lng

The opening ceremony for Gazprom’s compressed natural gas (CNG) filling station located in the Republic of Kalmykia was held today via a video call at St. Petersburg International Gas Forum (SPIGF) 2022. Taking part in the event were Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Batu Khasikov, Head of the Republic of Kalmykia, and Denis Kornienko, Acting …

The Company is reconstructing a cryogenic unit for advanced processing of dry stripped gas to produce new products. The engineering design documentation and the results of engineering surveys carried out at the territory of Tatneftegazpererabotka Administration (UTNGP) have received a positive conclusion from the State Ecological Expertise and the Federal …

Eni’s Board of Directors, chaired by Lucia Calvosa, yesterday approved the unaudited consolidated results for the second quarter and first half 2022. Eni CEO Claudio Descalzi said: “Amid uncertainty and volatility in markets we moved fast to secure new energy supplies. After new gas agreements with our partners in Algeria, …

During the visit of Russian President Vladimir Putin to the Islamic Republic of Iran, a Memorandum of Understanding for strategic cooperation was signed today in Tehran by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Mohsen Khojastehmehr, CEO of National Iranian Oil Company. The document envisages the analysis of cooperation prospects, inter alia, in the following areas: development of Iranian …

Despite the severe oil production cuts expected in Russia this year, tax revenue will increase significantly to more than $180 billion due to the spike in oil prices, Rystad Energy research shows. This is 45% and 181% higher than in 2021 and 2020, respectively. Russia’s progressive tax system means that …

It is important, for many reasons, to understand the global strategic context for an OFS company. One of the key reasons is that the oil and gas industries are becoming increasingly multinational, LNG adds significantly to the globalization of the sector. Hence stakeholders must take the interconnectivity of the markets …

PAO NOVATEK reported today preliminary operating data for the first quarter 2022. In the first quarter 2022, NOVATEK’s hydrocarbon production totaled 160.0 million barrels of oil equivalent (boe), including 20.64 billion cubic meters (bcm) of natural gas and 3.0 million tons of liquids (gas condensate and crude oil), resulting in …

Germany’s announcement that it has suspended the certification process of the contentious Nord Stream 2 (NS2) pipeline has thrown a geopolitical spanner in the works. The recently completed pipeline, which runs under the Baltic Sea from Russia to Germany, has sat front and center in the broader geopolitical conflict brewing …

European gas prices are shaking off some of their recent volatility and reacting to the relative calming of Russia-Ukraine tensions as Russia announced the withdrawal of some troops from the border. Gas markets are taking heart from the Russian-Ukraine news, and TTF prices fell to just over $23/Mmbtu on Wednesday. …

Global gas market sentiment is skewed bearish this week due to milder weather in Europe and more LNG supplies coming over the horizon. However, the downside risk is balanced by continuing concerns over Russian supplies to Europe and the potential for winter to follow the market into March, especially in …