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China Launches Phase 2 Deep-Sea Gas Field Adding 4.5BCM To Supply

OilPrice

billion cubic meters (bcm) per year. With total geological reserves exceeding 150 bcm, Deep-Sea No. 1 is seen as a cornerstone of China’s efforts to strengthen energy security and reduce reliance… China National Offshore Oil Corporation (CNOOC) has fully launched the second phase of its Deep-Sea No.

BCM 237
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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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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. Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million bpd, by 2050.

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Global gas demand: locking in the peak for economic, energy and climate security

Energy Transition

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.

BCM 249
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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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Turkmenistan Forges New Gas Partnerships with Turkey and Beyond

OilPrice

Over the past few months, Ashgabat has gone on a deal-making binge that, over the long term, could significantly alter the European Unions energy-import pattern. billion cubic meters (bcm) of gas by the end of 2025, with annual supplies slated

BCM 176
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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.

BCM 130