Gas

The EU and Japan agreed July 18 to strengthen their energy cooperation by establishing an EU-Japan energy security dialogue on global LNG “architecture.” In a statement, the EU said the dialogue would see collaboration on a global “early warning” system to help pre-empt possible supply shocks and ensure global LNG …

Current investments in gas infrastructure are falling short of what is needed, officials at an industry conference in Japan said on Wednesday, citing the role they say the fuel has to play in both global energy security and the transition to net zero. Big producers have in recent years promoted …

The European gas market still faced “major uncertainties” ahead of winter and a full halt to Russian gas flows could reignite tension, said the International Energy Agency (IEA). “Fierce competition for gas supplies could also emerge if northeast Asia experiences colder than usual weather and economic growth is stronger than …

Japan plans to propose a global stockpile for natural gas, similar to the emergency reserve in the oil sector, to help avoid future shortages and stabilize prices. The nation’s government will suggest that the International Energy Agency should create a gas stockpiling framework for member nations, according to people familiar …

Europe’s natural gas stockpiles are at elevated levels and on track to be full sooner than planned. This gives governments and industries confidence that last year’s energy crisis will not be repeated. The benchmark natural gas prices are one-tenth of the records seen last summer when Russia slashed pipeline supply …

Azerbaijan’s promise to double its annual gas exports to Europe by 2027 may be a step closer to realization with the news that BP has found new gas reservoirs beneath its existing Azeri–Chirag–Gunashli oil field (ACG) in the Caspian Sea. BP has confirmed to Eurasianet that the appraisal well it …

Qatar this year will sign record volumes of long-term liquefied natural gas (LNG) offtake contracts, the country’s energy minister said on Tuesday at a conference in Vancouver. About 40% of new global LNG output will come from Qatar by 2029, said Minister of Energy Saad al-Kaabi at the LNG 2023 …

Iraq will begin trading crude oil for Iranian gas to end the recurring issue of payment delays to Tehran due to the need for US approval, Iraqi Prime Minister Mohammed Shia Sudani said on Tuesday (July 11). He said Iran had cut gas exports to Iraq by more than 50% …

India has initiated exploratory talks with Iraq to assess the possibility of building facilities to liquefy natural gas that is flared at the West Asian country’s oil and gas facilities, and transporting it as liquefied natural gas (LNG) to India, a senior government official said. The proposal came up during …

Iran’s state-run Petropars company has awarded a contract for the construction of a large platform that will be installed at the Belal gas field in the Persian Gulf near the maritime border with Qatar. In a ceremony on Sunday, the Iranian Offshore Engineering and Construction Company (IOEC) won the contract …