South Pars strikes escalate TTF prices, squeeze EU-Turkey supply
Asian buyers are set to outcompete Europe for US LNG cargoes, driven by stronger price signals and falling freight rates that reopen arbitrage opportunities to the Pacific basin.
French energy company Total posts decline in LNG sales as it looks ahead to Iran gas project
French energy company Total said second-quarter LNG sales volumes dropped 6 percent as its overall net income rose 14 percent compared with the year-ago period to $2.5 billion ahead of its participation in a huge Iranian natural gas project and completion of the Yamal liquefaction and export plant in Russia.
Total is first western energy group to return to Iran with $4.8Bln South Pars gas contract
Total, the French oil and gas group, becomes the first western energy company to return to Iran with the signing of a $4.8 billion contract on July 3 with China National Petroleum Corp. and Iranian partners to develop the South Pars field that borders the feed-gas block in the Persian Gulf adjoining the territorial waters of Qatar, the largest LNG producer.
Iranian natural gas venture will provide subsea bonanza but LNG element is left out for now
French energy company Total has been chosen by Iran to operate the renewed development of the South Pars gas field, part of the largest developed deposit in the world. The other part is known as North Field and owned by Qatar, providing feed-gas for the Gulf state's LNG production.
