Europe imported nearly one-quarter of all LNG traded last year, becoming the premium market for liquefied natural gas as it seeks to replace Russian pipeline gas supply. This year, Europe needs to import even larger volumes of LNG—in the absence of much of the Russian gas—to refill gas storage sites …

India has officially booted Japan out of the number three spot in the global automotive market. Latest industry data, reported on by Nikkei, shows that for the first time ever, India is now the third largest global auto market. For 2022, the country’s new sales came in at 4.25 million …

China issued a substantial increase in its crude imports quotas for this year, the clearest sign yet that Chinese refiners are set for a material increase in output – and a surge in demand for oil – as the nation finally moves away from its ridiculous Covid Zero policy. On …

The state-owned QatarEnergy announced Monday an agreement with the US petrochemical giant Chevron Phillips Chemical to build a petrochemical facility. QatarEnergy and Chevron Phillips Chemical will build a $6 billion complex in Qatar’s Ras Laffan Industrial City. To this end, the two companies created the joint venture Ras Laffan Petrochemicals. …

The last month has been a month of celebration in the European Union. Gas demand is down because of the unusually warm weather. As a result, prices are down, and the crisis, according to analysts, appears to be averted. The problem is that some of those analysts are adding the …

Despite experts saying that the world’s renewable energy capacity is not growing fast enough to support government pledges for a green transition by 2050, several clean energy production records were broken in 2022. A huge amount of wind and solar power came online around the globe last year, and several …

The value of Iran’s liquefied petroleum gas (LPG) export rose 86 percent from the beginning of the current Iranian calendar year (March 21, 2022) up to December 31, as compared to the same period of time in the past year, data released by the Islamic Republic of Iran Customs Administration …

Germany just took a step closer to finding a long-term, greener replacement for Russian natural gas and coal. German power producer RWE and Norwegian state-owned energy firm Equinor on Thursday announced plans to build hydrogen-fueled power plants in Germany over the next few years, as well as a major pipeline …

The value of non-oil export from Sistan-Baluchestan province, in the southeast of Iran, rose 32 percent in the first nine months of the current Iranian calendar year (March 21-December 21, 2022), as compared to the same period of time in the past year, according to a provincial official. Mojtaba Shojaei, …

Sonatrach intends to invest more than $30 billion in the exploration and production of hydrocarbons, in particular natural gas to improve the supply of the world market, said the CEO of the group, Toufik Hakkar. “As part of Sonatrach’s five-year investment plan (2023-2027) the order of $40 billion, more than …