China's investment in offshore oil and gas exploration is expected to continue rising, with more than half of this year's domestic oil increment likely to have come from offshore, according to a recent report released by China National Offshore Oil Corp.
After this winter, the region will have to refill gas reserves with little to no deliveries from Russia, intensifying competition for tankers of the fuel. Even with more facilities to import liquefied natural gas coming online, the market is expected to remain tight until 2026.
Nord Stream 1 and 2 suffered fuel leaks after experiencing rapid pressure drops last Monday, with Moscow deeming the incidents acts of sabotage and. 03.10.2022, Sputnik International