NATO said on Friday it would launch its annual nuclear exercise “Steadfast Noon” on Monday. NATO said on Friday it would kick off its annual nuclear exercise “Steadfast Noon” on Monday, with up to 60 aircraft taking part in training flights over Belgium, the North Sea and Britain to practice …
Read More »China Launches New Remote Sensing Satellite into Orbit
China sent a new remote-sensing satellite into space from the Xichang Satellite Launch Center in the southwestern province of Sichuan. China has deployed a Yaogan-36 Earth sensing satellite into orbit, the China Aerospace Science and Technology Corporation (CASC) said on Saturday, Sputnik reported. A Long March 2D launch vehicle carrying …
Read More »Attack on TurkStream Gas Pipeline will be Terrorism
Any attack on the TurkStream gas pipeline will be an act of terrorism, Hungary’s Prime Minister Viktor Orban said on Friday. Speaking to state media, Orban said Budapest will “respond accordingly” if there is any attack on the pipeline, which carries gas from Russia to Türkiye and further to European …
Read More »Japan to Revise Laws to Ensure Stable LNG Supply, Demand in Emergency
Japan’s cabinet approved Friday bills to revise laws to ensure stable supply and demand of liquefied natural gas in the event of an energy contingency, amid procurement concerns driven by the Russian offensive in Ukraine. Partial revisions to the gas business law and the law for Japan Oil, Gas and …
Read More »Qatar Interested in Eastern Mediterranean Oil Exploration
Qatar is interested in joining French firm TotalEnergies and Italy’s Eni in exploring for oil in two areas in Lebanese waters, the Lebanese energy minister said on Friday. Qatar wants to join the consortium to explore for oil in blocks 4 and 9 in the Eastern Mediterranean, Walid Fayad said …
Read More »IEA: OPEC+ Cuts Risk Oil-Price Spike and World Recession
The OPEC+ decision to sharply curtail oil production threatens to push prices to levels that tip the global economy into recession, the International Energy Agency warned. “The massive cut in OPEC+ oil supply increases energy security risks worldwide,” with “resulting higher price levels exacerbating market volatility,” the IEA said in …
Read More »Russia’s Oil Revenues Drop to the Lowest Level this Year
Falling crude oil prices and declining oil exports resulted in a $3.2-billion drop in Russia’s oil revenues to $15.3 billion for September, the lowest monthly oil export revenue for Moscow this year, the International Energy Agency (IEA) said on Thursday. Total crude oil and oil product exports out of Russia …
Read More »Iran Trade Value with Neighboring States Hits 7% Growth in H1
Statistics showed that 38,650,000 tons of non-oil goods, valued at $24.198 billion, were exchanged between Iran and 15 neighboring states in the first half of the current year, showing a seven percent growth. Iran’s trade value with neighboring states registered a seven percent from March 21 to September 23, registering …
Read More »Iran and Gazprom Create Roadmap for Fields
Iran and Gazprom have created a roadmap on fields, there are several working groups, Iranian Deputy Petroleum Minister Ahmad Asadzadeh said. “Another area is the development of fields in Iran. This is one of the topics in the agreement. We have created a roadmap with Gazprom, we have several working …
Read More »Putin Proposes Building Natural Gas Hub in Türkiye
Russian President Vladimir Putin on Thursday proposed to his Turkish counterpart Recep Tayyip Erdogan building a natural gas hub in Türkiye. Speaking on the sidelines of a regional gathering in Kazakhstan, Putin said building a hub in Türkiye would allow, among other things, regulating prices, selling gas at market prices, …
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