The United States has expressed willingness to cooperate with India in the nuclear energy sector as Asia’s second-largest economy opens its civil nuclear industry to private investment and foreign participation. “We welcome India’s new #SHANTIBill, a step towards a stronger energy security partnership and peaceful civil nuclear cooperation,” according to …
Read More »Oil Prices Inch up on US Action against Venezuela
Oil prices rose slightly on Friday after the U.S. put greater economic pressure on Venezuelan oil shipments and carried out airstrikes against Islamic State militants in northwest Nigeria at the request of the government in Abuja. Brent crude futures rose 6 cents, or 0.1%, to $62.30 per barrel at 0456 …
Read More »China Aims for 15 Gigawatts of Solar Thermal Power by 2030
China looks to accelerate solar thermal power development in a new policy roadmap unveiled on Tuesday, with plans to have as much as 15 gigawatts (GW) of such installed capacity by 2030. Costs for the solar thermal power, which differs from solar photovoltaic (PV) as it is used to heat …
Read More »Japan Launches $1.3 Billion Investment Scheme for Clean Power Users
Japan will provide investment subsidies of a total of $1.3 billion (210 billion Japanese yen) over five years to companies using only clean power, as the world’s fifth biggest carbon dioxide emitter looks to bolster renewable energy usage. The funds will be available for five years beginning in the 2026 …
Read More »China’s LNG Prices Slide to a Five-Year Low as Winter Demand Disappoints
Prices for liquefied natural gas in China have fallen to the lowest in five years as demand failed to live up to expectations despite winter being peak season, driven by heating demand. Citing data from a Chinese commodities pricing outlet, Bloomberg reported the wholesale price per million British thermal units …
Read More »Equinor Suspends Work on $3 Billion Offshore Wind Farm
Norway’s Equinor said it had suspended work on the offshore wind project Empire Wind 1 following a Monday stop-work order issued by the Trump administration. The order relates to a pause on the leases of five offshore wind power projects, declared by the Department of the Interior on national security …
Read More »Indonesia Tenders Eight New Oil and Gas Blocks to Boost Reserves
Oil and gas producer Indonesia has put up for tender eight new blocks to award to companies as Southeast Asia’s biggest economy looks to boost domestic hydrocarbon reserves and production. Interested parties can submit bids by February 5, 2026, for the onshore and offshore blocks Tapah, Nawasena, Mabelo, Arwana III, …
Read More »Russian LNG Exports to China Break Record
Russian liquefied natural gas exports to China broke a record set earlier this year, overtaking Australian shipments in November, according to customs data cited by Bloomberg. The data showed that Russian LNG flows to China in November rose more than twofold from a year earlier to reach 1.6 million tons, …
Read More »Japan Votes to Restart Its Largest Nuclear Power Plant
The Niigata prefecture parliament today voted to restart Japan’s largest nuclear power plant, Kashiwasaki-Kariwa, fourteen years after the Fukushima nuclear disaster that saw the country shut down 54 reactors. The regional vote is the latest step in a long process to revive nuclear energy in resource-poor Japan to reduce its …
Read More »Australia to Mandate LNG Export Curbs to Ensure Local Supply
Australia’s government is set to impose mandates on LNG producers in the country to set aside a certain percentage of their output for the domestic market to avoid shortages, despite industry opposition. According to a Reuters report on the news, plans are to set the threshold at between 15% and …
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