Gas

A US$12 billion (S$16 billion) liquefied natural gas (LNG) investment approved in Australia leads a wave of projects betting demand will rise as the world shuns more polluting alternatives like coal. The development of the Scarborough field, Pluto onshore processing facility and a 430km subsea pipeline led by Woodside Petroleum …

In a telephone conversation the Russian President and the Italian Prime Minister gave positive assessment to Russian-Italian relations, their constructive and mutually beneficial character, the Kremlin press service said in a statement MOSCOW, November 22. /TASS/. In a telephone conversation with Italian Prime Minister Mario Draghi, President Vladimir Putin confirmed …

Head of the National Iranian Gas Company (NIGC)’s Production Coordination and Supervision Management Ahmad Zamani said the consumption of natural gas in the country has exceeded the current production level, Shana reported. Speaking to the national TV on Monday, Zamani called on various sectors to manage their consumption during the …

Further investments in environment-friendly natural gas are essential to achieve energy equality for all parts of the world in a sustainable manner. This is of particular significance as the global economy moves from under the shadow of the coronavirus pandemic, which has resulted in shortage of gas in Europe and …

Asia is stocking up on liquefied natural gas (LNG) to avoid a repeat of last winter’s crunch when colder than usual temperatures sent 2020/2021 winter spot LNG prices to records. Now prices are even higher, but many Asian buyers are still on the spot market despite the expensive gas in …

LNG storage and reload activity is picking up in Southeast Asia, with at least two terminal operators offering third-party access to existing and proposed facilities. Petronas wants to add a new tank solely for storage and reload purposes at its Pengerang regasification terminal in Johor, Malaysia, and is seeking market …

Natural gas prices have spiked worldwide, with price surges most acutely felt in Europe. There are few short-term solutions to the problem, but recent gas flows from Russia have resulted in huge moves in the market, highlighting the enormous sway that Russia has over the gas market at the moment. …

Natural gas prices at the key European hubs jumped to three-week highs on Tuesday after Germany said it had suspended the process of certification of the Russia-led Nord Stream 2 gas pipeline. The German Federal Network Agency of Germany, Bundesnetzagentur, said it suspended on Tuesday the procedure to certify Nord …

Europe is set to get its first cold spell of the winter season, putting the continent’s already scant energy supplies under pressure. Temperatures are set to drop starting this week, with parts of Italy forecast to experience weather as much as 2 degrees Celsius below normal. Southern France, Spain and …

Head of the National Iranian Oil Company (NIOC) said on Thursday that developing the country’s North Pars gas field is going to add 100 million cubic meters (mcm) to Iran’s natural gas output, the portal of the Pars Oil and Gas Company (POGC) reported. Speaking in a meeting with the …