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By Maha El Dahan, Andrew Mills and Yousef Saba QatarEnergy boss says he warned US energy secretary and executives Says earlier evacuation meant pulling out 10,000 workers in 24 hours Says North Field expansion could be delayed by more than a year Says difficult to describe how he feels after Iran attack DUBAI, March 20 …
Qatar’s Energy Boss Says He Had Warned of Dangers of Provoking Iran Read More »
(Reuters) – Iraq has declared force majeure on all oilfields developed by foreign oil companies, as military operations in the region have disrupted navigation through the Strait of Hormuz, preventing most of the country’s crude exports from moving, oil ministry sources said. Reporting by Aref Mohammed and Ahmed Rasheed, Editing by Louise Heavens
(Reuters) – Liquefied natural gas (LNG) supplies from Qatar to India could be impacted following Iranian strikes on energy facilities in the Middle Eastern nation, a government official said on Friday. India, the world’s fourth-largest LNG importer, relies on Qatar for about 41% of its gas imports. In 2024/25, India imported over 27 million metric …
India Sees Qatar LNG Supply Cut After Iran Strike Read More »
CEO says Iran war has bolstered the outlook for the Ksi Lisims LNG project which will need a pipeline partner By Meghan Potkins Two years after exiting a key pipeline project tied to a proposed new liquefied natural gas terminal on British Columbia’s coast, TC Energy Corp. chief executive François Poirier says the company could …
(Reuters) – Prime Minister Anthony Albanese has asked Australia’s Treasury to model options for a tax on the windfall profits of gas companies, the Australian Broadcasting Corporation reported on Friday, as well as to suggest reforms to the Petroleum Resources Rent Tax ahead of the annual budget in May. Australia is the world’s third-largest LNG …
The International Energy Agency chief Fatih Birol warned in an interview with the Financial Times on Friday that it could take up to six months to restore oil and gas flows from the Gulf, saying the world is facing what could be the most severe energy crisis in history. “It will be six months …
Restoring Oil Flow From Gulf Could Take Six Months, IEA Chief Tells FT Read More »
As Somali pirates hijacking giant cargo vessels and tankers from tiny motorised skiffs wreaked havoc across the region from the mid-2000s to the early 2010s, a tiny group of UK military reservists in a bungalow in the gardens of the British diplomatic mission in Dubai found themselves fielding daily calls from panicked merchant ships. The …
Shipping Strikes, Oil Price Spikes and a Deadly New Gulf Crisis Read More »
The industry is staring down prolonged disruptions in the Persian Gulf. Emerging economies are already paying the price. By Ruth Liao, Stephen Stapczynski and Priscila Azevedo Rocha Each week the world’s largest liquefied natural gas plant remains shut, the world loses the equivalent of enough energy to power Sydney’s homes for an entire year. Qatar’s …
War in Iran is Reshaping the Global Gas Market for Years to Come Read More »
(Reuters) – Goldman Sachs said on Thursday that risks to oil prices remain skewed to the upside both in the near term and into 2027. The bank added that the persistence of several past large supply shocks highlights the possibility that oil prices could remain above $100 per barrel. Benchmark Brent crude surged above $119 …
Goldman Sachs Flags Upside Risks to Oil Prices in Near Term and Into 2027 Read More »
(Reuters) – Iranian attacks have knocked out 17% of Qatar’s liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy’s CEO told Reuters on Thursday. Saad al-Kaabi said two of Qatar’s 14 LNG trains and one of its two gas-to-liquids (GTL) facilities …
