Turkey’s President Recep Tayyip Erdoğan has announced a fresh discovery of a new oil reserve in the country’s eastern region. “I’d like to share some fresh good news. We have discovered oil reserves with a production capacity of 100,000 barrels per day in Cudi and Gabar,” the president said on …
Read More »Iraq’s Giant Halfaya Gas Project may be Finished ahead of Time
News last week from Iraq Oil Ministry sources that the first stage of a gas processing facility at the Halfaya oil field is now expected to come online ahead by early 2024, ahead of schedule, is crucial for the country’s future in three respects. First, it will go some way …
Read More »Libya’s Natural Gas Exports Set to Slump due to Maintenance
Exports of natural gas from Libya to Europe are expected to be significantly lower this month compared to normal levels, due to a three-week maintenance program at the Mellitah Industrial Complex in the North African oil and gas producer. The Mellitah Industrial Complex will begin a total shutdown to start …
Read More »Turkmenistan Begins Exporting Gas to Pakistan via Afghanistan
Local authorities in Kandahar province say an international company has officially started exporting natural gas from Turkmenistan to Pakistan through Afghanistan. The Chamber of Commerce and Investment says that the route overland through Afghanistan is a lot shorter than the one the company previously used through Iran. By rerouting tankers …
Read More »Iran Raises Natural Gas Supply to Iraq by 3-4 Times
Iranian exports of natural gas to Iraq increased significantly in April compared to earlier this year, according to a regional oil and gas analytics firm. In a report published on Saturday, the MEES quoted as saying a senior official in Iraq’s Electricity Ministry that imports of gas from Iran for …
Read More »Europe’s Largest Gas Producer is Set to Nationalize its Gas Pipelines
Norway will nationalize all of its natural gas pipelines within the next five years, the country’s oil and energy ministry said on Friday. The nationalization plan would provide Norway with greater control over its critical infrastructure. Standing in the way of an immediate nationalization are existing concessions, which aren’t due …
Read More »World’s Largest VLGC Named and Delivered
Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has delivered the world’s largest Very Large Liquefied Gas Carrier (VLGC) to Singapore-based shipping and trading company Petredec. This marks a significant milestone for the shipbuilding industry, as the 93,000 cubic meter VLGC is the largest VLGC in the world. The …
Read More »Germany Doubles down on LNG Fearing another Gas Pipeline Attack
Germany looks to install one or two floating LNG import terminals at its largest island, Rügen in the Baltic Sea, as officials do not rule out further attacks on energy and gas pipeline infrastructure, sources with knowledge of the plans told Bloomberg on Thursday. Germany cannot rule out another attack …
Read More »U.S. Stresses Importance of LNG for Europe
Russian President Vladimir Putin belied that his invasion of Ukraine in 2022 would go largely unopposed by the U.S. and its allies for the same reason that he was able to invade the country in 2014 and annex Crimea. That is, that the non-U.S. part of the North Atlantic Treaty …
Read More »Gazprom’s Nomination for Gas Transit via Ukraine Steady at around 40 mcm
The European market is fairly balanced, with prices and renewable energy generation fairly stable. The only downside is the low level of gas injection into underground storage facilities, but the season for this has only just begun. UKRAINIAN TRANSIT Gas Transport System Operator of Ukraine, or GTSOU, has accepted a …
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