Germany’s first liquefied natural gas terminal arrived on the country’s north coast, the first of several specialist tankers Berlin is counting on to ease its energy crisis. The Hoegh Esperanza, a floating storage and regasification unit, or FSRU, moored at Wilhelmshaven Thursday, ahead of an opening ceremony Saturday to be …

Since Russia invaded Ukraine, Europe has announced its intent to diversify its gas supplies away from Russia. Sensing an opportunity, Turkey is angling to become a natural gas hub and alternative supply route to the European Union from resource-rich countries in the Caucasus and Central Asia. During a trilateral summit …

Turkmenistan, Turkey, and Azerbaijan plan to set up a working group to cooperate in shipping Turkmen natural gas, Turkish Foreign Minister Mevlut Cavusoglu said at a joint press conference with his Turkmen and Azerbaijani counterparts in the city of Avaza, where the three countries had a summit. “We are willing …

Eni, Euglena, and Petronas will jointly study the possibility of developing and operating a biorefinery in the Pengerang Integrated Complex (PIC) in Malaysia. The three parties are currently carrying out technical and economic feasibility assessments for the proposed project, with the investment decision expected to be reached by 2023 and …

The UK will trim regulations for new power grids to speed up the construction of infrastructure vital to source more of the country’s electricity from wind. The Office of Gas and Electricity Markets — known as Ofgem — published a series of policy changes Thursday that will help ramp up …

Morgan Stanley expects Brent crude price to rise to about $110 a barrel by md-2023, supported by demand recovery and continued supply tightness. “We remain constructive on oil prices driven by recovering demand with the reopening of China’s economy and the recovery of the aviation sector,” the US investment bank …

Europe is bringing in diesel cargoes from around the world at close to a record pace ahead of the coming ban on shipments from its biggest external supplier. In the first 10 days of this month, the UK and European Union imported more than 16 million barrels of diesel-type fuel …

Oil consumption in China, India, and the Middle East has surprised to the upside in recent weeks, prompting the International Energy Agency (IEA) to revise up its oil demand growth forecast for both this year and next. Despite an expected fourth-quarter contraction of global oil demand by 110,000 barrels per …

Oil prices fell on Thursday as the possibility of further interest rate increases offset growing optimism over China’s demand outlook. Brent, the benchmark for two thirds of the world’s oil, was trading 0.56 per cent lower at $82.24 at 10.17am UAE time. West Texas Intermediate, the gauge that tracks US …

Ukrainian Prime Minister Denys Shmyhal said an agreement on moving heavy weapons from Ukraine’s Zaporizhzhya nuclear power plant is still being worked out but said a decision had been made to send IAEA teams to all Ukrainian nuclear power plants. There are no specifics yet, Shmyhal said on December 13 …