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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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European Commission Proposes Law Ending Russian Gas, Oil Imports by 2027

Rigzone

Image by Cylonphoto via iStock The European Commission has proposed legislation to stop the importation of natural gas, oil and oil products from Russia into the European Union by 2027, betting on global liquefied natural gas (LNG) and increased regional infrastructure interconnectivity. billion cubic meters (473.22

Gas 62
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Factbox-EU’s plan to phase out Russian gas by end-2027

Oil & Gas 360º

The EU plans would affect countries including Hungary and Slovakia, which still receive Russian gas via pipelines, and countries including Belgium, France, the Netherlands and Spain, which buy Russian LNG. OIL Unlike with gas, the EU has imposed sanctions on most Russian oil imports, with exceptions for Slovakia and Hungary.

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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 ENN Energy invests in the construction, operation, and management of gas pipeline infrastructure and the sales and distribution of piped gas, LNG, and other multi-energy products, it says. billion (HK$90.50

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Valor | Energy Connection – June 16, 2025

Valor

June 16, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oil prices fall more than $1 barrel on reports Iran seeks truce with Israel Summary : Oil prices fell 1.3% rigs dropped 4 to 559 (oil -9 to 442, gas +5 to 114), marking a 35-rig annual decline.

Energy 52
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EIA Lastest News – Product Prices & Pipeline News

The Energy Law

Crude oil was up over $2 per barrel. One report is that if the 22 LNG terminals that have been approved for construction are built, their combined regasification capacity could reach 349 Bcm/y. (If If US LNG consumption grows 6% annually, consumption will total 46 Bcm/y by 2020.) MMBtu UP $0.17

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GASCO Showcases Remarkable Achievements During 2024

Egypt Oil & Gas

He elaborated that the company transported 64 billion cubic meters (bcm) of gas during 2024. The post GASCO Showcases Remarkable Achievements During 2024 first appeared on Egypt Oil & Gas.