Tradeable offset credits aim to balance the planet-warming effects of emissions by supporting projects such as forestation and renewable energy generation sites elsewhere in the world.
Repsol said it had supplied 430 cubic metres of LNG to a 150-metre long chemical tanker owned by Swedish firm Furetank Rederi at a terminal owned by system operator Enagas in southeastern Spain.
A cold snap in Europe and Asia in January and in North America last month increased heating demand, prompting prices to jump in several markets, while inventories fell.
You need to replenish stocks because of the cold northern hemisphere winter in both Asia and in Europe. So, we think this is going to add to tonne miles.
Demand was 360 million tonnes last year, up slightly from 2019's 358 million tonnes, despite volatility caused by lockdowns during the coronavirus pandemic.
While COVID-19 derailed expected forecasts...the industry reacted swiftly to changing market conditions, diverting cargoes to shifting demand centres and through adjusting supply.
Prices were also supported as US pipeline gas exports to Mexico rose to 5.1 bcf on Friday after dropping to a 13-month low of 3.8 bcf per day on Tuesday, Refinitiv Eikon data showed.
Even though we will see some warmer temperatures... there's still expectations that the loss in production is going to haunt us as we get into summer.
The Marshall Island tanker Flex Courageous carrying US LNG docked on Friday at the Manzanillo terminal on the Pacific Coast, Refinitiv Eikon data showed.
A second cargo also from the United States on the tanker Seri Balhaf is waiting to discharge about 151,300 cubic meters of LNG at Mexico's Altamira terminal on the Gulf Coast.
"We cannot reply on one single fuel for power generation," Mexican President Andres Manuel Lopez Obrador said in a news conference.
It was not immediately clear if the gap between alternative supply and demand would be covered by gas imports from the United States and other sources, or would lead to shortages.
Data provider Refinitiv estimated 425 heating degree days (HDDs) over the next two weeks in the Lower 48 US states, slightly down from Monday's forecast of 449 HDDs.
Data provider Refinitiv projected output in the Lower 48 to average 82.5 billion cubic feet per day (bcfd) this week and increase to 84.2 bcfd next week.
Indian companies are investing billions of dollars to build infrastructure, including pipelines and a new LNG import terminal.
The International Energy Agency in its latest report said India's LNG imports are expected to quadruple to 124 billion cubic metres, or about 61% of overall gas demand by 2040.
The contract - which covers major onshore engineering, procurement and construction - was signed with a joint venture between Chiyoda and Technip and is known as North Field East.
"The total cost of the project will be $28.7 billion, making it one of the industry's largest investments in the past few years and largest LNG capacity ever built," Kaabi said.
The US Energy Information Administration (EIA) said US utilities pulled 192 billion cubic feet (bcf) of gas from storage during the colder than normal week ended Jan. 29.
Front-month gas futures rose 2.2 cents, or 0.8%, to $2.811 per million British thermal units.
BP wants to boost its renewable generation capacity 20 fold by 2030 while Total is aiming to have 100 gigawatts (GW) of gross renewable energy generation capacity by 2030.
After a couple of years of relatively flat gas prices and stable demand, prices dropped last year in the face of lower energy demand because of coronavirus-related restrictions.
This month, however, Asian liquefied natural gas (LNG) prices soared to record highs because of low stocks.
Record high spot LNG prices due to freezing temperatures in North Asia are forcing emerging economies such as Pakistan to ration gas and seek alternative fuels.
Pakistan LNG, a government subsidiary that procures LNG from the international market, is seeking three cargoes for delivery over March 11 to 12.
But with temperatures expected to get warmer post-winter, spot prices for cargoes delivered into North Asia in March have fallen to less than half the average price of cargoes to be delivered in February.
Pakistan LNG, a government subsidiary that procures LNG from the international market, is seeking the cargoes for delivery over Feb. 15-16 and Feb. 23-24.
Pakistan LNG said on Saturday that a supplier, who had submitted the lowest offer in a buy tender that the company closed in late December.