Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
ExxonMobil and Qatar Petroleum plan on drilling for gas in an offshore block towards the end of the year, Energy Minister Natasa Pilidou has said. In an interview with daily Politis, the minister said the two companies planned on drilling an appraisal well in block 10 where natural gas was …
Read More »Existential Threat to Natural Gas in Europe
It is ironic that at a time when natural gas is under existential attack in Europe, high prices are conspiring with those aiming for its demise. Even though such high prices are a temporary phenomenon, they are encouraging and hastening the switch to renewables. High gas prices in Europe are …
Read More »Europe Shifting Away from Natural Gas, Struggle Ahead for Cyprus
The expectation that Europe will be a market for East Med gas is becoming even more fanciful 2020 has been a difficult year for natural gas and LNG, with prices falling to rock-bottom as a result of the devastating impact of Covid-19 on the global economy. But even though recovery …
Read More »OPEC Says Demand for Oil will Flatten after 2030
World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits. The prediction from the Organization of …
Read More »East Med Pipeline Deal to be Reached Very Soon
Cyprus. Italy. Greece and Israel agreed last year to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean to Europe.
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