China – for the first time – is world’s biggest LNG importer

On the basis of final 2021 figures, China has taken over from Japan as the world’s biggest importer of liquefied natural gas (LNG). Japan increased LNG imports last year by 2 % (to 104.3 billion cu.m in regasified form), while China boosted imports by 16 % (to 106.3 billion cu.m.), according to Refinitiv data. And thus, China moved into first place world wide.

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OPEC+ sticks to its plan to boost oil production by 400,000 bpd

Ministers of OPEC+ countries, attending their first session of 2022, decided not to stray from their plan for a smooth increase in oil production despite the Omicron variant of the Coronavirus and forecasts of a surplus on oil markets, the group said. Under the plan, participants in the deal will increase their oil production in February by 400,000 bpd to 40.89 million bpd.

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Bosnia and Herzegovina to build three small hydro stations

Republika Srpska, a region within Bosnia and Herzegovina, has launched construction of three small hydropower stations on the Bistrica River with a combined capacity of 39 MW. Construction is expected to take no more than four years, according to a statement from Elektroprivreda Republika Srpska (ERS), the regional grid operator.

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