Adnoc has set out a plan to invest $15 billion into low carbon energy by 2030. The plan covers investments in clean power, carbon capture and storage (CCS), electrification of work and tackling gas flaring. Adnoc head Sultan Ahmed Al Jaber said the company would “fast-track significant investments into landmark …

U.S. Natural gas prices had rebounded by nearly 4% as of midday Wednesday after five consecutive days of sell-off when it became clear that predictions of a supply squeeze were wrong. Henry Hub natural gas futures were trading at $4.145 at 1.38 p.m. EST, up nearly 4% on the day, …

Natural gas prices in Europe fell back to pre-war levels, as a bout of mild weather reduced demand and eased fears of a prolonged supply crunch. Benchmark futures fell as much as 11% as a warm spell curbs heating demand and blustery conditions cut use of gas in power generation. …

The value of Iran’s non-oil export rose 19 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 (IRICA) show. According to …

Bulgaria on Tuesday signed a long-term deal to access Turkey’s liquefied natural gas (LNG) terminals, a move that could help diversify the region’s gas supply away from Russia and advance Turkey’s aim to be a regional energy hub. The agreement between Bulgaria state-owned gas operator Bulgargaz and Turkish state gas …

Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy. Brent futures for March delivery fell 13 cents to US$81.97 a barrel, a 0.1 per cent loss, by 1.15pm Singapore time. US crude dropped …

The International Monetary Fund (IMF) has said Nigeria and other oil exporting countries in the Sub-Saharan African countries spend more when oil prices are high, hence find it difficult to save against oil price shocks. The Fund, therefore, advised the concerned countries to target buffers of around five to 10 …

This week Uniper brought Germany’s first full cargo of liquefied natural gas (LNG) to a new LNG terminal, operated by Uniper, in Wilhelmshaven, the latest chapter in Europe’s great shift away from Russian energy sources. The LNG ship Maria Energy, owned by Tsakos Energy Navigation, was loaded with 170,000 cu …

Qatar and the United States have topped global exports of LNG in 2022 in light of the energy crisis amid the ongoing war in Ukraine, Bloomberg revealed on Tuesday based on ship-tracking data. The report found that Doha and Washington exported 81.2 million tonnes of LNG, a figure that represented …

The China-Russia east-route natural gas pipeline has raised its daily gas transmission capacity to 61 million cubic meters since its operation three years ago, and the annual gas transmission volume is expected to exceed 22 billion cubic meters in 2023, China Media Group (CMG) reported on Monday. In 2022, the …