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Azerbaijani leader Ilham Aliyev wants the European Union to ease regulatory hurdles and improve financing conditions to enable an expansion of natural gas exports. 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.
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.
Under current trends, global gas demand is set to peak before the decade’s end. To do this, demand must fall by 110 bcm per year until 2030. Bringing forward this peak in line with climate imperatives can bolster economic growth, security, and resilience.
Turkmenistan is trying to shed its long-standing image as a hermit kingdom, at least when it comes to natural gas exports. 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
(Investing) –BRUSSELS -The European Commission will next month propose legal measures to phase out the EUs imports of all Russian gas and liquefied natural gas by the end of 2027, it said on Tuesday. Others, including Poland and the Baltic states, already stopped buying Russian gas.
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
Although a large part of the global demand increase was met by renewables, consumption of natural gas, coal, and nuclear also rose with the higher demand, according to the agency. As a result of higher power consumption, natural gas saw the strongest increase in demand among fossil fuels in 2024.
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 natural gas exports to Europe via the TurkStream pipeline dropped 19.4% bcm, compared to 7.7
(Oil Price) –Chinese gas and clean energy distribution firm ENN Energy Holdings Limited has been valued at around US$11.6 ENN Natural Gas currently owns 34.28% in ENN Energy. ENN Natural Gas and ENN Energy are two of the four listed firms within the ENN Group conglomerate, which was founded by Wang Yusuo. billion (HK$90.50
The National Iranian Gas Company (NIGC) announced that it delivered a total of 6.49 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 during the same period last year.
The International Energy Agency (IEA) at India Energy Week 2025 today released its comprehensive India Gas Market Report, revealing that India's natural gas sector has reached an inflection point.
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 addition to sweetened gas, the refinery also produced over 7.26
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 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. percent.
Chart of the Day EOA: EU’s Natural Gas Imports by Source in January 2025 Subscribe now Summary Figure (1) shows EU gas imports by source. Norway is the largest exporter of gas to the EU at 31.8%, followed by Russia at 18.9%, the US at 18.2%, and Qatar at 14.9%. bcm, followed by Spain (2.2 bcm) and Italy (1.52
As a result of higher power consumption, natural gas saw the strongest increase in demand among fossil fuels in 2024. 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.
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 Natural Gas 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. He highlighted that 1.9
Since Wednesday, August 29, natural gas spot prices increased in most markets (exceptions were Florida and Rocky Mountain region). Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $5.81/MMBtu Natural Gas in Storage 3,005 Bcf UP 36 Bcf 10.4% MMBtu UP $0.17
May 19, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. bcm, crude oil increased 1.5% Read more Gas prices hit lowest inflation-adjusted levels in years Summary : U.S. gas prices rose 6.1 million tons, and coal climbed 3.8% to 389 million tons.
Away from the oil market, yours truly also discussed Central Europe's natural gas 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 ).
April 14, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. 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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