A large box must be ticked before LNG can be considered a cornerstone of the 21st century energy basket – and that is its de-carbonization. LNG has fairly been heralded as a coveted jigsaw piece in the global energy transition; an energy market to bridge the traditional fossil fuel industry …
Read More »Iran Emphasizes Resumption of Gas Export to Iraq
Iranian Energy Minister emphasized resuming gas export to Iraq in a meeting with the Prime Minister of the country on Tuesday. Reza Ardakanian made the remarks in a meeting with Iraqi Prime minister Mustafa Al-Kadhimi on Tuesday. Both sides conferred on the expansion of relations between the two countries. Iranian …
Read More »Iran Cuts Gas Flows to Iraq
Iran has slashed the amount of natural gas it exports to Iraq and threatened further cutbacks over unpaid bills, increasing the likelihood of more electricity shortages in Baghdad and other major cities. Iraq has been receiving 5 million cubic meters a day since Iran cut its daily exports from 50 …
Read More »Europe Shifting Away from Natural Gas, Struggle Ahead for Cyprus
The expectation that Europe will be a market for East Med gas is becoming even more fanciful 2020 has been a difficult year for natural gas and LNG, with prices falling to rock-bottom as a result of the devastating impact of Covid-19 on the global economy. But even though recovery …
Read More »Iran Self-Sufficient in Natural Gas Supply
The CEO of the National Iranian Gas Company (NIGC) said Iran is fully self-sufficient in natural gas supply and has no imports. In an interview with SHANA, Hassan Montazer Torbati said, “We do not import gas and the needs of the whole country are met from domestic sources for the …
Read More »Gazprom, Turkish Partners Discuss Using TurkStream to Supply Gas to more of Europe
Russian energy giant Gazprom is currently in talks with its Turkish partners to carry natural gas deliveries via the TurkStream pipeline to more European markets. “We are now in talks on the issue with our Turkish colleagues,” said Elena Burmistrova, chief executive of the Russian holding’s export arm, Gazprom Export, …
Read More »Nord Stream 2 Priority Project for Russia, Its Implementation Going Ahead
The construction of the Nord Stream 2 gas pipeline is a priority project for Moscow, Kremlin Spokesman Dmitry Peskov told TASS, adding that Russia is going ahead with its implementation. “That is a priority project and we are going ahead with its implementation,” he said.
Read More »Kremlin Sees US Sanctions on Nord Stream 2 as Manifestation of Hybrid War
The Kremlin sees US sanctions against the Nord Stream 2 pipeline, expected to pump gas from Russia to Europe, as a sign of a hybrid war, presidential spokesman Dmitry Peskov said Monday. Russian billionaire Oleg Deripaska has recently said that “sanctions are a tool of a very real modern hybrid …
Read More »Russian Energy Ministry Expects Global Gas Demand to Rise in Coming 25-30 Years
Global gas demand will not decline in coming 25-30 years, it will only rise due to a small carbon footprint, Russian Deputy Energy Minister Pavel Sorokin told a forum on Friday. “Due to the fact that gas has the smallest carbon footprint we do not expect a decline in gas …
Read More »Azerbaijan, Turkey to Ink MoU on New Gas Pipeline
Azerbaijan and Turkey are expected to ink a memorandum of understanding on Igdir-Nakhchivan gas pipeline, Trend reports citing Turkish media. Azerbaijan’s energy ministry confirmed the information, saying that the details of the document will be revealed after its signing. Reportedly, the document is expected to be signed on Dec.15 between …
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