Gas

Moscow and Kiev have signed a five-year contract on the Russian natural gas transit to Europe via the territory of Ukraine. Ukrainian President Vladimir Zelensky said.

The Russian Energy Minister expects the EU to remain the primary buyer. with an estimated 325 bcm going towards Europe.

The giant reservoir is being developed in 24 phases.

The last offshore platform belonging to Phase 14 of the South Pars Gas Field has been loaded at the yard of Iran Marine Industrial Company (SADRA).

Qatar'.s first condensate refinery. Laffan Refinery. started production in September 2009.

The new project will send gas via a 200-km pipeline to Russia and produce 6.2 million tons of LNG a year.

The country has a nameplate capacity of 88 million tonnes.

Majority stakeholder Gazprom has indicated it'.s already taken measures to complete the project while circumventing the US measures.

The operation to extract natural gas from the third platform of Phase 14 of Iran’s giant South Pars gas field started off on Wednesday night. an official announced.

The completion of the project would be ``stretched`` by several months because of the sanctions.