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OPEC chose veteran Kuwaiti oil executive Haitham al-Ghais to become the organization’s top diplomat, as the group and its allies navigate a delicate recovery from the pandemic. Al-Ghais – a multilingual technocrat whose three-decade oil industry career includes stints in Beijing and London – will become Secretary-General in August, taking …

Under the pessimistic scenario Ukraine may face gas import problems during this heating season and will have to siphon off Russian gas from the transit pipeline, the former head of the Naftogaz company, Andrey Kobolev, has said. “Ukraine is unable to do without considerable amounts imported gas in the first …

The U.S. was the world’s biggest exporter of liquefied natural gas last month for the first time ever, as projects ramped up production and deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December due largely to a jump in exports from the Sabine Pass and …

Deputy Oil Minister said that Iran will produce 141 million tons of petrochemicals before the termination of 7th Five-Year Socioeconomic and Cultural Development Plan in 2027, Trend reports citing Mehr. Morteza Shah-Mirzaei Deputy Oil Minister and Chief Executive of National Petrochemical Company (NPC) said on Monday in the first meeting …

The Organisation of Petroleum Exporting Countries (OPEC) and its allies are poised to revive more halted oil production when they meet on Tuesday (Jan 4) after giving a tighter outlook for global markets. The 23-nation alliance led by Saudi Arabia and Russia is on track to ratify another modest output …

Denmark’s government wants to drop fossil fuels in domestic air travel by 2030 in its most recent push to meet its climate targets. The Nordic country, which recently proposed to boost investments in the green hydrogen industry, wants the first domestic flights to use green fuel no later than in …

Korean battery maker LG Energy Solution (LGES) has opened the books to investors to raise up to $10.8 billion in the country’s largest initial public offering (IPO), according to a term sheet seen by Reuters. The shares will be sold in a price range of 257,000 won to 300,000 won …

The COP26 climate talks in Glasgow, Scotland, held through mid-November, provided a stage for fierce fights between the United Kingdom and other European nations and emerging economies and coal-reliant nations over the phaseout of coal power by 2040. Although Japan was also under strong pressure to make a commitment to …

After reaching around 124 billion cubic metres (bcm) this year, Fitch forecasts LNG import volumes to fall year-on-year up until 2025, hitting an annual low of 114 bcm that year, before growth flips back into positive territory. “Several factors are at play. On the one hand, demand growth – while …

Russian gas company Gazprom missed its own “conservative” target for 2021 exports to Europe, and those capped flows contributed to the continent’s worst energy supply crunch in decades. Gazprom delivered 185.1 billion cubic metres to its main clients abroad, including Turkey, China and the EU, excluding former Soviet Union nations …