Qatar Petroleum selected Chiyoda Corp. and TechnipFMC Plc for the main construction contract to expand its liquefied natural gas production capacity by 43%. Qatar’s energy minister and QP Chief Executive Officer Saad Al-Kaabi signed the agreement, worth about $13 billion, with the two companies at a ceremony in Doha on …

The startup in 2020 of the 31.5 Bcm/year TurkStream pipeline triggered an unprecedented reshuffle in the way Russian gas reaches southeast Europe, and now with the start of flows via TurkStream’s onshore expansion, the picture is shifting once again. Like the Nord Stream and Nord Stream 2 pipeline projects, TurkStream …

The share of natural gas in Turkey’s electricity generation grew by 21 percent last year compared to 2019, as increasing drought hindered the production capacity of the country’s hydropower plants, according to a recent report by the Electricity Generators Association of Turkey. Turkey’s gross electricity generation in 2020 was 305,431 …

Their forecast has been based on what they see as the inability of many companies to increase production due to the ongoing economic impacts of the coronavirus disease (COVID-19) pandemic, which would mean a balance in supply and demand, according to Al Arabiya. The funds’ outlook on future trends of …

China has, for the first time, asked domestic companies to shoulder the responsibility for controlling the country’s greenhouse gas emissions by buying and selling emission quotas on a unified national carbon market. The sheer scale of the problem could create the world’s largest carbon trading market, but big structural factors …

German and French leaders took part in a virtual meeting on security policy and cooperation. Angela Merkel noted the importance of the gas pipeline for her country, which will soon complete the transition from coal and nuclear energy to renewable sources. Germany has set ambitious emissions-cutting goals that involve the …

The consortium behind the Russia-led Nord Stream 2 natural gas pipeline has resumed laying pipes in the waters of Denmark, it said on Saturday, despite mounting pressure on the project from Washington. Construction of the link, which would double the capacity of the existing Nord Stream pipeline to 110 billion …

Iran’s natural gas production has reached a record high even as US sanctions caused major international exploration companies to scale back their activities in the Islamic Republic. Production has hit a record of 1.04 Bcm/d, Iran’s oil minister Bijan Zanganeh said Feb. 7 on the sidelines of a petrochemicals conference …

Iraqi Minister of Oil, Ihssan Abdul-Jabbar, considered setting a price of 80$ US/oil barrel suitable for Iraq to meet the federal budget’s expenditures. Abdul-Jabbar said in an interview with Shafaq News agency, “Iraq will export in 2021 about one billion and 100 million barrels of crude oil according to market …

Saudi Aramco maintained its second position as the world’s most valuable oil and gas brand in 2021, with a value of $37.5 billion, compared to $46.77 billion in 2020, according to Brand Finance. The annual report on the most valuable brands in the oil and gas sector found that the …