Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil demand is recovering from the greatest fall in its history in 2020, the International Energy Agency (IEA) said on Tuesday, but less flying due to coronavirus fears means the world will not return to pre-pandemic demand levels before 2022. “Our first forecast for 2021 as a whole shows demand …
Read More »Russia Overtakes Saudi Arabia to Become China’s Top Crude Supplier in April
China’s crude oil imports from Russia rose 17.7% year on year to 7.2 million mt or 1.76 million b/d in April, resulting in Russia overtaking Saudi Arabia to become the country’s top supplier in the month, latest data from China’s General Administration of Customs showed. Crude imports from Norway jumped …
Read More »40% Decline in Iran’s Trade with China
Iran’s commercial exchanges with China amounted to $5.26 billion during January-April to register a 40.6% decline compared with the 2019 corresponding period. As data from the General Administration of Customs of the People’s Republic of China show, Iran’s exports to China during the four months totaled $2.34 billion, indicating a …
Read More »Russia’s Yamal LNG Sends Early Shipment via Arctic Route
Russia’s biggest liquefied natural gas producer is sending the fuel across the Arctic to China more than a month earlier than usual as the ice that typically blocks the route thaws. The Christophe de Margerie, an ice-class vessel serving Novatek PJSC’s-led Yamal LNG project, departed from the production plant in …
Read More »U.S. Overtakes China as most Attractive Country for Renewables Investment
The United States has overtaken China as the most attractive country in the world for renewables investment and the global clean energy sector is expected to bounce back quickly despite the coronavirus pandemic, research showed on Tuesday. In an annual ranking of the top 40 renewable energy markets worldwide by …
Read More »China to Favor LNG over Piped Gas Imports
China is likely to favor liquefied natural gas (LNG) imports over pipeline gas supply until 2027, Fitch Solutions said on Monday. The super-chilled fuel will continue to be dominant over piped gas imports because of rampant expansion of domestic LNG import capacity. In addition, it will take the Power of …
Read More »Gazprom Considers Second Gas Pipeline to China
Russia’s Gazprom said Monday it was launching feasibility studies on constructing a second gas pipeline to China that would more than double the volumes it could deliver to the energy-hungry nation. “The objective is to connect the gas transportation infrastructure in the west and the east of Russia,” Gazprom chief …
Read More »China to Accelerate Underground Natural Gas Storage Tank Construction
China on Sunday released a guideline on developing the country’s western regions, ordering the construction of additional oil and natural gas production bases and underground tanks. The guideline urged to optimize supply and demand energy structure, increase the exploration and use of renewable energy, and build a multi-level natural gas …
Read More »CNOOC Unveils State-of-Art FPSO Vessel to Tap Oil, Gas Reserves in South China Sea
Chinese state-owned China National Offshore Oil Corporation (CNOOC) unveiled a home-grown floating production storage and offloading vessel, known as an FPSO, with the deepest working depth, at 420 meters underwater, on Friday. CNOOC said the vessel will help boost oil and gas exploration in the South China Sea. The 256-meter-long …
Read More »Promoting Non-Oil Export, Sole Way to Domestic Production
Iranian President Es’hagh Jahangiri said that promotion of export of non-oil commodities in the country is the sole way of booming domestic production.
Read More »