India’s commitment to coal remains stronger than ever, and the government’s latest move to extend the mandate for coal-fired plants to run at full capacity until February 28 is proof of that. In a world where renewables may be slowly gaining ground, coal continues to power over 70% of India’s …
Read More »European Gas Prices Soar as Putin Says a New Ukraine Transit Deal Is Unlikely
Europe’s benchmark natural gas prices soared on Friday by the most in a week after Russian President Vladimir Putin said on Thursday that the chances of a new deal for Russian gas flows to Europe via Ukraine are low. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, …
Read More »Turkey Eyes Role in Syrian Oil and Gas Production
Turkey has signaled it wants to take part in the revival of oil and gas production in Syria, Bloomberg has reported, citing a statement by Turkey’s energy minister. Speaking to the media, Alparslan Bayraktar said that Turkey was working to help Syria with its electricity supply, adding that expanding this …
Read More »Oil Prices Rise on China Growth Optimism and Strong US Demand
Crude oil prices were heading towards a weekly gain earlier today following an update from the World Bank on the growth prospects of the Chinese economy next year. Brent crude was trading at $73.18 per barrel at the time of writing, with West Texas Intermediate at $69.58 per barrel, after …
Read More »Iraq’s Oil Exports Decrease by 31,000 Barrels per Day in November
Official figures showed that Iraq’s oil exports decreased last month by over 31,000 barrels per day. Oil exports from Iraq during November reached approximately 3.29 million barrels per day compared to 3.32 million barrels per day in October, according to Attaqa News. Iraq exported 3.31 million barrels of oil per …
Read More »Rosatom to Build 100 MW Wind Farm in Kyrgyzstan
Rosatom Renewable Energy, the wind power division of Russia’s State Atomic Energy Corporation Rosatom, has signed an investment agreement with Kyrgyzstan’s Cabinet of Ministers to construct and operate a 100 MW wind farm in Kok-Moinok village, located in the Issyk-Kul region The agreement was formalized by Taalaibek Ibraev, Kyrgyzstan’s Minister …
Read More »MOL and QatarEnergy Sign Time Charter for Six LNG Carrier Newbuilds
Mitsui O.S.K. Lines, Ltd has entered into a long-term time charter contract of six QC-MAX, 271 000 m3 LNG carriers with QatarEnergy. The vessels will be built at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd in China, for delivery between 2028 – 2031, and be jointly owned with COSCO SHIPPING LNG Investment …
Read More »American Graphite Makers Push for 920% Tariffs
The price of batteries could surge, with some component prices doubling, if the U.S. imposes an additional hefty tariff on U.S. imports of graphite from China that the American battery material makers seek, industry analysts say. Energy storage and EV batteries could see costs in the U.S. more than double …
Read More »Oil Prices Rise 1% in Thin Pre-Holiday Trade
Oil prices rose more than 1% on Tuesday, reversing the prior session’s losses on a brightening short-term outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays. Brent crude futures settled at $73.58, rising 95 cents, or 1.3%. U.S. West Texas …
Read More »Qatar Looks to Double Its LNG Output by 2030
Liquefied natural gas (LNG) immediately became the world’s key emergency energy supply when Russia invaded Ukraine on 24 February 2022. Unlike oil or gas transported through pipelines, LNG does not require vast expense and years of building a complex infrastructure before it is ready to transport. On the contrary, it …
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel