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IEA says not enough oil and gas reaching consumers
Some countries have not taken a helpful position in terms of oil and gas prices, the head of the International Energy Agency said on Wednesday, saying not enough supply was reaching consumers.
Iran increases condensate loading capacity of South Pars Gas Field
The Pars Oil and Gas Company (POGC) put a new single point mooring (SPM) into operation at Phase 19 of South Pars Gas Field to increase the condensate loading capacity of the giant field, an official with the company announced.
Russia denies ‘fake’ reports on controlling shares in Iranian gas project
Russia’s embassy in Tehran rejected as fake a recent report which suggests Moscow will have the dominant share of the development works for a newly-discovered Iranian gas field in the Caspian Sea.
Russia’s Gazprom starts plan to refill Europe gas stocks
Russian gas giant Gazprom said Tuesday it had begun implementing a plan to restock European gas storage facilities.
Despite sanctions, Iran is world’s third-largest gas producer
Iran produced 267 billion cubic meters of dry natural gas in 2019, making the country the world’s third-largest dry natural gas producer, after the US and Russia, despite the most draconian sanctions imposed on the country.
South Pars ready for sustainable supply of gas in winter
The managing director of Pars Oil and Gas Company (POGC), which is in charge of developing Iran’s giant South Pars Gas Field, said all the necessary measures have been taken for the preparation of the complex for sustained supply of gas during the winter.
Iran denies it has given up Caspian Sea gas rights to Russia
Iran’s envoy to Russia Kazem Jalali denied reports suggesting that Tehran should obtain Russia’s approval before any decision to drill for natural gas in the Caspian Sea.
Iran to maximize winter gas output to 940 mcm per day
Iranian Oil Ministry officials said natural gas output in the country will maximize to 940 million cubic meters (mcm) per day over the winter months to ensure households and power plants will face no shortages.
Gas stations returning to normal as Iran confirms cyberattack
Iran’s gas stations are returning to normal status following a brief outage caused by a cyberattack targeting the country’s fuel distribution system.
Greenhouse gas build-up reached new high in 2020: WMO
The build-up of warming gases in the atmosphere rose to record levels in 2020 despite the pandemic, according to the World Meteorological Organization (WMO).
Russia seeing record gas demand but still ready to boost EU supplies, Novak says
Russian gas consumption is running at a record high but Moscow is still ready to increase supplies to Europe should it receive such requests, Deputy Prime Minister Alexander Novak said on Saturday.
Iran’s gas use nearly doubles in cold snap: NIGC
The National Iranian Gas Company (NIGC) said that natural gas usage in the country’s household and business sectors nearly doubled during the first cold wave of the autumn season that started last weekend.
No solution in UK gov’t talks with industry on gas prices
The British government and industry are still trying to solve an energy crisis that bosses have warned could shut down production in a matter of days, business secretary Kwasi Kwarteng said on Sunday.
Gas price spike will add £29b to UK electricity bills next year: Analysis
UK households and businesses will pay almost three times as much for electricity next year compared to government forecasts made just months ago, putting huge strain on household budgets and the wider economic recovery, according to a new analysis.
Iran needs $22b of investments to maintain gas production: Minister
Iranian Oil Minister Javad Owji said the country requires at least $22 billion of investments to maintain the production level of the country’s gas fields over the next six to eight years.

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