Oil and gas trade must be depoliticized, Saad al-Kaabi, energy minister and head of Qatar’s state energy company, said this, calling on politicians to abandon sanctions and agreements against the free market, Reuters reported. Kaabi’s comments came ahead of a meeting of the Gas Exporting Countries Forum (GECF) in Egypt …
Read More »Russia Becomes Second Largest Gas Supplier to China, Surpassing Australia
Russia in July took over second place in terms of natural gas supplies to China, regarding total gas supplies in pipeline and liquefied form, surpassing Australia, and consolidated its position in August, China’s customs service said. Turkmenistan has been the largest supplier of gas to China since the beginning of …
Read More »LNG Bottlenecks are Emerging in Crisis-Stricken Europe
European countries have boasted that their gas storage facilities have been filled at higher than usual levels before the start of winter. Yet more LNG cargos are arriving in Europe at such rates that they are jamming ports. And freight rates are through the roof, adding to already record LNG …
Read More »Iraq Calls Russian Companies to Explore Oil in New Areas
Head of the technical department in the Iraqi Ministry of Oil, Ali Ward Hammoud, stated on Friday that Iraq is interested in the partnership with Russian oil companies, and called Russian companies to participate in exploring oil in new areas, according to Sputnik News. Hammoud, in a statement to Sputnik, …
Read More »Qatar Adds Shell to North Field South
Royal Dutch Shell has won the second international equity stake for North Field South (NFS), Phase 2 of Qatar’s 48 million ton per year LNG mega-expansion, Shell and QatarEnergy announced on Sunday. The company was awarded a 9.375% participating interest in the two-train 16 million ton/yr NFS project out of …
Read More »Qatar Adds Shell to North Field South
Royal Dutch Shell has won the second international equity stake for North Field South (NFS), Phase 2 of Qatar’s 48 million ton per year LNG mega-expansion, Shell and QatarEnergy announced on Sunday. The company was awarded a 9.375% participating interest in the two-train 16 million ton/yr NFS project out of …
Read More »Consortium of Iranian Banks, Firms to Invest $27b in Oil Industry
Head of Iran’s Planning and Budget Organization (PBO) Masoud Mirkazemi said a recently formed consortium of Iranian banks and companies is going to invest $27 billion in the country’s oil and gas sector, IRNA reported. “Recently, good cooperation has been established between the Planning and Budget Organization and the Oil …
Read More »Spain Says New Gas Pipeline may Take 7 Years to Build
A planned underwater energy pipeline linking Barcelona in Spain and Marseille in France could take up to seven years to build, Spain’s energy minister has said. France, Spain and Portugal announced on Oct. 20 they had agreed to build the maritime pipeline instead of a long discussed overland pipeline across …
Read More »China Plans Mammoth Offshore Windfarm
The Chinese city of Chaozhou in Guangdong has plans to begin construction on its massive 43.3 GW offshore wind farm within the space of a few years, according to the city’s most recent five-year plan. The location of the wind farm is ideal, with winds strong enough to run the …
Read More »Macron Lashes out at United States over Double Standard Energy Policies
U.S. trade and energy policies have created a “double standard”, with Europe left paying higher prices for its natural gas, French President Emmanuel Macron said on Friday. France, the latest—and largest–country to withdraw from the Energy Charter Treaty, has switched from being a net exporter of energy last year, to …
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel