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Head of National Iranian Gas Company (NIGC) has said Iran is the world’s fourth consumer of natural gas and the country’s gas consumption equals that of 12 European countries, Shana reported. “We are the third-largest gas producer in the world and the fourth largest consumer after Russia, the United States, …

The European Union will likely include natural gas in its energy transition plans as some member states that are heavily reliant on coal at the moment would need an “intermediary stage”, the head of the EU green deal team Frans Timmermans said, as quoted by Bloomberg. “We will have to …

The US Energy Department said November 12 that working gas storage levels are in line with historic trends, but this comes before winter weather is set to trigger a surge in demand. The US Energy Information Administration (EIA), part of the Energy Department, reported that gas storage levels were below …

Surging oil and natural gas prices are spurring production increases from West Texas to the Upper Great Plains that probably will lift output to levels not seen since the early days of the pandemic, according to Rystad Energy AS. U.S. shale-oil production is expected to reach 8.68 million barrels a …

Rosneft CEO Igor Sechin warned Nov. 12 of a potential super-cycle in oil and gas markets amid fears of a continued rapid growth in demand outpacing supplies. The warning comes as pressure mounts on the need to ease surging energy prices, with oil hovering near three-year highs and volatility in …

Repeating unconstructive allegations against Iran, the director-general of the International Atomic Energy Agency claimed that he needed to meet with senior officials to discuss a long list of issues related to the Islamic Republic’s nuclear program. “I have not had any contact with this government that has been there for …

Toyota Motor Corp said on Saturday it will partner with four other Japanese vehicle makers to explore the viability of alternative green fuels for internal combustion engine cars, including hydrogen and synthetic fuels derived from biomass. The companies, which in addition to Toyota include Mazda Motor Corp, Subaru Corp, Yamaha …

A new agreement involving nations, companies, and cities aims to eliminate fossil fuel vehicles by 2040, bringing the globe one step closer to abandoning gas-powered cars. The Glasgow Declaration on Zero Emission Cars and Vans, which was introduced at this year’s COP26 climate summit, is the first of its kind. …

Spearheaded by the governments of India and the UK, the first transnational network of solar power grids known as the Green Grids Initiative – One Sun One World One Grid (GGI-OSOWOG) has been launched. At the COP26 climate conference in Glasgow, the International Solar Alliance (ISA), India Presidency of the …

Royal Dutch Shell is currently committed to exploring in Africa for hydrocarbons and doing so fits the company’s purpose, its exploration manager for deepwater Africa Benjamin Mee said on Wednesday at an industry event. More than 80% of Shell’s exploration will be focused on core positions with an emphasis on …