• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 36 mins The Debate Starts : Remake Republican Party vs. Third Party
  • 2 hours Joe Biden's Presidency
  • 28 mins An exciting development in EV Aviation: Volocopter
  • 5 mins The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 1 day Did I Miss Something?
  • 57 mins Biden's National Security Director vows to release report on Kadhoggi murder. Is it time to add to Brent futures long position ?
  • 3 hours https://www.prageru.com/video/whats-wrong-with-wind-and-solar/
  • 1 day JACK MA versus Xi Jinping
  • 52 mins Investments worthy in versatile and clean natural gas
  • 2 days A Message from President Donald J. Trump - 5 minutes from The White House directly
Rising LNG Prices Welcome News For U.S. Exporters

Rising LNG Prices Welcome News For U.S. Exporters

U.S. LNG exporters are upbeat…

What’s Next For Very Volatile Natural Gas Markets

What’s Next For Very Volatile Natural Gas Markets

Last week’s record-high spot prices…

Simon Watkins

Simon Watkins

Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for…

More Info

Premium Content

Trade War Is Unexpected Boon For Iranian Gas

Facing an unexpectedly rigorous enforcement by the U.S. of its re-imposed sanctions on oil and the recent addition of partial sanctions on its petrochemicals sector, Iran is pushing for output increases from its massive South Pars non-associated natural gas field. The field – a 3,700-square km sector of the 9,700-square km basin shared with Qatar (in the form of the 6,000-square km North Field) – already accounts for around 40% of Iran’s estimated 33.8 trillion cubic metres (tcm) of natural gas reserves and around 60% of its gas production. It is also critical in Iran’s overall strategy to increase its natural gas production up to 1 billion cubic metres (bcm) per day by the end of this Iranian calendar year (ending on 19 March 2020).

A cornerstone of this output expansion strategy remains Phase 11 of the South Pars (SP11) site that has particular symbolic and logistical importance for Iran. Before the U.S. pulled out of the Joint Comprehensive Plan of Action (JCPOA) deal between the P5+1 group of nations (U.S., U.K., France, Russia, China plus Germany) and Iran, French supermajor, Total, had signed a multi-billion dollar deal to develop SP11. This marked the first major upstream hydrocarbons deal done between Iran and a Western firm since the JCPOA was agreed in 2015. That deal evaporated when the U.S. signalled that it would withdraw from the JCPOA, leaving Iran to scramble around trying to persuade any major Russian firm to take up the slack…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News