(Oil & Gas 360) – The Middle East remains the center of gravity in global energy, but it is no longer viewed as a stable foundation. It is now both the system’s anchor and its primary fault line. No other region combines scale, cost advantage, and spare capacity the way the Middle East does. Saudi Arabia and the UAE continue
(BOE Report) – QatarEnergy has yet to update its liquefied natural gas (LNG) customers on the impacts of recent attacks on its gas plants, Edison CEO Nicola Monti said on Tuesday. Monti said a pause in LNG supply until mid-June, which QatarEnergy notified the Italian utility of last week, was mainly due to the shipping blockade in the Strait of
(World Oil) – Missile strikes on Qatar’s Ras Laffan Industrial City are expected to have a prolonged impact on global LNG supply, with recovery timelines now likely to extend well beyond initial expectations, according to new analysis from Wood Mackenzie. The attacks damaged key infrastructure, including the Pearl gas-to-liquids (GTL) facility and multiple LNG trains, following earlier disruptions that had
(Oil Price) – Oil prices could soar to $150 per barrel or more if the Middle East war continues until the end of March, Kpler says, as the conflict escalates with Iran intensifying attacks on energy infrastructure in the region. “With this huge outage of supply it is just a matter of time where prices really catch up with the fundamentals
(Oil Price) – The Middle East war and the resulting production halt at the world’s second-largest LNG exporter, Qatar, are erasing the projected glut of the fuel that was expected before the region was set on fire, according to Morgan Stanley. Qatar’s state energy firm QatarEnergy last week halted LNG production at its Ras Laffan hub, the world’s largest LNG complex,
(Oil Price) – The United States and Qatar have joined forces for a fresh warning to Brussels that its corporate sustainability directive risks LNG imports from two of the world’s biggest exporters at a time when the EU is trying to ban all Russian gas imports. Per a joint letter cited by the Financial Times, Washington and Doha are concerned that the directive
(Oil Price) – The United States will remain the world’s largest LNG exporter in 2024 ahead of Qatar and Australia as America’s liquefied natural gas shipments are set to increase to a new record high from the previous all-time high of 2023. The United States is on track to export a total of 86.9 million metric tons of LNG this year,
Oil Price Qatar will invest $180 million in a Europe-based critical minerals investment company, joining the U.S. development bank in supporting the firm that invests in key metals for the energy transition outside China. Qatar Investment Authority (QIA), the Gulf nation’s sovereign wealth fund, said on Wednesday it would invest $180 million in TechMet, an investment company focused on building businesses across
Oil Price Venezuela’s president, Nicolas, Maduro, has accepted a U.S. proposal for a new round of talks on local policies and the future of U.S. oil sanctions on Caracas. “I have received the proposal during two continuous months from the United States government to reestablish talks and direct dialogue,” Maduro said on Venezuelan television, as quoted by the Associated Press “After thinking
Oil Price TotalEnergies and QatarEnergy are expanding their efforts to explore for oil and gas in the Orange Basin offshore Namibia by acquiring a nearby license in the basin in South African waters. TotalEnergies and its partner QatarEnergy have signed an agreement to buy participating interests in Block 3B/4B offshore South Africa from the companies Africa Oil South Africa, Azinam,
Nasdaq MILAN, March 5 (Reuters) – Vitol-backed energy storage company VTTI is close to acquiring a majority stake in Italy’s biggest liquefied natural gas import terminal from Exxon Mobil XOM.N and QatarEnergy, two sources with knowledge of the matter said on Monday. The deal, which sources previously said could value the entire terminal at about 800 million euros ($868 million), would give VTTI a role in
Nasdaq Saad al-Kaabi, the head of Qatar’s state-run energy company, said on Monday all oil and gas trade should be depoliticized, calling for policies to move away from sanctions and anti-free market agreements. The comments by Kaabi, who is also Qatar’s minister of state for energy, come ahead of a Gas Exporting Countries Forum (GECF) meeting in Egypt and echo
