The EU and Japan agreed July 18 to strengthen their energy cooperation by establishing an EU-Japan energy security dialogue on global LNG “architecture.” In a statement, the EU said the dialogue would see collaboration on a global “early warning” system to help pre-empt possible supply shocks and ensure global LNG …
Read More »World’s Top LNG Players Push for more, but Greener, Gas Investments
Current investments in gas infrastructure are falling short of what is needed, officials at an industry conference in Japan said on Wednesday, citing the role they say the fuel has to play in both global energy security and the transition to net zero. Big producers have in recent years promoted …
Read More »QatarEnergy Profit Surged to $42.4 Billion amid Energy Crisis
QatarEnergy’s net income rose 58% in 2022 to reach 154.6 billion riyals ($42.4 billion) on surging international energy prices, according to latest reported data. Russia’s invasion of Ukraine in February last year sparked supply fears among European consumers reliant on Moscow for pipeline gas, driving prices to record highs. As …
Read More »ADNOC to Launch First High-Speed Hydrogen Refueling Station in Middle East
ADNOC today announced that it has begun construction on the Middle East’s first high-speed hydrogen refueling station. The station, which is being built in Masdar City by ADNOC, will create clean hydrogen from water, using an electrolyser powered by clean grid electricity. Hydrogen, which creates no carbon dioxide (CO2) emissions …
Read More »IEA: Major Uncertainties Remain for EU Gas Market
The European gas market still faced “major uncertainties” ahead of winter and a full halt to Russian gas flows could reignite tension, said the International Energy Agency (IEA). “Fierce competition for gas supplies could also emerge if northeast Asia experiences colder than usual weather and economic growth is stronger than …
Read More »Iraq’s Oil Exports to the US Reach 46 Million Barrels in Q1 2023
The US Energy Information Administration announced on Tuesday that Iraq’s oil exports to the United States had reached approximately 46 million barrels during the first quarter of 2023. According to a table published by the administration, “Iraq’s exports of crude oil and its products to the United States during the …
Read More »Japan Plans Climate Initiative to Help Cut Methane Emissions
Japan plans to announce a new public-private framework to help reduce methane emissions across the liquefied natural gas supply chain as concerns about rising temperatures force governments to take more aggressive climate action. Details are expected to be announced during the LNG Producer-Consumer Conference on Tuesday in Tokyo, Minister of …
Read More »Libya’s Sharara Oil Field Resumes Production as Protests Cease
Libya’s Sharara oil field is gradually resuming production after protesters that shut the facility earlier last week left, a person familiar with the matter said. The protesters ended their demonstration after officials released a man who’s vying to become the nation’s next central bank governor. The nearby — but smaller …
Read More »TotalEnergies to Complete Energy Projects in Iraq by 2029
The Director General for Studies and Planning at the Iraqi Oil Ministry, Naseer Aziz Jabbar, explained on Monday that energy projects carried out by TotalEnergies in Iraq will be completed in 2028 and 2029, the Iraqi News Agency (INA) reported. TotalEnergies signed last week a $27 billion energy deal expected …
Read More »Japan to Propose Global Natural Gas Reserve to Avoid Shortages
Japan plans to propose a global stockpile for natural gas, similar to the emergency reserve in the oil sector, to help avoid future shortages and stabilize prices. The nation’s government will suggest that the International Energy Agency should create a gas stockpiling framework for member nations, according to people familiar …
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