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IRAN Energy News Agency 📬 Office: Unit 32. No 26. Dr Mossadegh St. Mirdamad St. Tehran. Iran ☎️ Tel: +98-2126413997 https://en.iranenergy.news
China-Russia East-Route Natural Gas Pipeline Fully Connected
The China-Russia east-route natural gas pipeline, the pipeline with the largest single-line gas transmission capacity in China, has been fully connected, the pipeline's operator announced Monday. The pipeline has also achieved full capacity operation with an annual transmission volume of 38 billion cubic meters, according to China Oil & Gas Pipeline Network Corporation (PipeChina). As…
https://en.energytoday.ir/china-russia-east-route-natural-gas-pipeline-fully-connected/
Azeri Gas Flows Launch to Slovakia as Ukraine Gas Transit Set to Expire
On December 1, Azerbaijan’s state oil company, SOCAR, started supplying natural gas to Slovakia’s Slovenský plynárenský priemysel (SPP), the country’s largest state-owned energy operator. This comes just a month after SPP signed a short-term pilot contract to buy natural gas from Azerbaijan as it prepares for a possible halt to Russian supplies via Ukraine. Last…
https://en.energytoday.ir/azeri-gas-flows-launch-to-slovakia-as-ukraine-gas-transit-set-to-expire/
China Discovers World’s Largest Gold Deposit near Existing Mines
Chinese scientists have uncovered a "supergiant" deposit of high-quality gold ore hidden near some of the country's existing gold mines. The vast reserve, which could be the largest single reservoir of the valuable metal left anywhere on Earth, could end up being the largest known deposit of the precious metal anywhere in the world, and…
https://en.energytoday.ir/china-discovers-worlds-largest-gold-deposit-near-existing-mines/
India’s Import of Russian Oil Falls Marginally in Nov.
Russia remained the largest crude supplier to India in November, accounting for 38% of India’s total crude oil imports. However, imports from the country registered a marginal decline of 4% to 1.60 million barrels per day, against 1.67 million barrels per day in October, data from Vortexa showed. The country imported 4.2 million barrels of…
https://en.energytoday.ir/indias-import-of-russian-oil-falls-marginally-in-nov/
Iraq Surpasses Saudi Arabia, Mexico in Weekly Oil Exports to US
The US Energy Information Administration (EIA) announced on Sunday that Iraq was the second-largest oil exporter to the United States during the past week, surpassing Saudi Arabia and Mexico. The EIA mentioned that the average US imports of crude oil during the past week from eight major countries reached approximately 5.65 million barrels per day,…
https://en.energytoday.ir/iraq-surpasses-saudi-arabia-mexico-in-weekly-oil-exports-to-us/
A Looming Supply Glut could Undermine the Offshore Oil Boom
Offshore oil is back in a big way. After years of costly offshore oil contacts being put on ice due to lower-than-ideal oil prices and uncertain future demand, these projects have been roaring back to life around the world. But the future of the sector remains uncertain as a looming oil glut may be scaring…
https://en.energytoday.ir/a-looming-supply-glut-could-undermine-the-offshore-oil-boom/
Chinese Refiners Buy more Middle East, Africa Crude as Iran’s Supply Drops
Private Chinese refiners, who buy most of Iran’s crude, have recently scoured West Africa and the Middle East for supply unsold in previous trade cycles, as flows of Iranian crude have dropped amid higher prices and preparation for the incoming Trump Administration. China’s independent refiners, the so-called teapots, are key buyers of Iran’s sanctioned crude,…
https://en.energytoday.ir/chinese-refiners-buy-more-middle-east-africa-crude-as-irans-supply-drops/
OPEC Likely to Stick to Output Cuts for another Month
OPEC will likely remain committed to production curbs for yet another month, the energy minister of Azerbaijan told Reuters ahead of the group’s Sunday meeting. “OPEC+ could or couldn't discuss oil output rollover at its next meeting. It is difficult to prejudge,” Parviz Shahbazov told the publication. OPEC has been under pressure from the market…
https://en.energytoday.ir/opec-likely-to-stick-to-output-cuts-for-another-month/
BP CEO: Global Oil Demand Keeps Exceeding Expectations
Global oil demand continues to surprise on the upside, BP Plc Chief Executive Murray Auchincloss told the Energy Intelligence forum in London on Monday, saying that oil demand kept rising on average by more or less 1% each year, with BP predicting robust oil consumption for the next 5-10 years. Commodity analysts at Standard Chartered…
https://en.energytoday.ir/bp-ceo-global-oil-demand-keeps-exceeding-expectations/
Austria’s OMV Seizes Gazprom Gas Supply in Deliveries Dispute
Austria’s energy firm OMV has seized $241 million (230 million euros) of Gazprom natural gas deliveries for October as a means to recover the arbitration award, which prompted Gazprom to cut off supply, sources close to OMV and Gazprom have told Reuters. Earlier this month, OMV said that it had been awarded 230 million euros,…
https://en.energytoday.ir/austrias-omv-seizes-gazprom-gas-supply-in-deliveries-dispute/
Kazakhstan Eyes Alternative Oil Route via Baku-Supsa Pipeline
Kazakhstan continues to discuss the possibility of oil shipments via the Baku-Supsa pipeline, Almassadam Satkaliyev, Minister of Energy and Mineral Resources of Kazakhstan, said in a report during the government hour in the parliament, Trend reports. "Discussions are underway regarding the Baku-Supsa pipeline. The pipeline has a capacity of 5 million tons per year, with…
https://en.energytoday.ir/kazakhstan-eyes-alternative-oil-route-via-baku-supsa-pipeline/
Can Lebanon’s Renewable Energy Sector Rise to the Challenge?
https://en.energytoday.ir/can-lebanons-renewable-energy-sector-rise-to-the-challenge/
U.S. LNG Exports to Europe Set to Surge as European Gas Prices Soar
https://en.energytoday.ir/u-s-lng-exports-to-europe-set-to-surge-as-european-gas-prices-soar-2/
Czechia does not Seek Extension of Russian Oil Import Exemption
Czechia will not seek an extension of its exemption from the EU ban on imports of Russian oil products, the Czech Ministry of Industry and Trade has confirmed, following an earlier report by Reuters. The exemption, granted as part of EU sanctions against Russia for its aggression in Ukraine, expires on 5 December. Similar exemptions…
https://en.energytoday.ir/czechia-does-not-seek-extension-of-russian-oil-import-exemption/
Iraq Says 15-Day Halt in Iranian Gas Cuts 5.5 GW from National Grid
Iraq’s electricity ministry said on Sunday that Iranian gas supplies had been completely halted for 15 days due to maintenance, impacting Baghdad, the central provinces, and the Middle Euphrates, resulting in the loss of 5.5 gigawatts from its national grid. It was no immediately clear when the 15 – day stoppagebegan.
https://en.energytoday.ir/iraq-says-15-day-halt-in-iranian-gas-cuts-5-5-gw-from-national-grid/
Saudi Arabia may Slash January Crude Prices for Asia
Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on Monday. The January official selling price (OSP) for flagship Arab Light may fall by 70 to 90 cents a barrel…
https://en.energytoday.ir/saudi-arabia-may-slash-january-crude-prices-for-asia/
Gazprom Hits Maximum Capacity of Pipeline Gas Flows to China
Gazprom’s natural gas flows via the Power of Siberia pipeline to China have reached full capacity of 38 billion cubic meters annually, the Russian gas giant said on Monday. Gazprom started sending gas to China via the Power of Siberia pipeline at the end of 2019, and flows have now reached the maximum design capacity.…
https://en.energytoday.ir/gazprom-hits-maximum-capacity-of-pipeline-gas-flows-to-china/
Will Saudi Arabia’s Trillion-Dollar Desert Dream ever become a Reality?
Saudi Arabia’s Neom is perhaps the world’s most controversial architectural project at present, covering 10,200 square miles – almost the size of Belgium – and incorporating renewable energy projects and advanced smart technologies in the middle of the desert. Following several construction delays, rising costs, and criticism over structural aspects of the project, many are…
https://en.energytoday.ir/will-saudi-arabias-trillion-dollar-desert-dream-ever-become-a-reality/
BP Discusses Agreement to Develop Oil Fields in Kirkuk
A source in the state-owned North Oil Company (NOC) revealed on Wednesday that representatives from British Petroleum (BP) arrived in the northern Iraqi governorate of Kirkuk to meet with NOC officials in the hope of finalizing an agreement to begin developing oil fields in the area. The source told Shafaq News that the BP delegation…
https://en.energytoday.ir/bp-discusses-agreement-to-develop-oil-fields-in-kirkuk/
EIA: U.S. Crude Oil Production Achieved New Record High in August 2024
An average of 13.4 MMbpd of crude oil was produced in the United States during August 2024, a new record according to data from the U.S. Energy Information Administration Petroleum Supply Monthly. More crude oil was produced in the United States during August 2024 than during December 2023, when the previous monthly record of 13.3…
https://en.energytoday.ir/eia-u-s-crude-oil-production-achieved-new-record-high-in-august-2024/
Gazprom Bets on China, Cuts 2025 Investments by 7%
Russian gas giant Gazprom is cutting its planned investments for next year by 7% compared to 2024 levels as more natural gas flows out of Russia are now headed to China instead of Europe. Gazprom’s investment is now geared toward developing gas fields and processing facilities in eastern Russia and the Yamal peninsula, as the…
https://en.energytoday.ir/gazprom-bets-on-china-cuts-2025-investments-by-7/
Germany Set to Cross 100 GW Milestone
Germany might exceed 100 GW of cumulative solar capacity in 2024, as new projections from Bundesverband der deutschen Energie- und Wasserwirtschaft (BDEW) estimate 17.5 GW in new PV installations. Germany's renewable energy association, BDEW, said it expects 17.5 GW of new PV capacity in 2024, up from 15.3 GW in 2023. With 11.7 GW installed…
https://en.energytoday.ir/germany-set-to-cross-100-gw-milestone/
Iran’s Energy Minister Assures no Blackouts amid Supply Boost
Iranian Energy Minister Abbas Aliabadi has announced that there are no power outages currently across the country as the electricity supply has been stable, and sufficient fuel has been secured to prevent any blackouts. During a parliamentary session on Tuesday, Aliabadi highlighted the significant differences between electricity production and consumption in Iran compared to global…
https://en.energytoday.ir/irans-energy-minister-assures-no-blackouts-amid-supply-boost/
Trump Plans Major Boost to U.S. Oil Drilling and LNG Exports
The transition team of incoming U.S. President Donald Trump is drafting an energy package to expand domestic oil and gas drilling on federal lands and offshore lease sales, in addition to expediting LNG export permits, Reuters reported on Monday, citing sources with knowledge of the plans. President-elect Trump has vowed on the campaign trail to…
https://en.energytoday.ir/trump-plans-major-boost-to-u-s-oil-drilling-and-lng-exports/
Kazakhstan Eyes Alternative Oil Route via Baku-Supsa Pipeline
Kazakhstan continues to discuss the possibility of oil shipments via the Baku-Supsa pipeline, Almassadam Satkaliyev, Minister of Energy and Mineral Resources of Kazakhstan, said in a report during the government hour in the parliament, Trend reports. "Discussions are underway regarding the Baku-Supsa pipeline. The pipeline has a capacity of 5 million tons per year, with…
https://en.energytoday.ir/kazakhstan-eyes-alternative-oil-route-via-baku-supsa-pipeline/
Scientists Design Residential Ice-Source Heat Pump Using Repurposed Gas Pipes
https://en.energytoday.ir/scientists-design-residential-ice-source-heat-pump-using-repurposed-gas-pipes/
BP to Spend $7 Billion on Indonesia Gas Field with Carbon Capture
https://en.energytoday.ir/bp-to-spend-7-billion-on-indonesia-gas-field-with-carbon-capture-2/
Kazakhstan to Reduce Oil Output to 88.4 mln Tonnes due to Field Overhauls, OPEC+ Obligations
https://en.energytoday.ir/kazakhstan-to-reduce-oil-output-to-88-4-mln-tonnes-due-to-field-overhauls-opec-obligations/
Canada Plans to Develop Nuclear Facilities, Increase Uranium Production
Canada plans to rapidly expand its nuclear power sector to contribute heavily to the countrys energy demand. Nuclear power contributes around 15% of Canadas energy at present. However, with plans to develop several new nuclear facilities, this figure is expected to grow significantly in the coming decades. The 2023 Federal Budget showed strong support for…
https://en.energytoday.ir/canada-plans-to-develop-nuclear-facilities-increase-uranium-production/
Kazakhstan Discloses Oil Transportation Volume for 10M2024
The volume of oil transportation through the system of main oil pipelines amounted to 57.8 million tons of oil from January through October 2024. Data obtained by Trend from the Ministry of Energy of the Republic of Kazakhstan reveals that, as of the end of October, more than 26 percent of the transported oil, or…
https://en.energytoday.ir/kazakhstan-discloses-oil-transportation-volume-for-10m2024/