Tag Archives: Gas

Iraq’s Prime Minister,Mohammed Shia al-Sudani, on Wednesday said that Iraq would no longer remain dependent on oil, highlighting that “ready alternatives” will be available after 2028. In a meeting with the Iraqi-American Business Council delegation, led by the Council President and Deputy Head of the U.S. Chamber of Commerce for …

Deputy Prime Minister and Foreign Minister of Iraq, Fuad Hussein, announced on Thursday that Iraq is set to become a significant producer of natural gas in the coming years. The statement was made during a joint press conference held in Baghdad with Jan Lipavský, the Czech Foreign Minister, who was …

Iranian Oil Minister Javad Auchi announced on Saturday the extension of two gas export contracts between Iran and Iraq. These contracts pertain to supplying gas to power stations in Baghdad and Basra and have been extended for five years. Auchi announced this during his official visit to Baghdad, where he …

In a recent televised interview, Iraqi Prime Minister Mohammed Shia al-Sudani projected that Iraq will transition from being one of the world’s leading gas-flaring countries to becoming a gas exporter within the next 3-5 years. The Prime Minister’s statement, broadcast by Al-Ula channel and recapitulated by his media office, comes …

Oil prices surged on Monday after Iraq, Saudi Arabia and other OPEC+ producers announced a surprise cut in their output target, a move that rippled through stock markets, though the dollar failed to hold onto its early gains. Brent crude futures looked set for its biggest daily percentage gain in …

Talks between French oil major TotalEnergies and Iraq to resolve sticking points in a long-delayed $27 billion energy deal “have reached advanced stages”, Iraqi oil minister Hayan Abdel-Ghani said on Sunday. “We will activate the deal very soon,” Abdel-Ghani said at an energy event. The proposed deal, which Baghdad hopes …

European Union nations’ energy ministers have agreed on a gas price cap, a spokesperson for the Czech Republic said on Twitter on Monday. The deal follows weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. The Czech …

Iraq’s Prime Minister Mohammad Shia al-Sudani on Thursday headed an expanded meeting to discuss an integrated gas project with French Total Energies’ CEO Patrick Pouyanné. According to an official readout, the meeting discussed gas investments in Iraq, including a 600-MMSCF, flared gas plant, the Artawi oilfield, a seawater desalination project, …

Following investigation, Public Prosecutor’s Office says remains of explosives found at blast sites Swedish investigators confirmed on Friday that the blasts damaging the Nord Stream gas pipelines earlier this year were due to major sabotage. The Public Prosecutor’s Office said the remains of explosives had been found at the site, …

European Union leaders opened a two-day summit Thursday divided on whether, and how, the bloc could impose a gas price cap to contain the energy crisis fueled by Russian President Vladimir Putin’s invasion of Ukraine and his strategy to choke off gas supplies to the bloc at will. And, for …

The entire continent wonders how it will get through the season, Turkey’s president said European countries are about to face significant difficulties this winter amid limited deliveries of Russian natural gas, Turkey’s President Recep Tayyip Erdogan said on Sunday. Speaking at the TUGVA youth forum, Türkiye’s leader noted that the …

Egypt and Greece on Sunday said a deal allowing Turkish hydrocarbon exploration in Libya’s Mediterranean waters was “illegal” as Athens said it would oppose it by all “legal means.” On Monday, Turkey said it had signed a memorandum of understanding on exploration for hydrocarbons in Libya’s seas with the authorities …

The ruptures on the Nord Stream natural gas pipeline system under the Baltic Sea have led to what is likely the biggest single release of climate-damaging methane ever recorded, the United Nations Environment Programme said on Friday. A huge plume of highly concentrated methane, a greenhouse gas far more potent …

Germany was pressing on Monday to secure liquefied natural gas contracts with Gulf producers and other European states outlined measures to conserve energy, with Russian flows running at severely reduced levels as winter approaches. Berlin said it aimed to sign LNG contracts in the United Arab Emirates to supply terminals …

Russia’s energy minister has announced that the Nord Stream 2 will be “replaced” by an alternative gas pipeline to China​​​ as the strategic project has failed to make headway due to Western sanctions on Moscow over its military operation in Ukraine. Alexander Novak made the announcement in an interview with …

Russia says gas supplies to Europe via the Nord Stream 1 pipeline will not resume in full until the Western countries reach a collective decision and lift sanctions they have imposed on Moscow over its military operation in Ukraine. The Monday announcement was made by the Kremlin spokesman, Dmitry Peskov, …

European natural gas prices have hit new records in the aftermath of sanctions targeting Russia’s energy sector, prompting several European countries such as Italy and Spain to take new measures to bring the crisis under control. Europe’s benchmark Dutch TTF gas contract advanced to 318 euros per megawatt on Thursday, …

Europe faces fresh disruption to energy supplies due to damage to a pipeline system bringing oil from Kazakhstan through Russia that was reported by the pipeline operator on Monday, adding to concerns over a plunge in gas supplies. CPC, which handles about 1% of global oil and whose largest shareholder …

Russian President Vladimir Putin on Tuesday said the oil sector was undergoing a “tectonic change,” but claimed Europe would be committing “economic suicide” with its sanctions on Moscow over Ukraine. By seeking to phase out Russian energy supplies, Europe will only hurt itself, Putin said, urging state officials to use …

Foreign energy companies subject to Moscow’s retaliatory sanctions will no longer be able to receive gas supplies from Russia, a top official has said.