The Group of Seven is moving toward reversing a commitment to halt the financing of overseas fossil-fuel projects by year’s end, a proposal now viewed favourably by most members, according to people familiar with the matter.
Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia. Since the start of the war, based on the average of March to May 2022, Indian imports of Urals crude have picked up by 658% compared to 2021 levels, while for China the increase is 205% and for Asia as a whole 347%, Rystad Energy research shows.
Russia stepped up the use of energy as a weapon by further cutting natural gas shipments via its biggest pipeline to Europe, prompting Germany to accuse the Kremlin of trying to drive up prices.
Freeport LNG has provided an update on the circumstances of the June 8 fire at its facility on Quintana Island, Texas, warning that a return to full operations will not come until late 2022.
Liquefied natural gas (LNG) buyers in Asia are already busy securing cargoes for winter, indicating that competition in a tight market may lead to a further jump in prices.
The US more than doubled LNG exports to Europe in the first four months of the year, according to the Energy Information Administration (EIA).
Europe needs new sources of energy, particularly zero carbon energy, while Namibia offers abundant solar and wind. Can hydrogen bridge the gap, providing scope for both to prosper on the route to net zero?
The European Union’s top trade official said China will exploit Russia’s need to diversify where it sells its energy, with the bloc set to ban as much as 90% of Moscow’s crude oil imports by year’s end.
Germany said Russia is using energy as a “weapon” after Moscow reduced natural gas supplies in retaliation for Europe’s penalties over the war in Ukraine.
Ukraine has cited "force majeure" to potentially halt a third of Russian transited gas flows to Europe from Wednesday, while Russia’s Gazprom claims there have been no issues that would justify the move.
Russia’s invasion of Ukraine seems to have jolted China based buyers of liquefied natural gas (LNG) into signing more deals with US-based LNG export developments as global competition for the fuel surges.
US president Joe Biden has told Indian Prime Minister Narendra Modi that increasing oil imports from Russia is not in India’s interest.
I recently heard a BBC Scotland reporter state, almost as a throw-away “fact” about energy problems arising from the Ukraine war, that Scotland is, of course, unaffected because we produce more power than we consume.
Europe’s ambitious timetable for building its way out of a dependence on Russian energy faces potential delays and billions of dollars in extra costs as the war in Ukraine makes steel, copper and aluminium scarce and more expensive.
Europe has woken up to LNG demand as a means to provide energy security, even while such a move appears out of step with countries’ net zero commitments.
Norway is to up its production of gas in an effort to help Europe wean itself off supplies from Russia.
European energy prices surged after President Vladimir Putin said Russia will demand payments in rubles from natural gas buyers it deems “unfriendly.”
Back in the 1990s, a talking tortoise advertised power for British homes, with the famous slogan 'it's got to be easily turn off and onable.'
Australia’s offshore regulator has given approval for Shell (LON:SHEL) to restart its Prelude floating liquefied natural gas (FLNG) facility after the unit was forced to shut down last December due to a fire onboard following a power outage. Significantly, this will help ease the pressure on the tight regional market for liquefied natural gas (LNG).
The liquefied natural gas (LNG) market is primed for a global battle for supply with far-reaching repercussions as the threat of Russia cutting off Europe sends the continent scrambling for alternatives.
While energy production is at the forefront of many energy transition discussions, moving that energy around is equally important.
There are those that only talk about Net Zero – the “talkers”, those that are forever preparing Net Zero plans and studies – the “ditherers”, and those who are really getting on with implementing genuine Net Zero – the “doers”.
The Biden administration will impose a ban on US imports of Russian energy on Tuesday without the participation of its European allies, according to people familiar with the matter.
MPs have been told that offering new oil and gas licences in the UK North Sea “is not a reasonable response” to the price crisis being triggered by the invasion of Ukraine.
Boris Johnson is preparing a new UK energy strategy, it is reported, which could involve more North Sea oil and gas production.