Hoping to develop the Northern Sea Route across the Arctic into an international shipping lane, Russia is building a group of icebreakers to be powered with liquefied natural gas. Russia already has the world’s only fleet of nuclear powered icebreakers but under president Vladimir Putin the objective is that its …
Read More »Japanese Plan to Push Renewables Rattles Global LNG Markets
Japan’s aggressive new plan to champion clean energy is shaking up the liquefied natural gas market that it helped pioneer 60 years ago. The country, the world’s top LNG importer, called for more renewables such as wind and solar to replace natural gas in a revised plan released last week. …
Read More »Russia Returns to Plans for First Batch of LNG-Powered Icebreakers
Reuters reports that top executives announced the news last week. The government has appointed Rosatom, Russia’s atomic energy corporation, as the state operator of the Northern Sea Route. Director general of Rosatom Alexei Likhachev said that by the end of the year a decision on the possible construction of two …
Read More »Iraq Is the World’s Second Top Gas Flaring Country
Only second to Russia, Iraq is among the top gas flaring countries in the entire world, the World Bank’s (WB) Gas flaring tracker report said. In the 2020 Gas flaring tracker report, the WB said that Iraq burns 70% of the total natural gas produced in the country, which was …
Read More »Iran Slashes Gas Supplies Feeding Parts of Iraq’s Electric Power Stations
The gas supply from Iran to neighboring Iraq’s electric power stations feeding the country’s southern and central parts was slashed by 19 million cubic meters per day, according to the local government. “The rates of Iranian gas being supplied to the production stations in the central regions and Baghdad have …
Read More »Over $9.5b Invested to Develop Gas Supply in 8 Years
Over the past eight years (the current government’s incumbency) some 400 trillion rials (about $9.523 billion) has been invested for the development of gas supply in Iran, IRNA reported on Saturday. As reported, the development of gas supply using the resources created through saving liquid fuel and also increasing the …
Read More »Nord Stream Resumes Gas Transport after Maintenance Completion
Gas transportation over two strings of the Nord Stream gas pipeline restarted after the 10-day shutdown for maintenance, according to data of Nel and Opal gas transport operators. Gas pumping over the pipeline was halted on July 13, and gas supplies restarted in the morning of July 23. Total capacity …
Read More »U.S. and Germany Reach a Deal on Putin’s Pipeline Project
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 …
Read More »99% Increase in Gas Extraction from South Pars Field
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, …
Read More »EU Court Says Russia should Limit Gas Supply to Europe
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 …
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