Facing a “perfect storm” of energy supply crisis, the UK government has been forced to import gas from Russia, despite London’s role in a series of strict sanctions that were supposed to cripple the Russian energy industry.
Top officials of major gas producing countries gathering this week in Bolivia will face a harsh reality: Expanding supplies of the fuel are giving global buyers greater sway over purchase and contract terms.
Despite the 7.3-magnitude earthquake that hit the border region between Iran and Iraq, Iran is maintaining uninterrupted export of gas to the neighboring country, said the spokesman for the National Iranian Gas Company (NIGC).
Iran exports 12 million cubic meters of gas per day to Iraq's capital, Baghdad and the figure will increase after completion of the gas pipeline project that is expected to reach Basra in coming months, Deputy Petroleum Minister Hamid-Reza Araqi said here on Tuesday.
Russia and Iran signed a memorandum of understanding to support the project for construction of a 1,200-km long gas pipeline from Iran to India with a branch pipeline, said Russian Energy Minister Alexander Novak on Thursday on the air with Rossiya 24 TV Channel.
Iraqi government forces have managed to liberate a major natural gas field from Daesh Takfiri terrorists in the country’s embattled western province of Anbar as they are battling to drive the extremists out of their last remaining redoubts in the crisis-hit Arab country.