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billion cubic meters (bcm), as higher exports to China and increased domestic demand failed to offset the collapse of pipeline flows to Europe, Bloomberg reported on Wednesday. bcm in 2024, making it the last significant corridor to the EU following… Russia’s natural gas production fell 3.2% That route had accounted for over 15?bcm
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
Global gas flaring at upstream oil and gas facilities has risen for a second year in a row, according to the World Bank’s annual Global Gas Flaring Tracker Flaring rose by 2% to 151 billion cubic meters (bcm) in 2024, the highest level in almost two decades. bcm of the additional gas flaring.
billion cubic feet) of EU gas imports in the fourth quarter (Q4) of 2024, according to the Commission’s latest quarterly gas market report. The EU imported a total of 70 Bcm in the October-December 2024 period. Q4 Gas Imports from Russia Russia accounted for 19 percent or 13.4 billion cubic meters (473.22
A total of seven rounds have been conducted under AggregateEU, pooling over 119 Bcm of demand and attracting 191 Bcm of offers. Nearly 100 Bcm have been matched, according to the latest results announcement March 26, 2025.
Read more Iran suspends partial output at major gas field after Israeli attack Summary : Iran partially suspended production at South Pars, the world’s largest gas field, after an Israeli strike caused a fire, halting 12M cm/day output (4% of Iran’s 275 bcm annual production). Read more Baker Hughes reports U.S.
percent against June 2024. Norway’s share of the EU’s piped gas imports increased by five percentage points compared to the fourth quarter of 2024 following the end of the Ukraine-Russia transit deal. percent from May and three percent from June 2024. percent from May and three percent from June 2024.
The USA is the world’s largest oil producer, accounting for 20% of global production in 2024. Global natural gas production rose to 4,124 bcm with the largest producers being the US, Russia, Iran, and China, which has risen from being the world’s sixth largest gas producer to its fourth over the last 10 years.
Irans Oil Minister Mohsen Paknejad stated that his country is targeting to collect 16 billion cubic meters (bcm) per year of associated petroleum gas (APG) in the Seventh Development Plan (2024-28), Shana reported. He noted that the currently collected APG amounts to 4 bcm per year.
(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. in 2024, which was much faster compared to the average annual energy demand growth of 1.3%
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
It explained that electricity consumption has been doubled in 2024, compared to the annual average over the past decade, due to global temperatures as well as rising consumption from industry, the electrification of transport, and the growth of data centers and artificial intelligence.
The first South Pars Gas Refinery achieved strong operational performance during the Iranian year 1403 (March 2024 March 2025), producing over 10 billion cubic meters (bcm) of sweetened gas, according to a report by SHANA. The post South Pars Gas Refinery Shows Strong Performance in 2024/25 first appeared on Egypt Oil & Gas.
He elaborated that the company transported 64 billion cubic meters (bcm) of gas during 2024. This came during the general assembly meeting of the company chaired by the Minister of Petroleum and Mineral Resources Karim Badawi to discuss and approve its annual results of 2024. He highlighted that 1.9
The International Gas Union’s Global Gas Report 2024 shines a spotlight on a critical issue: a significant lack of investment in natural gas production and infrastructure, all while global demand for gas is expected to rise steadily over the next decade.
Global gas demand reached a new all-time high in 2024, while oil demand growth slowed markedly, according to the IEAs newly-released Global Energy Review 2025 Demand for all energy sources increased in 2024, as global energy demand rose by 2.2% Rising demand for gas Global gas demand rose by 2.7%
The country’s gas exports are expected to increase from 146 bcm in 2023 to 293 bcm by 2030, and up to 438 bcm by 2050. crude production decreased slightly to 13.458 million bpd, 173,000 bpd below the record high in December 2024, while the Permian Basin rig count fell by 5 to 28927 fewer than last year.
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