Algerian Sonatrach: We Cannot Replace Russian Gas Deliveries

Sonatrach CEO Toufik Hakkar explained that Algeria currently has some billions of cubic meters of gas in surplus, but they are insufficient to replace Russian gas deliveries to meet Europe gas needs.

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Iraq Exports $11.07 Billion of Oil During March, Highest for 50 Years

Iraq exports of oil reached $11.07 billion last month, the highest level for half a century, as crude prices soared amid shortfall fears following Russia invasion of Ukraine, the oil ministry said.

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CNOOC plans North Sea oil exit in strategic shift

China biggest offshore producer CNOOC Ltd is preparing to exit one of the North Sea largest field in a strategic shift of focus to newer oil and gas developments and away from Western assets, banking and industry sources said

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UAE will work with OPEC+ to make sure energy market is stable, minister says

The UAE is trying to do its best and raise its capacity to 5 million barrels but that does not mean it plans to leave OPEC+ or do something unilaterally

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Italy eying two floating LNG plants to cut Russia gas reliance

Italy is looking to install two floating storage and regasification units (FSRUs) to boost liquefied natural gas (LNG) imports as part of plans to cut reliance on Russian gas, three sources familiar with the matter said on Tuesday

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Jordan EMRC plans to utilise compressed natural gas from Risha field — official

The Energy and Minerals Regulatory Commission (EMRC) intends to utilise compressed natural gas from Risha gas field, according to the director of the Natural Gas Directorate, Abd Al Salam Al Zyoud

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Eni pledges more gas for Europe to help cut reliance on Russia

Italian energy group Eni said on Friday it could provide extra gas to Europe to help reduce reliance on Russian supplies after Moscow invasion of Ukraine. Eni made the pledge as it set out its strategy to 2025, promising investors better returns and vowing to pick up the pace on its climate ambition to be carbon neutral by 2050.

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India considers buying discounted Russian oil, commodities, officials say

India is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rouble transaction, two Indian officials said, amid tough Western sanctions on Russia over its invasion of Ukraine

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