Gas

The Undersecretary of the Iraqi Oil Ministry, Basim Mohammed Khudair, stated on Saturday that Iraq will benefit from all available associated gas and achieve self-sufficiency in gas by 2030, the Iraqi News Agency (INA) reported. Khudair also indicated that foreign companies expressed their desire to invest in associated gas-related projects. …

China National Petroleum Corporation (CNPC) has started drilling an ultra-deep well with a designed depth of 10,520 meters (6.5 miles) in the Sichuan province, news agency Xinhua reports. The ultra-deep well is targeting natural gas and is located in the northwest of the Sichuan Basin. There are multiple sets of …

European natural gas declined as recovering fuel flows from Norway eased supply concerns, with investors becoming more bearish again. Benchmark Dutch futures fell as much as 6.2% with Norwegian supplies rising back to April levels early on Thursday, according to grid data. Shipments from the Nordic country, Europe’s top gas …

Australia’s liquefied natural gas buyers fear that recent policy changes to safeguard domestic resources and reduce emissions could limit exports, according to the nation’s top seller. LNG buyers, including Japanese companies, told Woodside Energy Group Ltd. earlier this month that they are worried about future supply, said Chief Executive Officer …

Japanese Prime Minister Fumio Kishida agreed to strengthen energy ties and economic cooperation with major gas producer Qatar on Tuesday, the final leg of a Gulf tour that has focused on securing energy supplies and promoting Japanese high tech. Kishida, who has been urged by Japan’s gas lobby to secure …

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 …