Japan’s 3 biggest banks are teaming up with major U.S. and European lenders to loan $1 billion to help Kuwait increase oil output, seeking to calm energy markets roiled by Russia’s invasion of Ukraine, Nikkei Asia has reported. Mizuho Bank, Sumitomo Mitsui Banking Corp. and MUFG Bank are making the …
Read More »G7 will not Pay Rubles for Russian Gas
The countries of the Group of Seven announced they have rejected the Kremlin’s demands that Russian gas be paid for using Russian rubles, Reuters reported. Last week, Russian President Vladimir Putin suggested that “unfriendly” countries would be required to pay for gas using rubles. “I have decided to implement a …
Read More »Russia and West at Odds over Gas Payments in Roubles
Russia said on Monday it will not supply gas to Europe for free as it works out methods for accepting payments for its gas exports in roubles but G7 nations refused the demand. At a meeting of European Union leaders on Friday, no common position emerged on Russia’s demand last …
Read More »China Begins Mega Condensate Gas Field Construction in Bohai Bay
The first phase of construction on east China’s largest condensate gas field, Bozhong 19-6, began in Shandong Province on Saturday. It is the first 100 billion-cubic-meter gas field in China’s Bohai Bay. The project is expected to include eight individual structures – a central platform, three unmanned wellhead platforms and …
Read More »QatarEnergy Announced as Official FIFA Partner for the FIFA World Cup 2022™
QatarEnergy has been announced as a FIFA Partner, today 27 March 2022, joining the line-up of companies supporting the building excitement for the FIFA World Cup Qatar 2022™. QatarEnergy is one of the largest providers of liquified natural gas (LNG) in the world and is the second Qatar-based company to …
Read More »Iran Makes due Studies on Developing, Drilling in Arash Gas Field
Iran’s Petroleum Ministry has undertaken necessary studies on developing and drilling in Arash joint gas field with Saudi Arabia and Kuwait, an Iranian official announced. The Iranian Ministry has also prepared the ground for development of Arash or Durra gas field, Ahmad Assadzadeh, deputy petroleum minister for international and commercial …
Read More »Russian Gas Sales to China will not Make up for Loss of European Markets after Ukraine Invasion
Increased China purchases of Russian natural gas will not make up for the loss of the European market, but their real importance to Moscow will be as a channel for necessary goods in the face of strict Western sanctions, according to a leading energy analyst. The European Union and Britain …
Read More »Iraq to Resume Oil Agreement with Jordan at $16 below the Market Price
Jordan and Iraq on Saturday agreed to extend the memorandum of understanding (MoU) under which the Kingdom imports Iraqi Kirkuk crude oil with a daily average of 10,000 barrels delivered to the Jordan Petroleum Refinery in Zarqa. Assistant for energy affairs at the Energy Ministry Hassan Hiari noted that the …
Read More »Qatar will Continue to Supply Gas to Europe
Qatari Energy Minister Saad Al Kaabi said in an exclusive interview with CNN’s Becky Anderson that Qatar will stand “in solidarity with Europe” and will not divert gas contracts to other customers. Qatar supplies some European countries with gas in the form of divertible contracts, which means it is able …
Read More »Iran’s Natural Gas Exports Value Doubled Last Year
According to the official statistics of the Islamic Republic of Iran Customs Administration (IRICA), country’s natural gas export value in the first 11 months of the previous Iranian year in 1400 hit more than $4.8 billion. Iran exported more than $4.8 billion worth of natural gas to foreign countries from …
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