The European Union will on Tuesday announce a roadmap to phase out the bloc's remaining gas ties with Moscow, but in the absence of sanctions it will be difficult for buyers to exit gas contracts using legal options such as force majeure.
GAS Feed Atom
The CEO of Sarkhoon and Qeshm Gas Refining Company stated that through major overhauls, self-sufficiency in supplying parts, and incident-free production, the refinery had a successful performance in 1403, effectively serving the public and ensuring stable energy supply.
The major maintenance period for South Pars gas platforms has begun at the start of the warm season to ensure safe and sustainable gas production this winter. The overhaul is expected to be completed within six months through precise execution of repair plans.
A potential gas leak incident at Oil India Limited’s (OIL) Well No. 309 in Nagajan village, Lankasi-Kothalguri, Dibrugarh district, caused widespread alarm on Thursday afternoon, reminding locals of the disastrous 2020 Baghjan blowout.
Indian Oil Corporation Ltd (IOCL), the country’s largest oil refiner, has entered into a five-year deal with global commodities trader Trafigura for the supply of liquefied natural gas (LNG), according to trade sources and a company statement.
Abu Dhabi National Oil Company (ADNOC) will start replacing some of the liquefied petroleum gas it supplies to India with cheaper U.S. cargoes from June, industry sources said, as U.S.-China tariffs rejig global trade flows.
The Gas Exporting Countries Forum (GECF) expressed deep sorrow over the deadly explosion at Shahid Rajaee Port in Bandar Abbas of Hormuzgan Province offering condolences to Iran’s government and people.
Iran has launched its annual overhaul of gas platforms at the South Pars field to ensure stable output during the high-demand winter months, a senior official said.
Persian Gulf Star Refinery is operating under safe conditions, and the explosion at Shahid Rajaee Port in Bandar Abbas of the southern province of Hormuzgan has no connection to the refinery’s oil storage tanks or facilities.
Iran’s oil minister highlighted the outcomes of the 18th meeting of the Iran-Russia Joint Economic Cooperation Commission, stating that the agreements reached outline a framework for long-term collaboration between the two countries. The Oil Ministry will vigorously pursue the practical implementation of these deals.
The CEO of the National Iranian Gas Company (NIGC) emphasized the need to achieve the objectives of the Seventh Development Plan, announcing the start of negotiations and operational measures to connect to Russian gas supplies.
Indian energy importers have reduced the volume of liquefied natural gas they buy from abroad as prices trend higher. Instead, they are buying more oil products, Bloomberg reported.
The supervisor of the 35-well infill drilling project at South Pars Field announced that drilling has begun on the fifth well in the project, located in phases 15 and 16.
South Pars field produces 4.5 million barrels of crude oil daily, supplying Iran's gas and gasoline production, and accounting for 40% of the country's consumed gas and gas condensates.
Gas production from Phase 11 of the South Pars field has reached 20 million cubic meters per day (mcm/d) following the completion and commissioning of the eighth well, the managing director of Pars Oil and Gas Company announced.
The National Iranian Oil Company is planning to invest in 50 gas fields to boost daily gas production capacity by 500 million cubic meters.
China National Offshore Oil Corporation (CNOOC) has signed a third LNG supply deal with Abu Dhabi National Oil Corp (ADNOC), strengthening energy ties between China and the Middle East.
The CEO of the South Pars Gas Complex emphasized that this year’s overhaul process has been more organized than in previous periods and announced that refineries are being prepared for stable production ahead of the upcoming winter.
Faced with sluggish demand and mounting operational losses, the government is weighing a proposal to supply cheaper, domestically produced natural gas to trucks powered by liquefied natural gas. The move comes after state-run Indian Oil Corporation, the largest operator of LNG retail outlets in the country, was forced to shut down five of its six LNG stations due to lack of business.
Iran’s thermal power plants set a new electricity production record in the Iranian calendar year 1403 (ended March 19, 2025), exceeding 350 million megawatt hours (MWh), according to the Thermal Power Plants Holding Company (TPPH).