Gas

The allocation of the $13-billion credit line by South Korea to Iran would open the way for Japanese and European banks to do the same with the country.

Qatar. the world'.s biggest exporter of LNG. faces competition from Australian and U.S. producers.

Washington has long been arguing for the geopolitical importance of LNG exports to Europe.

New Delhi is keen that the gas from the field comes to India to feed the vast energy needs.

Poland'.s state-run PGNiG. which has indicated it would book most of the pipeline'.s capacity. said it would place bids in the next six weeks.

The Samcheok LNG facility currently operates nine 200.000 kiloliter LNG storage tanks.

Pakistan is suffering from severe energy shortage and it is among oil and gas importing countries.

Thirty-nine countries imported LNG in 2016. up by four from the previous year. with 70 percent of world consumption in Asia.

As natural gas prices rebound from last year’s historic lows. output from the Marcellus shale basin in the U.S. East and the Permian reservoir in Texas is driving a rebound in America’s production of the fuel.

EU gas consumption increased sharply by 30 bcm. or 7.1 percent - the fastest growth since 2010. Russia saw the largest drop in consumption of any country (-12 bcm).