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Germany could resume the certification process for the Russia-led Nord Stream 2 natural gas pipeline in a few weeks, an analyst at a Moscow-based brokerage told Reuters on Monday after a call with senior executives at Gazprom. Last week, Germany said it had suspended the process of certification of the …

In a telephone conversation the Russian President and the Italian Prime Minister gave positive assessment to Russian-Italian relations, their constructive and mutually beneficial character, the Kremlin press service said in a statement MOSCOW, November 22. /TASS/. In a telephone conversation with Italian Prime Minister Mario Draghi, President Vladimir Putin confirmed …

Saudi Aramco said it will continue to look for investment opportunities in India as it provides tremendous growth opportunities over the long term, Bloomberg reported. “We will continue to evaluate new and existing business opportunities with our potential partners,” the giant oil company said, adding that it has a long-term …

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 …

The sharp rise in wholesale gas prices is spilling over into the oil market, with looming demand for electricity generation and heating likely to further spur the sector this winter. The spike in demand and consumption could lead the OPEC+ alliance of oil exporters, which meets in Vienna on Monday, …

The Middle East is the historic heartland of the global oil and gas industry. The region holds almost half of the world’s proven hydrocarbon reserves and, in 2020, it produced nearly one-third of the world’s oil. But the world’s energy sector is changing fundamentally and the region’s position at the …

High oil prices are a symptom of economic and monetary imbalances, not just a consequence of Organization of the Petroleum Exporting Countries (OPEC) decisions. Throughout history, we have seen how OPEC cuts have done little to elevate prices when diversification and technology added to rising efficiency. Likewise, OPEC output increases …

Further investments in environment-friendly natural gas are essential to achieve energy equality for all parts of the world in a sustainable manner. This is of particular significance as the global economy moves from under the shadow of the coronavirus pandemic, which has resulted in shortage of gas in Europe and …

China’s Sinopec has developed a steam-cracking technology to convert oil directly into high-demand petrochemical products such as ethylene and propylene, cutting costs and production times as well as significantly reducing carbon emissions. Could this be the low-carbon answer to petrochemical production, as the global need for these products keeps increasing …

Asia is stocking up on liquefied natural gas (LNG) to avoid a repeat of last winter’s crunch when colder than usual temperatures sent 2020/2021 winter spot LNG prices to records. Now prices are even higher, but many Asian buyers are still on the spot market despite the expensive gas in …