Iran says it expects to increase exports of crude oil to Europe to as high as 800,000b/d by May. The country currently supplies Europe with 500,000b/d of crude oil.
Saudi Arabia, raised pricing for December sales of all oil grades to Asia in order to take advantage of a brief increase in demand for Middle Eastern crude.
Iran plans to establish a floating LNG units with 10mt in annual production capacity and building smaller LNG production units which has been put on the agenda within mini-LNG and FLNG projects.
Tel Aviv and Ankara have agreed to start intergovernmental consultations on the construction of a pipeline in the Mediterranean Sea to supply Israeli gas to Europe via Turkey.
The Russian Energy Minister, Alexander Novak, and his Turkish counterpart, Berat Albayrak, signed a bilateral agreement in order to build the TurkStream undersea gas pipeline.
A source at state energy company Sonatrach said that Algeria expects to produce more than 9bcm/y additional gas output, when three projects come online during 2017.