On the back of developing political and economic relations between Qatar and Turkey, the LNG-rich Gulf state has been a growing market for Turkish contractors since 2014, an official of a Turkish consultancy firm has said. Citing data by Engineering News Record, Cigdem Ulug Kutlu, partner Shedu Consulting & International …
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The Iraqi Minister of Electricity, Majid Hantoush, arrived on Saturday in the Iranian capital, Tehran, on an official visit. According to the official Iranian news agency “IRNA”, Hantoush met with the aide of the Minister of Energy, Humayun Haeri. The two sides reviewed ways to expand bilateral cooperation in the …
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Iraqi Electricity Minister Majid Mahdi Hantoush expressed hope that his country could reach an agreement in upcoming negotiations with the Islamic Republic of Iran to increase gas imports. He announced that a delegation from the Iraqi Electricity Ministry will travel to Tehran next week to hold talks with Iranian officials …
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Just as liquefied natural gas (LNG) spot markets in the Asia Pacific were gaining momentum, headwinds from the Covid-19 pandemic are again causing problems for suppliers of the super-cooled fuel. The trouble for markets comes with the dramatic coronavirus surge in India. It has a knock-on effect of curbing power …
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Turkey ranked third in the world after China and India with an annual growth of 1.3 million tonnes in LNG imports in 2020, according to the latest report of the International Group of Liquefied Natural Gas Importers (GIIGNL). China ranked first with imports of 7.2 million tonnes last year followed …
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Global EV sales grew 41% last year, but must accelerate even faster to meet climate and energy goals, the International Energy Agency said Thursday. Under current trends, 145 million EVs, including cars, trucks, and busses, will be on the world’s roads by 2030, approximately 7% of the total fleet. That …
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The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States climbed to 270 thousand bpd. EIA stated in a report, “The United States oil exports recorded 5,728 thousand bpd in the fourth week of April.” The top three source countries of U.S. import …
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Europe’s major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursday, putting the worst of the pandemic era slump in fuel demand behind them. Last year’s demand collapse forced BP, Royal Dutch Shell and Equinor to slash their dividends and preserve …
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The company behind Saudi Arabia’s $500 billion NEOM megacity project on Thursday revealed plans to develop an assembly plant to build up to 10,000 hydrogen fuel cell-powered commercial vehicles a year. The initiative is part of an agreement between US-based Hyzon Motors, an expert in the supply of zero-emission hydrogen …
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The European Parliament suggests halting oil and gas purchases from Russia and disconnecting it from SWIFT in case of “invasion in Ukraine.” Such statements are contained in the final draft resolution on Russia posted by the European Parliament on Thursday. The European Parliament “underscores if such a military build-up were …
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