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The government is prioritizing shorter-term supply deals while expanding its LNG portfolio.

China remained the top destination, receiving around 746,000 bpd, or 80% of total shipments.

However, volumes through BTC are limited by Aktau's port capacity and oil quality requirements.

EIR forecasts 30 GW of new U.S. data center capacity by 2030, compared to 50 GW projected by the Electric Reliability Council of Texas (ERCOT) and PJM Interconnection (PJM).

Previously, expectations of an end to the war had pressured prices lower, as traders anticipated a deal would involve ending sanctions on Russia and allow Russian oil back into an already oversupplied global market.

Eni continues to supply gas to the Centrale Électrique du Congo, which provides most of the nation’s electricity generation.

Such a move could disrupt payments to suppliers and employees.

The war in Ukraine following Russia's invasion in 2022 has widened and Ukraine is now regularly striking Russian oil infrastructure with drones.

Record output this year has allowed energy companies to stockpile more gas than usual, leaving about 5% more gas in storage than normal for this time of year.

State-run Indian Oil Corp has placed orders to buy Russian oil from non-sanctioned entities, while Bharat Petroleum Corp is in an advanced stage of negotiations for Russian oil imports.

Europe remained the dominant destination, absorbing about 70% of U.S. LNG cargoes, or 7.5 mmt.