Gas

The equity in gas markets are sending a clear message to operators to cut growth to maintenance levels and someone need to go further than that.

The National Iranian Gas Company (NIGC) said that the gas case between NIGC and Türkmengaz Company was still being considered in the International Court of Arbitration.

Iran has won the first phase of the legal proceeding at the International Court of Arbitration (ICA) over the quality and price of gas it received from Turkmenistan in 2007. an informed source said.

Managing Director of Iranian Gas Transmission Company (IGTC) Saeed Tavakkoli announced that the country'.s experts have managed to repair the German-made Siemens gas turbines using indigenized know-how.

The first de-mercaptanization unit of South Pars Phase 2 and 3 Refinery has so far gained 78 percent progress and will come on stream by the end of the current Iranian calendar year to March 2020.

The announcement comes as Centrica reported a pre-tax loss of £446m in the first six months of 2019.

Over the past two years. Iran provided credible evidence to the court which proved that Turkmenistan was not allowed to cut off gas supplies. thus it has to pay compensations to Iran.

LNG from the United States accounted for 7% of China’s total LNG imports in the first six months of 2018.

A senior official at the National Iranian Gas Company (NIGC) said that the country has given an ultimatum to Pakistan to pave the ground for imports of gas from Iran as undertaken in an earlier contract.

The Nord Stream 2 pipelin is opposed by the EU institutions and some EU members.