Saturday, June 13, 2026

PetroChina Expands Receiving Capacity of LNG Terminals

From Reuters: Top Chinese oil and gas firm PetroChina started up new storage tanks for liquefied natural gas (LNG) at two receiving terminals, getting ready to meet winter demand for the heating fuel, according to officials and an industry website. PetroChina started operating a 200,000 cubic meter tank last week in Rudong, eastern Jiangsu province, as well as regasification facilities

Total to Avoid U.S. Sanctions in Iran Deal by Financing the Project in Euros

From The Wall Street Journal: French oil company Total SA said it would avoid U.S. sanctions on Iran by using its own euro-denominated cash to finance the first Western energy deal in the Islamic Republic since international restrictions over its nuclear program were lifted this year. “This confirms we have a capacity to work with the Iranian government and that