Gas

Earlier this month, the price of natural gas in Europe spiked by as much as 40% on the news that gas platform workers in Australia may launch industrial action. The strike could affect a tenth of global LNG, media reported last week, which would send prices higher. Indeed, the very …

The managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) announced about the increasing trend of Iran’s liquified petroleum gas (LPG) export. Making the remarks in a press conference on Saturday, Jalil Salari said that currently, about five billion liters of liquid fuel have been stored in …

Iran has invested the equivalent of $1.35 billion in its natural gas sector in the two years to July this year, according to the CEO of the National Iranian Gas Company (NIGC). Majid Chegeni said on Monday that Iran had spent some 680 trillion rials to expand its natural gas …

Ukraine has warned Austria that it does not plan to extend the gas transit contract, DW economic expert Andriy Gurkov said. He notes that the Ukrainian route mainly serves Austria, with some small gas volumes that ship to Hungary and Italy. Therefore, the Austrian OMV company has already reserved transit …

French supermajor TotalEnergies was forced to shut down a unit at its 225,000-barrels-per-day refinery at Port Arthur in Texas due to a leaky pump, adding to other refinery outages that have pushed U.S. gasoline prices higher in recent days alongside the rise in crude oil prices. Total’s U.S. unit of …

Qatar’s government plans to increase LNG export capacity and natural gas production through a major expansion in the North Field, Qatar, is expected to be completed by 2028. Expanded North Field natural gas production is expected to offset declines from mature fields and will increase overall natural gas output in …

In Stoke-on-Trent, three hours north of London, traditional English potteries were among the businesses hit hard by soaring energy prices last year. Scrambling to protect their key industries, Britain and other parts of Europe quickly devised plans to keep energy-intensive manufacturers afloat, and pledged to push harder to develop alternatives …

Iranian Minister of Petroleum Javad Owji stressed that the Islamic Republic of Iran always supports the amicable settlement of border and maritime disputes, including those over the Persian Gulf Arash gas field with its neighbors. Owji made the comments on the sidelines of a meeting to review plans and projects …

Germany’s largest integrated Bio-liquefied natural gas (Bio-LNG) is set to begin production after the successful completion of conversion and assembly work at the BioEnergie Park Güstrow in Mecklenburg-Western Pomerania. The work involved project operator EnviTec Biogas connecting a 300,000-litre liquefied carbon dioxide (LCO2) tank to the plant. The raw biogas …

European natural gas prices rose for a fifth day, the longest streak since April, as outages tighten global supply while heat blankets parts of the region. Benchmark futures advanced as much as 5.2% on Wednesday, signaling that a bullish trend is taking hold after prices slipped in the first half …