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Russia Targets Major Surge in Natural Gas Exports by 2050

OilPrice

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.

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Iran Targets to Collect 16 bcm of APG Annually

Egypt Oil & 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.

BCM 52
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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.

Energy 130
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Factbox-EU’s plan to phase out Russian gas by end-2027

Oil & Gas 360º

OIL Unlike with gas, the EU has imposed sanctions on most Russian oil imports, with exceptions for Slovakia and Hungary. The EU will propose requirements for Slovakia and Hungary to produce national plans for how they will quit Russian oil by end-2027. The two countries still import more than 80% of their oil from Russia.

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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 It operates more than 250 city gas projects nationwide and has an annual LNG distribution capacity of over 10 billion cubic meters (bcm). billion (HK$90.50 By Charles Kennedy for Oilprice.com

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Iran’s Gas Flow to Industry Climbs 6.89% in 18 Days

Egypt Oil & Gas

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.

BCM 52
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Electricity Consumption Drives Growth in Energy Demand During 2024

Egypt Oil & Gas

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. Meanwhile, oil demand witnessed slower growth, rising by 0.8%

BCM 52