Australia's Santos Signs Two Separate LNG Agreements with POSCO Steel & Western LNG
Santos, Australia's largest gas company, announced on Tuesday that it had signed an LNG?supply contract with POSCO Steel and a liquified natural gas (LNG),?purchase agreement with Western Liquefied Gas. Santos will provide LNG to POSCO for a period of 10 years on a basis "delivered from ship". The LNG will come from Santos' global portfolio of diversified LNG, and supply is expected to begin in 2030 or 2031. Santos plans to purchase approximately 1 million metric tons of LNG per year (mtpa)…
Spain plans new, stricter data centres rules, sources say
According to government sources, the Spanish government is planning to introduce stricter rules on water, energy, and cybersecurity for data centres following a flood of projects in the country. They said that the new requirements will be included in a draft?decree?that is open for public?consultation?this week. Spain, with its abundance of renewable energy and vast stretches of undeveloped land, has become one of Europe's most attractive hubs…
US states sue Trump Administration and TotalEnergies for offshore wind cancellation
Seven U.S. States led by New York filed a lawsuit against the Trump administration on Tuesday for?cancelling an offshore wind lease near New York's coast. The lawsuit filed in Washington, D.C., challenges the March 23 decision of the U.S. Dept. of the Interior to cancel the lease of a subsidiary company of France's TotalEnergies, to "reimburse", $795 million, to the company, to extract a promise from the company to not develop new offshore projects in the United States.
South Africa film sets ditch diesel in green energy shift
Netflix filmed the second season of "One Piece" at Cape Town. It was its largest production in Africa and first time using a solar-powered camp to provide off-grid power during a shoot. "We've demonstrated here that productions do not have to rely solely on diesel in order to be reliable at scale. "There are cleaner and quieter solutions which integrate seamlessly with how film productions already operate on location," said Abe Cambridge.
Thailand orders bureaucrats in its energy-saving drive to use stairs instead of elevators and to work from home
A government spokesperson said that the Thai Prime Minister Anutin Charnvirakul had ordered civil servants to conserve energy due to the energy crisis caused by the Middle East conflict. This included suspending overseas trips and using the stairs instead of elevators. Lalida Periswiwatana, a spokesperson for the prime minister, told reporters that civil servants must now work from home. However, officials who serve the public will be exempted. Southeast Asia's second-largest economic powerhouse has 95 days worth of energy left.
Source: India wants US marine coverage for Middle East energy cargoes
India and the United States are in discussions to secure marine coverage for vessels that ship oil from the Middle East. New Delhi is seeking to protect buyers from possible supply disruptions due to the Gulf crisis. The official who didn't want to be named said that "so far, we are?comfortable." He added that the oil ministry was in talks with major producers and dealers to secure oil, LPG, and LNG. The U.S. International Development…
Shell and Ferrari Sign Long-Term Green Power Supply Deal
Shell announced on Tuesday that it had signed a long-term agreement to provide Ferrari with renewable energies until 2034. This will help the luxury automaker reduce its carbon emissions. In recent years, power purchase agreements have become more popular in Italy as a means for manufacturers to lock-in energy costs and secure renewable power. Shell will provide 650 gigawatt-hours of electricity over a period of 10 years, using a plant that was developed by the oil group.
Coterra Energy misses quarterly profit, raises 2025 production forecast
Coterra Energy, an oil and gas company, missed Wall Street's expectations for the third quarter profit on Monday as lower oil prices offset an increase in production. However, it raised its production forecast. In after-market trading, shares of the company fell 3% to $23.66. U.S. president Donald Trump's policies on trade fueled uncertainty in the energy sector, as trade tensions escalating threatened to slow down global economic growth and weaken demand for energy.
France's offshore Wind sector is battered by government crises
Offshore wind developers, and suppliers of equipment are bracing themselves for a slowdown. A political crisis in France has caused changes to France's energy framework as well as government tenders to be stalled. Data released on Friday showed that business activity in France declined faster than anticipated in October. Emmanuel Macron's six successive prime ministers have been replaced by a divided legislature that has struggled to reach a budget-cutting agreement in the past two years.
Japan claims that replacing LNG from Sakhalin-2 in Russia would be expensive.
Japan's Industry Minister said that replacing the liquefied natural gas from Russia's Sakhalin-2 Project would be expensive and lead to higher electricity rates. Scott Bessent, U.S. Treasury secretary, has urged Tokyo, ahead of U.S. president Donald Trump's trip to Japan next Monday, to cease its Russian energy purchases. These mainly include LNG, which accounts for 9% or Japan's fuel imports. Ryosei Takazawa, 64-year old trade veteran…
South Africa coal heartland is home to a small solar city
Even though the locals are coughing up grey smog, coal keeps them at work, heats their homes during winter, and cooks dinner. Now, however, things are slowly beginning to change. South Africa, one of the largest coal exporters in the world, has launched a plan that will wean itself off coal pollution and embrace green industries to create jobs. Solar bricks - stackable lithium-ion batteries charged by sunlight - are used to power lights and mobile phones in almost every Nomzamo home.
Gas giants claim that Australia's opposition plan to reserve supplies may worsen the shortage
Gas giants around the world said that a proposal made by Australia's coalition of opposition to force producers to divert more gas from exports into the domestic market in an attempt to win votes would discourage investment and not solve the looming gas shortages. The conservative Liberal-National Coalition has pledged to lower power bills by implementing a gas reservations scheme. The center-left Labor government led by Prime…
Vucic: Serbia will lose access to oil imports when the deadline for sanctions looms.
Serbia may lose access to essential oil imports as of Friday, after discussions to stop the imposition by the United States of sanctions on its sole oil refinery failed. President Aleksandar Vucic stated this in an interview published. The waiver of sanctions expires at midnight. If it is not extended, NIS, which is owned by Russia's Gazprom and Gazprom in majority, may face a reduction in crude oil supply. NIS is the sole oil refinery in Serbia, with a capacity of 4.8 millions tons per year.
Chevron will build gas plants for data centers in the AI boom
The oil and gas company Chevron announced on Tuesday that it will build natural gas power plants near data centers in the U.S. as the energy demand for artificial intelligence growth is expected to grow. The second largest U.S. oil and gas producer has partnered with Engine No. The project is a partnership between Engine No. 1 and electric service company GE Vernova. Chevron announced the project a day after Chinese startup DeepSeek…
Trump's complaint about the trade deficit with EU and what could come next
Donald Trump, President of the United StatesTrump has pledged to reduce a long-standing trade deficit between the United States and the European Union. He says he will do this by imposing tariffs, or forcing the EU to buy more U.S. gas and oil. In a memo entitled "America First Trade Policy", issued by Trump on his first day in the White House, he directed the Commerce and Treasury Departments and the U.S. Trade Rep to investigate the goods trade deficit and recommend measures before April.
Floating Power Plants: Is Nuclear the Key in the Net-zero Energy Transition?
Floating nuclear power plants (FNPPs) may not immediately spring to mind as providing a solution to several of today’s key global challenges – but FNPP development is emerging as a means of decentralized stand-alone production of cost competitive hydrogen-based fuels and clean electricity and water, according to a new report by Intelatus Global Partners.The commercial case for deployment of FNPPs featuring small modular reactors…
German Trains to Run on Offshore Wind
German Rail (Deutsche Bahn – DB) has closed Germany’s first power purchase agreement (PPA) to buy electricity from an offshore wind farm.German Rail has signed a five-year deal starting in 2024 to buy the output of 25MW, or 8%, of the 295MW Nordsee Ost wind farm in the North Sea from utility Innogy and RWE Supply & Trading.The contract will run for five years, beginning in 2024. The supplied volume comprises 25 megawatts, which is the equivalent of four wind turbines.
Deutsche Bahn Signs Offshore Wind PPA in Germany
German railway company Deutsche Bahn AG (DB) will be purchasing about 8% of the total production of the 295-MW Nordsee Ost offshore wind farm from 2024.Deutsche Bahn will continue to steadily increase its purchase of electricity from renewable energy sources in the coming years. The relevant agreements for the supply of green power from the offshore wind farm Nordsee Ost between DB Energie GmbH, innogy SE and RWE Supply & Trading have been signed.The contract will run for five years, beginning in 2024.
Petronas Expands LNG Supply
Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) said that it is well-positioned to meet rising LNG demand and expands its flexible and innovative LNG solutions for existing and new markets."With its growing portfolio of LNG supply sources in Malaysia, Australia, Egypt and soon in Canada, Petronas is well-positioned to provide clean energy through its flexible and innovative LNG solutions to existing and new demand markets…
Qatargas, PetroChina Sign 22-Years LNG Supply Deal
Qatargas, the world’s largest LNG producer, has announced a long-term Sale and Purchase Agreement (SPA) with PetroChina International Company Limited, a unit of PetroChina Company Limited (PetroChina), to supply China with around 3.4 million tonnes of liquefied natural gas (LNG) per annum.Under the 22-year SPA, which ends in 2040, Qatargas will supply LNG from the Qatargas 2 project, a joint venture between Qatar Petroleum, ExxonMobil and Total…