Turkey to cut gas consumption by 10-12% in 2022

The price of Saudi Arabia's main crude grade, Arab Light, may drop by 70 - 90 cents per barrel in the first month of 2025, reaching its lowest level in four years, according to several sources at Asian refineries, as reported by Reuters.

The volume of gas transported through the TANAP pipeline to Türkiye and further via the TAP pipeline to Europe has been disclosed, the Azerbaijani Ministry of Energy on the social media platform X.

The Indian state-owned oil and gas company ONGC Videsh (OVL) has completed the transaction to acquire a 0.615% stake in the development of the Azeri-Chirag-Guneshli (ACG) oilfields in Azerbaijan from the Norwegian company Equinor.

Over nearly 15 years, more than 523.5 bcm of natural gas have been delivered to China through the Central Asia-China gas pipeline, the West Pipeline Company of the Chinese corporation PipeChina reported.