Gas

Natural Gas Consumption Exceeds Production Level, Warns NIGC

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 …

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Southeast Asia Steps Up LNG Storage and Reload

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 …

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Russia’s Role in Europe’s Gas Crisis

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. …

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Germany Suspends Nord Stream 2 Certification

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 …

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Iran Consumes Natural Gas Equal to 12 European Countries

Head of National Iranian Gas Company (NIGC) has said Iran is the world’s fourth consumer of natural gas and the country’s gas consumption equals that of 12 European countries, Shana reported. “We are the third-largest gas producer in the world and the fourth largest consumer after Russia, the United States, …

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EU Softens towards Natural Gas in Energy Transition

The European Union will likely include natural gas in its energy transition plans as some member states that are heavily reliant on coal at the moment would need an “intermediary stage”, the head of the EU green deal team Frans Timmermans said, as quoted by Bloomberg. “We will have to …

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