Gas

German Region Approves Creation of Fund to Bypass US Sanctions Designed to Stop Gazprom’s Vital Nord Stream 2 Gas Pipeline

The parliament of the German state of Mecklenburg-Vorpommern has voted to establish a fund to circumvent American sanctions preventing the construction of the Nord Stream 2, a gas pipeline that will connect Russia and Germany. When completed, it will run from Russia’s Leningrad Region, bypassing the Baltic States and Poland, …

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Iraq Waiting for Resumption of Iran Gas Supply

Iraq is still waiting for Iran to resume supplying the country with sufficient amounts of gas for power generation, after the US granted Baghdad a 90-day waiver to continue to import electricity from Tehran on Dec. 30. “The reason for power shortages in provinces is the continuing slashing of Iranian …

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US Forces Norwegian Firm to Abandon Nord Stream 2

A Norwegian firm that was meant to have provided technical and safety certificates for Russia’s gas pipeline to Germany has abandoned the project due to US sanctions. “DNV GL will cease all verification activities for the Nord Stream 2 pipeline system in line with sanctions and while sanctions are in …

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China’s Natural Gas Output to Surpass Oil Around 2025

China’s natural gas output is expected to surpass crude oil production around 2025, China National Petroleum Corp (CNPC) oil and gas exploration expert Zou Caineng said on Friday. Domestic natural gas output from CNPC, China’s largest producer, topped 130 billion cubic metres (bcm) in 2020, up 11.6 bcm from the …

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The Cleanest Fossil Fuel is Set for a Post-Pandemic Rebound

Liquefied natural gas traders anticipate a swift demand recovery in 2021 after a year in which the coronavirus pandemic prompted dramatic price swings. Colder weather in key importing nations, outages at major production hubs and congestion along global shipping routes already have combined to push spot prices in Asia to …

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