Tag Archives: Natural Gas World

China imported 43.9mn tonnes of LNG during the January-July period, marking an 11.8% increase compared to the previous year, according to data published by the customs department on August 18. In July alone, LNG imports totalled 5.9mn tonnes, representing a 1.1% year/year increase. China’s pipeline gas imports during the January-July …

Japanese companies foreseeing a growing surplus in stocks of liquefied natural gas (LNG) as their demand for the fuel wanes in coming years, are scrambling to invest in regional markets to provide potential outlets to sell the gas. As more nuclear plants restart and renewable energy gains momentum, Japan’s LNG …

Brazilian state-run oil firm Petrobras approved new commercial arrangements for natural gas sales that could reduce its price to distributors by up to 10%, it said on Friday. In a statement released on its website, the oil giant said it will offer a “price reduction mechanism” for current natural gas …

Saudi Aramco 2223.SE Chief Executive Amin Nasser said on Sunday the oil giant was looking at further opportunities to invest in China, where he said oil demand was robust and growing. State-owned Aramco has been ramping up its China presence in a string of deals in refining and petrochemicals, some …

Russian natural gas producer Novatek is building a new China-based team to explore marketing the fuel, sources familiar with the plans said, as U.S. sanctions thwart plans for exports from its new multi-billion dollar Arctic project. The move illustrates Russian energy companies’ continued pivot to Asia, especially China, after the …

Norway on Tuesday awarded stakes in 62 offshore oil and gas exploration licences to 24 energy companies, including state-controlled Equinor , boosting the amount of acreage offered as the country seeks to pump for decades to come. The annual award was up from 47 licences a year ago when 25 …

A raft of new pledges announced at the COP28 climate summit – from tripling renewables to reining in methane emissions – won’t be enough on their own to limit global warming to 1.5 degrees Celsius, the International Energy Agency (IEA) said on Sunday. So far, 130 countries have agreed to …

Released ahead of the COP28 climate summit in Dubai, a report from the International Energy Agency (IEA) emphasised the need for oil and gas companies to let go of the “illusion” that carbon capture technology is a solution to climate change and invest more in clean energy. “The Oil and …

Russia has a capacity to store at least 4.6 billion metric tons of carbon dioxide (CO2), enough to cover domestic needs as well as some volumes from other countries, Igor Shpurov, head of Russian State Commission on minerals, said on Monday. Russia, the world’s fifth biggest emitter of carbon dioxide …

Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels. Oil companies are riding a wave of strong demand and cost-cutting tied …