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Russia Targets Major Surge in Natural Gas Exports by 2050

OilPrice

Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. million barrels per day (bpd), in 2023 to 540 million tons, or 10.8 million barrels per day (bpd), in 2023 to 540 million tons, or 10.8

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US Overtakes Russia as EU No2 Gas Source

Rigzone

Pipeline gas accounted for 55 percent or 38 Bcm while liquefied natural gas (LNG) contributed 45 percent or 31 Bcm, according to the Commission’s latest quarterly gas market report. Bcm, followed by Russia at 14 percent or 9.7 Bcm, followed by Qatar at five percent or 3.2 Bcm and Azerbaijan at four percent or 2.6

BCM 108
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EU Commission Launches Matchmaking Platform for Energy, Materials Sourcing

Rigzone

Image by vitacopS via iStock The European Commission rolled out Wednesday a mechanism for coordinated purchases of hydrogen, the first mechanism under the EU Energy and Raw Materials Platform. The Commission’s Directorate-General for Energy said more products may be covered in the future. billion cubic feet).

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Global energy demand rises as power consumption jumps

Oil & Gas 360º

(Oil Price) –Surging power demand in both developed and emerging economies accelerated global energy demand growth in 2024 to nearly twice the pace of recent years, the International Energy Agency (IEA) said on Monday. rise in global power consumption last year, the IEA said in its annual report Global Energy Review 2025.

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Daily Energy Report

Daily Energy Report

bcm, compared to 7.7 bcm in 2024. bcm in 2022 to 28.3 bcm in 2023, then rose to 32 bcm in 2024. TurkStream is now Russia’s only gas route to Europe after Ukraine ended a transit deal on January 1, 2025. First-quarter 2025 exports via TurkStream were 4.5

BCM 75
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Oil Review Middle East - Untitled Article

Oil Review Middle East

But global energy demand is rising even faster, with total fossil fuel use growing by just over 1% and oil remaining the largest source of energy, accounting for 34% of total global demand. as gas markets rebalanced after the 2023 slump. Global natural gas demand rose by 2.5%

BCM 52
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Electricity Consumption Drives Growth in Energy Demand During 2024

Egypt Oil & Gas

The International Energy Agency (IEA) released a report stating that the global demand on energy has grown by 2.2% between 2013 and 2023. The report added also that the advanced economies also saw a return to growth, with their energy demand increasing by almost 1% in aggregate, after several years of declines.

BCM 52