The Iraqi Oil Minister, Ihsan Abdul-Jabbar Ismail, stressed the need to increase investments and support projects to develop the gas sector to meet the growing need for clean fuels in global markets. This came on the sidelines of his participation in the work of the World Energy Forum week in …
Read More »China Raises Coal and Gas Imports to Counter Energy Crisis
China’s energy crunch pulled in more coal and gas imports in September, as buyers scrambled to ensure adequate supplies to counter a deepening power shortage ahead of peak winter demand. Coal purchases rose 17% on the month to 32.9 million tons, the highest total this year, according to the customs …
Read More »Putin Denies Using Gas Supply as Weapon to Put Squeeze on EU
Russian President Vladimir Putin said Russia was not using gas supply as a weapon and was ready to help ease Europe’s energy crunch as the EU called an emergency summit to tackle skyrocketing prices. Energy demand has surged as economies have rebounded from the pandemic, driving up prices of oil, …
Read More »First String of Nord Stream 2 almost Filled with Gas
Filling of the first string of the Nord Stream 2 gas pipeline with gas will not take a lot of time and it has been almost completely filled already, Chairman of the Energy Committee of the State Duma, the lower house of the Russian parliament, Pavel Zavalny told TASS on …
Read More »Russia’s Gazprom to Launch Gas-Based Hydrogen Project
Russian gas giant, Gazprom, said it signed an agreement with Russian “of intent on hydrogen energy” aimed at technologies for hydrogen production with natural gas processing. “Alexander Novak, Deputy Prime Minister of the Russian Federation, and Oleg Aksyutin, Deputy Chairman of the Management Committee – Head of Department at Gazprom, …
Read More »Putin: $100 Oil is Quite Possible
It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on a CNBC panel at the Russian Energy Week on Wednesday. Asked by CNBC’s Hadley Gamble whether the U.S. benchmark could hit …
Read More »IEA: Energy Transition to Renewable Energy Too Slow
A global transition to “clean energy” is still far too slow to meet climate pledges and risks fueling even greater price volatility, the International Energy Agency (IEA) said yesterday. “We are not investing enough to meet future energy needs and the uncertainties are setting the stage for a volatile period …
Read More »IEA Calls for Commitments at COP26 to Reach Net-Zero
With the pathway set out in its Roadmap to Net Zero by 2050 – published in May – providing an integral part of the analysis, the IEA says the WEO 2021 is designed to serve as a handbook for the COP26 climate change conference in Glasgow “at this vital moment …
Read More »Oil Consumption to Reach Its Peak after 2025
The global demand for oil will eventually start to decline in the long-term perspective under any scenario of de-carbonization of national economies, the International Energy Agency (IEA) said in its World Energy Outlook 2021, obtained by TASS. The report offers three basic scenarios for the global energy sector, with various …
Read More »Qatar Petroleum Rebrands as QatarEnergy to Reflect Energy Transition Goals
In a press conference, the Minister of State for Energy Affairs and QatarEnergy’s CEO Saad Sherida al-Kaabi revealed the brand name and the logo. Al-Kaabi said: • This follows a historic evolution that saw Qatar Petroleum Company (QPC) transform into Qatar General Petroleum Corporation (QGPC), then becoming Qatar Petroleum (QP), …
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