Historically reliant on its abundant gas and oil resources, Azerbaijan is currently experiencing a significant energy transition aimed at enhancing sustainability and broadening its energy composition. The country has made large investments in hydroelectric, solar, and wind power to meet its ambitious targets for increasing the share of renewable energy …
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Iran’s mismatch between energy supply and consumption has led to industrial power outages and blackouts for residential users, leading to increased poverty, economic losses and social unrest. The mismatch between energy production and consumption in Iran has made it difficult for the government to provide power to different users. As …
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Beset by an unprecedented domestic energy crisis, Iran has sought to cement foreign energy deals and investment, to varied success. Though the country faces a raft of international sanctions and several major geopolitical hurdles, Iran’s oil and gas sector has seen a significant expansion in recent months—a period of growth marked by …
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Biden’s LNG freeze makes little sense from both European and the US energy security perspectives. It won’t promote a green energy transition. Most energy experts acknowledge that LNG is the principal bridge fuel necessary for a green future. And if American LNG is not readily available, it will be replaced …
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In recent years, Iranian authorities have often announced significant discoveries of oil and gas reserves, but, in reality, the government has faced tremendous challenges – often self-inflicted – in actually extracting these resources. In February 2017 authorities revealed the presence of two billion barrels of shale oil reserves in the …
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Despite a persistent and alarming deficit in its natural gas production, Iran recently chose to renew gas export contracts with Iraq – a decision that can have severe consequences for its own energy needs. While Iran boasts having the second largest natural gas reserves in the world, its production capacity …
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Hopes for increased economic cooperation between Iran and Saudi Arabia following last year’s diplomatic reconciliation have not materialized, due to historical and political factors Saudi Arabia and Iran have a long history of hostility, usually taking opposing sides in regional conflicts such as Yemen, Lebanon, and Syria. This competition, fueled by disruptive activities …
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On the heels of its latest forum in Algiers, the Gas Exporting Countries Forum (GECF) has grown substantially in size and influence, highlighting the essential role of natural gas in balancing global energy, promoting sustainability, and addressing market volatility, technological challenges, and geopolitical tensions. The 7th Gas Exporting Countries Forum (GECF) Summit in Algiers …
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As Qatar sets higher ambitions for its gas output, Iranian officials scramble to justify their under-performance in developing the South Pars field, resorting to statistical maneuvers to deflect criticism. Sakhavat Asadi, the chief executive of Iran’s Pars Special Economic Zone Organization, has claimed that Iran’s natural gas production from the …
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Bijan Zanganeh, Iran’s former oil minister, has made bold assertions regarding Iran’s potential to significantly increase its oil production, despite minimal investments and limited access to technology. Iran’s crude oil production stood at an estimated 3,163,000 barrels per day as of January 2024, showing a slight decrease from December 2023’s output of …
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