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Russia sees its pipeline and LNG overseas deliveries surge from 146 billion cubic meters (bcm) in 2023 to 293 bcm in 2030, and further up to 438 bcm by 2050. Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million bpd, by 2050.
But recently published data raises doubts about whether Azerbaijan can meet a commitment of exporting 20 billion cubic meters (bcm) of gas annually to the EU by 2027. Azerbaijani leader Ilham Aliyev wants the European Union to ease regulatory hurdles and improve financing conditions to enable an expansion of natural gas exports.
To do this, demand must fall by 110 bcm per year until 2030. Under current trends, global gas demand is set to peak before the decade’s end. Bringing forward this peak in line with climate imperatives can bolster economic growth, security, and resilience.
billion cubic meters (bcm) of gas by the end of 2025, with annual supplies slated The centerpiece of Turkmenistans gas export diversification push is a swap arrangement with Iran and Turkey under which Ashgabat is expected to supply Ankara with 1.3
The Biodiesel Coalition of Missouri (BCM) is opening a cost-share opportunity for fleets — the Biodiesel Credit Program. This annual program is reserved for fleet operations located in Missouri that utilize biodiesel blends of B6 or higher.
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.
Turkey has discovered a new reserve of 75 billion cubic metres (bcm) of natural gas during drilling works in the Black Sea, President Tayyip Erdogan said on Saturday
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 Russia’s total gas exports to Europe fell from 63.8
Gas demand rose by 115 billion cubic meters (bcm), or by 2.7%, compared with an average increase of around 75 bcm annually over the past decade. As a result of higher power consumption, natural gas saw the strongest increase in demand among fossil fuels in 2024.
The EU imported 32 billion cubic metres (bcm) of Russian gas via pipeline and 20 bcm of Russian LNG last year. Lawyers have warned, however, that in the absence of sanctions, it will be difficult for buyers to exit gas contracts using force majeure, without facing financial penalties or arbitration.
billion cubic meters (bcm) of natural gas to the industrial sector, including power plants, petrochemical units, steel producers, and cement factories, during the 18-day period from March 20 to April 7. bcm between March 20 and April 7, 2025up from 3.39 bcm during the same period last year.
It operates more than 250 city gas projects nationwide and has an annual LNG distribution capacity of over 10 billion cubic meters (bcm). ENN Natural Gas is one of the largest private energy companies in China. ENN Natural Gas also runs the first large-scale private LNG terminal in China — Zhoushan LNG Terminal.
bcm, followed by Spain (2.2 bcm) and Italy (1.52 In January, EU LNG imports hit a record high of 8.40 million tons, driven by heating demand, power plant needs, and halted Russian gas shipments via Ukraine. The increase in TTF prices led to the diversion of cargos from Asia to Europe. France led EU members with imports of 2.86
Turkey has discovered a new reserve of 75 billion cubic metres (bcm) of natural gas during drilling works in the Black Sea, President Tayyip Erdogan said on Saturday
The report projects India's natural gas consumption to increase by nearly 60% to reach 103 billion cubic meters (bcm) per year by 2030, positioning the country's consumption levels.
Gas demand rose by 115 billion cubic meters (bcm), or 2.7%, compared with an average of around 75 bcm annually over the past decade, IEAs report showed. As a result of higher power consumption, natural gas saw the strongest increase in demand among fossil fuels in 2024. Meanwhile, oil demand witnessed slower growth, rising by 0.8%
In Europe’s industry, gas use fell by 25 bcm, or around 25%, in 2022, due to production curtailment and fuel switching, as the energy-intensive industries were the first to respond to the gas price shocks last year, WHY IT HAS HAPPENED.
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.
in 2024, or 115bn cubic metres (bcm), compared with an average of around 75 bcm annually over the past decade, with over three-quarters of growth coming from emerging market and developing economies. The supply of natural gas-fired generation also increased steadily in response to rising electricity demand.
One report is that if the 22 LNG terminals that have been approved for construction are built, their combined regasification capacity could reach 349 Bcm/y. (If If US LNG consumption grows 6% annually, consumption will total 46 Bcm/y by 2020.)
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.
bcm, crude oil increased 1.5% Read more Chinas fossil fuels production retreats from record levels Summary : Chinas fossil fuel output declined in April from March’s record levels, though year-on-year production remained up: natural gas rose 8.1% million tons, and coal climbed 3.8% to 389 million tons. Crude oil processing fell 1.4%
Basically, the old continent will need to find around 15 bcm of natural gas from elsewhere, which it can but at a considerably higher cost. Full interview clip here ).
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. Read more Russia targets major surge in natural gas exports by 2050 Summary : Russia aims to double its natural gas exports by 2030 and triple them by 2050 under its new energy strategy.
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