Chevron CEO Downplays Oil Shortage Worries, Says Supplies Are Available
3/8/2022
HOUSTON (Reuters) — Chevron CEO Michael Wirth downplayed worries over oil supplies saying although global crude oil inventories have been drawn down, oil supplies are not lacking.
Europe's natural gas shortage, which has pushed prices to multiyear highs, has revived talk of a Mediterranean Sea pipeline that could carry gas from Israel to European customers, he said in remarks at the CERAWeek energy conference.
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Pipeline Project Spotlight
Owner:
Gaz-System, Energinet
Project:
Baltic Pipe
Type:
Baltic Pipe will transport Norwegian natural gas from the Norwegian North Sea via Denmark to Poland.
Length:
560 miles (900 km)
Capacity:
110 Bcf per annum
Start:
Q2 2020
Completion:
Q4 2022
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