Gas

Speaking to reporters, Maros Sefcovic, the European Commission’s vice-president called the launch a “historic milestone” because this is “the first time ever” that the EU uses its “collective economic weight to increase our energy security and tackle high gas prices.” He explained that 77 European companies submitted requests for a …

Eni has begun offloading the first LNG cargo into Snam’s new regasification terminal in Piombino, in the presence of the Minister of the Environment and Energy Security, Gilberto Pichetto Fratin. The terminal has a total processing capacity of 5 Bcm per year, or approximately 7% of Italy’s gas demand. The …

Norway’s plan to nationalize natural gas assets includes more than just Gassled’s natural gas pipelines, new information revealed in a letter from the Norwegian energy minister showed on Friday. The surprise move to nationalize the country’s gas assets will also include other assets—including the Nyhamna processing plant. Last Friday, Norway’s …

Japanese investors will be supported to increase investment in natural gas projects in Mozambique as the Southeastern African country aims to develop giant offshore projects, Prime Minister Fumio Kishida said. Japan will encourage “the entry of more Japanese businessmen” in Mozambique, Kishida said on Thursday in the capital, Maputo. “Cooperation …

Gas production in Russia decreased by 10% to 180 billion cubic meters this year mostly from Gazprom’s declining capacities, the Kommersant business daily reported Wednesday, citing an unnamed source familiar with the data. State-owned gas giant Gazprom has classified its production statistics since the start of 2023. Kommersant’s source said …

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 …

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 …

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 …

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 …

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 …