US technology and e-commerce group Amazon.com Inc has further expanded its portfolio of renewable energy projects backing its European operations, adding more than 1 GW of clean energy capacity as it works to achieve its overall renewables goal. The tech giant, which is the world’s largest corporate purchaser of renewable …
Read More »Output at Iran’s Largest Hydroelectric Power Plant up 60% y/y
Iran’s largest hydroelectric power plant, Karun-3 Dam, has reported a 60% increase in power production in the current water year, which began on September 23, compared to the same period last year. Seyyed Hamid Salehi, the CEO of the production and operation management company of Karun-3 Dam, announced the boost …
Read More »Eni and Qatar Sign 27-Year LNG Supply Deal for Italy
Eni SpA signed a 27-year liquefied natural gas deal with QatarEnergy, marking the Gulf nation’s third major contract with a European firm this month. Starting in 2026, a joint venture between the Middle Eastern company and Eni will deliver as much as 1.5 billion cubic meters of LNG per year …
Read More »Russia to Boost Natural Gas Supply to Hungary and China
Russia’s Gazprom will supply more gas to Hungary and China during the winter, CEO Alexei Miller told Russian media, as cited by Reuters. The update comes on the heels of another report that said Gazprom was working on expanding its gas export infrastructure to China. The Hungary and China updates …
Read More »China Discovers Its First 110-Billion-m³ Deep Coalbed Methane Field
Chinese offshore operator China National Offshore Oil Corp (CNOOC) announced on Monday the discovery of its first deep coalbed methane (CBM) field with proved geological reserves exceeding 110 billion cubic meters in northwest China’s Shaanxi Province, China Media Group (CMG) reported. The discovery of the Shenfu deep CBM field, located …
Read More »Canada’s LNG Ambitions Set to Reshape Global Gas Market
Over the last year, the U.S. has been ramping up its natural gas production, with plans to develop several more LNG facilities in the south of the country. But it seems like it’s not the only country to have major gas ambitions, as Canada continues to work on a massive …
Read More »Russia Makes up 40% of Indian Oil Imports, Dents OPEC’s Share
India, the world’s third largest oil importer and consumer, has emerged as the top buyer of the discounted Russian seaborne oil after Western nations stopped buying from Moscow following its invasion of Ukraine. Middle Eastern supplies are also likely to tighten further following Saudi Arabia’s decision to extend its voluntary …
Read More »India Looks to Make Solar Modules Locally
India plans to introduce new rules requiring domestic manufacturers to make solar cells and other key components in the solar module supply chain, India’s Minister of Power and New & Renewable Energy, Raj Kumar Singh, said on Friday. The new rules could be introduced in a couple of years, the …
Read More »Exxon Makes up for Lost Time with $60B Shale Deal
Three years ago, oil prices dipped below zero and Scott Sheffield’s company — like so many other producers — was in trouble. The long-time oil man had built Pioneer Natural Resources Co. from a family-run domestic driller into one of the largest acreage holders in the Permian Basin, a massive …
Read More »SPGC Cumulative Gas Output Exceeds $1.9 tcm in 25 Years
The managing director of South Pars Gas Company (SPGC) said that 1.96 trillion cubic meters (tcm) of natural gas have been processed by the complex refineries and injected into the country’s gas network since the complex was launched 25 years ago. Speaking to Shana on the occasion of the complex’s …
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