Gas

The IEA said 80 percent of the growth in demand expected between now and 2040 should come from emerging markets. China and India chief among them.

Sonatrach will boost discoveries to reach 100 million tonnes of oil equivalent per year.

Seven vessels had already left Iranian ports with their cargoes. while four have yet to depart or have yet to arrive at Iranian ports.

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Šefčovič’s statement from Brussels reiterated the need for continued. long-term transit of Russian gas through Ukraine to the EU that would be both reliable and commercially viable.

The length of TANAP is 1.850 kilometers with an initial capacity of 16 billion cubic meters of gas.

Russia’s next major liquified natural gas project is likely to be served by a fleet of domestically built vessels sailing under Russian flag.

The South Stream project was cancelled by Bulgaria following pressure from the European Union and the United States.

Europe has been very active in showing its support for gas transit revenue dependent Ukraine.

Condensate output is slated to reach 1 million barrels a day upon the launch of all phases of South Pars.