Gas

Iran Rich Gas Output Hits 1.04 bcm/d

National Iranian Oil Company (NIOC) produces 1 billion and 40 million cubic meters of gas daily from 23 gas fields in the country, said a NIOC official. The director of production supervision of National Iranian Oil Company (NIOC) said that currently, NIOC produces 1 billion and 40 million cubic meters …

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Natural Gas Prices Set for a Sustained Rally in 2023

Despite the recent drop in natural gas prices in Europe thanks to unseasonably warm weather, the commodity is set to end 2022 with a significant overall gain. What’s more, per a Reuters report, gas investors could look forward to another strong year in 2023 as most signs point to a …

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Iran Adds 10 mcm/d to Gas Output by Plant Overhaul

The CEO of the National Iranian South Oil Company (NISOC) said that by the end of the NGL 1000 overhaul operations, 10 million cubic meters per day of gas was added to the gas production capacity of the country. According to NIOC, Alireza Daneshi said, “With the follow-up and emphasis …

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Turkey Announces Big Boost in Black Sea Gas Reserves

Turkey has upped the estimate of its natural gas reserves in the Black Sea by nearly a third, putting its total deposits at 710 billion cubic metres (bcm) in a boost to its aims of increasing its energy independence. Speaking after a cabinet meeting, President Recep Tayyip Erdogan said Turkey …

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Japan Signs New LNG Deals to Diversify Natural Gas Supply

Japanese firms have signed new long-term agreements to buy LNG from the United States and Oman as Japan looks to cater for its energy security and further diversify its LNG sourcing options. INPEX Corporation, the major gas firm in Japan, announced on Monday a long-term Sales and Purchase Agreement with …

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Decision on Gas Hub in Turkey to be Made in 2023

Gazprom is actively working with Turkiye and other market participants on the gas hub in the republic, Russian Deputy Prime Minister Alexander Novak said in an interview aired by the Rossiya-24 TV news channel on Friday, adding that the decisions on the hub would be taken in 2023, TASS reports. …

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