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Kuwait

TotalEnergies, QatarEnergy and Petronas receive exploration licence offshore Guyana
TotalEnergies, QatarEnergy and Petronas have signed a production sharing contract to explore the offshore S4 block in Guyana, marking a new step in the country’s opening to operators beyond ExxonMobil.
KNPC plans gas production increase to 18.3 million cylinders by 2027
Kuwait National Petroleum Company aims to boost gas production to meet domestic demand driven by demographic growth and new residential projects.

Kuwait in talks for 1.5 GW battery storage to ease grid pressure

Kuwait is preparing a battery storage project with a capacity of up to 6 GWh to stabilise its power grid and address rising electricity demand.
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Vallourec to deliver over 30,000 tonnes of pipes for TotalEnergies in Iraq
TotalEnergies has tasked Vallourec with supplying tubular solutions for drilling 48 wells as part of its integrated gas project in Iraq, reinforcing their ongoing industrial cooperation on the Ratawi field.
Pakistan cancels 21 Eni LNG cargoes and seeks to renegotiate its contracts with Qatar
Pakistan cancels 21 planned LNG cargoes from Eni due to a gas surplus and negotiates with Qatar for potential deferment or resale of shipments.

China cancels VAT rebate and reshapes the global solar market

China's decision to cancel the 13% VAT rebate on photovoltaic module exports triggers a sharp price adjustment and reshapes a market under pressure for the past two years.
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Qatar threatens to suspend LNG exports to Europe over CSDDD directive
Qatar warns it could halt its liquefied natural gas (LNG) deliveries to the European Union if the CSDDD directive is not softened, a move that reignites tensions surrounding Brussels' new sustainability regulations.
QatarEnergy awards EPC contract for 4.1 MTPA CCS project
QatarEnergy has awarded Samsung C&T Corporation an EPC contract for a 4.1 MTPA carbon capture project, supporting its expansion into low-carbon energy at Ras Laffan.

LNG wave: 300 bcm by 2030, prices and contracts pivot according to the IEA

A record expansion of liquefied natural gas (LNG, gaz naturel liquéfié — GNL) capacity is reshaping global supply, with expected effects on prices, contractual flexibility and demand trajectories in importing regions.
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QatarEnergy acquires 40% of North Rafah offshore block in Egypt alongside Eni
QatarEnergy has acquired a 40% stake in the North Rafah offshore exploration block, located off Egypt’s Mediterranean coast, strengthening its presence in the region in partnership with Italian group Eni.
COOEC wins $4bn QatarEnergy offshore field development contract
COOEC has signed a $4bn EPC contract with QatarEnergy to develop the offshore Bul Hanine oil field, marking the largest order ever secured by a Chinese company in the Gulf.

Eni raises 2025 targets after 54% surge in quarterly net profit

Eni's net profit rose to €803mn in the third quarter, supported by a 6% increase in production despite falling crude prices.
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OPEC production uncertainty keeps global oil market from deeper slide
As Brent hovers near $60, growing opacity around OPEC’s output restrains a steeper decline in crude prices amid surplus warnings by the International Energy Agency.
Qatar and the United States call on the European Union to ease sustainability rules
Doha and Washington warn Brussels about the consequences of EU sustainability requirements on liquefied natural gas exports, as the continent’s energy security remains under pressure.

Kuwait signs $489mn deal with Kuzu for wastewater treatment plant

Kuwait’s Ministry of Public Works has signed an agreement with Turkish company Kuzu to build a wastewater treatment plant for the upcoming Al Mutlaa city in the north of the country.
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Europe spent an extra €930bn on fossil energy between 2021 and 2024
A report highlights the financial burden of fossil imports during the energy crisis and points to electrification as key to European energy security.
QIA invests $535mn to increase its stake in Colombian power producer ISAGEN
Qatar’s sovereign wealth fund has raised its stake to approximately 15% in ISAGEN, one of Colombia’s leading power producers, through a $535mn investment alongside Brookfield.

Europe’s gas: summer storage sets a floor under TTF

European inventories curbed price declines as liquefied natural gas (LNG) supply expands and demand stays weak. Cargo arbitrage favours Europe, but winter will determine the equilibrium level. —
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Koweït découvre un champ gazier offshore de 28,3 milliards de m³
Kuwait Petroleum Corporation annonce une découverte majeure dans la zone offshore avec le champ de Jazah, soutenant les efforts publics d’investissement dans les infrastructures énergétiques nationales.
Saudi companies to launch 500 MW of energy projects in Syria
Al-Harfi and SCLCO signed agreements with Syrian authorities to develop solar and wind capacity, amid an ongoing energy rapprochement between Riyadh and Damascus.
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AfDB grants $7.41mn to Liberia to complete hydroelectric power plant
South Korea under pressure from the IEA to liberalise its electricity market
Iberdrola launches a public offer to acquire 100% of Neoenergia in Brazil
KEPCO and ENEC strengthen alliance on nuclear and artificial intelligence
Iberdrola sells 757 MW of French onshore assets to Technique Solaire
Australia’s December NWS Condensate Lowered Amid Persistent Weak Margins
North West Shelf condensate cargoes in Australia scheduled for December are valued lower as end-users reduce orders due to weak petrochemical margins.
Saudi Aramco renews two ADES onshore rigs for a decade
ADES has obtained 10-year contract renewals from Saudi Aramco for two onshore rigs in Saudi Arabia, strengthening its position in the Middle Eastern energy market.

The demand for natural gas in the United States reaches a new peak in 2024, despite decarbonization ambitions

Natural gas consumption in the United States increased by nearly 5% over the first nine months of 2024, despite federal initiatives to promote renewable energy, reinforcing the country's key role in the global energy sector.
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Qatar Electricity and Water Company develops a 500 MW peak power plant
Qatar Electricity and Water Company partners with KAHRAMAA to develop a 500 MW peak power plant in Ras Abu Fontas. The project aims to meet Qatar’s growing energy needs while strengthening the local infrastructure.
McDermott Secures EPCI Contract from QatarEnergy LNG for the North Field South Project
McDermott has signed an engineering, procurement, construction, and installation (EPCI) contract with QatarEnergy LNG for the North Field South project, thereby strengthening its presence in Qatar's energy sector.

The Alexandroupolis LNG Terminal Redefines Energy Security in Europe

The new Alexandroupolis LNG terminal in Greece strengthens energy diversification in Eastern Europe, thereby reducing regional dependence on Russian gas and increasing supply security.
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Russian Oil and Gas Revenues Decline with Gazprom’s Tax Relief in Sight
Russia’s oil and gas revenues are expected to decrease between 2025 and 2027 due to a reduction in Gazprom’s mineral extraction tax. This revenue decline poses a significant challenge to Russia’s budget, given the sector’s large contribution to the state’s finances.
India Excludes Arctic LNG 2: Consequences for the Asian Energy Market
India has decided not to purchase gas from the Arctic LNG 2 project due to sanctions. This decision further isolates Russia from major Asian markets and could redefine LNG flows in the region.

Russia threatens to take the Nord Stream explosions case to the International Court of Justice

Moscow is ramping up pressure on the investigations into the Nord Stream pipeline explosions, accusing Germany, Denmark, and Sweden of not meeting their obligations under international conventions.
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US Regulators Support Venture Global LNG Despite Disputes Over LNG Deliveries
Venture Global LNG reçoit le soutien de la Federal Energy Regulatory Commission (FERC) concernant des accusations de non-respect de ses engagements de livraison de gaz naturel liquéfié (GNL), malgré des différends contractuels en cours avec des entreprises comme Shell et BP.
Kazakhstan: Oil Sector Delays Hamper Growth Prospects
Kazakhstan, a major oil player in Central Asia, is facing production challenges due to delays in its key projects, limiting its ability to meet objectives and comply with OPEC+ quotas.

Iraq boosts gas production and cuts energy imports

Iraq is aiming for gas self-sufficiency within five years, thanks to foreign investment and increased management of domestic production.
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Lower Chinese export quotas: Impact on LSFO’s Asian market
China's lower export quotas for LSFO led to an increase in imports from Singapore, stabilizing the Asian market despite increased supply from the West.
Sasol and Eskom launch a study on the use of LNG for energy stabilization
Sasol and Eskom are exploring the option of liquefied natural gas (LNG) to boost South Africa's energy supply, marking a turning point in the diversification of energy sources.

Saipem wins $4 billion contract for LNG expansion in Qatar

Saipem SpA has won a $4 billion offshore contract with QatarEnergy for the expansion of the North Field gas field. This ambitious project aims to double Qatar's LNG production by 2030, strengthening its position on the world market.
North field project
U.S. elections: Pennsylvania’s shale gas dilemma
Natural gas development in Pennsylvania is becoming a crucial issue in the US presidential elections. Between economic opportunities and environmental concerns, voters are divided, making this topic central to the debate between Donald Trump and Kamala Harris.
China: Coal expansion and methane emissions threaten climate
The expansion of coal mines in China could compromise its climate targets and increase methane emissions, warns a study by Global Energy Monitor (GEM).

The EU must step up collective gas purchasing to stabilize prices

The Draghi report calls for a more coordinated EU gas purchasing strategy to reduce exposure to spot prices and curb speculation on gas markets.
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Sanctions: Russian maneuvers to exploit the Arctic fail
The United States is stepping up its pressure on Russia's Arctic LNG 2 project by imposing new sanctions against companies and vessels involved, further complicating Moscow's liquefied gas export capabilities.
Arctic LNG 2 site, Russia
Ukraine stops Russian gas transit, but to what effect?
The announcement that Russian gas transit via Ukraine will cease in a few months' time is changing the energy dynamic in Europe and redefining supply and diversification strategies. This article analyzes the economic, geopolitical and logistical consequences for the various players involved.
Pipeline en Ukraine
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