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Exxon to make $500 million initial investment in Mozambique LNG project

Exxon Mobil plans to invest more than $500 million in the initial construction phase of its liquefied natural gas (LNG) project in Mozambique.

read more... 08/10/2019

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Qatar building large CO2 storage plant

Qatar commissioned a carbon capture-and-storage plant and aims to sequester five million tonnes of carbon dioxide from its liquefied natural gas (LNG) facilities by 2025.

read more... 08/10/2019

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Iran Planning to Build LNG Park with 3m-Tonne Capacity: Minister

Iranian Oil Minister Bijan Namdar Zanganeh said the country plans to construct an LNG park with an annual capacity to produce three million tons of liquefied natural gas.

read more... 07/10/2019

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Daily (03.10.2019): UK gas futures posted important losses on Wednesday amid strong pipeline and LNG supplies

Crude oil prices extended losses on Wednesday, after data showed a build in the U.S. crude inventories. Furthermore, pessimistic economic data in the U.S. dragged down the equities market, weighing on the global oil demand. Fading geopolitical tensions in the Middle East stoked oversupply fears, adding to the market bearishness. Against that background, Brent crude dropped by 2% to $57.69 a barrel, while WTI futures settled 1.8% lower at $52.64 a barrel.

read more... 03/10/2019

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Russia plans to increase LNG output to 120 - 140 mln tonnes by 2035, says Putin

In the next 15 years, Russia plans to increase annual production of liquefied natural gas (LNG) to 120-140 mln tonnes, Russian President Vladimir Putin said on Wednesday at the Russian Energy Week.

read more... 02/10/2019

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