Gas

Chevron last week reported a net profit of US$ 1.95 billion. up by an impressive 52 percent on the year.

The Economic Coordination Committee has already given the go-ahead for kicking off negotiations on gas import from Russia.

The gas to be received as part of TANAP'.s first phase has been included in Turkey’s gas demand report for the upcoming period.

China expects that gas demand will rise to between 320 and 360 billion cubic meters per year by 2020.

There are plans to increase Africa’s power generation to 30 GW by 2030.

Total has a 50.1 percent share in the 20-year deal. The state-owned China National Petroleum Corp. has a 30 percent stake and Iran’s Petropars has 19.9 percent.

The amount forms 8 percent of the world reserves. and 50 percent of the gas reserves in Iran.

The schema of the energy policy in Obama administration was a global scale plan for dealing with challenges of the energy scarcity.

The good news is that we know that global LNG demand will keep pace.

It will send Russian gas to Turkey with the first of its two lines. while the second line of the project will carry Russian gas to southern and southeastern Europe.