Gas

Iran started gas production from its first infill well at South Pars, the country’s largest gas field in the Persian Gulf, increasing supply to meet growing energy demand. Touraj Dehghani, CEO of the state-run Pars Oil & Gas Company, announced that the newly launched well, located in Phase 12 of …

While the slowdown in U.S. oil production continues, rallying natural gas prices are setting the stage for a rebound in America’s gas output this year, following months of output curtailments in 2024. Slowing natural gas production last year, fast-depleting inventories during the coldest winter in years, and record-high flows to …

Liquefied natural gas imports to China slumped to the lowest since 2020 in February, at 4.5 million tons, Kpler data showed, as reported by Bloomberg. A relatively warm February contributed to the weaker demand, which led to China slipping to the global number-two spot in LNG imports, overtaken by energy-hungry …

The premium of natural gas for delivery in Europe this summer over the futures prices for next winter has plunged in recent days amid milder temperatures and talks on ending the war in Ukraine. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, slumped by 3.7% for the …

Europe has been importing growing volumes of liquefied natural gas from Russia and should consider replacing these with supply from other sources, including Qatar, according to Fatih Birol, Executive Director of the International Energy Agency (IEA). “Europe has been importing a lot of Russian LNG to help its economies,” Birol …

Turkey will look to negotiate an extension to a five-year swap agreement to receive natural gas from Turkmenistan, Turkish Energy Minister Alparslan Bayraktar told local daily Hürriyet on Tuesday. Two weeks ago, Bayraktar announced that Turkish state firm BOTAS and Turkmenistan’s Turkmengaz signed an agreement to supply gas from the …

Major LNG buyers in Asia are seeking lower prices for Qatar’s new long-term supply than the Gulf exporter is offering, complicating negotiations over offtake volumes from the massive Qatari expansion projects, sources familiar with the talks have told Bloomberg. Qatar has a huge expansion program underway to boost its export …

India’s natural gas import bill surged 17.2% to $12.9 billion during April–January of the current fiscal, compared to $11.0 billion in the same period last year, driven by rising consumption, according to data from the Petroleum Planning and Analysis Cell (PPAC). In January alone, the import bill increased by 8.3% …

The new U.S. federal government, unlike the last one, is a big fan of liquefied natural gas. It is an even bigger fan of cementing the country’s top position as LNG supplier to the world. Yet while this may seem easy enough, it is actually fraught with challenges. The two …

Natural gas will play a critical role in the global energy transition, serving as a bridge fuel between coal and renewables, according to a new report from Wood Mackenzie. Despite concerns over emissions and affordability, gas is expected to remain a key part of the energy mix for decades, particularly …