A Hungarian firm announced Saturday it will join the TurkStream gas pipeline, running from Russia to Turkey. MOL said it will join the gas pipeline through Serbia. The regulator approved a 10-year development plan that includes the construction of a new Serbian-Hungarian gas inter-connector, with a capacity of 6 billion …
Read More »U.S. LNG Exports Crash by More Than 50%
Historically low natural gas prices from Asia to Europe and lower demand in the pandemic have resulted in U.S. exports of liquefied natural gas (LNG) dropping from 8.1 billion cubic feet per day (Bcf/d) in January to an expected export volume of just 3.2 Bcf/d in July, the U.S. Energy …
Read More »Nord Stream 2 AG to Substantiate Appeal against German Regulator by September 15
Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline project, should substantiate its appeal against the decision of the German Federal Network Agency [Bundesnetzagentur] not to exempt the Nord Stream 2 project from requirements of the revised EU gas directive, a spokesperson of the Higher Regional …
Read More »China to Boost Natural Gas Production and Trim Imports, despite Glut and Pandemic
The global will remain oversupplied for the next two years but low prices will not hinder China from stepping up domestic output and reducing its reliance on imports, according to a senior executive of one of China’s largest natural gas distributors. “This year, the coronavirus pandemic has rendered the global …
Read More »Asia to Lead Construction of New O&G Pipelines by 2024
Asia is set to lead the global construction of new trunk/transmission oil and gas pipelines by 2024, holding a 36% of total estimated additions, consulting firm GlobalData said in a new analysis on Friday. The region expects 109 projects with a 46,699-kilometer length of new-build oil and gas pipelines. Roughly …
Read More »North America to Contribute 75% of Global LNG Liquefaction Capacity Additions
North America is expected to be the frontrunner in global LNG liquefaction capacity growth through new-build (planned and announced) and expansion projects during the outlook period 2020 to 2024. The region is likely to contribute about 75% of the total growth across the globe by 2024, according to GlobalData, a …
Read More »Nord Stream 2 may Contribute to Europe’s Energy Security
Russia hopes that the Nord Stream 2 gas pipeline will be finalized and it will help step up energy security in Europe in the future, Kremlin Spokesman Dmitry Peskov said in a televised interview on Russia’s Channel One on Saturday. “Unconditionally, we are hoping that the project will be finalized …
Read More »Cut Methane Leaks to Survive in Low CO2 World
The natural gas sector must cut emissions of potent greenhouse gas methane to stay relevant in a low-carbon world, International Energy Agency senior energy analyst Christophe McGlade said Tuesday. Energy is the second largest source of methane emissions globally, with oil and gas operations responsible for around 82 million mt …
Read More »Gas Flow Halted Due to Turkey’s Lack of Cooperation
Iranian Oil Minister Bijan Namdar Zanganeh criticized Turkey's lack of cooperation on repairmen of the blasted Iran-Turkey natural gas pipeline.
Read More »Condensate Refineries Stymie US Anti-Iran Sanctions
Iran is in the brink of halting export of gas condensates and is instead going to process the ultra-light oil in its new refineries to produce higher-value chemicals, oil Minister Bijan Namdar Zangeneh said.
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