Gas

Total signed a contract in 2017 to develop Phase II of South Pars field with an initial investment of $1 billion.

Gazprom said it hoped the European Commission would now act to eliminate the violations of free trade rules confirmed by the WTO.

The EU and US work to facilitate trade in liquefied natural gas (LNG).

Nearly 40 percent of Turkey’s electricity production is sourced with natural gas.

U.S. LNG exports only started in 2015. and sales to China were a booming business opportunity for the American natural gas industry.

Iran has imported natural gas from Turkmenistan since 1997 for distribution in the north of the country.

China is the third largest importer of US LNG.

Gazprom’s activities in the European gas market are underpinned by long-term contracts with oil-pegged prices and take-or-pay clauses.

The marginal cost of gas in transport is lower than that of oil-related fuels.

South Korea had the market share at 70% of the orderbook by cbm. followed by Japan (21%) and China (9%).