Gas

Market Analysis

GECF and UNESCO Shape Future Plans

During the meeting, the existing stream of collaboration and new areas of cooperation in the months ahead, particularly as the UN embarks on an International Ye…

Personnel Appointment

New GECF Secretary General Takes Charge

His Excellency Eng. Mohamed Hamel from the People's Democratic Republic of Algeria has assumed office as the fourth Secretary General of the GECF, the global pl…

EU

EU Green Finance Rules to Include Nuclear and Gas Projects

A draft of the bloc’s green finance taxonomy sets out conditions for projects to receive transition funds.

Natural Gas

Groningen 2021-22 Gas Output Estimate Almost Doubled

Gas production from the Netherlands' Groningen field this gas year may have to be almost twice as high as previously expected.

Oil Field

Equinor Makes Oil Discovery Near Existing Infrastructure in North Sea

Norwegian oil and gas company Equinor has made a new oil discovery, located near the Fram field in the North Sea offshore Norway, and will consider tying it to …

LNG

US Expected to be World's Biggest LNG Exporter as China Poised to Become Top Importer

Brazilian imports more than tripled amid a drought and weak hydropower generation soaring to 7.5 MMt in 2021

Crude Oil

Libya Oil Pipeline Maintenance Completed

Libya's state-owned oil firm NOC expects the country's crude production to partially recover in the coming days following the early completion of pipeline maint…

Oil Price

Gas Prices Surging in Europe

Increasing concern about Europe's reliance on gas supplies from Russia has led to fears of continued price volatility in the international energy market.

Energy Security

Chinese Firms' Energy Projects in Kazakhstan Remain Safe: Sources

Local Chinese companies said that they are prepared, and the Kazakh government will also take corresponding measures to ensure the safety.

Oil Price

Saudi Arabia Cuts Oil Prices For Asia In February

Saudi Arabia cut the prices of all the crude grades it will be selling to Asia in February to the lowest premium to regional benchmarks in three months, amid th…

Crude Oil

Oil Rallies Amid Worsening Unrest In Crude Producer Kazakhstan

Oil markets shrug off dip in U.S. gasoline demand

Oil Field

ExxonMobil Announces Two New Oil Discoveries In Guyana

ExxonMobil has made two more discoveries in the Stabroek block offshore Guyana, which add to the previously announced 10 billion oil-equivalent barrels recovera…

EU

Europe Plans to Say Nuclear Power and Natural Gas Are Green Investments

The draft proposal could help unleash a wave of investment, but critics say both sources of energy cause damage to the environment.

LNG

South Korea Retires Two Oldest Coal-Fired Power Plants, to Replace with LNG

South Korea has permanently shut its two oldest coal-fired power plants, which will be replaced by new LNG-based ones, in line with President Moon Jae-in's push…

Electricity Trade

Power Costs in Europe Soar to Record High in 2021

The continent's energy crunch followed shortages of natural gas just as demand rebounded following 2020’s lockdowns