On 1 August the State Oil Company of Azerbaijan (SOCAR Downstream) began supplying gas to #Slovenia's Geoplin d.o.o. Ljubljana. The volumes were not disclosed but the two companies are planning to further develop the long-term #energypartnership.
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Regional Account Manager, ICIS (part of RELX) | Shaping the world by connecting markets to optimise global resources
Turkey has passed a law allowing the sale of Black Sea gas and LNG to Europe. This move enables Turkey to export gas from the Sakarya Gas Field and under long-term contracts in liquefied form, depending on demand. Energy experts see this as an opportunity for Turkey to enter the LNG trade actively, potentially increasing its gas exports to Europe, although the volume and duration of exports will depend on market demand and conditions. Tom Marzec-Manser, Head of Energy analytics at ICIS, highlighted Turkey's capability to re-export LNG stored in its terminals. He noted that converting piped gas into LNG for commercial use would require a liquefaction plant, a complex and expensive endeavor. Marzec-Manser also emphasized Turkey's potential to supply excess pipeline gas to Europe, suggesting that the country's competitive regulatory framework could attract numerous gas companies. #Turkey #BlackSeaGas #LNG #EnergyTrade #EuropeanMarket
https://www.aa.com.tr/tr/ekonomi/son-kanun-degisikligiyle-turkiyenin-karadeniz-gazini-ve-lngyi-avrupaya-satmasi-mumkun-hale-geldi-/3219895
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After an incredible #naturalgas discovery in the #BlackSea last year, #Turkey is ramping up domestic production to take advantage of this opportunity to lessen the amount of gas being imported, particularly from #Russia. However, it will take time for these reserves to reach full production and until then Turkey is finalizing several long-term #LNG contracts for the 2027-2037 period, reported by Natural Gas World. “The agreements, aimed at securing approximately 5-6 billion cubic metres of LNG annually, will meet 12-13% of Turkey's energy needs.” How will Turkey’s approach to a mix of heightened domestic production and increased LNG import activity assist in meeting its #energy needs? And will this supply of gas contribute towards its goal of becoming a regional gas hub connection #Europe and the #MiddleEast? Read Turkey’s Gas Goldmine in the Black Sea to find out:
Turkey’s Gas Goldmine in the Black Sea - RBAC Inc.
https://rbac.com
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[NEWS]: Africa is witnessing a natural gas drive in Angola that is set to revolutionize the continents natural gas industry. From exploration to production to exports, the Angolan oil and natural gas industry is bustling with new initiatives. This past year alone, international oil companies and the Angolan government partnered to award numerous regional operators with …
Energy investments are propelling an African natural gas revolution in Angola | African Mining Market
https://africanminingmarket.com
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The fourth well at #Hungary's Nyékpuszta hydrocarbon site has been put into operation. The first well of the unconventional gas field in the country’s southeast started production last February to strengthen the country's #energysovereignty and #supplysecurity.
Fourth well starts production at Hungary’s new gas field
https://ceenergynews.com
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🇧🇬 🇹🇷 Bulgargaz Makes Proposal to BOTAS to Re-negotiate LNG Terminal Access Deal Bulgarian state-owned natural gas supplier Bulgargaz EAD sent an official proposal to Turkish energy company BOTAŞ to re-negotiate the two companies' agreement which gives Bulgargaz access to liquefied natural gas terminals and the gas transmission network of BOTAS. The draft of a supplementary agreement was attached to the letter, Bulgaria's caretaker Minister of Energy Vladimir Malinov said during a parliamentary hearing on Thursday. In its proposal, Bulgargaz says that its agreement with BOTAS, signed on January 3, 2023, should be updated to reflect the current market price levels for the services provided by BOTAS in the region while at the same time keeping some of the advantages of the agreement such as ensuring the security and diversification of gas supplies. Source ➡️ https://lnkd.in/gwTJWwVG #LNG #BOTAS #Bulgargaz
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🇬🇧 🇪🇸 Centrica and Repsol agree 1.0 MTPA LNG supply deal The deal will see Centrica purchase 1 million tonnes of Liquified Natural Gas (LNG) shipments between 2025 and 2027. All of these cargoes are expected to be delivered to the Grain LNG import terminal in Kent. #LNG #Centrica #Repsol #GrainLNG
Energy security boost after Centrica and Repsol agree LNG supply deal
centrica.com
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Oman LNG has decided to extend its partnerships with international firms, including Shell, beyond 2024. This step signifies the mutual trust and shared vision between these entities for a sustainable future in energy. The extended collaboration will undoubtedly contribute to the ongoing growth and innovation in the global LNG industry. For more details, please visit the link: What are your thoughts on this extended partnership and its potential impact on the global energy landscape? #EnergyIndustry #SustainablePartnerships
Oman LNG extends partnership with international firms, including Shell, beyond 2024
https://www.offshore-energy.biz
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🇦🇴🛢️ The Angolan government is on the move, rolling out strategic initiatives to attract investments into its oil sector amid the global shift towards sustainable energy. José Alexandre Barroso, Secretary of State for Petroleum and Gas, is leading the charge with a dual focus on sustainable development and hydrocarbon exploration. With a visionary approach, Angola aims for the gas sector to contribute to 25% of the country's energy needs by 2025. This ambition is supported by plans for a floating liquefied natural gas (LNG) facility, should the reserves in Block 24 prove sufficient. This initiative is not just about exporting LNG; it's about fostering the development of steel and petrochemical manufacturing, aligning with broader economic diversification and sustainability goals. 🔍 Stay tuned as Angola embarks on partnerships to rejuvenate its oil and gas industry, addressing long-standing production challenges. 👇 To read more about the subject, click the link in the comments! #Angola #OilSector #Oil&Gas #Sustainability #EnergyTransition #InvestmentOpportunity
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Azerbaijan's oil is in decline, but gas is growing #bne #bneEditorsPicks #Azerbaijan #oil #OOTT #natgas #ONGT #pipelines Azerbaijan has established itself as one of the key players in the European energy sector, particularly in the context of oil and gas production and export. Thanks to its geographical position and significant hydrocarbon reserves, the country plays an important role in ensuring Europe's energy security. However, like many other oil-producing countries, Azerbaijan faces a number of challenges, including the depletion of reserves at old fields. In 2023, Azerbaijan's oil and condensate production amounted to 30.2mn tonnes, of which 25.2mn tonnes were exported. Natural gas production was 48.3bn cubic metres (bcm), with 23.8bcm exported, according to the Ministry of Energy – a decline in oil production and an increase in gas production.
Azerbaijan's oil is in decline, but gas is growing
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=== Top 10 Upcoming Gas Projects within Oceania 2023-2027 === • In Oceania, between 2023-2027, a total of 28 crude and natural gas projects are expected to start operations. Of these 7 have identified development plans and 21 are early stage announced projects (pre-FID) • The total natural gas production in Oceania is expected to be 15,600 mmcfd by 2027. Australia contributes 87% of this gas production • Gas production from announced and planned projects in Australia is expected to be around 2,990 mmcfd in 2027. Major natural gas projects include Scarborough, Elk-Antelope (Papua LNG), Equus, and Crux • WoodsideEnergyGroup Ltd is expected to contribute the largest share of gas equating to 1,200 mmcfd in 2027. SantosLtd and GalileeEnergy Ltd follows with 328 mmcfd and 231 mmcfd respectively #libya#Gcc #oil&gas#International Business #International Consulting #petroleum #international Services #consultancy services
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