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DESFA Secures €169.3m for Carbon Storage, Pipeline Project
Greek gas operator DESFA, 66%-owned by a consortium led by Italy's Snam, said on Monday it had secured 169.3 million euros from the European Union's Innovation Fund for its carbon storage and pipeline project."The project includes a CO2 liquefaction, temporary storage and export facility at Revithoussa, transforming the existing LNG terminal into a
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Pakistan Cancels 21 Eni LNG Cargoes to Curb Excess Imports
Pakistan has struck a deal to cancel 21 liquefied natural gas cargoes under its long-term contract with Italy's Eni as part of a plan to curb excess imports that have flooded its gas network, according to an official document and two sources.The document from state-owned Pakistan…
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Poland Working on Deal to Import US LNG to Support Ukraine, Slovakia
Poland is working on a deal to import liquefied natural gas (LNG) from the U.S. to supply Ukraine and Slovakia, an agreement that would further tighten the European Union’s ties to American energy, according to two sources familiar with the negotiations.Officials expect to announce…
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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 car
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Sponsored: Policy, AI, and Capital Take Center Stage at ADIPEC 2025
ADIPEC 2025 kicks off in Abu Dhabi with a powerful message from Dr. Sultan Al Jaber for a balanced and inclusive approach to meeting energy demand, built on reinforcement, not replacement. Opening addresses and high-level sessions featuring CEOs and ministers spotlighted the importance of embracing all energy sources…
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Palm oil prices fall for the fourth consecutive week due to a combination of rising stocks and softer crude
Malaysian palm futures recorded a fourth successive weekly decline on the Friday amid expectations that stocks will be higher…
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METI: Sakhalin-1 vital for Japan's energy security as US sanctions Russian shareholders
Japan's Industry Ministry said on Friday that the country's energy safety is dependent on foreign projects including Russia's Sakhalin-1.
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Gas prices in Europe are falling due to a strong supply and mild weather.
The wholesale gas prices in the UK and Netherlands fell on Friday morning, as a result of a strong supply and unseasonably warm temperatures forecast.
Latest news
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Official: India's rapid roll-out of renewable energy and the mismatch in demand is driving up electricity costs.
A senior official from the Central Electricity Authority said that India's rapid rollout of renewable energy is straining grid operations…
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Freeport Indonesia announces that the investigation into the Grasberg incident is complete
Freeport Indonesia announced on Friday that the investigation into a mudflow that killed seven employees at its Grasberg…
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Palm set to fall for the fourth consecutive week on swelling stock, soft crude
Malaysian palm futures fell for the fourth consecutive week on Friday amid expectations that October end stocks would be…
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Sources from the Industry Ministry say that Japan will increase its LNG purchases as an emergency reserve in January.
Two sources from the industry ministry said that Japan, which is the second largest LNG importer in terms of volume, will…
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Emmvee Photovoltaic, a company that is preparing to IPO, bets $625.75 millions on India's solar boom.
Emmvee Photovoltaic Power, an Indian solar panel manufacturer that is preparing to launch its initial public offering, plans…
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EOG, a producer of shale oil and gas, has topped profit forecasts as production increases
EOG Resources surpassed analysts' expectations for the third quarter profit on Thursday as higher production helped offset a decline in crude prices.
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LNG Canada announces that it has begun production at its second unit.
The company announced that LNG Canada had begun producing liquefied gas in the second of two processing units. This unit is known as Train 2.
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German Lower House passes law allowing underground carbon storage
The lower house of the German Bundestag parliament has cleared the way for underground carbon storage. It passed a law on…
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TC Energy misses its profit forecast due to weakness in US operations and power business
Canada's TC energy missed its third-quarter profit estimates on Thursday due to weakness in the company's U.S. operations…
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ConocoPhillips lifts dividend, raises output forecast after profit beat
ConocoPhillips increased its quarterly dividend on Thursday and raised its full-year production projection after posting…
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Sources say that Russia's Orenburg plant has increased its gas imports from Kazakhstan
Two industry sources reported on Thursday that the Russian Orenburg gas plant had increased its gas intake from the Karachaganak…
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Maguire: Clean energy push in Australia reaches pivotal milestone for energy transition
Last month, Australian utilities produced more electricity using clean energy sources than fossil fuels. This was a first…
Shale Oil & Gas
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TC Energy misses its profit forecast due to weakness in US operations and power business
Canada's TC energy missed its third-quarter profit estimates on Thursday due to weakness in the company's U.S. operations…
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ConocoPhillips lifts dividend, raises output forecast after profit beat
ConocoPhillips increased its quarterly dividend on Thursday and raised its full-year production projection after posting…
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Sources say that Russia's Orenburg plant has increased its gas imports from Kazakhstan
Two industry sources reported on Thursday that the Russian Orenburg gas plant had increased its gas intake from the Karachaganak…
LNG
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Pakistan Cancels 21 Eni LNG Cargoes to Curb Excess Imports
Pakistan has struck a deal to cancel 21 liquefied natural gas cargoes under its long-term contract with Italy's Eni as part…
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DESFA Secures €169.3m for Carbon Storage, Pipeline Project
Greek gas operator DESFA, 66%-owned by a consortium led by Italy's Snam, said on Monday it had secured 169.3 million euros from the European Union's I
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Second LNG Carrier Departs from Sanctioned Portovaya LNG Plant
A second gas carrier has departed from Russia's U.S.-sanctioned Portovaya LNG plant on the Baltic Sea after a hiatus, in search of a foreign buyer…
Renewables
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Palm oil prices in Dalian are higher
The price of Dalian palm olein helped to support the closing prices for Malaysian palm oils futures on Thursday, after they…
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Prices rise due to wind and nuclear shortages
The European day-ahead electricity prices rose on Thursday, as supplies of wind and nuclear power tightened. Demand in France…
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India must double its sugar exports due to a surplus that is growing as a result of lower ethanol production
Industry officials stated on Thursday that India should double its sugar allocation for export to 2 million metric tonnes in the new season.