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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
Iran-Russia Partnership Agreement to Cover Defense Sphere
The agreement on all-encompassing partnership between Russia and Iran will cover the defense and security sphere, Russian Deputy Foreign Minister Andrey Rudenko said. "Concerning the contents of the mentioned founding document, I would elect not to disclose details earlier. I would only note it will meet challenges and requirements of our time and cover almost…
https://en.energytoday.ir/iran-russia-partnership-agreement-to-cover-defense-sphere/
Iran-IAEA Interactions must Occur in Non-Political Atmosphere
Iranian Parliament Speaker Mohammad Bagher Ghalibaf has said that the interactions between Iran and the IAEA should occur in a non-political atmosphere and within the framework of existing commitments. During an open session of the Iranian Parliament on Sunday morning, Ghalibaf reacted to the anti-Iran stance of the three European countries and the United States,…
https://en.energytoday.ir/iran-iaea-interactions-must-occur-in-non-political-atmosphere/
Goldman Sachs Expects Brent Oil to Average $76 per Barrel in 2025
Brent Crude oil prices are set to average $76 per barrel next year, down from an expected average of $80 a barrel in 2024, amid an expected surplus on the market, according to Goldman Sachs. “Our base case is that Brent stays in a $70-85 range, with high spare capacity limiting price upside, and the…
https://en.energytoday.ir/goldman-sachs-expects-brent-oil-to-average-76-per-barrel-in-2025/
BP to Spend $7 Billion on Indonesia Gas Field with Carbon Capture
BP has struck a deal to develop a natural gas field in Indonesia, complete with a carbon capture system. The deal’s value is seen at $7 billion, with resources to be tapped estimated at 3 trillion cubic feet. “This project not only unlocks a fantastic gas resource, it also represents an Indonesian first through the…
https://en.energytoday.ir/bp-to-spend-7-billion-on-indonesia-gas-field-with-carbon-capture/
Russia’s Gas Exports via Ukraine Remain Stable despite OMV Dispute
Russian natural gas flows to Europe via Ukraine have remained stable this week despite the fact that Gazprom cut off supply to Austria’s OMV over the weekend. Gazprom is sending 42.4 million cubic meters of gas to Europe via Ukraine on Thursday, Reuters quoted the Russian gas giant as saying. This volume has not changed…
https://en.energytoday.ir/russias-gas-exports-via-ukraine-remain-stable-despite-omv-dispute/
Saudi Aramco Plans Regular Debt Issues
Saudi Aramco plans to regularly tap the bond market for debt issuance as it looks to optimize capital structure and widen its investor base, Ziad Al-Murshed, chief financial officer of the world’s biggest oil firm, told Bloomberg in an interview. “You’ll see us do a couple of things. One is, just take on more debt…
https://en.energytoday.ir/saudi-aramco-plans-regular-debt-issues/
Trump Wants to Resurrect Keystone XL
President-elect Donald Trump intends to revive the construction of the Keystone XL pipeline on his first day in office—just like President Biden shut it down on his first day in office. A Politico report citing unnamed sources with knowledge of the situation said that the president-elect’s transition team was discussing Keystone XL with a view…
https://en.energytoday.ir/trump-wants-to-resurrect-keystone-xl/
Daily Output of Iranian Gas Refineries Stands at 840 mcm
Iranian gas refineries are currently producing 840 million cubic meters (mcm) of gas per day, according to the director of production coordination and supervision of the National Iranian Gas Company (NIGC). Speaking to the press on the sidelines of a visit to Ilam Refinery, Mohammad-Reza Jolaei, said natural gas accounts for more than 75 percent…
https://en.energytoday.ir/daily-output-of-iranian-gas-refineries-stands-at-840-mcm/
Russia’s Natural Gas Flows to Austria Rise despite OMV Cutoff
Requests from customers in Austria and Slovakia for Russian natural gas supply via Ukraine rose by 6% on Tuesday compared to Monday, even as Gazprom cut off supply to Austrian energy group OMV this weekend amid a contractual dispute. Nominations from companies in Austria and Slovakia were still 12% below last week’s levels, which was…
https://en.energytoday.ir/russias-natural-gas-flows-to-austria-rise-despite-omv-cutoff/
Austria still Seeing Russian Gas Flows amid Gazprom Dispute
Austria appears to be still receiving some Russian gas two days after the country’s integrated energy company, OMV, declared it would stop paying Gazprom to offset a 230 million-euro ($242 million) arbitration award by the International Chamber of Commerce over a previous gas cut-off. According to Reuters, gas flows from Slovakia--a transit route mostly for…
https://en.energytoday.ir/austria-still-seeing-russian-gas-flows-amid-gazprom-dispute/
Global Natural Gas Demand and Inventories Rose in September
Global natural gas demand rose by 6.1 billion cubic meters (bcm) in September from a year earlier, and inventories jumped to a record high, the Joint Organizations Data Initiative (JODI) said in its monthly oil and gas overview on Monday. Worldwide natural gas production also rose year-over-year by 7.65 bcm in September, according to the…
https://en.energytoday.ir/global-natural-gas-demand-and-inventories-rose-in-september/
French Terminals Import Record Volumes of LNG from Russia
France is importing record volumes of Russian LNG even as overall LNG purchases are falling, ship-tracking data compiled by Bloomberg showed on Monday, highlighting Europe’s growing imports of Russian LNG. So far this year, France has already imported more LNG from Russia’s Yamal export plant than in any other full year since these deliveries began…
https://en.energytoday.ir/french-terminals-import-record-volumes-of-lng-from-russia/
Austria Says Russia to Stop Gas Supply from Saturday
The Austrian chancellor said on Friday that Russia's Gazprom will stop gas supply to Austria from Saturday. "What we have been preparing for since the outbreak of war in Ukraine has happened. I was informed this afternoon that Gazprom will stop deliveries to (Austrian gas company) OMV tomorrow morning," Karl Nehammer said on X. Nehammer…
https://en.energytoday.ir/austria-says-russia-to-stop-gas-supply-from-saturday/
Sinopec, Aramco Start Building Petrochemical Complex in China’s Fujian
Sinopec Corp said on Monday that the company and Saudi Aramco have started constructing a refinery and petrochemical complex in southeast China’s Fujian province. The new venture includes a 16 million metric ton-per-year (tpy), or 320,000 barrels per day refinery, a 1.5 million tpy ethylene plant, a 2 million paraxylene facility as well as a…
https://en.energytoday.ir/sinopec-aramco-start-building-petrochemical-complex-in-chinas-fujian/
Russia Eyes New Gas Route to China, Betting Big on Growing Demand
Russia is eyeing yet another pipeline to China, this time via Kazakhstan, capable of delivering up to 35 bcm of natural gas annually. Announced by Deputy Prime Minister Alexander Novak, the plan comes as Moscow pivots hard toward Beijing, already shipping 40 bcm of gas to the Asian giant this year. With Europe now firmly…
https://en.energytoday.ir/russia-eyes-new-gas-route-to-china-betting-big-on-growing-demand/
EU Spokesman Hopes for Resumption of Nuclear Talks with Iran
The European Union's Lead spokesperson for foreign affairs and security policy has expressed hope that the bloc's nuclear diplomacy with Iran will soon resume. "We hope that nuclear diplomacy can resume soon since a solution to the Iran nuclear issue cannot wait any longer. It will also be conducive to the stabilization of the region,"…
https://en.energytoday.ir/eu-spokesman-hopes-for-resumption-of-nuclear-talks-with-iran/
Czech Republic to End Russian Oil Imports by next Summer
The Czech Republic will phase out Russian oil imports by July 2025, Deputy chairman of the statement pipeline company MERO suggested on Friday. The move is part of the country's energy diversification journey, although it hinges on the completion of a $60 million upgrade to the Trans Alpine (TAL) pipeline. The upgrade will double TAL's…
https://en.energytoday.ir/czech-republic-to-end-russian-oil-imports-by-next-summer/
Brazil’s Petrobras Plans up to $55 Billion in Dividends by 2029
Petrobras plans to pay ordinary dividends totaling $45 billion-$55 billion by 2029, with room for additional extraordinary distributions to shareholders in the period, the Brazilian state oil and gas giant said in the presentation of its five-year business plan. “Robust free cash flow allows for solid dividend estimates, projecting US$ 45-55 billion in ordinary dividends…
https://en.energytoday.ir/brazils-petrobras-plans-up-to-55-billion-in-dividends-by-2029/
World’s Largest Climate Fund Sees Few Investment Opportunities
Alterra, the world’s largest private climate investment fund of $30 billion launched by the United Arab Emirates (UAE) last year, sees a lack of investment opportunities in the energy transition and has only spent a small part of its money, the fund’s chief executive Majid Al Suwaidi told Bloomberg. There aren’t attractive investment deals in…
https://en.energytoday.ir/worlds-largest-climate-fund-sees-few-investment-opportunities/
U.S. LNG Exports to Europe Set to Surge as European Gas Prices Soar
As Europe’s benchmark natural gas prices have hit a one-year high, their premium over with the U.S. benchmark gas price has widened well above 2024 averages, signaling that U.S. LNG exporters will likely further boost deliveries to Europe to take advantage of the widening spread. Currently, the price of the U.S. benchmark, Henry Hub, is…
https://en.energytoday.ir/u-s-lng-exports-to-europe-set-to-surge-as-european-gas-prices-soar/
Exxon, Hess, and CNOOC Schedule Oil Output Boost in Guyana
Exxon, Hess, and CNOOC plan to add a fourth production vessel to the ones already operating in the Stabroek Block offshore Guyana, Hess Corp.’s CEO has said, as quoted by Reuters. The floating production, storage, and offloading vessel should reach its destination in the first quarter of next year, John Hess said, speaking at the…
https://en.energytoday.ir/exxon-hess-and-cnooc-schedule-oil-output-boost-in-guyana/
Europe’s Top Oilfield Returns to Full Capacity after Outage
The giant offshore Johan Sverdrup oilfield, Western Europe’s biggest producing field, has resumed normal operations at full capacity following a power outage on Monday, a spokesperson for the operator, Equinor, told Reuters on Wednesday. “The entire production facility at Johan Sverdrup resumed operations yesterday and is now producing steadily at normal levels,” said the spokesperson…
https://en.energytoday.ir/europes-top-oilfield-returns-to-full-capacity-after-outage/
IAEA BoG Opens Meeting with Grossi’s Speech
International Atomic Energy Agency's Board of Governors has started its quarterly meeting on Wednesday in Vienna with its Director General Rafael Grossi's opening speech. "Addressed the @IAEAorg Board of Governors this morning. Shared updates on #COP29, Iran, Ukraine, nuclear energy and fusion, #Atoms4Food, #RaysofHope, and more," Grossi wrote in a post on X on Wednesday.…
https://en.energytoday.ir/iaea-bog-opens-meeting-with-grossis-speech/
Petrobras Announces $111-Billion Investment Plan
Brazil’s Petrobras plans to spend $111 billion in the five years between 2025 and 2029, with $77 billion of this total earmarked for oil and gas exploration and production activities, Reuters reported, citing a securities filing. The new spending figure is $10 billion higher than an earlier version of the investment plan, where exploration and…
https://en.energytoday.ir/petrobras-announces-111-billion-investment-plan/
U.S. Electricity Exports to Canada Jump
Reduced hydropower generation in Canada and low natural gas prices in the U.S. have resulted in a jump in U.S. exports of electricity to Canada since 2023, according to estimates by the U.S. Energy Information Administration (EIA). The U.S. and Canada have been each other’s main electricity trade partners for decades, and for most of…
https://en.energytoday.ir/u-s-electricity-exports-to-canada-jump/
Saudi Arabia’s Crude Oil Exports Hit a 3-Month High in September
Saudi Arabia’s crude oil exports increased by 80,000 barrels per day (bpd) to 5.75 million bpd in September—the highest in three months, the latest data from the Joint Organizations Data Initiative (JODI) showed on Monday. The September crude exports were the highest since June, likely due to the lower direct crude burning for power generation…
https://en.energytoday.ir/saudi-arabias-crude-oil-exports-hit-a-3-month-high-in-september/
Rising Costs will Keep Offshore Wind Industry from Reaching Goals
The world is far from reaching its offshore wind capacity installation targets amid rising costs and canceled lease sales, analysts and government and industry representatives have told Reuters. Last year, governments set a goal to triple overall renewable energy capacity by 2030. Currently, the world is off track to reach these goals, and much of…
https://en.energytoday.ir/rising-costs-will-keep-offshore-wind-industry-from-reaching-goals/
Oil Rises amid Escalating Russia-Ukraine Tension
Oil prices edged up on Monday after fighting between Russia and Ukraine intensified at the weekend, though concern about fuel demand in China, the world’s second-largest consumer, and forecasts of a global oil surplus weighed on markets. Brent crude futures gained 29c, or 0.4%, to $71.33 a barrel by 5.02am GMT, while US West Texas…
https://en.energytoday.ir/oil-rises-amid-escalating-russia-ukraine-tension/
Iran to Boost Oil Exports Infrastructure on Kharg Island
The head of the Iranian Oil Terminals Company (IOTC) says that the oil export infrastructure will be developed on Kharg Island in the south of Iran. A project on renovating and repairing the western berths of Kharg is a significant step towards boosting oil exports in the country, Abbas Asadrooz said on Sunday during his…
https://en.energytoday.ir/iran-to-boost-oil-exports-infrastructure-on-kharg-island/
Iran Says it Hit Record Daily Gas Production in South Pars
Iran’s state-run Pars Oil and Gas Company says daily output from the field reached an all-time high earlier this week amid growing demand for natural gas in the country’s electricity sector. The company said on Saturday that combined production from 28 phases of South Pars had hit a record of 711 million cubic meters (mcm)…
https://en.energytoday.ir/iran-says-it-hit-record-daily-gas-production-in-south-pars/