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Russia expects its naturalgas 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.
Turkmenistan is trying to shed its long-standing image as a hermit kingdom, at least when it comes to naturalgas exports. 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.
(Oil Price) –Chinese gas and clean energy distribution firm ENN Energy Holdings Limited has been valued at around US$11.6 ENN NaturalGas currently owns 34.28% in ENN Energy. ENN NaturalGas is one of the largest private energy companies in China. billion (HK$90.50
(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.
Image by Cylonphoto via iStock The European Commission has proposed legislation to stop the importation of naturalgas, oil and oil products from Russia into the European Union by 2027, betting on global liquefied naturalgas (LNG) and increased regional infrastructure interconnectivity. billion cubic meters (473.22
March 29, 2025 Chart of the Day: EU Record LNG Imports from the US and Imports from Russia Decline Reuters: Exports of Russian Pipeline Gas to Europe Down 19% in March Month-on-Month, Data Shows Summary In March 2025, Gazprom's daily naturalgas exports to Europe via the TurkStream pipeline dropped 19.4% bcm, compared to 7.7
The International Energy Agency (IEA) at India Energy Week 2025 today released its comprehensive India Gas Market Report, revealing that India's naturalgas sector has reached an inflection point.
The International Gas Union’s Global Gas Report 2024 shines a spotlight on a critical issue: a significant lack of investment in naturalgas production and infrastructure, all while global demand for gas is expected to rise steadily over the next decade.
(Investing) –BRUSSELS -The European Commission will next month propose legal measures to phase out the EUs imports of all Russian gas and liquefied naturalgas by the end of 2027, it said on Tuesday. OIL Unlike with gas, the EU has imposed sanctions on most Russian oil imports, with exceptions for Slovakia and Hungary.
February 14, 2025 There will be no Daily Energy Report on Monday as the markets are closed in observance of President’s Day. Chart of the Day EOA: EU’s NaturalGas Imports by Source in January 2025 Subscribe now Summary Figure (1) shows EU gas imports by source. bcm, followed by Spain (2.2
The International Energy Agency (IEA) released a report stating that the global demand on energy has grown by 2.2% 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. between 2013 and 2023.
The National Iranian Gas Company (NIGC) announced that it delivered a total of 6.49 billion cubic meters (bcm) of naturalgas 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.
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 Chairman of the Egyptian NaturalGas Company (GASCO) Yasser Salah El Din stated that the company is working on several strategic pillars of the Ministry of Petroleum and Mineral Resources (MoPMR), especially in meeting the gas needs of the local market and the country’s economic sectors.
Since Wednesday, August 29, naturalgas spot prices increased in most markets (exceptions were Florida and Rocky Mountain region). Commodity Price or Volumes Change since last % Change NaturalGas Spot (Henry Hub) $5.81/MMBtu NaturalGas in Storage 3,005 Bcf UP 36 Bcf 10.4%
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: naturalgas rose 8.1% bcm, crude oil increased 1.5% President Erdogan stated the find could meet household gas needs for 3.5
Away from the oil market, yours truly also discussed Central Europe's naturalgas conundrum following Ukraine's new year's eve decision to end Russian energy transit via its territory on CGTN earlier this month. Full interview clip here ). And on that note, its time to say goodbye for now.
Read more Russia targets major surge in naturalgas exports by 2050 Summary : Russia aims to double its naturalgas exports by 2030 and triple them by 2050 under its new energy strategy. 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.
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