Russia has re-routed most of its oil to India and China since the start of the war in Ukraine in 2022 as Moscow and Europe - once its main commodity export market and source of revenue - severed ties.
SOCAR already owns the Petkim petrochemical complex and the STAR oil refinery in Turkey, and the acquisition further expands the company's footprint in the country's energy sector.
The ministry reported that 4,000 MW–4,500 MW of power have been lost from the electrical system as a result of the halt to Iranian gas supplies.
This would mark the Southeast Asian nation's return to the LNG import market, after shipments were halted amid the civil war.
CO2 pipelines are an increasingly important part of the nation’s pipeline infrastructure as companies explore new systems and consider repurposing existing assets to transport CO2 for long-term ...
The Kunpeng arrived at the Portovaya LNG terminal, was unloaded on December 18 and departed with a cargo on December 21, according to ship-tracking data from analytics firm Kpler. LSEG data also shows ...
U.S. natural gas futures climbed about 2% on Friday on near-record gas flows to liquefied natural gas (LNG) export plants. That price increase came despite forecasts for milder weather and lower ...
Western Australia has an existing policy requiring LNG exporters there to keep 15% of volumes for domestic supply.
Baker Hughes announced that it received a Full Notice To Proceed from Technip Energies on behalf of Commonwealth LNG to ...
Valmet has entered into an agreement to acquire Severn Group (Severn), a well-established industrial valve company, from Bluewater, a UK-based private equity firm. The acquisition covers all three ...
O'Neill, who will take over in April following the abrupt exit of Murray Auchincloss, becomes bp's first external CEO in its more than century-long history and the first woman to lead any of the world ...
Israel has approved a deal that will supply natural gas to Egypt, Israeli Prime Minister Benjamin Netanyahu said, describing it as the country's largest-ever gas deal.