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Kazakhstan's domestic gas pipeline operator KazTransGas has signed a 5-year agreement with Chinese state-held oil and gas company Petrochina to export 10 bcm/year of natural gas to China starting from 2019. The transaction is expected to boost KazTransGas' revenue by approximately US$2bn/year. It will double the current gas supply, comes as Kazakhstan is ramping up its natural gas production and continues to expand its pipeline export infrastructure. The bulk of the additional production comes from the country's three giant projects (Karachaganak, Tengiz and Kashagan).
According to the United States Energy Information Administration (EIA), the US trade gap for energy products has narrowed since 2003, as domestic energy production has cut imports since 2011. In 2017, energy imports were only 1.5 times greater than exports, whereas they were about 10 times greater over the 2003-2007 period.
Norwegian state-run oil and gas company Equinor (formerly known as Statoil) has started to produce oil at the NOK6.5bn (€688m) Oseberg Vestflanken 2 offshore oil field, located 8 km from the Oseberg field in the North Sea. The new Oseberg H platform is the first unmanned platform on the Norwegian Continental Shelf.
Following a government policy review led by the United States National Security Council, the US of Energy (DoE) has set up a new policy framework on civil nuclear cooperation with China covering exports of US civil nuclear advanced technology, material, and equipment to China. This new scheme is meant to prevent China's illegal diversion of US civil nuclear technology for military or other unauthorised purposes.