Gas

Saudi Arabia’s Gas Production Hits Record-High

Saudi Arabia has grown its natural gas production by 30 percent in a decade to a record 11 billion cubic feet per day (Bcf/d) in 2020, as the world’s top oil exporter targets to develop more stand-alone natural gas fields, the U.S. Energy Information Administration (EIA) said on Tuesday. Being …

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Turkey Hit by Unprecedented Power Outages as Iran Halts Gas Flows

Turkey is undergoing massive power cuts to industrial customers this week at an unprecedented level never seen before after the country’s natural gas supplies dipped following a disruption of imports from Iran. Major industrial zones and clusters and major production sites, including those of foreign car manufacturers, are being hit …

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EU Signals It’s on an Energy-Buying Spree

The European Union is in talks with its trading partners in search of viable options to increase supplies of natural gas to its member states, according to the bloc’s Energy Commissioner Kadri Simson. “The gas storage levels in the EU are significantly lower than usual at this time of the …

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European Union Fears Gas Supply Crunch

European Union Energy Commissioner Kadri Simson after a meeting with energy ministers of EU member-countries in Amiens in France on Saturday, said that the gas storage for this time of the year was less than usual, and announced that she will visit Washington and Azerbaijan next month to discuss the …

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China Looks to Resell LNG as World Grapples with Gas Shortage

China, the world’s biggest buyer of liquefied natural gas, kicked off an unprecedented effort to resell its supply, alleviating global fuel shortage fears that have sparked record prices this winter. Two of China’s biggest state-owned LNG importers released tenders this week offering to sell dozens of cargoes for delivery through …

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Kurdistan’s Gas Reserves are among the Top Ten in the World

The Kurdistan Region sits upon the world’s seventh-largest gas reserves-one rank behind Saudi Arabia, member of Kurdistan’s Parliament Ali Hama Saleh said on Saturday, citing the benefits of the Region’s future replacement of oil if exploited properly. “The Kurdistan Region, in comparison to the world’s countries, enlists as the seventh-largest …

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Qatar to Regain Its Top Slot in LNG Exports by 2026

Qatar is all slated to regain its position as the preeminent and largest exporter of liquefied natural gas (LNG) by 2026 with the North Field (NFE) output coming on stream, according to the latest Qatar Economic Outlook (QEO) Qatar’s LNG exports competed with Australia’s for the first place in 2020, …

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Arctic Cold Snap could Push U.S. Natural Gas Prices Higher

Forecasts of frigid temperatures later this month sent U.S. natural gas prices surging in the middle of last week to above $4.85 per million British thermal units (MMBtu)—the highest level since November. If the cold snap expected over the next two weeks holds and forecasts for additional Arctic blasts this …

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