Russia’s Rosneft PJSC aims to develop new natural gas reserves regardless of whether the Kremlin allows the company to export the fuel through pipelines. “We will produce gas at Rospan and Kharampur-Neftegaz irrespective of the export potential,” First Vice President Didier Casimiro told reporters, referring to the company’s two greenfield …

The request for transit of Russian gas through the territory of Ukraine remains low, equaling the level of the middle of January, according to data provided by the GTS (Gas Transmission System) Operator of Ukraine. Gas transit via Ukraine has been falling since the beginning of the month, standing at …

Russian liquefied natural gas will remain an important factor to support energy security of the Asia-Pacific Region for coming decades, chief executive of Shell in Russia Ekaterina Grushetskaya told TASS. “Forecast indicators contained in the Shell’s report on LNG global market development prospects posted today will certainly be a good …

Iraq has begun negotiations with the US oil major Halliburton to develop a crutch gas field in Anbar governorate, looking to increase its hydrocarbons output as oil prices rise. The Ministry of Oil has also sent the initial contract for the development of Mansourieh gas field to the Council of …

OPEC+ compliance with oil production cuts rose to 129% in January, a source from the producer group told Reuters, indicating that some members continue to struggle to raise their output. The January figure compares with 122% in December, and 117% in November. Compliance from members of the Organization of the …

China National Offshore Oil Corporation (CNOOC), the leading liquefied natural gas (LNG) player in China, announced Sunday that it had completed concrete casting for the foundations of six world’s largest LNG storage tanks in Yancheng City of east China’s Jiangsu Province. The six storage tanks of 270,000 cubic meters, the …

China saw strong exports in photovoltaic products (PV) last year as the world picked up efforts to cope with climate challenges. In 2021, the country’s PV exports surpassed $28.4 billion, growing about 60 percent from $18.23 billion a year before, the Ministry of Industry and Information Technology said. With a …

In order to accompany Iranian President Seyyed Ebrahim Raeisi to Qatari capital Doha slated on Monday, Iranian Oil Minister Javad Owji left Tehran for Doha to attend 6th Gas Exporting Countries Forum (GECF) on Sunday morning. According to the scheduled program, Iranian President Seyyed Ebrahim Raeisi and high-ranking delegation will …

German Chancellor Olaf Scholz has told CNBC that the West has to work “very hard” to find alternative sources of energy beyond Russia as talks of potential sanctions intensify. Speaking to CNBC’s Hadley Gamble at the annual Munich Security Conference, Scholz stressed that much of the West is reliant upon …

Geopolitical tension in Eurasia has ruffled financial markets in recent weeks and contributed to the almost 20 per cent increase in oil prices since the start of 2022. In addition, oil markets are expected to remain relatively tight in the first quarter of this year, as supply is only gradually …