Spain cannot claim immunity as a state in the UK dispute over renewable energy incentives
The United Kingdom's top court ruled that Spain cannot claim immunity in order to prevent a multimillion euro award being made?over the reduction of renewable energy incentives. This limits states' rights to claim immunity when they are involved in disputes with investors. The Supreme Court stated, however, states can claim immunity with respect to the execution of a arbitration award against state property.
Spain cannot claim immunity as a state in the UK dispute over renewable energy incentives
The United Kingdom's highest judicial court ruled that Spain could not claim immunity to prevent a'multimillion-euro' award for cuts in renewable energy incentives from being registered. This limits the ability of states to claim immunity when they are involved in disputes with investors. Infrastructure Services Luxembourg and Energia Termosolar which invested in renewable energy in Spain brought Spain to arbitration more than 10 years ago under the Energy Charter Treaty for withdrawing subsidies.
Politico reports that Trump has slammed the energy deal between California, Britain and Trump
Reports from Politico indicate that President Donald Trump denounced the clean energy agreement signed between California Governor Gavin Newsom and the United Kingdom on Monday. In an interview, Trump stated that it was "inappropriate for Britain" to deal with the Democratic Governor. Trump, who is Republican, called Newsom, "a loser", saying that "his state had gone to hell and his environmental work was a disaster." Newsom…
Maguire: China tightens its grip on clean tech with growing exports of EVs.
China's position as the world leader in clean technology is best illustrated by its EV exports. These will reach nearly $70 billion dollars in 2025, and span over 150 countries. Electric vehicles are a major part of China's manufacturing industry, and millions of people work in the various supply chains that support?clean cars? and their components. Over half of new cars in China are EVs. But as the domestic market slows, China's EV industry is likely to become more dependent on foreign markets.
Maguire: China tightens its grip on clean tech with EV export growth.
China's position as a global leader in clean technology is best illustrated by its massive EV exports. These will reach nearly $70 billion dollars in 2025, and span well?over 150 different countries and territories. Electric vehicles are a major part of China's manufacturing industry, and millions of people work in the various supply chains that support clean cars. Over half of new cars in China are EVs.
As Europe Premium widens, LNG tankers divert their eastbound route
Shiptracking data shows that traders are taking advantage of higher gas prices in Europe compared to Asia by diverting two LNG tankers originally bound for Asia towards Europe and Turkey. The fall in temperatures in northern hemisphere is boosting the heating demand in Asia and Europe, and driving up prices. On Thursday, the price of Asian LNG futures was $11.22 per million British Thermal Units (mmBtu), based on S&P Global Energy Plts Japan-Korea Marker.
As Europe Premium widens, LNG tankers divert their eastbound route
Shiptracking data shows that traders are taking advantage of higher gas prices in Europe compared to Asia by diverting two LNG tankers originally destined for Asia towards Europe and Turkey. The fall in temperatures in the northern hemisphere is boosting heating demand. Prices are rising?in both Asia and Europe, and regional competition for LNG supplies is increasing. On Thursday, the price of Asian LNG futures was $11.22 per 100,000 British thermal units.
What excites and concerns LNG exporters by 2026? Maguire
In 2025, the LNG industry will make history after exports and production of super-chilled fuel broke records and generated billions in revenue across the global supply chain. Gas sellers were encouraged by the 25% increase in LNG purchases in Europe. This was an important development and raised expectations that gas consumption in countries like Germany, Italy and United Kingdom will continue to grow in 2026.
What excites and concerns LNG exporters by 2026? Maguire
In 2025, the LNG industry will make history after the production and exports of super-chilled fuel broke records and generated billions in revenue across the global supply chain of liquefied gas. The 25% increase in LNG purchases in Europe was a major highlight. This gave gas sellers hope that gas consumption in countries like Germany, Italy and the United Kingdom will continue to grow in 2026. Three of the top five LNG buyers - all in Asia - are reducing their imports…
After merger probe, UK watchdog orders Aramark divest Entier
The British Competition Watchdog ordered Aramark, a U.S. food services provider, to sell the offshore catering company Entier on Thursday. It ruled that this acquisition would harm competition in North Sea oil and natural gas platforms. After a?in-depth examination, the Competition and Markets Authority stated that the deal combined two of the only three major offshore caterers and facilities managers in the UK Continental Shelf.
Lukoil Diverts Oil From Azerbaijan to Russia to Combat Sanctions
Russia's second-largest oil producer, Lukoil, has started diverting Caspian oil flows from the Azeri capital of Baku to the Russian port of Makhachkala to tackle Western sanctions, two industry sources said on Thursday.One of the sources said the tanker, Lady Leila, under the Russian flag is due to arrive later on Thursday to Makhachkala with a cargo of 5,000 metric tons of crude oil from Lukoil's Korchagin oilfield in the Caspian Sea.The United States and the United Kingdom last month imposed sancti
Lukoil Struggles to Maintain Overseas Operations Amidst Sanctions
Russian oil major Lukoil is struggling to keep operations running at its sprawling foreign businesses as Western sanctions disrupt oil loadings in Iraq, pump stations in Finland and trading in Switzerland, sources said.The United States and the United Kingdom last month imposed sanctions on Russia's second-largest oil company, complicating how it carries out its normal operations.The U.S. Treasury Department issued a licence giving companies until November 21.
Indian refiners pause new Russian oil orders, await clarity, sources say
Sources told Reuters on Tuesday that Indian refiners had not placed any new orders to purchase Russian oil since the sanctions were implemented, because they awaited clarification from both the government and their suppliers. Sources who declined to be identified because they were not authorized to speak with the media said that some refiners use the spot market to meet their crude needs. Sources claim that Indian Oil, a state-run company, has published a tender to purchase oil.
Sponsored: UAE Breaks Ground on GW-Scale Renewable Energy Hybrid
In line with the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, world-first project reaffirms UAE’s leadership position in clean energy, directly addressing intermittency of renewables. Project will reimagine potential of renewable energy, delivering 1GW of baseload power at a globally competitive tariff, establishing a blueprint for future international…
Glencore's memo shows that the head of LNG is promoted to be in charge of oil and gas trading.
According to a memo sent to Glencore staff, Maxim Kolupaev has been promoted to head the entire oil and gas division of the company when Alex Sanna leaves at the end 2025. Trading houses often make as much money from gas and LNG as they do in their oil and fuel business, as LNG production increases globally and Europe replaces Russian natural gas with U.S.-produced LNG. In a memo, Glencore CEO Gary Nagle stated that Kolupaev would lead the division into its next phase.
Masdar and Iberdrola, both from the UAE, invest in a 1.4 gigawatt UK wind farm
Masdar, Abu Dhabi's renewable energy company owned by the government and Iberdola of Spain will invest together in a 1.4 Gigawatt (GW), wind farm in United Kingdom. This was announced in a Thursday statement from Masdar's parent firm TAQA. According to the statement, it is estimated that the project will cost approximately 5.2 billion euro ($6.10 billion) and that 24 international banks have signed agreements for project financing of around 4.1 billion euro.
Maguire: US LNG exports reach new heights due to strong European demand
The U.S. has exported more than 20% of its LNG this year compared to the same period last year, mainly due to purchases from European nations. These countries accounted for three-quarters of all U.S. orders. According to Kpler (a trade intelligence firm), the total U.S. LNG shipments from January to April reached 34.6 million tons. This was by far, the highest volume ever recorded for this period. The United States exported 26.5 million tonnes or 77% of its total volume to European countries.
Maguire: US LNG exports reach new heights due to strong European demand
The U.S. has exported more than 20% of its LNG this year compared to the same period last year, primarily due to purchases from European nations. These countries accounted for three-quarters of all U.S. orders. According to Kpler (a trade intelligence firm), the total U.S. LNG shipments from January through April was 34.6 million tons. This is by far, the highest volume ever recorded for this period. The United States exported 26.5 million tonnes or 77% of its total volume to European countries.
Strategie Grains trims sunseed to keep EU rapeseed forecast.
Strategie Grains, a consultancy in the United Kingdom, has kept its forecast for 2025/26 European Union Rapeseed Production unchanged for the third consecutive month. However it has reduced its outlook for next EU Sunflower Seed Crop. The consultant still expects rapeseed production, the EU's major oilseed crop to reach 19.0 million metric tonnes next season, which is 13% more than the volume of 2024/25.
UK watchdog warns SLB-ChampionX could harm competition
The British Competition Regulator said that the proposed $8 billion acquisition of smaller competitor ChampionX by oilfield services firm SLB could lead to a significant lessening in competition in the United Kingdom. SLB and ChampionX will not be allowed to proceed with an in-depth investigation unless they offer corrective measures, said the Competition and Markets Authority. The companies have until April 3, 2019 to provide these remedies.