BP has signed a sales and purchase agreement with a unit of China’s Shenzhen Gas Group Co Ltd to supply piped natural gas for 10 years starting 2023, BP said in a statement on Wednesday. Under the agreement, BP will provide Shenzhen Sino-Benny LPG Co Ltd, a wholly-owned unit of …
Read More »India Open to Crude Term Deal with OPEC +
India is open to the idea of a term deal with OPEC + to ensure price stability in crude supplies, Oil Secretary Tarun Kapoor said Oct 20 at the India Energy Forum by CERAWeek, erasing volatile price swings detrimental to the economic growth of Asia third-largest economy. He said such …
Read More »Gazprom Rejects Gas Supply Increase to Europe
Gazprom has rejected the opportunity to maximise gas sales to Europe for the second month running, with the Russian gas giant booking only a small share of available additional pipeline capacity for November. The company did not book any additional capacity on pipelines running through Ukraine to the EU for …
Read More »QatarEnergy, Shell to Pursue Hydrogen Projects in the UK
QatarEnergy and Shell have signed an agreement to pursue joint investments in blue and green hydrogen projects in the UK, the Qatari state-run company said on October 19. “The partners will target integrated and scalable opportunities in key sectors where hydrogen could help decarbonise, especially around industrial cluster development and …
Read More »UN Atomic Agency Head to Visit Iran soon
The head of the U.N.’s atomic watchdog plans to visit Iran before the end of next month amid questions about whether Iran will return to negotiations. International Atomic Energy Agency chief Rafael Grossi said Tuesday he intends to visit Tehran “soon” to discuss and hopefully resolve specific concerns about Iran’s …
Read More »Russia Signals Europe won’t Get Extra Gas without Nord Stream 2
Russia is signaling that it won’t go out of its way to offer European consumers extra gas to ease the current energy crisis unless it gets something in return: regulatory approval to start shipments through the controversial Nord Stream 2 pipeline. In exchange for upping supplies, Russia wants to get …
Read More »Huawei Wins Red Sea Energy Storage Project
Huawei Digital Power has signed a key contract with SEPCOIII for the Red Sea Project with 400 MW PV plus 1300 MWh battery energy storage solution (BESS), which is currently the world’s largest energy storage project. The contract was announced at the Global Digital Power Summit 2021 in Dubai, UAE. …
Read More »Global Experts at Adipec to Discuss Critical Role of Hydrogen
Adipec, the world’s most influential live and in-person meeting place for energy companies and professionals, will discuss in detail how hydrogen can potentially deliver a holistic, clean, integrated approach to region’s energy sector. Taking place immediately after the UN climate meeting COP 26, Adipec will bring together hundreds of ministers, …
Read More »Iran FM Stresses Tangible Results in Nuclear Negotiations
Iran welcomes negotiations that have tangible, practical results, the Iranian Minister said, adding that Tehran will return to its commitments if other JCPOA members fufilll their obligations. A telephone conversation was held between the Iranian Minister of Foreign Affairs Hossein Amir-Abdollahian and the UN Secretary-General António Guterres on Monda night. …
Read More »Coal Surges to another Record in China as Cold Wave Adds to Energy Crisis
Coal futures in China surged to another record to put a previously unthinkable level of 2,000 yuan (S$420) a tonne in sight, as a cold blast adds to the country’s energy crisis. Cool weather has descended on eastern China, sparking an early start to the winter heating season in some …
Read More »