Author: Rigs & Barge World
The global LNG market is on the cusp of a new supply wave that will push it into a new cycle of oversupply, definitively bringing to an end the era of high prices that was sparked by Russia tightening supplies to Europe in 2021 ahead of its invasion of Ukraine the next year. The US and Qatar are leading this surge in new capacity, and between them account for around two thirds of the 287mn t/y extra capacity by 2031 that is expected under the IEA’s LNG project tracker. (CONTINUED – 942 WORDS) Read this article for free Gain access…
Qatar this week laid to rest any notion that it was struggling to secure long term sales commitments for volumes from its LNG expansion trains. QatarEnergy signed sales contracts for 5mn t/y of LNG during the triennial International Conference & Exhibition on Liquefied Natural Gas in Doha (LNG2026). The agreements with Petronas and Jera were the first since December 2024, when a 700,000 t/y five-year deal was reached with India’s Gail. (CONTINUED – 1557 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details backed by data Exclusive information from…
As the war between the Sudanese Armed Forces (SAF) and the rival paramilitary Rapid Support Forces (RSF) nears its three-year mark, recent military escalations threaten to expand the conflict, drawing in regional states. Egypt has been clear about its position on the war since the beginning, providing continuous political and technical support to the Sudanese army. (CONTINUED – 886 WORDS) Read this article for free Gain access to over 60-years of energy analysis and news Delve into the details backed by data Exclusive information from high-level officials Assess future risks and opportunities Source link
Tunisia’s ambitious renewable energy strategy is gaining momentum in 2026 after years of stalled plans and financing delays (MEES, 3 January 2025). The government this month awarded contracts for 327MW of wind and solar power projects as it seeks to reduce its reliance on gas imports, which remain the dominant component in Tunisia’s power mix. Renewable energy’s share of power generation had hovered around 3% of the power mix for a decade, but progress is being made, with new increments added over the past three years. The share of renewables hit 5.1% for 2024 (MEES, 28 March 2025), and that…
Saudi Arabia’s Liquids Displacement Program (LDP) is beginning to have an impact on global trade flows. For years, Saudi oil burn was on a steady upwards trajectory as a rising population drove strong electricity demand and domestic gas production growth was unable to keep up. Oil burn ultimately peaked at 1.1mn b/d over 2022-2024 before targeted investments in gas and renewables finally put it in reverse. Oil burn fell by around 100,000 b/d in 2025, with the latest Jodi data to November implying that it could have fallen below 1mn b/d on an annual basis for the first time since…
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with senior leaders from US oil major Chevron in Washington to accelerate the technical and commercial agreements required to link Cyprus’ Aphrodite gas field to Egyptian infrastructure. The meeting established a roadmap for further negotiations, with all project parties set to convene in Cairo by the end of March 2026, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR). The discussions focused on finalizing the framework for transporting gas from the Aphrodite field to Egypt’s processing facilities. Badawi emphasized that leveraging Egypt’s established infrastructure is the…
The Three Pillars of ContentionThe “tall order” of these negotiations rests on three deeply entrenched issues:The Nuclear Issue: Washington continues to demand that Iran permanently halt high-level uranium enrichment. While Tehran has expressed a willingness to discuss its nuclear program, it maintains that enrichment for civilian energy and medical needs is a sovereign right.Ballistic Missiles: The U.S. remains concerned about Iran’s missile range, which currently extends to 2,000 km—capable of reaching Israel and regional U.S. assets. Iran has labeled its missile program a “red line,” viewing it as its primary conventional deterrent.Regional Militancy: A core U.S. demand is the cessation…
QatarEnergy has entered into a long-term agreement with Malaysia’s state energy firm, Petronas, to supply two million tons of liquefied natural gas (LNG) annually for 20 years. The sales and purchase agreement, scheduled to begin in 2028, marks the first long-term LNG supply partnership between the two national energy giants. The deal was finalized in Doha on the sidelines of the LNG2026 international conference. It was signed by Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and CEO of QatarEnergy, and Tengku Muhammad Taufik, President and Group CEO of Petronas. Under the terms of the agreement, LNG volumes…
Libya signed a number of upstream agreements this week, most notably a $20bn deal with the Waha consortium grouping state firm NOC with Tota… Source link
Karim Badawi, Minister of Petroleum and Mineral Resources, has honored Amr Tawfik from the Refining and Manufacturing Department at the Egyptian General Petroleum Corporation (EGPC) for developing a locally made demulsifier used for injection in oil wells, with specifications comparable to imported products. The chemical helps separate water from the produced crude and reduces its viscosity. In recognition of the achievement, the minister also honored the team responsible for the product’s localization and marketing, which included Michael Wagdy of the Cairo Oil Refining Company (CORC) and Ehab Shokry of Khalda Petroleum Company, according to a statement by the Ministry of…