Gas

China’s natural gas output is expected to surpass crude oil production around 2025, China National Petroleum Corp (CNPC) oil and gas exploration expert Zou Caineng said on Friday. Domestic natural gas output from CNPC, China’s largest producer, topped 130 billion cubic metres (bcm) in 2020, up 11.6 bcm from the …

Liquefied natural gas traders anticipate a swift demand recovery in 2021 after a year in which the coronavirus pandemic prompted dramatic price swings. Colder weather in key importing nations, outages at major production hubs and congestion along global shipping routes already have combined to push spot prices in Asia to …

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 …

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 …

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 …

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 …

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 …

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, …

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.

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 …