Russia and Ukraine Reach Deal on Gas Transit to Europe

By Vladimir Soldatkin and Natalia Zinets MOSCOW/KIEV, Dec 31 (Reuters) - Russian and Ukrainian companies signed a final five-year agreement safeguarding Russian gas transit to Europe via Ukraine, Kremlin-controlled gas giant Gazprom and Ukrainian President Volodymyr Zelenskiy said on Monday night. The deal, which came just 24 hours before the current agreement expires on … [Read more...]

Frigid U.S. Takes Gas From U.K. Site Where Russia’s First Yamal Cargo Was Delivered

By Rob Verdonck and Elena Mazneva (Bloomberg) -- Not many people had expected the U.S. to turn to Europe for natural gas this winter. Yet the polar chill that gripped the U.S. East Coast this month, and sent spot prices to records, has led to a tanker loading a cargo of liquefied natural gas in the U.K. for Boston, some of which was likely produced by a project in Siberia … [Read more...]

Iran Inaugurates New Gas Projects at Giant Offshore Field

By Hashem Kalantari (Bloomberg) -- Iran, holder of the world’s biggest natural gas reserves, boosted output by inaugurating six projects at the giant South Pars offshore field. The country raised total production capacity at South Pars to 570 million cubic meters a day of gas, putting it almost on par with neighboring Qatar, which produces from an adjacent portion of … [Read more...]

Israel Courting Energy Heavyweights to Seek Offshore Gas

By David Wainer (Bloomberg) -- Israel’s Energy Minister Yuval Steinitz is out to persuade big energy explorers put off by years of regulatory turmoil to search for natural gas off his country’s shores. At a road show in London this week, Steinitz will sit down with executives from large and mid-sized energy companies to make his case that prospects for finding big … [Read more...]

Eni Finds Largest Mediterranean Gas Field Ever Offshore Egypt

    By Anthony DiPaola (Bloomberg) -- Eni SpA discovered a “super giant” natural gas field offshore Egypt in what the Italian oil company said is the largest find in the Mediterranean Sea. The deep-water deposit in the Zohr Prospect in the Shorouk block may hold 30 trillion cubic feet of gas, equivalent to 5.5 billion barrels of oil, Eni said in an … [Read more...]