President Emmanuel Macron said France will receive liquefied natural gas from Qatar during the winter months and will work to lower fuel transport costs from the Persian Gulf as it seeks to curb soaring energy prices.
Qatar is offering to take over Lebanon’s power supply problem at no upfront cost to Beirut. A draft program seen by Reuters has Qatar building two gas-fired power plants within three years and QatarEnergy supplying the gas under a 20-year LNG contract, with private financing in place of Lebanese public money. The document leaves payment obligations and guarantees open for negotiation, and Lebanon’s state utility currently delivers only a few hours of electricity a day.
Qatar has ramped up liquefied natural gas tanker traffic through the Strait of Hormuz to the highest in more than two months, a sign it’s becoming more comfortable moving ships through the waterway
Strikes on Qatar’s North Field and Iran’s South Pars have disrupted operations across the world’s largest gas resource, with about 4.5 Bcfd of Qatari gas-processing capacity affected and repairs potentially taking up to a year, according to Wood Mackenzie. North Field and South Pars form a single supergiant gas structure spanning roughly 9,000 sq km […]
Kuwait and Qatar – two of the Persian Gulf’s smaller oil producers – are sending more crude through the Strait of Hormuz, adding to an increase in shipments that are keeping global prices in check.
Petroleum Minister Ali Pervaiz Malik on Sunday said plans were underway to launch a scheme with Saudi Arabia, Kuwait and Qatar for oil storage to strengthen energy security.
Shell PLC (LSE:SHEL, NYSE:SHEL) shares jumped over 2% after it said stronger trading and improved refining margins should support second-quarter performance, although production has been hit by disruption to output from Qatar following the war in the Middle East.
US negotiators Jared Kushner and Steve Witkoff had positive discussions with regional leaders in Qatar and technical talks with Iran are moving ahead, according to a senior administration official, as the countries seek to ease tensions in the wake of recent attacks that imperiled an already fragile ceasefire. The two Americans were in Doha as […]
In the latest sign of recovering oil flows in the Persian Gulf, Qatar inked a deal with a Taiwanese refiner for the sale of a cargo of Al-Shaheen crude, Bloomberg reported today, citing unnamed trading sources.
Natural gas markets are on course to return to balance in the third quarter of the year as the Strait of Hormuz reopens, the head of the Gas Exporting Countries Forum has said.