The current level of global capital spending is still far from sufficient to combat the energy and climate crises. That’s one of the findings of the new report by the International Energy Agency (IEA) which estimates that global energy investment is set to increase by 8% this year to reach …

ExxonMobil and QatarEnergy have announced they have signed an agreement to further develop Qatar’s North Field East project, which will expand Qatar’s annual LNG capacity from 77 million t to 110 million t by 2026. The deal was announced at QatarEnergy’s headquarters in Doha. “We are collaborating with QatarEnergy on …

International Energy Agency (IEA) chief Fatih Birol has warned Europe to be prepared for the possibility of a complete shutdown of Russian gas exports this winter, calling on EU governments to widen the span of measures aimed at preparing for this scenario, the Financial Times reported on Wednesday. “Europe should …

Russia has summoned the European Union’s envoy to Moscow to “strongly” protest new restrictions on goods shipments to its Kaliningrad exclave through EU member Lithuania while threatening the Baltic state with “retaliation.” The Foreign Ministry in Moscow said on June 21 that EU Ambassador to Moscow Markus Ederer was informed …

Turkmenistan talks a big game about diversifying export markets for its natural gas, but China will be the only major customer for the foreseeable future. The scale of the quasi-monopsonistic reality that Ashgabat confronts was laid bare anew on June 18 in a speech President Serdar Berdymukhamedov gave in the …

For US President Joe Biden, it’s a Hobson’s choice on Chinese solar panel imports. His new move to pause tariffs on imported Chinese-made silicone solar panels for two years has been either hailed or criticized. The announcement came in the middle of an ongoing investigation by the US Commerce Department. …

The risk of a difficult winter of gas rationing for industries and another surge in energy bills for consumers in Europe just became greater as Russia escalated the gas row with the EU by slashing supply to major customers. The significantly lower supply from Russia since last week and the …

ExxonMobil CEO Darren Woods on Tuesday said it would take time for energy market volatility to end and that he expects three to five years of fairly tight oil markets. Speaking at a panel at the Bloomberg Qatar Economic Forum in Doha, Woods added that the company had asked the …

An Italian proposal to cap natural gas prices in Europe is gaining traction across the region as countries increasingly see it as the “only solution” to soaring costs, Energy Minister Roberto Cingolani said Tuesday. Italy has recommended that European Union member states put a limit on the price of gas …

Denmark’s energy agency said on Monday it had activated the first step of a three-stage emergency gas supply plan, which effectively means a tighter monitoring of the market, due to uncertainty about gas supplies from Russia. The energy agency said gas supplies were guaranteed for now but urged consumers and …