Middle East

The move underscores Washington’s renewed leverage in Iraq’s energy sector and shifting regional power dynamics.

Eni has signed a 10-year LNG supply deal with Türkiye’s BOTAŞ, its first long-term agreement with the country. Starting in 2028, Eni will deliver 0.4 MMtpy of LNG annually as it targets 20 MMtpy in global capacity by 2030.

PETROJET won a $273 million EPC contract from OQ Gas Networks to build a 193-km (120-mile) natural gas pipeline in Oman, part of the Fahud–Suhar Loop Line expansion to boost regional supply reliability.

ADNOC Gas has signed a $4 billion, 20-year natural gas supply agreement with EMSTEEL, securing stable lower-carbon gas for the UAE’s growing industrial sector. The long-term contract bolsters ADNOC Gas’ revenue base and underscores its role in supporting national manufacturing and energy-transition goals.

CRC Evans has secured a major contract for Saudi Arabia’s Master Gas III Pipeline Phase 3, delivering welding and construction on a 56-inch, 150-km pipeline. The award strengthens the company’s growing presence in the Middle East and highlights its advanced welding technologies and long-term role in the region’s gas infrastructure buildout.

The IEA says the next LNG wave is reshaping global gas markets, easing tight pipeline supply and helping Europe balance declines from Russia and Norway. Demand remains weak in Asia, but is expected to rebound by 2026.

Aramco has selected Baker Hughes’ Cordant APM suite for deployment across four Saudi gas compression stations as part of the Master Gas System expansion. The digital tools aim to improve reliability, reduce downtime and support the Kingdom’s push toward lower-emission gas operations.

Saudi Aramco is preparing to sign new U.S. LNG agreements with Woodside Energy and Commonwealth LNG, securing up to 4 MMtpy of supply from two major Louisiana export projects as it expands its global gas portfolio.

Kurdistan’s crude exports through the Iraq–Turkey pipeline continue to ramp up as international oil companies load their first cargoes at Turkey’s Ceyhan terminal, with Iraq planning 250,000 bpd in November shipments.

GE Vernova and Siemens Energy are negotiating to supply gas turbines to a $7 billion power-sector reconstruction project in Syria, which includes 4,000 MW of new generation capacity.

AD Ports Group and Nimex Terminals have signed an $8 billion agreement to build LNG and LPG terminal hubs at Khalifa Port. The five-year development will expand storage and export capacity for low-emission fuels, supporting the UAE’s growing role in global energy logistics.

The project could begin operations within 12 months of approval and marks a key step in expanding East Mediterranean gas exports.

Aramco has completed an $11 billion leaseback deal with a GIP-led consortium for its Jafurah gas processing and NGL facilities. The transaction supports Saudi Arabia’s largest non-associated gas project, expected to start production in late 2025 and expand capacity to 2 Bcf/d of sales gas by 2030.

Excelerate Energy signed a $450 million agreement with Iraq’s Ministry of Electricity to develop the nation’s first floating LNG import terminal at Khor Al Zubair. The fully integrated project includes LNG supply, regasification services, and deployment of Excelerate’s new Hull 3407 FSRU, with operations expected in 2026.

A fire at Iraq’s Zubair oilfield killed two workers and injured five others, officials said. The blaze, caused by a gas leak during welding operations, was brought under control with no impact on crude pipeline throughput, which remains at 400,000 bpd.