Gas

Any sanctions against the project would be illegal and unacceptable. the Kremlin stressed .

The average price of Iranian oil since the beginning of the current year has been over 66 dollars per barrel.

Iran is currently producing roughly 830 mcm d of natural gas of which 45 mcm d is exported to Iraq and Turkey.

For Russia. gas is a mechanism of political impact and a source of huge corruption.

The South Asian giant consumes almost 22 million metric tonnes a year of liquefied natural gas.

CNOOC. parent of CNOOC Ltd. is China’s largest operator of LNG import terminals.

The construction of the Nord Stream 2 gas pipeline will improve the European energy security.

Egypt’s cabinet approved the $105 million deal to explore the North Sinai region of the Mediterranean Sea in March.

The Nord Stream 2 pipeline is expected to come into service at the end of 2019.

LNG is progressively taking a larger share in global gas trade. especially in Asia.