Saudi Arabia Warns World Running Out Of Energy Capacity

Fourth EstateSaudi Aramco oil pipe lines, Jubail - Suresh Babunair

Saudi Arabia on Tuesday warned that the world is running out of energy capacity as prices of products from crude to diesel and natural gas trade are now multi-year high. Saudi’s Oil Minister, Abdulaziz bin Salman said that the world …

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Azerbaijan Set To Boost Gas Supply To Europe By 25%

Fourth EstateA gas pipeline that delivers natural gas from the Caspian Sea to European markets. - BP

Azerbaijan has started to boost its commercial natural gas supplies to Europe by 25% through Trans-Anatolian Natural Gas Pipeline (TANGP). Azerbaijani Energy Minister Parviz Shahbazov said Thursday that gas exports to Europe totalled 2.6 billion cubic meters in the first …

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Japan’s Eneos Pulls Out of Yetagun Gas Project in Myanmar

Fourth EstateYetagun Gas Field Platform

Eneos Holdings Inc., a Japanese energy company, announced Monday that it will abandon a natural gas project in Myanmar. A news release published on the company’s website indicated that JX Nippon Oil & Gas Exploration, which owns 19.3% of the …

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Algeria Threatens to Cut Natural Gas Exports to Spain Over Morocco Spat

Algeria warned on Wednesday that it would stop delivering gas to Spain if Madrid re-exports supplies to other countries, citing tensions over plans to divert Algerian gas to Morocco. Algeria’s Energy and Mines Minister Mohamed Arkab said his Spanish counterpart …

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Azerbaijan and Italy Confer on Expanding Trans-Adriatic Pipeline

Fourth EstateManifold station along the Trans-Adriatic Pipeline - TAP

Azerbaijan and Italy agreed on expanding the Trans-Adriatic Pipeline (TAP) to further improve the transport of natural gas from the Shah Deniz field in the Azerbaijan sector of the Caspian Sea to Europe. Azerbaijan Energy Minister Parviz Shahbazov met with …

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Russian President Vladimir Putin Signs Order Demanding Gas Payments in Rubles

Fourth EstateRussian President Vladimir Putin Signs Order Demanding Gas Payments in Rubles - Kremlin

Russian President Vladimir Putin signed an order demanding “unfriendly” countries to pay for gas in rubles starting from April 1 or Russia will cut supplies. “In order to acquire Russian natural gas, they should open ruble accounts in Russian banks. …

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Kuwait’s Foreign Minister Says Iran Is Not Part of Durra Gas Field

Kuwait’s Foreign Minister Sheikh Ahmed Nasser Al-Sabah said the Durra/Arash gas field is a bilateral issue between Kuwait and Saudi Arabia and it has nothing to do with Iran. Al-Sabah said that the Durra gas field belongs to the gulf …

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CHina’s Sinopec to Continue Buying Russian Oil

Fourth EstateSinopec Station, Singapore - Sinopec Press Releas

Sinopec, a Chinese state energy company, said it would continue to buy crude oil and gas from Russia, even as Western democracies step up sanctions in response to the country’s invasion of Ukraine. Sinopec President Yu Baocai, during his company’s …

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