Gas

Qatar'.s plan for a 64 per cent increase in LNG capacity is likely to intensify a global glut in the fuel.

The facility was formerly mothballed in 2021 when the plant became uneconomic to run.

Recently. POGC installed two platforms in the gas field which belong to the Phase 22-24 project.

Iran is currently producing 630 mcm d of gas from the joint offshore field.

The Nord Stream 2 gas pipeline operator sought permission for the construction of the pipeline from Denmark since April 2017.

The operator of phase 13 of the supergiant South Pars gas field said the remaining two platforms of the offshore project would be installed by the end of the current year.

The government is currently offering around $108 billion hidden subsidies and the correction in gas price will recover around $2.5 billion of objective-less subsidies.

Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei underlined his support for the government plan to increase the gasoline prices. but meantime. called on officials to prevent its impacts on other commodities'. prices.

The NIOPDC issued a statement. announcing new pricing for gas in Iran. adding that there will be no change in diesel and CNG prices.

The platform for the 23rd phase of South Pars field. as the second main platform of phases 22 to 24. was installed by HL-5000 vessel in the Persian Gulf.