The Netherlands is working with Germany on a new terminal for liquefied natural gas (LNG) near Hamburg. Finance Minister Sigrid Kaag said she hopes the terminal will help secure the European gas supply, among other things. A letter of intent about the collaboration between the two countries was signed on …
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European natural gas soared to a fresh record as the U.S. said it was considering curbs on imports of Russian oil, a move that would add to supply fears across all energy markets. Dutch front-month gas, the European benchmark, jumped as much as 17% to an unprecedented 225 euros a …
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CEO of the National Iranian Oil Company announced that Iran and Iraq have signed a contract for developing the ‘Sohrab’ joint oil field. Mohsen Khojasteh-Mehr said the contract for developing the ‘Sohrab’ joint oil field with Iraq in Khuzestan Province was signed to produce 30,000 barrels per day and also …
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The US is seeking to ease oil sanctions on Venezuela as part of a broader US strategy to temper oil prices that have skyrocketed due to Russia’s operation in Ukraine, according to people familiar with the matter. US and Venezuelan officials discussed the possibility of easing oil sanctions on Venezuela …
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The German state bank KfW and the Dutch utility Gasunie have signed a memorandum of understanding (MoU) on the construction of the first LNG terminal in Brunsbüttel, Germany. Citing the important role of gas as a transition fuel, Germany’s Minister for Energy and Climate Protection Habeck said the goal was …
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The U.S. and its European allies are discussing a possible ban of Russian oil imports to tighten the economic squeeze on President Vladimir Putin over the war in Ukraine, Secretary of State Antony Blinken said. President Joe Biden’s administration, wary of pushing up energy prices for Americans, faced further pressure …
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Iran’s permanent representative to the Vienna-based International Organization Mohammad Reza Ghaebi said on Sunday that a new report by the IAEA has removed one of the Iranian locations under question from the list of remaining issues. The new report, issued by IAEA Director-General Rafael Grossi, is due to be read …
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A new capacity allocation process of 2,787 megawatts in the field of wind and solar energy was completed, head of Turkey’s Energy Market Regulatory Authority (EPDK), Mustafa Yılmaz said Saturday. “We will jointly implement a renewable energy investment of $5 billion in 1.5-2 years at the latest,” he said. A …
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A high-ranking Iraqi delegation is due to visit Tehran next week to discuss settling the country’s gas dues and resuming the imports of natural gas from Iran, Iraqi news portal sotalIraq.com quoted the spokesman of Iraq’s Electricity Ministry as saying. As ISNA reported on Sunday, Ahmed Musa said that a …
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The director-general of the International Atomic Energy Agency said that the IAEA and Iran are developing a more cooperative relationship in order to resolve what he called open issues with Iran. “We are moving into a more cooperative relationship, things are moving toward a better atmosphere,” he said at the …
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