Market operator: Australia gas supply crunch will be delayed until 2030
The feared gas shortage in Australia's east has been delayed by one year, to 2030. This is due to the coal power extension, falling consumption, and rapid battery uptake. "Practical…
Palm prices surge on higher Chicago soyoil and crude oil prices, according to export data
The 'Malaysian Palm Oil Futures' gained over 1% on Thursday after two sessions in which they had lost ground. This was aided by a stronger Chicago Soyoil and Crude Oil prices, as well as 'robust export data.
Philippines suspends spot electricity sales due to Middle East conflict
The Philippines announced on Thursday that it had suspended the sale of electricity at spot prices until further notice due to fuel supply risks and price volatility caused by Iran's war.
NNPC: Nigerian LNG cargoes are attracting more buyers.
A senior Nigerian National Petroleum Company official said that the West African producer is experiencing a stronger demand for its LNG cargoes due to the energy disruptions caused by the Middle East war.
TC Energy signs new agreements for GasLink expansion
TC Energy announced on Wednesday that it has signed commercial agreements with LNG Canada for the second phase of its Coastal 'GasLink Pipeline Project. The agreements'mark a 'key?milestone…
Meloni: Italy wants to get more gas from Algeria
Giorgia meloni, the Italian Prime Minister who visited Algiers in November, said that Italy hoped to receive more natural gas from Algeria after agreeing to intensify 'energy cooperation' with this north African nation.
Dallas Fed survey shows first quarter oil activity is up
Activity in?U.S. The Federal Reserve Bank of Dallas released a report on Wednesday that showed the oil and gas industry in Texas, Louisiana, and New Mexico, the three 'key producing states…
India Buys First Iraian LPG Since US Removes Sanctions
India has bought its first cargo of Iranian liquefied petroleum gas in years after the U.S. temporarily removed sanctions on Tehran's oil and refined fuels, LSG trade flows and three…
Italian Looks to Receive LNG from Algeria, Strengthen Energy Cooperation
Italy hopes to receive more gas from Algeria after agreeing to strengthen energy cooperation with the north African nation, Italian Prime Minister Giorgia Meloni said on a visit to…
Oil Prices Fall 4% as US Proposes Iran Peace Plan
Oil prices slid about 4% on Wednesday on reports that the U.S. had sent Iran a 15-point proposal aimed at ending the war, prompting talk of progress toward a ceasefire.Brent futures fell 3.96…
SLB extends Nvidia's partnership with energy sector to develop AI infrastructure
SLB, an oilfield services company, announced on Wednesday that it would expand its partnership with Nvidia to develop artificial intelligence models and infrastructure for the energy industry.
India plans to reduce emissions intensity by 47 percent by 2035 compared to 2005 levels
Ashwini Vashnaw, India's Information Minister, said that the cabinet had?approved an objective to reduce emissions intensity by 47% from 2005 levels by 2035 as part of India's formal climate pledges under?the Paris Agreement.
Sources say that India has bought its first cargo of Iran LPG in many years since US sanctions have been eased.
LSG trade flows, along with three industry sources, reported that India had 'purchased its first cargo' of Iranian liquefied petroleum gas after years. The U.S. temporarily lifted sanctions on Tehran’s refined fuels and oil.
Germany announces climate plan for reducing emissions and fossil fuels
Germany announced plans to help it achieve its 2030 climate targets and reduce dependence on volatile fossil fuel imports. It has made 8 billion euros (9.28 billion dollars) available for the implementation of these measures.
Prices of EUROPE GAS fall amid tentative market expectations for an end to the Iran war
Dutch and British benchmark gas prices fell early on Wednesday to their lowest level in nearly two weeks, following news of the U.S. initiative to negotiate an end to the war with Iran…
Gas companies claim that Japan's demand for gas could fall if the war in Iran affects plastics supplies.
Gas company chiefs warned on Wednesday that Japan's gas consumption could fall if the war on Iran continues. Osaka Gas provides?gas? to factories. If these plants are forced into a…
China's coal-chemicals sector reaps the benefits as Iran war crushes its petrochemical rivals
China's coal-to-chemicals stock has risen by up to 30% since the Iran War began, as the industry?capitalizes on its ability to?turn domestic coal into petroleum and?other chemicals…
Equinor CEO: EU unlikely to increase Russian Gas Imports
Anders Opedal CEO of Norway's Equinor said on Tuesday that the European Union is unlikely to increase Russian gas imports in order to offset Middle East supply disruption as long as Russia's 'war' with Ukraine continues.
India orders the strengthening of its natural gas infrastructure amid shortages
India issued an order Tuesday to address obstacles in building and expanding its natural?gas?infrastructure, as it aims to 'diversify' its fuel supply in the face of disruptions on…
Industry executives warn that the global energy crisis is worsening; attempts to plug the supply gap are not enough.
Executives and oil ministers reaffirmed that the global energy crisis has worsened as emergency measures by governments around the world have failed to plug the huge shortfall of oil and gas caused by the U.S.