As Europe’s benchmark natural gas prices have hit a one-year high, their premium over with the U.S. benchmark gas price has widened well above 2024 averages, signaling that U.S. LNG exporters will likely further boost deliveries to Europe to take advantage of the widening spread. Currently, the price of the …

Kazakhstan plans to produce 88.4 million tonnes of oil in 2024 instead of the previously announced 90.3 million tonnes, Energy Minister Almasadam Satkaliyev said. Oil production in the country totaled 73.5 million tonnes in the first ten months of 2024, Satkaliyev said during the government hour in the lower house …

Czechia will not seek an extension of its exemption from the EU ban on imports of Russian oil products, the Czech Ministry of Industry and Trade has confirmed, following an earlier report by Reuters. The exemption, granted as part of EU sanctions against Russia for its aggression in Ukraine, expires …

Canada plans to rapidly expand its nuclear power sector to contribute heavily to the countrys energy demand. Nuclear power contributes around 15% of Canadas energy at present. However, with plans to develop several new nuclear facilities, this figure is expected to grow significantly in the coming decades. The 2023 Federal …

Iraq’s electricity ministry said on Sunday that Iranian gas supplies had been completely halted for 15 days due to maintenance, impacting Baghdad, the central provinces, and the Middle Euphrates, resulting in the loss of 5.5 gigawatts from its national grid. It was no immediately clear when the 15 – day …

The volume of oil transportation through the system of main oil pipelines amounted to 57.8 million tons of oil from January through October 2024. Data obtained by Trend from the Ministry of Energy of the Republic of Kazakhstan reveals that, as of the end of October, more than 26 percent …

The agreement on all-encompassing partnership between Russia and Iran will cover the defense and security sphere, Russian Deputy Foreign Minister Andrey Rudenko said. “Concerning the contents of the mentioned founding document, I would elect not to disclose details earlier. I would only note it will meet challenges and requirements of …

The European Union’s Lead spokesperson for foreign affairs and security policy has expressed hope that the bloc’s nuclear diplomacy with Iran will soon resume. “We hope that nuclear diplomacy can resume soon since a solution to the Iran nuclear issue cannot wait any longer. It will also be conducive to …

Iranian Parliament Speaker Mohammad Bagher Ghalibaf has said that the interactions between Iran and the IAEA should occur in a non-political atmosphere and within the framework of existing commitments. During an open session of the Iranian Parliament on Sunday morning, Ghalibaf reacted to the anti-Iran stance of the three European …

The Czech Republic will phase out Russian oil imports by July 2025, Deputy chairman of the statement pipeline company MERO suggested on Friday. The move is part of the country’s energy diversification journey, although it hinges on the completion of a $60 million upgrade to the Trans Alpine (TAL) pipeline. …