Gas

An Iranian company won the contract for the development of Balal Gas Field in the Persian Gulf. a senior oil official said.

Gazprom controls 32 licenses in the region and resource estimates exceed 26 trillion cubic meters.

Spot gas prices in the EU have more than halved. falling from $250 per thousand cubic meters last autumn to $110-120 in summer 2019.

The National Iranian Oil Company (NIOC) will offer two million barrels of gas condensate at the international ring of the energy exchange (IRENEX) on September 11.

The first production unit at Arctic 2 LNG will come online by the end of the third quarter of 2023.

Iran’s export of Liquefied Natural Gas (LNG) to Afghanistan from the border crossing of Doqaroon has increased by 4 times in the past 5 months since the start of the local calendar year on March 21.

In total. Turkey imported 23.29 billion cubic meters of natural gas via pipelines and LNG terminals in the first half of 2019.

French energy giant Engie. Shell of the Netherlands. and two German companies. Uniper and Wintershall Dea. are all financing partners of the 9.5 billion euros project.

China last year and this year imposed tariffs on imports of the super-chilled fuel from the United States.