Russia and its state firm Gazprom cover one-third of Europe’s gas needs.

The report argued that renewables will satisfy only one per cent of the world’s energy needs in 2017.

OPEC oil basket’s price stood at $44.23 per barrel on June 27. or $1.09 more than on June 26.

The wells included 14 delineation wells one exploratory and 27 repairing ones.

A second gold rush is taking place on a small island few people know about.

The country’s oil and gas resources management body will launch a tender for exploration licenses in the blocks by the end of June.

According to the Oil and Gas Authority (OGA). UK’s gas import dependency would rise to 78 % in 2035. compared to 48 % dependency estimated for 2017.

Lithuania aims to receive its cargo of US LNG at its terminal in Klaipeda port in the second half of August.

The increased dependence on U.S. natural gas imports is forcing the Mexican government to oversee a number of energy market reforms.

Qatar and Russia have long been rivals in global gas markets.