NO GAS FOR EUROPE
"Given a decline in the gas price in that continent, it is not at the moment economically feasible to export gas to Europe," Mohsen Qamsari, director for international affairs of the National Iranian Oil Company told the Tasnim News Agency on Sunday.
Known as the world's top gas reserves holder with an estimated 33.6 trillion cubic meters, Iran is an attractive market for Europeans seeking alternative sources to improve their resilience to gas supply disruptions.
Russia is now the biggest supplier of gas to Europe, with about a third of Europe's current gas requirements covered by Russian gas.
Back in April, Iran's ambassador to Turkey said Tehran was working out details of a project to export its natural gas to Europe through Turkey.
"A basis for transferring Iranian gas through Turkey has been established and details are still being worked out," Alireza Bigdeli said.
In the same month, Miguel Arias Canete, the European Union's energy commissioner, said they were open to import Iranian gas, which could break their dependency on Russia.
However, Iranian President Hassan Rouhani in September 2014 ruled out speculations that the country might provide Europe with natural gas should Russia decides to halt energy exports to the European states.
"Today's conditions are not such that if Russia stops selling gas to Europe, Iran can serve as an alternative for Russia's gas exports to those countries," President Rouhani had announced in an interview with Russia-2 television channel.
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IEA - For the third consecutive year, global energy investment declined, to USD 1.8 trillion (United States dollars) in 2017 – a fall of 2% in real terms. The power generation sector accounted for most of this decline, due to fewer additions of coal, hydro and nuclear power capacity, which more than offset increased investment in solar photovoltaics.
EIA - Crude oil production from the major US onshore regions is forecast to increase 143,000 b/d month-over-month in July from 7,327 to 7,470 thousand barrels/day , gas production to increase 1,066 million cubic feet/day from 69,466 to 70,532 million cubic feet/day .
U.S. FRB - Industrial production rose 0.6 percent in June after declining 0.5 percent in May. For the second quarter as a whole, industrial production advanced at an annual rate of 6.0 percent, its third consecutive quarterly increase. Manufacturing output moved up 0.8 percent in June.
U.S. DT - The sum total in May of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $69.9 billion. Of this, net foreign private inflows were $58.8 billion, and net foreign official inflows were $11.1 billion.