Middle East
Iran war deals harder blow to natural gas than oil
Key gas infrastructure - liquefaction plants in particular - is more complex and expensive to build and repair than the oil equivalent. That means oil refineries can often resume operations more quickly than liquefied natural gas export hubs after a shutdown.
UAE's ADNOC Gas adjusts LNG output in response to shipping disruption
The gas subsidiary of ADNOC, Abu Dhabi's state oil firm, said it made temporary adjustments to its production of liquefied natural gas and export-traded liquids in response to ongoing shipping disruption in the Strait of Hormuz. The U.S.-Israeli war on Iran escalated sharply over the weekend after ..
ADNOC L&S confirms early delivery of LNG Carrier ‘Arada’
ADNOC Logistics and Services confirmed the early delivery of Arada, a 175,000-m³ liquefied natural gas (LNG) carrier constructed by Jiangnan Shipyard in China. Arada is the fifth of six newbuild LNG carriers ordered by ADNOC L&S as part of its ongoing fleet expansion program. Following delivery, ..
Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years
Will have to declare force majeure on LNG contracts for up to five years Some 12.8 million tons per year of LNG offline Means about $20 billion of lost annual revenue ExxonMobil holds stakes in damaged LNG facilities Will also impact condensate, LPG, helium, naphtha exports Qatar's North Fi..
Iran's giant South Pars gas field at the center of Gulf war escalation
The reservoir contains an estimated 1,800 Tft3 (51 Tm3) of usable gas - enough to supply the world's needs for 13 years.
QatarEnergy CEO: Iran attack wipes out 17% of Qatar’s LNG capacity for up to five years
Iranian attacks have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated $20 B in lost annual revenue and threatening supplies to Europe and Asia.
Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
QatarEnergy says missile attacks caused extensive damage at Ras Laffan Industrial City, a key LNG export hub, raising concerns about disruptions to global gas supply.
Qatar offloads five LNG slots at Belgium's Zeebrugge terminal for April
Qatar, the world's second-largest exporter of LNG, announced a production halt at its 77-metric MMtpy facility earlier this month and declared force majeure on LNG shipments because of the intensifying conflict in the Middle East.
Asia pivots to coal as Middle East conflict chokes LNG supply
Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry officials say, as the U.S.-Israeli war on Iran chokes liquefied natural gas (LNG) shipments and soaring prices threaten to suppress LNG demand.
Uzbekistan improves gas network to benefit households and businesses
The World Bank has approved a $10.6-MM grant to help Uzbekistan reduce leaks in its aging gas transmission system and recover valuable gas to power households and industry, boosting energy security, state revenues and job creation.
Helium prices soar as Qatar LNG halt exposes fragile supply chain
Because helium is extracted as a byproduct of natural gas processing, any disruption to LNG output directly cuts helium supply.
Shell declares force majeure to clients who buy Qatari LNG
Qatar, the world's second-largest exporter of LNG, announced a production halt at its 77-MMtpy facility last week and declared force majeure on LNG shipments.
Conflict tensions with Iran add new pressure to rising U.S. energy prices
Energy Professionals, an energy consulting firm in the United States, says the escalating conflict with Iran could add new pressure to already rising electricity and natural gas prices across the country.
Iran war causes major oil, gas disruptions
The U.S.-Israeli war on Iran and Tehran's attacks on Gulf neighbors have disrupted oil and natural gas exports from the Middle East and forced production stoppages.
Russia gets export boost from Iran war as price of oil to India surges
The Iran conflict, now in its seventh day, has left the Strait of Hormuz, a critical shipping chokepoint, all but shut, cutting countries off from a fifth of global oil and liquefied natural gas (LNG) supplies.
QatarEnergy offers 10 LNG tankers for lease amid production halt, soaring shipping rates
Qatari Energy Minister Saad al-Kaabi told the Financial Times it would take "weeks to months" to return to normal deliveries, even if the war ended today.
Charting the widening impact of the Iran crisis on energy markets
The repercussions of the ongoing U.S.-Iran war are being felt across the world, with U.S. fuel prices, European natural gas costs and Asian tanker freight rates all jumping sharply since strikes began at the weekend.
More tankers come under attack as U.S.-Iran conflict spreads in the region
Nine vessels have come under attack since the conflict broke out between the U.S., Israel and Iran on Saturday. Iran launched a wave of missiles at Israel early on Thursday and also sent drones into Azerbaijan
There is little U.S. LNG producers can do to immediately replace lost Qatari cargoes
While almost double the 10 Bft3d Qatar was forced to remove from the market on Monday after a wave of attacks, American export plants are running nearly full tilt with most cargoes locked into long‑term contracts.
Russia blames Ukrainian drones for attack on LNG ship in Mediterranean
If confirmed, it would be the first time that Ukraine has attacked a Russian LNG carrier.
Gas giant QatarEnergy throttles LNG supply by declaring force majeure
The move means global gas markets will experience shortages for weeks even in the unlikely scenario the conflict ends today, as Qatar supplies 20% of global liquefied natural gas.
Hormuz shutdown worsens after U.S. hits Iranian warship; tankers stranded for fifth day
The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis that has paralyzed shipping through the Strait of Hormuz for a fifth day and choked off vital Middle East oil and gas flows.
India eyes alternative energy supplies amid Strait of Hormuz disruption
Shipping through the Strait of Hormuz between Iran and Oman, which carries around a fifth of oil consumed globally as well as large quantities of gas, has ground to a near halt after vessels in the area were struck as Iran hit back after U.S. and Israeli strikes.
Iran war could reopen EU debate over Russian gas, Norway says
European gas prices have jumped 75% this week, hitting multi-year highs as hostilities in and around Iran have impacted gas exports from the Gulf.
Asia scrambles for LNG as Qatar halts output due to Iran war
Government officials and company executives in Japan, Taiwan, Bangladesh and Pakistan said they did not expect an immediate impact as some cargoes due this month had already arrived, but they would diversify their import sources and buy liquefied natural gas (LNG) from the spot market if the war drags on.
Austria plans to deepen cooperation with Abu Dhabi, minister says
Austria has had to radically overhaul its energy supply after depending for many years on Russian gas, and ended direct imports from Russia at the end of 2024.
Iran conflict disrupts Middle East oil, fuel, LNG
Fighting has damaged tankers and sharply reduced traffic in the Strait of Hormuz, a pinch point through which some 20% of global oil output and a similar share of liquefied natural gas transits via ships from Middle East producers.
Qatar LNG, Saudi refinery, Israeli oil, gas fields down due to Mideast strikes
Qatar halted its production of liquefied natural gas on Monday, as Iran continued to strike Gulf countries in retaliation for Israeli and U.S. strikes against it, prompting precautionary shutdowns of oil and gas facilities across the Middle East.
European gas prices soar as Qatar halts LNG production
Qatar, soon to cement its role as the world’s second largest LNG exporter after the United States, plays a major role in balancing both Asian and European markets' demand of LNG.
Aramco’s gas strategy builds momentum with major progress towards growth target
Start of production at Jafurah, the Middle East’s largest liquids-rich shale gas play, represents a historic milestone Tanajib Gas Plant, one of the world’s largest gas plants, commences operations Both projects reflect rapid progress in the growth of Aramco’s gas business, as company seeks to..
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- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Cook Inlet LNG advances FSRU project in Alaska (U.S.)
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
