Results for
Gas
ADNOC Gas reports 4 percent dip in Q3 amid falling prices
State oil giant Abu Dhabi National Oil Company’s gas unit, ADNOC Gas, said on Tuesday its third-quarter net profit fell 4 percent from the corresponding period a year earlier, as lower prices were ...
China’s Sinopec signs new 27-year LNG supply deal with QatarEnergy
State-owned Chinese firm Sinopec signed a new 27-year liquefied natural gas (LNG) supply and purchase agreement with QatarEnergy, the two companies said on Saturday.Under the agreement, the two ...
Germany is willing to invest in Nigerian gas and minerals: German Chancellor
German Chancellor Olaf Scholz said on Sunday his country was willing to invest in gas and critical minerals in Nigeria, Africa’s largest oil producer, as he started a two-nation visit to sub-Saharan ...
EU proposes methane emissions limit on gas imports
The European Commission has proposed imposing methane emissions limits on EU gas imports from 2030, a move that would pressure the bloc’s international fossil fuel suppliers like the US to cut leaks ...
UAE’s Crescent Petroleum launch deals to develop three oil and gas fields in Iraq
Crescent Petroleum will help Iraq to stop gas flaring and use the processed gas to generate electricity, Iraqi oil minister says
No gas found after drilling at Lebanon’s offshore Block 9: Sources
No hydrocarbon finds were made after exploratory drilling operations at Lebanon’s offshore Block 9, two sources with direct knowledge of the matter told Reuters on Friday. Lebanon’s ...
Finland-Estonia gas pipeline Balticconnector down for 5 months: Operator
It will take at least five months to repair the Finland-Estonia gas pipeline, its operator said Wednesday, a day after Helsinki said they suspected the leak that caused the weekend shutdown had been ...
Putin launches Russian gas shipments to Uzbekistan
This is the largest trilateral energy project between the three ex-Soviet countries, Putin says
Germany to extend energy price caps until March 2024
Germany plans to extend the electricity and gas price caps it introduced last year until March 2024 and the European Commission is examining the measure, a source told Reuters on Friday. ...
Moldova could buy Russian gas if conditions are right: Officials
Moldova has not used Russian gas since late last year, but it is keeping open the option of buying supply from Gazprom if conditions are right, the head of the Russian gas giant’s local subsidiary ...
Saudi Aramco to buy stake in EIG’s MidOcean Energy to tap into LNG
Saudi Arabia’s oil giant Aramco said on Thursday it agreed to acquire a strategic minority stake in liquefied natural gas company MidOcean Energy for $500 million, with an option to increase the size ...
India’s GAIL close to finalizing Qatar LNG purchase deal: Sources
GAIL (India) Ltd is close to finalizing a long-term liquefied natural gas (LNG) import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three ...
Japan PM in Qatar explores energy security, LNG on final leg of Gulf tour
Japan’s Prime Minister Fumio Kishida visited gas-rich Qatar on Tuesday as he wraps up a Gulf tour centered on energy security and cooperation with Tokyo’s main suppliers.Tokyo is looking to work ...
Qatar offers shorter,cheaper LNG contracts to entice Asian buyers amid US competition
Qatar is offering shorter and cheaper liquefied natural gas contracts as it attempts to secure customers for supply from expansion projects amid rising competition with the US.A deal agreed last week ...
Qatar’s energy minister warns ‘worst yet to come’ for Europe’s oil, gas shortages
Qatar’s energy minister warned on Tuesday the “worst is yet to come” for Europe’s oil and gas shortages, saying a warm winter had prevented greater difficulties in recent months.Saad al-Kaabi and his ...
Saudi, China, India gas usage to surge in 2023 as Europe slumps: IEA
Rising demand for natural gas in Asia and the Middle East is set to offset a decline in other regions this year, helping to keep the global market tight, according to the International Energy ...
UAE energy giant ADNOC to use Ruwais instead of Fujairah for LNG export
The UAE’s state energy firm ADNOC said on Tuesday its planned liquefied natural gas (LNG) project would move forward in the al-Ruwais Industrial City in Abu Dhabi and not in the emirate of ...
Ukraine’s Naftogaz says Russia was ordered to pay $5 bln in arbitration case
Ukraine’s state-owned gas company Naftogaz on Thursday said Russia has been ordered by an arbitration court in The Hague to pay $5 billion in compensation for unlawfully expropriating its assets in ...
Moldova resumes gas purchases from Russia’s Gazprom: Moldovagaz head
Moldova has resumed gas purchases from Russia’s Gazprom in March after a break of about three months, the head of public natural gas distributor Moldovagaz said on Monday.“In March of this year, on ...
Gas cargoes stranded near Russia due to Crimea bridge security restrictions
Several tankers loaded with liquefied petroleum gas (LPG) have been unable to cross under Russia’s Crimea bridge due to security restrictions, traders said on Friday, prompting suppliers to use other ...
European gas falls below $53 as historic energy crisis recedes
European natural gas futures settled below €50 a megawatt-hour for the first time in over 17 months as the region’s worst energy crisis in decades recedes — though there are signs further price ...
Gulf IPO rush resumes as UAE oil giant ADNOC plans largest deal of 2023
The United Arab Emirates’ national oil company plans to raise $2 billion or more by listing its natural gas business in what could the largest initial public offering so far this year.Abu Dhabi ...
World must know truth about Nord Stream blasts, preparators must be punished: Kremlin
The Kremlin said on Thursday the world should know the truth about who sabotaged the Nord Stream gas pipelines and that those responsible should be punished after an investigative journalist said US ...
Lithuania gas explosion blamed on technical malfunction
A powerful gas pipeline explosion that prompted the evacuation of a village in northern Lithuania was most likely caused by a technical malfunction, the head of the country’s natural gas transmission ...
Gazprom to ship 35.5 mcm of gas to Europe via Ukraine
Russia’s Gazprom said it would ship 35.5 million cubic meters (mcm) of gas to Europe via Ukraine on Friday, in line with similar levels reported in January 2023, but around 15 percent down on daily ...