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Yahoo
21-06-2025
- Business
- Yahoo
Exclusive-Qatar holds talks with energy companies on risk of Israel-Iran conflict, sources say
By Andrew Mills and Marwa Rashad DOHA/LONDON (Reuters) -Qatar held crisis talks this week with energy majors after Israeli strikes on Iran's huge gas field, which it shares with Qatar, an industry source and a diplomat in the region told Reuters. Saad Al Kaabi, CEO of state-owned QatarEnergy and the Gulf Arab state's energy minister urged companies to warn the U.S., British and European governments about the risks the conflict poses to gas exports from Qatar and the increasing threat to the global gas supply, they said. An interruption to Qatar's liquefied natural gas (LNG) operation could cut off around 20% of the global supply, which Doha exports from the world's largest gas reservoir. "QatarEnergy is making sure that foreign governments are fully aware of the implications and repercussions the situation and further escalation pose to gas production from Qatar,' said the diplomat, who spoke on the condition of anonymity because of the sensitivity of the situation. QatarEnergy did not immediately respond to a request for comment. Kaabi also met this week in Doha with ambassadors representing countries whose companies are involved in QatarEnergy's North Field expansion project, the diplomat said. U.S. majors ExxonMobil and ConocoPhillips, Britain's Shell, Italy's Eni and France's TotalEnergies all have stakes in the expansion, which is set to boost exports from Qatar by around 82% in the coming years. So far, there have been no disruptions to QatarEnergy's exports and cargo deliveries are on schedule. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
20-06-2025
- Business
- Zawya
Qatar holds talks with energy companies on risk of Israel-Iran conflict, sources say
Qatar held crisis talks this week with energy majors after Israeli strikes on Iran's huge gas field, which it shares with Qatar, an industry source and a diplomat in the region told Reuters. Saad Al Kaabi, CEO of state-owned QatarEnergy and the Gulf Arab state's energy minister urged companies to warn the U.S., British and European governments about the risks the conflict poses to gas exports from Qatar and the increasing threat to the global gas supply, they said. An interruption to Qatar's liquefied natural gas (LNG) operation could cut off around 20% of the global supply, which Doha exports from the world's largest gas reservoir. "QatarEnergy is making sure that foreign governments are fully aware of the implications and repercussions the situation and further escalation pose to gas production from Qatar,' said the diplomat, who spoke on the condition of anonymity because of the sensitivity of the situation. QatarEnergy did not immediately respond to a request for comment. Kaabi also met this week in Doha with ambassadors representing countries whose companies are involved in QatarEnergy's North Field expansion project, the diplomat said. U.S. majors ExxonMobil and ConocoPhillips, Britain's Shell, Italy's Eni and France's TotalEnergies all have stakes in the expansion, which is set to boost exports from Qatar by around 82% in the coming years. So far, there have been no disruptions to QatarEnergy's exports and cargo deliveries are on schedule. (Reporting by Andrew Mills and Marwa Rasahd Editing by Tomasz Janowski and Louise Heavens)
Khaleej Times
17-06-2025
- Business
- Khaleej Times
Israel-Iran conflict: Which energy sites are impacted by air war so far?
[Editor's Note: Follow the KT live blog for live updates on the Israel-Iran conflict.] Military strikes between Iran and Israel have prompted concern about potential damage and disruption to the region's important oil and gas fields and infrastructure. Below are details about these sites and about how they have been affected so far: South Pars gas field Israel struck an installation at the South Pars offshore gas field on June 14 where Iran has partially suspended production. South Pars is part the world's largest natural gas reserve, which Iran shares with Qatar. The attack struck four units of Phase 14 of South Pars, around 200 kilometres from Qatar's installations, many of which are joint ventures with international firms, including U.S. giants ExxonMobil and ConocoPhilips. South Pars makes up around a third of the world's largest reservoir of natural gas. Iran shares the reservoir with major gas exporter Qatar, which calls its field the North Dome. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Sanctions and technical constraints have meant most gas Tehran produces there is used domestically but it also exports some. Iran exported about 15.8 billion cubic metres of gas in 2023, according to data by the Gas Exporting Countries Forum, a grouping of gas exporter nations. The entire reservoir contains an estimated 1,800 trillion cubic feet of usable gas - enough to supply the world's needs for 13 years, or to generate enough electricity to supply the U.S. for more than 35 years. Tehran fuel depot and oil refinery Israel struck a Tehran fuel depot and an oil refinery near the capital on June 14, Iran said, but authorities said the situation was under control. Haifa oil refinery Israel's Bazan Group shut down its Haifa oil refinery, the country's largest, on June 16 after its power station was damaged in an Iranian attack. The refinery has a crude processing capacity of 197,000 barrels per day (bpd). Iran's oil Iran is OPEC's third-largest oil producer and extracts about 3.3 million bpd of crude oil, and another 1.3 million bpd of condensate and other liquids, totalling about 4.5% of global supplies. Its exports in recent months have reached 1.8 million bpd, their highest level since 2018, data from Kpler showed, driven by strong Chinese demand. Iran's production facilities are primarily in the southwest, in Khuzestan province, and in Bushehr province for gas and condensate from South Pars. It exports 90% of its crude via Kharg Island. The US tightened sanctions on Tehran in 2018 after US President Donald Trump exited a nuclear accord. Analysts have said that oil prices could surge to over $100 a barrel due to the Israel-Iran air war, even though there is plentiful spare capacity and ample storage. Iran's oil exports fell to nearly zero but rebounded under US President Joe Biden, with analysts saying sanctions were less rigorously enforced and Iran succeeded in evading them. Iran is exempt from OPEC+ output restrictions and China does not recognise the sanctions imposed on Tehran, meaning some Chinese private refiners have been placed on the U.S. Treasury's sanctions list. Analysts say Saudi Arabia and other OPEC members could compensate for any drop of Iranian supply by using their spare capacity to pump more.
Bloomberg
12-05-2025
- Politics
- Bloomberg
APAC Leading on Kids' Social Media Crackdowns
Good morning, it's Keira here in a very overcast Sydney. Here's some of the top news stories to start your morning… Today's must-reads: • APAC leads on kids' social media ban • Albanese retains key ministers • Future of gas exports in question
