Russian gas giant Gazprom expects excess supplies in Europe’s natural gas market to continue in 2021, the head of the company’s exporting arm said on Monday, blaming exports of liquefied natural gas (LNG) from the United States. Gazprom has seen its share of the European gas market, where it makes …

Iran’s Permanent Envoy to the International Atomic Energy Agency (IAEA) said that considerable centrifugal and quality of nuclear materials have no place in the documents of IAEA. Iran’s Permanent Ambassador to Vienna-based International Organizations Kazem Gharibabadi made the remarks on Sunday in his reaction to the statements raised by the …

CEO of the Iranian Central Oil Fields Company Ramin Hatami said the ICOFC had planned to produce over a billion cubic meters of gas from Sarajeh gas storage facility in winter. “A sum of 902 million cubic meters of gas was recovered from Sarajeh facility last year,” Hatami said, adding, …

The Covid-19 pandemic and an ongoing shift to renewables are accelerating an exodus of the world’s largest oil and gas companies from South-east Asia, dimming prospects for investment and raising the possibility of supply shortages once demand recovers. US and European oil majors have either announced or are thought to …

Oil prices dropped for a second straight session on Monday as U.S. producers began restoring output after Hurricane Delta weakened, while a strike that had affected production in Norway came to an end. Brent crude for December fell 32 cents, or 0.8%, to $42.53 a barrel by 0347 GMT and …

Iran’s Energy Minister Reza Ardakanian held talks with Acting Foreign Minister of Afghanistan Mohammad Hanif Atmar on the permanent transmission of electricity to Afghanistan. In a videoconference on Saturday night, the two sides discussed preparation for holding a joint economic commission next month, planning and implementing joint economic programs, electricity …

Iraq’s Oil Minister Ihsan Abdul Jabbar said oil prices are expected to reach around $45 in the first quarter of 2021, the al-Sabah state newspaper reported on Sunday. Iraq has also based a draft 2021 federal budget on a projected oil price of $42 per barrel, the paper cited the …

Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman Al Saud, stated that the Kingdom seeks to be a leader in finding solutions for the green energy future. “We will not be a part of the problem, nor will we accept to be just a part of the solution. Our …

Iran witnessed a surge of almost 25 percent in exports during the 6th month of the current year (August 22-September 21) compared with the previous month, Iran’s Customs Administration (IRICA) spokesman Rouhollah Latifi said on Saturday. Latifi said that the exports had reached $2.691 billion in value terms from August …

Germany won’t need additional gas flows this season, giving Chancellor Angela Merkel and Russian President Vladimir Putin another reason to bide their time on the controversial Nord Stream 2 pipeline. After two warm winters and the coronavirus pandemic, demand for the fuel used for heat and power generation is sagging …