Gazprom announced that it has fully completed the construction of the €9.5bn Nord Stream 2 gas pipeline, which is designed to transport Russian natural gas to the European Union through the Baltic Sea. Nord Stream 2, the pipeline holding company, will now carry out the necessary pre-commissioning activities with an …

French energy giant Total Energies and the Iraqi ministries for oil and electricity along with the country’s National Investment Commission have signed major agreements, worth $27 billion, covering several projects in the Basra region, designed to enhance the development of Iraq’s natural resources and to improve the country’s electricity supply. …

Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi has evaluated his visit to Tehran as “constructive,” saying that the two sides are heading towards resolving differences. Following his one-day trip to Tehran and upon his arrival in Vienna, Austria, Grossi underlined that the new consensus is not …

Saudi Arabia’s state-run energy firm is splitting its gas production division in two, as the fuel becomes increasingly important for expanding its chemicals business and amid efforts to position itself for the energy transition. The Saudi Arabian Oil Company (Saudi Aramco) will create two new divisions, named Southern Area Gas …

The gas export proceeds of Russian energy giant Gazprom between January and July grew 1.8 times compared with the same period of the previous year and amounted to over $23 billion, according to Russia’s Federal Customs Service. Statistics showed that the physical volume of gas exports during the reported period …

German Chancellor Angela Merkel tried to soothe fears over the Nord Stream 2 gas pipeline and reaffirmed support for Ukraine’s role as a gas transit country. In particular, this was discussed during a joint press conference between Merkel and Polish Prime Minister Mateusz Morawiecki, Reuters reports. “I made clear that …

China’s National Development and Reform Commission (NDRC) said this week the country will roll out a pilot scheme for green power trading between corporate consumers and renewable energy generators. The program is being carried out by the Beijing Power Exchange Center and the Guangzhou Power Exchange Center. Under the pilot …

International Atomic Energy Agency director Rafael Grossi held talks with Mohammad Eslami, the new chief of the Atomic Energy Organization of Iran (AEOI) on Sunday morning. Grossi visited Tehran last night at the head of a delegation. Iran’s ambassador to the IAEA, Kazem Gharibabadi, said on Saturday that Iran and …

U.S. imports of crude oil from Iraq averaged 106,000 barrels per day (bpd) last week, the Energy Information Administration (EIA) said on Sunday, amid a drop in its appetite during the same period. In its weekly report on U.S. oil imports, EIA Said that the U.S. imports averaged million 4.985 …

Apparently, China has been the talk of the town for quite some time. While the entire yesteryear passed in a flurry of blame game over the pandemic, this year has been nothing short of a blessing for Xi’s regime. However, while China rapidly compensated for the drastic slump last year, …