article thumbnail

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.

article thumbnail

Doubts Arise Over Azerbaijan Gas Export Targets

OilPrice

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.

BCM 343
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Turkmenistan Forges New Gas Partnerships with Turkey and Beyond

OilPrice

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

BCM 207
article thumbnail

China’s ENN Energy valued at $11.6 billion in privatization offer

Oil & Gas 360º

(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.

article thumbnail

Turkey Discovers New Black Sea Gas Reserve

Offshore Engineer

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 74
article thumbnail

India's natural gas consumption set to surge 60% by 2030

Energy Central

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.

article thumbnail

Global energy demand rises as power consumption jumps

Oil & Gas 360º

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.

Energy 130