreement (SPA) with Vitol to supply its final customer in Bangladesh with 1.25 million tons per year (mmt/y) of liquefied natural gas (LNG).

The Egyptian cabinet announced that the Damietta liquefied natural gas (LNG) plant has resumed its operation after its eight-year hiatus, by receiving the LNG carrier Golar Glacier coming from Singapore to load and transport 60,000 tons of LNG from Egypt to Bangladesh.

The Prime Minister of Papua New Guinea (PNG), James Marape, announced that the government signed a fiscal agreement with Total company, to develop a liquefied natural gas (LNG) project at a cost of $13 million.

Qatar Petroleum (QP) company announced that its has signed an agreement for developing the North Field East (NFE) project, which is the world’s largest liquefied natural gas (LNG).

The Panama Canal announced that it has recorded transit of 58 vessels of liquified natural gas (LNG) representing a total of 6.74 million Panama Canal tons (PC/UMS) in January after the recent surge of the energy market demand.

Russian Novatek company announced that its joint venture with Gazprombank, Cryogas-Vysotsk has produced the first one million tons of liquified natural gas (LNG) since the launch of the project in 2019.

The Russian Novatek’s hydrocarbon production has increased by 3.1% to 608.2 million barrels of oil equivalent during 2020, compared to 589.9 million barrels of oil equivalent.