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Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2016-10-18 18:55:00

IRAN & RUSSIA: AREN'T RIVALS

ИРАН И РОССИЯ -  НЕ СОПЕРНИКИ

According to IRNADeputy Minister of Petroleum and Managing Director of National Iranian Gas Company (NIGC) Hamid-Reza  Araqi said the Islamic Republic of Iran intends to access European market through LNG but in this connection, it has no plan to compete with or replace Russia.

Iran is to raise daily gas output to one billion cubic meters, being capable of exporting 30 billion cubic meters of gas a day to Europe. Of course, it plans to raise the exports through LNG.

Russia is now the biggest exporter of gas to the green continent and highest amount of European energy requirements are met through Russia. So, there are wide-scale discussions that Iran gas might replace that of Russia in Europe.

To this end, Iran has stressed that though intending to win considerable share in European energy market, Iran is not after being a substitute for Russia in gas market of the continent.

Ministry of Petroleum quoted Araqi as saying that based on guidelines of the Supreme Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei, there should be exports in the Economy of Resilience and we should play our role in the world trade.

Araqi said Iran has now a share of one percent in the world gas trade and it should rise to 10 percent. 'We are not going to replace Russia and we do not have any such goal. Iran has its own market and our neighbors need gas.'

Iran will in the long-run have engagement with many countries and it can access European market through LNG, said Araqi, adding that since world's hugest gas reserves are in Iran, the country has high capacity to meet gas requirements of its neighbors and such issues as price and the technical and political problems should be gradually solved.

He noted that Iran is the only country in the region which is capable of meeting neighbors' gas and on the other hand, they need the gas.

He stressed t hat gas production in Iran will rise to 1.260 billion cubic meters a day in the next four years from 600 million cubic meters a day now.

Iran's extractio of gas from South Pars reserves will be equal with that of Qatar next year and we can turn the gas into value-added, according to the expert.

He hoped for 60 million to 100 million cubic meters saving in household gas consumption in the winter season and the amount of gas will be turned into value-added.

-----

Earlier: 

RUSSIA: 

RUSSIA - TURKEY STREAM 

RUSSIAN GAS: ABOVE 10 BCM 

РОССИЯ СРЕДИ ЛИДЕРОВ 

SOUTHERN GAS CORRIDOR DIFFICULTIES 

TURKISH STREAM'S PLAN

 

IRAN: 

TURKEY WANTS IRANIAN GAS 

IRAN & RUSSIA STRATEGIC COOPERATION 

IRANIAN GAS TO EUROPE 

РОССИЯ - ИРАН: БОЛЕЕ 70 ПРОЕКТОВ 

IRANIAN GAS UP BY 15%

 

 

Tags: GAS, RUSSIA, IRAN, EUROPE
ИРАН И РОССИЯ -  НЕ СОПЕРНИКИ September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

ИРАН И РОССИЯ -  НЕ СОПЕРНИКИ September, 20, 09:00:00

GAS PRICES UP TO $3.146

ИРАН И РОССИЯ -  НЕ СОПЕРНИКИ September, 20, 08:55:00

ЦЕНА URALS: $51,81591

ИРАН И РОССИЯ -  НЕ СОПЕРНИКИ September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

ИРАН И РОССИЯ -  НЕ СОПЕРНИКИ September, 20, 08:45:00

RENEWABLE'S FUTURE

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TOTAL BUYS RENEWABLE

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September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

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September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

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September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

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September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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