Natural gas

Iran may run out of oil storage within weeks under US blockade pressure

As a result of the blockade on Iranian ports, Tehran has been forced to store all the oil it extracts through various means, including onshore facilities and floating storage aboard vessels.

 US military forces boarded the crude oil tanker Aquila II in the Indian Ocean after pursuing it from the Caribbean. The vessel was accused of breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela. February 9, 2026.
: London-based Energean's drill ship begins drilling at the Karish natural gas field offshore Israel in the east Mediterranean May 9, 2022.

Karish gas field resumes production

The gas platform for Leviathan, Israel's largest gas field is seen from a helicopter near Haifa bay, northern Israel, August 1, 2023.

Leviathan gas field resumes operations after risk of strikes from Iran war outbreak

3D-printed oil barrels, an oil pump jack and a map showing the Strait of Hormuz and Iran appear in this illustration taken March 2, 2026.

Gulf states consider bypassing Strait of Hormuz with new oil pipelines via Haifa - FT


Why is Lebanon threatening Israel now? - analysis

Is Hezbollah trying to create a casus belli to attack Israel or Israeli gas platforms?

 Lebanese President Michel Aoun heads a cabinet meeting at the presidential palace in Baabda, Lebanon April 26, 2022.

Energean floating gas production rig docks in Israeli waters

The newfound energy source could incentivize competition in the Israeli energy economy, reducing energy prices and energy related services.

Floating gas production rig, Energean Power

Lebanon warns against any Israeli 'aggression' in disputed waters

Israel says the field in question is within its exclusive economic zone, not in disputed waters.

Lebanese President Michel Aoun speaks at the Ministry of Foreign Affairs as Lebanese expats vote in Lebanon's parliamentary election, in Beirut, Lebanon May 8, 2022.

Leviathan natural gas company Ratio Energies reports record revenues in Q1 2022

2.7 billion cubic meters (BCM) of natural gas was sold from the Leviathan reservoir in Q1, of which 1.8 BCM was exported to Egypt and Jordan.

 Leviathan natural gas field.

EU agrees gradual Russian oil embargo, Canada imposes new sanctions

The target to cut 90% of all Russian imports by the end of 2022 includes seaborne deliveries.

European Council President Charles Michel, Italy's Prime Minister Mario Draghi and France's President Emmanuel Macron attend the European Union leaders summit, as EU's leaders attempt to agree on Russian oil sanctions in response to Russia's invasion of Ukraine, in Brussels, Belgium, May 30, 2022.

Global energy crisis leads Israel to launching fourth natural gas exploration

Energy Minister Karin Elharrar announced the move, effectively canceling the year-long freeze on natural gas explorations that she announced in December 2021.

 IN A ONCE-UNTHINKABLE development, the Mubadala Investment Corporation, a sovereign wealth fund of Abu Dhabi, invested $1 billion in the Tamar natural gas field.

EU makes eleventh-hour push to agree on Russia oil sanctions

The EU leaders will declare continued support for Ukraine and discuss how to deal with the impact of the conflict, especially the spike in energy prices and an impending food supply crisis.

 Models of oil barrels and a pump jack are seen in front of displayed EU and Russia flag colours in this illustration taken March 8, 2022.

As Russia intensifies push for Donbas, Ukraine rules out ceasefire

Weeks-long siege ends at Azovstal, Russia says | Russia intensifies offensive in Donbas | Russia stops Finland gas flows over payment dispute.

 Emergency management specialists gather near a burnt tank during Ukraine-Russia conflict in the southern port city of Mariupol, Ukraine May 20, 2022.

Russia stops Finland gas flows over payments dispute

Gazprom demanded Europe pays for Russian gas supplies in roubles because of sanctions imposed over Moscow's invasion of Ukraine.

 The logo of Gazprom company is seen on the facade of a business centre in Saint Petersburg, Russia March 31, 2022.

Biden’s Israel visit will highlight ‘strategic ties,' Hochstein says

Hochstein called the Trump administration’s decision to exit the 2015 Joint Comprehensive Plan of Action known as the Iran deal, a “tragic mistake.”

 US President Joe Biden delivers remarks on administration plans to fight inflation and lower costs during a speech in the Eisenhower Executive Office Building's South Court Auditorium at the White House in Washington, U.S., May 10, 2022.