Gas supplies via the Nord Stream 2 gas pipeline may total 5.6 billion cubic meters this year, Russia’s state-run energy giant Gazprom said in a statement on Thursday. The project was 99% complete as of July, with the pipe-laying barge Fortuna working at the final section. Gas flows via Nord …

Saudi Arabia maintained its position as China’s top crude oil supplier for the ninth month in July, Reuters reported, citing data from the General Administration of Customs in China. Shipments from Saudi Arabia totaled 6.69 million tons in July, or 1.58 million barrels per day (bpd), compared with 1.75 million …

Iran produced 2.485 million barrels per day (bpd) of crude oil in July, registering a 28 percent increase compared to the same month in 2020, according to OPEC’s latest monthly report published on August 12. Based on secondary sources, Iran had produced 1.936 million bpd of crude oil in July …

A German regional court will decide on 25 August whether European Union rules requiring the separation of energy production from transportation and trade must be applied to the Nord Stream 2 (NS 2) gas pipeline, the court’s website showed on Thursday (19 August). The ruling will not affect completion of …

Russian President Vladimir Putin has stated that Russia is ready to continue transporting gas through Ukraine after 2024. However, the Russian authorities need to understand how long the transit will be extended and in what volumes. Putin said this during a press conference. “We are ready to transit gas through …

Director-General of Trade Promotion Organization of Iran (TPO)’s Office of Arabian and African Countries put Iran’s export of non-oil products to Syrian Arab Republic at 36 percent in the first four months of the current year. Speaking in an interview with FNA on Sat., Farzad Piltan reiterated that country’s export …

China and Arab states, both tasked with a mission to ensure energy security while pushing for a transition toward renewables, have set their eyes on closer energy ties, notably in green sources such as solar panels, hydrogen and nuclear power, energy authorities and industry insiders said Friday at a major …

Gazprom, apart from limiting gas transit to Europe via its export gas pipelines, is also persistently emptying the European gas storage facilities under its control. This is leading to historically high gas prices on the European market, and is a harbinger of a crisis in the coming heating season. Record …

The sovereign wealth fund of Norway, which manages $1.4 trillion (€1.2tn) in assets, has said there are oil companies in its portfolio that “absolutely” aren’t doing enough to cut emissions, as the guidelines under which it operates are reviewed, potentially giving the investor more scope to act. Norges Bank Investment …

Iran’s Foreign Ministry Spokesman Saeed Khatibzadeh says the country’s nuclear program and activities are fully in line with the Non-Proliferation Treaty (NPT) and its Safeguards commitments. In a statement on Tuesday, Khatibzadeh noted that the International Atomic Energy Agency (IAEA) has been supervising Iran’s nuclear activities and that Tehran has …