Source : Reuters / 03 Mar 2014

Iran is on course to become the world’s largest importer of natural gas by 2025 unless it can rein in rampant domestic demand, the head of research at the country’s energy ministry told a conference in Tehran.

Iran sits on the world’s largest gas reserves, according to estimates by BP, and Iranian energy officials have boasted for years about becoming a top gas exporter soon.

Source : AA / 01 Mar 2014

Reports show that natural gas consumption in Europe has been declining since 2011, due to a number of factors including the 2007 financial recession and the increasing consumption in favorably priced North American coal.

According to reports released by the International Energy Agency (IEA), annual natural gas consumption in 2011 in Europe was 8% lower than in 2010, while consumption of coal was 6% greater.

By AFP / 2 Mar 2013

A consortium will start work next week on a much delayed $7.5 billion gas pipeline from Pakistan to Iran despite American warnings of possible sanctions, Pakistani officials said Friday.

The date was announced after Pakistani President Asif Ali Zardari held talks in Tehran with Iranian counterpart Mahmoud Ahmadinejad and supreme leader Ayatollah Ali Khamenei, who urged Islamabad to press ahead with the project.

Source : Arab news / 14 Feb 2013

With an average of over four transactions announced globally every day in 2012, the oil and gas sector has remained one of the most active sectors for mergers and acquisitions. According to Ernst & Young’s Global Oil and Gas Transactions Review, oil and gas transactions totaled a staggering $ 402 billion in 2012, representing a 19 percent increase compared to 2011 ($ 337 billion). Ninety-two transactions exceeded $ 1 billion in value compared to just 71 in 2011. This was despite a marginal decrease in oil and gas transaction volumes from 1,664 deals in 2011 to 1,616 in 2012.