Gas

Pars Oil and Gas Company (POGC), a subsidiary of the National Iranian Oil Company, has started drilling operations at the South Pars gas field in the Persian Gulf in search of new hydrocarbon reserves. The Pars Oil and Gas Company stated that the drilling of the new well was part …

Russian LNG exporter Novatek has signed a cooperation agreement with Vietnam’s PetroVietnam on developing potential liquefied natural gas (LNG) and power projects in the southeast Asian country. The agreement was struck during Vietnamese president Nguyen Xuan Phuc’s visit to Moscow, where he held a meeting with Novatek chairman Leonid Mikhelson …

Turkey intends to produce up to 40 million cubic meters of gas per day from fields in the Black Sea, President Recep Tayyip Erdogan said. “We hope to use the Black Sea gas from January 2023. It is planned that at the first stage 10 million cubic meters of gas …

Southeast Asian regional LNG imports are roughly 500,000 tons higher through the first ten months of 2021 than 2020 over the same period with most of the increase driven by Thailand where domestic production is falling rapidly. On the other hand, imports for Indonesia, Malaysia and Singapore are lower thus …

The reserves in European underground gas storage facilities currently equal 75.5 bln cubic meters, which is 15 bln cubic meters below the average level, department head of Gazprom Export, the export arm of the Russian gas holding Gazprom, Andrei Zotov told a telephone conference on Monday. “As for today’s total …

China’s largest natural gas storage, Hutubi gas storage under China National Petroleum Corporation (CNPC) in Northwest China’s Xinjiang Uygur Autonomous Region, began to supply gas to the West-East Gas Pipeline on Friday, further ensuing the country’s stable gas supply during winter and spring. Entering November, northern Xinjiang was hit by …

Greece and Egypt have signed a memorandum to expand cooperation in the LNG sector and consider building a gas pipeline between them, the Greek energy ministry reported on November 25. Egyptian gas production has soared in recent years on the back of the development of the Zohr field and other …

Germany’s new government will have to “take another look” at the controversial Nord Stream 2 gas pipeline because it’s a “strategic project” aimed at putting Ukraine under pressure, the incoming German vice-chancellor has claimed. Speaking to Munich-based daily Süddeutsche Zeitung, Robert Habeck explained his belief that the pipeline was “never …

European natural gas futures rose on Tuesday after the U.S. imposed its latest sanctions aimed at Russia’s Nord Stream 2 pipeline, a move the Kremlin says is “illegal.” Crude’s rise, in response to plans by the U.S. and other oil-consuming nations to tap their strategic reserves, also gave natural gas …

Russia on Tuesday said further sanctions imposed by the United States related to the Nord Stream 2 gas pipeline were “illegal and wrong,” especially at a time when Moscow and Washington are attempting to rebuild a dialogue. The United States has imposed further sanctions in connection with the Nord Stream …