Gas

As the Russia-backed Nord Stream 2 natural-gas pipeline nears completion, likely by next month, the U.S. and Germany have struck a deal that would resolve their years-long dispute over the project, according to the Wall Street Journal. A draft proposal under consideration by Washington and Berlin, which was obtained by …

The gas extraction from the South Pars gas field reached 183 billion cubic meters in the last Iranian year (ended March 20, 2021), showing a 99 percent growth compared to around 92 billion cubic meters in 2013. The South Pars/North Dome field is the largest gas reservoir in the world, …

The Court of Justice of the European Union upheld on Thursday a lower tribunal’s ruling which had said that Russia’s access to the OPAL gas pipeline should be limited. The court case is a win for Poland against an appeal of the lower court’s ruling filed by Germany. The OPAL …

President Biden and Chancellor Angela Merkel agreed to disagree on the Nord Stream 2 gas pipeline project of Gazprom during Merkel’s visit to Washington. Per a Reuters report, President Biden said, “Good friends can disagree,” with regard to the pipeline, which the United States opposes with the argument that Russia …

Germany and the United States have advanced in negotiations on the Nord Stream 2 gas pipeline project, German Foreign Minister Heiko Maas said on Wednesday. “In recent weeks, a lot of preliminary work has been done, and I believe that our positions have become closer on many points”, Maas said, …

Qatar Petroleum (QP) has finalized a 20-year sale and purchase agreement to supply liquefied natural gas (LNG) to Korea. The agreement with Korea Gas Corporation (KOGAS) covers the supply of 2 million tons-a-year of LNG, QP said in a filing. Shipments will start by January 2025, and will be delivered …

Petropars says gas recovery from the Iranian side of the world’s largest gas field has reached 1.8 tcm. The Iranian giant company Petropars said in a statement Sunday that natural gas recovery from the South Pars gas filed had reached a total of 1.8 trillion cubic meters since production started …

Construction works under the Nord Stream 2 gas pipeline project may be finished already in August, Matthias Warnig, managing director of Nord Stream 2 AG, the project operator, said in an interview with the Handelsblatt newspaper on Sunday. “We believe that construction works will be over by the end of …

Qatar Petroleum (QP) on Wednesday entered into a long-term Sale and Purchase Agreement (SPA) with Shell for the supply of 1 million tons per annum (MTPA) of LNG to the People’s Republic of China for ten years. LNG deliveries will commence in January 2022 to various LNG terminals in China, …

Natural gas giant Qatar Petroleum predicted global demand for the fuel will continue to climb for almost two decades, making it far more optimistic than the International Energy Agency. QP expects consumption to grow at a rate of 1.5% a year, driven higher by economic growth and a broad shift …