Parvin Faghfouri Azar

China Eyes Kazakh Coal as Energy Demand Soars

China is the world’s biggest coal consumer. Neighboring Kazakhstan sits on some of the world’s biggest coal reserves. Yet they have never done much business trading the stuff, largely because it is expensive to move by rail. That may be about to change. Rolling blackouts caused by a coal shortage …

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WoodMac: Only Russian Gas Can Save Europe in Cold Winter

Europe may face gas shortages this winter if the cold weather depletes storage levels to zero, leaving the region entirely dependent on additional flows from Russia, according to consultant Wood Mackenzie Ltd. If Europe and Asia experience cold winters, there won’t be enough gas to meet demand unless extra volumes …

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Lukoil Buys Shah Deniz Stake for $2.25B

Lukoil has concluded a deal for acquiring 15.5 percent interest in the Shah Deniz gas project in the Caspian Sea from Malaysian giant Petronas. Russian oil and gas company Lukoil has concluded a deal for acquiring 15.5 percent interest in the Shah Deniz gas project in the Azerbaijan part of …

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