There Are Not Enough Traditional Gas Fields for Everyone
Even with the expansion of the use of renewable energy sources, existing gas fields will not be able to satisfy the growing global demand for this energy carrier, Rystad Energy calculated. Gas production growth is projected at 12.5% from 2023 to 2030, with the Middle East playing a decisive role. …
Sinopec Pulled Out of Mansouriya Gas Project in Iraq
Chinese Sinopec has withdrawn from the Mansuriya gas field in Iraq, a representative of the Iraqi Ministry of Oil said at the presentation of blocks of new licensing rounds, writes Energy Intelligence. The Chinese company won the contract to develop the project with reserves of 4.5 trillion cubic feet in …
Europe’s Largest Gas Field Has Stopped Production
The Netherlands completed gas production at Europe’s largest field in Groningen on October 1, reports the Netherlands Broadcasting Corporation (NOS). “This morning at 6 a.m. the gas tap in Groningen was closed after years of discussion and constant fear of new earthquakes in the area,” the TV channel reported. It …
Norway Cut Gas Production by 10% in August, Worse Than Forecast
Norway in August reduced natural gas production by 9.8% year on year, to 311.3 million cubic meters per day from 345 million cubic meters per day a year earlier, according to preliminary data from the Norwegian Petroleum Directorate (NPD). The figure turned out to be worse than the NPD forecast, …
Equinox Has Presented a Plan for the Development of the Eirin Gas Field in the Amount of NOK 4 Billion
Norway’s largest oil and gas company Equinor today announced that it has submitted to the Norwegian Ministry of Petroleum and Energy a plan for the development and operation of the Eirin gas field in the North Sea, worth NOK 4 billion ($374 million). The Eirin field, discovered in 1978 and …
Novatek Intends to Maintain Gas Production Volumes in 2023
Production of liquid hydrocarbons will increase by 2-2.5% due to gas condensate, said the head of the company Leonid Mikhelson Based on the results of 2023, Novatek plans gas production at the level of 2022 – approximately 82 billion cubic meters. m or a little more. Production of liquid hydrocarbons …
Gas Production in Azerbaijan Increased by 5% in January-August
Gas production in Azerbaijan in January-August 2023 increased by 5% compared to the same period last year – to 32.2 billion cubic meters. According to operational data from the country’s Ministry of Energy, which is available to the Interfax-Azerbaijan agency, 8.6 billion cubic meters of associated gas were produced from …
Kazakhstan Plans to Start Operating the Anabay Gas Field by the End of the Year
Chairman of the Board of QazaqGaz Sanzhar Zharkeshov noted that since the beginning of 2022, the company has implemented investment projects worth more than $861 million in the Atyrau and Mangistau regions, as well as in Almaty The Kazakh authorities intend to begin exploitation of the Anabay gas field in …
Germany Calls for Fracked Gas Production to Reduce Energy Prices
According to Clemens Fuest, head of the Munich Institute for Economic Research Ifo, “a decisive expansion of renewable energy sources is right, but not enough.” Leading German economists have proposed concrete steps to reduce energy prices. Thus, Clemens Fuest, head of the Ifo Institute for Economic Research in Munich, advocated …
Azerbaijan Expects 4-fold Increase in Annual Gas Production from Absheron – Minister of Energy
Azerbaijan expects a 4-fold increase in annual gas production from the Absheron gas condensate field in the Caspian Sea to 6 billion cubic meters, Energy Minister Parviz Shahbazov said. “We (Thursday in Baku – IF) took part in the ceremony of extraction of the first gas from the Absheron field. …