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Mozambique faces difficult days ahead

Location:

MOZAMBIQUE

Beyond the major security and humanitarian concerns this is generating, it has also worried investors who were already hesitant about supporting the restart of liquefied natural…

The EU’s phase-out of Russian gas is not guaranteed

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EU

This is the trajectory followed by the majority of member states. However, blockages remain in east-central Europe, where Turkey could play a role in maintaining direct or…

US oil and gas sector stays strong under Biden for now

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UNITED STATES

President Joe Biden has adopted a gradual approach to replacing fossil fuels with renewable resources, but a second term would see him under greater pressure to address record…

Oman's LNG exports will increase as oil plateaus

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OMAN

Previously, in January, the energy ministry announced it was offering three new oil and gas concessions. Muscat wants to engage private companies in efforts to unearth fresh…

Doha will hedge against LNG dependence

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QATAR

Earlier in January, it awarded contracts to increase and sustain output at its main oilfield. Doha wants to dilute its overdependence on a single commodity and to extract value…

Central Europe is cutting dependence on Russian energy

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EASTERN EUROPE

The four Visegrad (V4) countries -- Hungary, Czechia, Slovakia and Poland -- have built up gas stocks to prepare for the winter. Once the EU states most dependent on Russian gas…

Turkey will claim larger share of Balkan gas markets

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BULGARIA/TURKEY/BALKANS

Turkish state-owned utility BOTAS has a supply contract with Bulgargaz which also includes access to the Bulgarian grid. It is in position to resell Russian gas to customers in…

Egypt will aim at rationalising energy consumption

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EGYPT

EGYPT: Government will aim at rationalising energy use

Gulf economies are on a stable track despite risks

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GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

Saudi Aramco will seek to manage rapid industry change

Location:

SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…