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Saudi Aramco Forms $8B JV for Gasification Project

The state-owned oil company of Saudi Arabia, Saudi Aramco, signed a term sheet agreement to form a gasification and power joint venture (JV) with Air Products and ACWA Power, the company announced on Sunday

Turkish Household Gas: Cheapest From List Of 25 in 2017

Turkey's household natural gas price registered as the cheapest per kilowatt-hour (kWh) in 2017 among a list of 25 countries, according to the latest data released by the EU's statistics office Eurostat on Wednesday

Global Oil Flow in July Up Despite Drop in Saudi Output

Global oil supply rose by 300 thousand barrels per day (kb/d) to 99.4 million barrels per day (mb/d) in July, according to the International Energy Agency's (IEA) report on Friday

EU Set to Boost US LNG Imports to Diversify Supply

Since April 2016 when the first U.S. LNG carrier arrived in the Portuguese port of Sines, EU imports of liquefied natural gas have reached 2.8 billion cubic meters, according to the European Commission's (EC) announcement on Thursday

Bosch to Build Production Facility in Turkey

A new-generation, high-pressure petrol injector production facility to be built by German giant Bosch in northwestern Bursa province will achieve $185 million in annual exports and cut down the current account deficit by $230 million, Industry and Technology Minister Mustafa Varank said late Tuesday

Does Iran Pose Threat to Mid. East Oil Transit?

The temporary halt in crossings through the Bab-El-Mandeb Strait and Iran's recent blockage threat of the Strait of Hormuz for the passage of cargo ships and oil tankers in the Middle East are raising concerns on whether oil transit would continue unabated in the region, and if the Hormuz blockage goes ahead, on whether oil prices would subsequently rise

Turkstream 2 More Than 45% Completed: Company Official

The second line of the TurkStream natural gas pipeline project is over 45 percent completed, according to Asli Esen, the project's spokesperson on Wednesday. Esen told journalists at a news conference that the giant construction vessel, Pioneering Spirit, which is continuing works on the Black Sea, has finished around 46 percent of the pipelaying for the second line as of Aug. 7

Bulgaria Braces for Turkstream 2 With Gas Flow Boost

The ability to have reverse gas flows via the Trans-Balkan pipeline between Bulgaria and Romanian, Greek and Macedonian markets will ensure the pipeline's full-capacity utilization, which otherwise would be almost idle with the launch of the TurkStream 2 natural gas pipeline, according to a Senior Fellow at the EastWest Institute, an international affairs think tank on Tuesday

Hungary Voices its First Opposition to Nord Stream 2

The Nord Stream 2 natural gas pipeline, which plans to carry Russian gas to Germany through the Baltic sea, will bring more drawbacks for Eastern Europe than benefits, according to Peter Kaderjak, Hungary's state secretary for energy and climate policy

US Coal Consumption Hits Lowest Level Since 1983

The U.S. electric power sector consumed 661 million short tons (MMst) of coal in 2017, marking the lowest amount of coal consumed since 1983, according to data revealed by the Energy Information Administration on Friday

Turkey’s 2nd Petrochem. Facility to Start Ops. in 2023

Greenhouse Gases Hit 'Highest' Level in 800,000 Years

The dominant greenhouse gases released into earth's atmosphere, including carbon dioxide, methane, and nitrous oxide, reached new record highs in 2017, hitting a level not seen in 800,000 years, according to a recent report

Erdogan Announces Turkey's 100-Day Energy Plan

Turkish President Recep Tayyip Erdogan on Friday announced that the country's plans to develop the domestic energy sector would include the purchase of a second drilling vessel to conduct offshore exploration of hydrocarbons in waters surrounding the country