Middle East
Pakistan May Renegotiate LNG Deal with Qatar in 2025
Pakistan’s LNG agreement with Qatar includes a clause allowing renegotiation in 2025, but no decision has been made, according to the country’s petroleum minister.
Iraq Approves Compensation Plan to Resolve Kurdistan Oil Dispute
Iraq’s parliament on Sunday approved a budget amendment to subsidize production costs for international oil companies operating in the semi-autonomous Kurdistan region in a move aimed at unblocking northern oil exports, lawmakers said.
ADNOC Gas Secures $450 Million LNG Supply Deal with JERA
ADNOC Gas has signed a $450 million three-year liquefied natural gas (LNG) supply agreement with JERA Global Markets, reinforcing its long-standing energy partnership with Japan.
Global News February 2025
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
Construction Report: Trump Policies, Thirst for LNG Could Bolster Expansion
While the global thirst for LNG continues to drive pipeline construction globally, the real questions for the new year concern a second Donald Trump presidency in the United States. Early analysis from those in the industry suggest the change of administration will be good for midstream.
Snam to Sell Stake in ADNOC Gas Pipelines to Abu Dhabi’s Lunate Investment Fund
ADNOC Gas Pipelines has lease rights to 38 pipelines covering a total of 982 kilometers (610 miles) across the United Arab Emirates.
Aramco CEO Projects 1.3 Million bbl/d Oil Demand Growth in 2025
Saudi oil giant Aramco's CEO Amin Nasser said on Tuesday he sees the oil market as healthy and expects an additional 1.3 million barrels per day of demand this year.
Russia Plans Up to 55 Bcm of Gas Exports to Iran Annually, Putin Says
Russia may supply up to 55 billion cubic meters (Bcm) of gas per year to Iran, Russian President Vladimir Putin said on Friday, as Moscow diversifies its gas flows after a dramatic fall in exports to Europe.
Strohm Wins 20-Mile Pipe Contract for Saudi Aramco Fadhili Expansion
Strohm, a thermoplastic composite pipe (TCP) manufacturer, has secured a contract to supply 33 kilometers (20.5 miles) of its TCP flowline for Saudi Aramco’s Fadhili gas plant in Saudi Arabia.
Flowserve to Provide Dry Gas Seals for ADNOC’s Carbon Capture Project
Flowserve Corp. has secured a contract to supply Dry Gas Seals and Systems for a pioneering carbon capture project with the Abu Dhabi National Oil Company (ADNOC), the state-owned oil and gas entity in the UAE.
Tougher U.S. Sanctions to Limit Russian Oil to China, India, Boost Middle East Demand
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.
South Sudan Plans Crude Oil Restart Amid Regional Recovery Efforts
South Sudan aims to resume oil production at its Blocks 3 and 7 on Jan. 8 with an initial output target of 90,000 barrels per day, Petroleum Minister Puot Kang Chol said on Tuesday.
Sudan Resumes Oil Exports to Port Sudan, Lifts Force Majeure on Pipeline
Sudan has lifted a nearly year-long force majeure on the transport of crude oil from its neighbor South Sudan to a port on the Red Sea after security conditions improved, according to a letter seen by Reuters on Monday.
Global News January 2025
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
Iraq Approves $4.6 Billion Basrah-Haditha Oil Pipeline Project
The Iraqi cabinet has given approval for a Basrah-Haditha oil pipeline project, a statement from the Prime Minister's office said on Monday.
ADNOC Gas Names Fatema Al Nuaimi as CEO, Succeeding Ahmed Alebri
Abu Dhabi's ADNOC Gas said on Tuesday that it has appointed Fatema Al Nuaimi as its new CEO, effective Jan. 1, following Ahmed Alebri's decision to step down after nearly two years at the helm.
ADNOC, Petronas Sign 15-Year Agreement for Ruwais LNG Project
ADNOC has signed a second Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais LNG project, with Malaysia’s Petronas. The 15-year SPA is for supplying 1 million tonnes per annum (mtpa) of LNG.
Trump’s Pledge to Lift LNG Exports Cap Not a Concern, Qatar Energy Minister Says
(Reuters) – Qatar has no concerns about U.S. President-elect Donald Trump's promise to lift a cap on liquefied natural gas (LNG) exports, Qatar's Energy Minister Saad al-Kaabi said on Saturday, adding his country would cope with any competition.
Pakistan Defers LNG Contract with Qatar to 2026, Citing Surplus
Pakistan has deferred its LNG agreement with Qatar by a year, now expecting deliveries in 2026 due to a surplus. Petroleum Minister Musadik Malik confirmed there are no penalties for the deferral and additional cargo postponements are under negotiation.
Aramco, SLB, and Linde to Develop Major Carbon Capture Project in Saudi Arabia
Saudi Aramco, SLB, and Linde plan to build a carbon capture and storage project in Jubail, Saudi Arabia. Set for completion by 2027, it aims to store up to 9 million metric tons of CO₂ annually, supporting Aramco's net-zero goals.
Oil Undervalued as Market Faces Deficit, Iran's Supply at Risk, Analysts Warn
Oil prices are undervalued due to a market deficit and potential supply risks from Iran, analysts from Goldman Sachs and Morgan Stanley warn. Factors such as OPEC+ output cuts and strategic reserve restocking could push prices higher in the short term.
Jordan Signs Deal to Use Egyptian FSRU Until 2026
Egypt and Jordan have signed an agreement to allow Jordan to use an Egyptian floating storage and regasification unit (FSRU) until 2026, Jordan's energy ministry said on Monday.
Global News December 2024
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
Azerbaijan Caps Kazakh Oil Flow in BTC Pipeline Over Sulfur Content
Azerbaijan has capped Kazakhstan’s oil transit through the BTC pipeline at 2.2 million tons per year, citing quality concerns. This move limits Kazakhstan’s efforts to reduce its reliance on Russian routes for crude exports.
ADNOC Weighs Stake Sale in Gas Unit, Potential Multi-Billion Dollar Deal: Report
ADNOC is reportedly considering selling a 3-5% stake in its gas unit, potentially worth billions, amid strategic reviews. The deal could be announced soon, pending market conditions.
ADNOC Gas to Acquire $5 Billion Stake in Ruwais LNG, Doubling Capacity by 2028
ADNOC Gas will acquire a $5 billion, 60% stake in Ruwais LNG, doubling its processing capacity by 2028. The plant, powered by clean grid electricity, will be one of the world’s lowest-carbon intensity LNG facilities.
ADNOC Gas Inks 10-Year LNG Supply Deal with India’s GAIL
ADNOC Gas has secured a long-term agreement with GAIL India Limited to deliver up to 0.52 million metric tonnes per year of liquefied natural gas (LNG) beginning in 2026.
China to Receive Reduced Saudi Oil Supply in December as Demand Slows
Saudi Arabia's crude oil exports to China are projected to decline to 36.5 million barrels in December, down from 46 million barrels in October, amid reduced demand from the world’s largest oil importer.
Trump Prepares to Withdraw from Paris Climate Agreement, NYT Reports
U.S. President-elect Donald Trump's transition team prepares executive orders to withdraw from the Paris climate agreement, end the LNG export pause, and revoke California's pollution waiver, according to the New York Times.
NuVista Energy to Supply Trafigura with Natural Gas in 13-Year Deal
NuVista Energy has signed a 13-year natural gas offtake agreement with Trafigura, providing the Canadian producer exposure to international LNG market pricing through JKM indexing.
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