CEO of National Iranian Gas Company Hassan Montazer Torbati said on Tuesday that Iran’s gas export has made 100 percent growth in 8-year term of the incumbent Government with 18b cubic meters export in the current year compared with 9b cm export in 2013. Torbati made the remarks in an …
Read More »Global LNG Demand Expected to almost Double by 2040
Global liquefied natural gas (LNG) demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook. Demand was 360 million tonnes last year, up slightly from 2019’s 358 million tonnes, despite volatility caused by lockdowns during the coronavirus pandemic. …
Read More »GECF: Asia with 71% of Global LNG Imports to Remain Largest Regional Market
The gas market will progressively become more interconnected and less regionalised due to the projected extension of total gas exports; GECF said and noted the Asian LNG market, with 71% of global LNG imports, will remain the largest regional market. The share of traded LNG will increase to approximately 48% …
Read More »US to Continue to Monitor Nord Stream 2 Activity, Sanctions ‘Applicability’
The US remains on standby to impose sanctions against companies involved in completing the Nord Stream 2 gas pipeline from Russia to Germany, while diplomatic efforts to reach a compromise over the controversial project continue. White House press secretary Jen Psaki said late Feb. 16 in a briefing that Washington …
Read More »Turkish Energy Minister: “A Natural Gas Futures Market will be Opened this Year”
According to the Turkish Daily Sabah, Fatih Donmez was speaking on Turkey’s efforts to ensure energy supply security and strengthen its place in energy markets in order to provide itself with better bargaining opportunities, at the 7th Southern Gas Corridor Advisory Council meeting. The launching of the Natural Gas Futures …
Read More »Gazprom’s Exports to Europe Fell by 12% in 2020
Russian energy giant Gazprom on Monday (15 February) announced a drop in its exports to Europe in 2020, when prices and demand in the energy industry collapsed due to the coronavirus pandemic. Gazprom, which includes Turkey in Europe, said its European exports fell by 12.1% in 2020 year-on-year, down to …
Read More »Sanctions are Only One of many Tools US has against Nord Stream
The US administration is continuing to monitor the implementation of the Nord Stream 2 gas pipeline project US Department of State Spokesperson Ned Price said at a briefing for reporters on Friday. He added that unilateral sanctions are only one of among many important tools Washington has. “We are continuing …
Read More »Rystad Energy: Qatar on Track to be World’s Largest LNG Producer
Qatar’s move to sanction the $28.7bn North Field Expansion project puts the country on track to return as the world’s largest LNG producer by 2030, the Oslo, Norway-based Rystad Energy has said in a report. Qatar’s liquefaction capacity will rise to 110mn tonnes per year (tpy), or 18% of the …
Read More »Qatar Approves World’s Largest LNG Project
Qatar Petroleum took this week the final investment decision to build what it says would be the world’s largest liquefied natural gas (LNG) project in terms of capacity, as the tiny Gulf nation and top global LNG exporter aims to raise its annual production by 40 percent by the end …
Read More »Qatar Hires Builders for $29 Billion LNG Expansion Project
Qatar Petroleum selected Chiyoda Corp. and TechnipFMC Plc for the main construction contract to expand its liquefied natural gas production capacity by 43%. Qatar’s energy minister and QP Chief Executive Officer Saad Al-Kaabi signed the agreement, worth about $13 billion, with the two companies at a ceremony in Doha on …
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