Exporter's forum reports "cautious optimism" on gas demand
2020 has been a tough period for the global gas industry, and it's far from certain that demand will rebound next year, says Gas Exporting Countries Forum, which nonetheless remains optimistic about 2021 market development.
The Swedish power company will not build any more new onshore wind farms in Denmark and now intends to divest its current development projects totaling several hundred megawatts. The utility insists that its move is not due to many years of domestic obstacles.
Despite a reduced deficit in the fourth quarter, rig operator Borr Drilling exits 2020 with another deficit of more than USD 300m. The company, which recently secured approval for a rescue plan, still projects a stronger market.