China is seeking to strengthen and upgrade its cooperation with Turkmenistan, focusing on what officials describe as “high-quality development” across a range of sectors.
While a fragile ceasefire in the Iran war may deliver badly needed relief to economies battered by the world’s worst-ever energy crisis, hopes it will quickly restore normal oil and gas flows from the Middle East are almost certainly misplaced.
A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefied natural gas plants run by Chevron and Woodside, exacerbating a global supply crunch caused by the conflict in the Middle East.
Azerbaijan and Türkiye have signed an agreement covering the supply of 33 billion cubic metres of natural gas, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar said.
Natural gas storage in Europe has dropped to approximately 49%.
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