Qatar shipped 25 more LNG cargoes in the first nine months of this year compared to 9M 2024, according to Gas Export Countries Forum (GECF). In its latest monthly report, GECF noted that the United States shipped 181 more cargoes during the period compared to 9M 2024. In September, some …
Read More »TotalEnergies Approves Restart of USD20bn Mozambique Gas Project
France’s TotalEnergies said Saturday the consortium it leads to build a USD 20-billion liquified natural gas project in Mozambique has decided to lift a suspension on the work imposed in 2021 because of jihadist violence. TotalEnergies said in a statement the “force majeure” halt to the Mozambique LNG project would …
Read More »China Rolls out Subsidy for Green Fuels Production
China announced a green hydrogen policy last week, which will see the country’s state budget offer subsidies for the production of green fuels. Interestingly, the initiative came in the week that IMO member states failed to adopt a Net-Zero Framework for the global shipping industry. China’s National Development and Reform …
Read More »Sonatrach Returns to Libya for Oil and Gas Exploration
Algerian state energy firm Sonatrach resumed oil and gas exploration drilling in Libya in mid-October, Libya’s National Oil Corporation (NOC) said on Thursday, as several international majors have restarted work in Libya’s oil and gas basins. Algeria’s Sonatrach is drilling an exploration well in the Ghadames basin close to the …
Read More »Google Backs Carbon-Captured Gas to Power Its AI Future
Google has signed the first U.S. corporate power purchase agreement involving natural gas with carbon capture, marking a major shift in how Big Tech plans to fuel the data-hungry future of artificial intelligence. The deal centers on the Broadwing Project, a 400-megawatt gas-fired power plant planned for Decatur, Illinois, developed …
Read More »Global LNG Exports Hit a Record High in September
Exports of liquefied natural gas globally increased to 34.59 million tons last month, which was the highest on record, the Gas Exporting Countries Forum reported. The increase was driven by a boost in imports, at an annual 3.7%, which in turn was driven by a surge in demand in the …
Read More »China Continues Russian Arctic LNG Imports despite Sanctions
The sanctioned Russian Arctic LNG export facility continues to ship cargoes to China as the U.S.-sanctioned project did not incur additional sanctions in Wednesday’s U.S. package imposed “as a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine.” While the U.S. slapped …
Read More »India may Reduce Russian Oil Imports for Trade Deal
The United States and India are nearing a trade deal that could slash U.S. tariffs on Indian imports from the massive 50% to 15-16% and possibly entail India agreeing to gradually reduce Russian oil imports, Indian newspaper Mint reported on Wednesday, citing three anonymous sources familiar with the talks. A …
Read More »Kazakhstan to Keep New Fuel Price Freeze until Spring
Kazakhstan will keep the freeze on fuel prices at least until the spring of 2026, Kazakh Economy Minister, Serik Jumangarin, said on Wednesday. Last week, Kazakhstan introduced a freeze on fuel prices in an attempt to curb runway inflation. The government also introduced a moratorium on further increases of utility …
Read More »Japan’s New PM Pushes for Faster Nuclear Reactor Restarts
Japan’s newly elected Prime Minister, Sanae Takaichi, favors accelerating the restart of nuclear reactors as a way to reduce the G7 economy’s dependence on energy imports. As part of its decarbonization plans, Japan has made a U-turn in nuclear energy policy and plans to rely more on nuclear reactors for …
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