Iran expects to export as much as 2.5 million b/d of crude after the removal of US sanctions as the third round of talks between Tehran and some signatories to the nuclear agreement concluded in Vienna amid hopes of Washington removing oil sanctions on Tehran. “Oil sales have dropped much. …
Read More »Europe’s First Big Hydrogen Hub
Hydrogen, produced without carbon emissions, will find use in many sectors of a future ‘hydrogen economy.’ Its high energy intensity can make it the basis of fuels that reduce carbon emissions in the ‘hard to abate’ transportation and industrial sectors. Its unmatched capacity to store energy long term and seasonally …
Read More »Qatar Is Growing Market for Turkish Contractors
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 …
Read More »Iraqi Electricity Minister Seeks Energy Cooperation with Iran
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 …
Read More »Iraq Hopes to Increase Gas Imports from Iran
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 …
Read More »Covid Lockdowns in India and Japan Slow LNG Momentum
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 …
Read More »Turkey Ranks 3rd Worldwide with LNG Import Rises in 2020
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 …
Read More »IEA: EV Sales Growing, but Need Support to Grow Even Faster
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 …
Read More »Iraq’ Oil Exports to the United States Climbed in the Fourth Week of April
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 …
Read More »Europe’s Oil Giants Put Pandemic Blues behind as Earnings Surge
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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