Japan plans to step up its investment role in upstream projects for liquefied natural gas (LNG), to spur new development and boost fuel offtake by its companies, the industry minister said on Friday. Investment in new LNG development worldwide has dropped significantly as a global trend toward decarbonisation grows, although …

The Islamic Republic of Iran has exported 337 million barrels of oil to China since the start of 2021 and the price of each barrel increased from 56 dollars to 97 dollars during this period, so the average oil price shows Tehran has not sold oil in cheap price. An …

Russian state-owned gas producer Gazprom continued to supply natural gas to Europe via Ukraine on Friday in line with requests from European consumers, the company said. Requests stood at 71.6 million cubic metres for Friday, down from 81.1 million cubic metres on Thursday.

Back in early February, reports were mounting that Russia was preparing to invade Ukraine. Videos of Russian troops training, working out, and preparing for battle were circulating around the internet, and Vladimir Putin was giving veiled and vague warnings and threats of the impending war. As it became clear that …

Libya can raise its natural gas production by 30 percent with an investment of up to $1 billion, Italy’s Ambassador to Libya, Giuseppe Buccino, said at a round table discussion at the LUISS University in Rome this week. If Libya manages to overcome political disputes, it would have more stability …

Eni SPA signed a framework agreement to boost flows of liquefied natural gas from Egypt to Italy, as European nations step up efforts to wean themselves off Russian energy in the wake of Moscow’s attack on Ukraine. “The agreement aims to promote Egyptian gas exports to Europe, and specifically to …

At the first-ever conference devoted exclusively to carbon-free hydrogen in the Middle East and North Africa (MENA), participants looked in depth at the technical and financial complexities of getting major projects off the ground. They covered projects announced by various consortiums worldwide, all in early-stage development. An exception appeared in …

After more than a week of consecutive declines, Europe’s benchmark natural gas prices rose on Tuesday amid lower orders for Russian gas supply transiting Ukraine. In morning trade in Amsterdam on Tuesday, the front-month gas futures price at the Dutch TTF hub, the benchmark gas price for Europe, was up …

Greece plans to step up efforts to explore for natural gas in an attempt to reduce its 40-percent reliance on Russian gas, Greek Prime Minister Kyriakos Mitsotakis said on Tuesday. “Accelerating the exploitation of the country’s national energy resources will allow us, if we are lucky and we have exploitable …

With the high volatility of international oil prices, China’s year-on-year increase in spending on oil and gas imports may exceed $100 billion, while further pressuring downstream business operations in addition to commercial consumption, financial media outlet Caixin reported on Wednesday, citing multiple experts. China may spend $100 billion more on …