FRANKFURT: Europe will not run short of gas this winter even if a new deal for deliveries of Russian gas through Ukraine is not completed when the existing agreement lapses at the end of the month, a German study said on Wednesday.
“Gas supply for the winter is secure, even if the talks about gas shipments from Russia via Ukraine to Europe were to fail,” said the study, carried out by the Institute of Energy Economics (EWI) in Cologne. It said German gas prices could rise moderately but there would not be"...

MOSCOW: Russian President Vladimir Putin and Chinese leader Xi Jinping launch Monday a gas pipeline that is the first of three ambitious projects intended to cement Moscow’s role as top gas exporter.

Putin and Xi are to inaugurate by video link-up the “Power of Siberia” pipeline, sending Siberian gas to China in a move that will strengthen their ties amid Moscow’s confrontation with the West.

Russia"...

Masdar, one of the world’s leading renewable energy companies, has entered into a formal agreement with the Armenian National Interests Fund (ANIF) to develop solar power projects with a total capacity of 400 megawatts (MW) in Armenia, an investment of between $300 million and $320 million into the Armenian economy.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, a Mubadala company, and David Papazian, Chief Executive Officer of ANIF, a state-owned foreign direct investment vehicle, signed"...

• Exclusive presentation of 70 high-tech innovations
• Tour of Europe's top physics research unit
• Immersive experience in the cockpit of the future

• At the InnovDays 2019 event on 27, 28 and 29 November 2019 at the Grande Arche in the La Défense district of Paris, Thales will present a vast array of new technologies and solutions underpinning its ability to build a future we can all trust in the areas of aerospace, transport, defence and digital security.
• Working with partners in the academic research community, Thales will also...

(AETOS Wire)-- SES and the Luxembourg Government announced today that they have reached an agreement to renew SES’s concession to operate satellites flying under Luxembourg jurisdiction for 20 years, effective from January 2022 when the current concession expires, with an annual fee of EUR 1 million from 2025 onwards. As part of the agreement and starting from 2022, SES will also contribute a maximum of EUR 7 million per year into a fund to support and strengthen the Luxembourg"...

BEIJING: China Gas Holdings Ltd reported a 16.2 per cent rise in mid-year profit to 4.91 billion Hong Kong dollars ($627 million) as Beijing’s anti-pollution campaign helped boost gas demand.
China’s largest independent city-gas distributor by market capitalisation saw a 3.3 per cent fall in revenue to 27.93 billion dollars for the six months to September 30, it said in a statement filed to Hong Kong Stock Exchange.
Results were hurt by trading in liquefied natural gas and liquefied petroleum gas (LPG),"...

DUBAI, 18th November, 2019 (WAM) -- ENOC Group and GoAir of India have signed aviation fuel supply agreement. Through which, ENOC will provide the Indian budget carrier with jet fuel supply at the Dubai International Airport for their fleet of commercial aeroplanes.

Saif Humaid Al Falasi, Group CEO, ENOC, said, 'ENOC has been fuelling the aviation industry’s growth locally in the UAE since 1995 and has always had a close association with"...

SULAIMANI — Global oil demand growth is expected to slow from 2025 as fuel efficiency improves and the use of electrified vehicles increases but is unlikely to peak in the next two decades, the International Energy Agency (IEA) said on Wednesday (November 13).

The Paris-based IEA, which advises Western governments on energy policy, said in its annual World Energy Outlook for the period to 2040 that demand growth would continue to increase"...

ABU DHABI, 12th November, 2019 (WAM) -- ExxonMobil has invested around US$6.5 billion in Upper Zakum oilfield since its involvement in the offshore field in 2006, according to Christian G. Lenoble, President and UAE Lead Country Manager of Exxon (Al-Khalij) Inc.

'Upper Zakum is the second largest offshore field in the world and we are planning to participate in increasing its production to one million barrel per day by 2024. It is a target that"...

TOKYO: Oil prices fell more than 1 per cent on Monday amid concerns over the prospects of a trade deal between the United States and China, while worries about oversupply also weighed on the market. Brent crude was down 69 cents, or 1.1 per cent, at $61.82 by 0730 GMT. The contract rose 1.3 per cent last week. US crude was 63 cents, or 1.1 per cent, lower at $56.61 a barrel, having risen 1.9 per cent last week. US President Donald Trump said on Saturday that trade talks with China were moving along “very nicely,”"...