Developers of U.S. LNG export facilities could launch $100 billion worth of new plants over the next five years as high prices and the need for energy security create strong momentum for long-term LNG demand and contracts. The United States is set to overtake Qatar and Australia as the world’s …

BMW is showing off its first hydrogen-powered iX5 sport utility vehicles this year but still has some way to go to make the technology a viable alternative to battery-electric cars. The German manufacturer plans to ship about 80 of the SUVs to Europe, Asia, the US and the Middle East …

European imports of liquefied natural gas soared last year as nations sought to cover for drops in Russian pipeline supplies, a report from the International Energy Agency said Tuesday. The jump in demand from European nations sent prices spiking higher, with global sales doubling in value to $450 billion even …

If the current increase in Nigeria’s oil production is sustained, the country may not find much trouble financing its 2023 budget, with the Vitol Group, the world’s largest energy trader predicting yesterday that oil prices could return to triple digits later this year. Vitol’s Chief Executive Officer, Russell Hardy, said …

Oil prices could hit the $90-$100 per barrel range in the second half of this year as global demand is set to reach record levels amid constrained supply, Russell Hardy, CEO at the world’s largest independent oil trader, Vitol Group, has said “The prospect of higher prices in the second …

European gas demand is expected to be “broadly flat” this year after falling to an all-time low in 2022 following the curtailment of Russian exports, the International Energy Agency said. But there is a “high” level of uncertainty about Russian supply cuts and the possible economic effect of volatile energy …

Southwest China’s Yunnan Province on Monday inked photovoltaic project deals with a total generation capacity of 10 gigawatts in a green drive to alleviate its power supply shortage. Yunnan Provincial Energy Investment Group and Yunnan Provincial Investment Holdings Group signed the project deals with parties from seven prefectures and cities …

Oil prices slid on Monday as recent economic data from the US, the world’s largest oil consumer, suggests that the US Federal Reserve will maintain its hawkish stance on interest rates, supporting the dollar near multi-week highs. International benchmark Brent crude traded at $82.31 per barrel at 9.58 a.m. local …

The value of Iran’s non-oil exports rose 12.22 percent during the first 11 months of the current Iranian calendar year (March 21, 2022-February 19, 2023), as compared to the same period of time in the past year. According to Mohammad Rezvani-Far, the head of the Islamic Republic of Iran Customs …

A year into an unprecedented energy crisis that rocked the European Union, officials in Brussels are ready to unveil their plan to prevent consumers from facing huge swings in electricity prices in the future. While some EU leaders pledged massive overhaul, what’s likely to emerge is anything but radical. Power …