Asia is stocking up on liquefied natural gas (LNG) to avoid a repeat of last winter’s crunch when colder than usual temperatures sent 2020/2021 winter spot LNG prices to records. Now prices are even higher, but many Asian buyers are still on the spot market despite the expensive gas in …

Japan is considering tapping into its national oil reserves, the country’s PM has confirmed, after Washington reportedly urged top oil consumers to release their reserves to tackle high crude prices. Speaking to reporters during his visit to the southern Japanese city of Matsuyama on Saturday, Prime Minister Fumio Kishida said …

China’s installed capacity of renewable energy power generation reached 1 billion kilowatts (kWs) by the end of October, accounting for 43.5 percent of the total installation, data from the National Energy Administration (NEA) showed Saturday. The 1 billion-kW threshold doubled the figure at the end of 2015, the NEA said. …

The Managing Director of the National Iranian Oil Company (NIOC) has said his company is seeking new win-win strategies for attracting investment in the country’s oil and gas industry, Shana reported. “When talking about the need to improve contracts and increase the bargaining power and attractiveness of projects, we do …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States decreased to 42 thousand bpd. EIA stated in a report, “The United States oil exports recorded 5.442 bpd in the second week of November.” The top three source countries of U.S. import oil …

Sweet crude grades from the U.S. Gulf Coast have seen increased interest from Asian buyers in recent weeks, as many refiners in the world’s largest oil-importing region are purchasing more of the sweeter crude varieties, energy analytics firm Vortexa says. Asian refiners are looking for more crude of the sweeter …

The Japanese government is considering to release crude oil reserves to curb the oil prices growth, Japan’s Kyodo news agency said on Saturday, citing sources. Previously, Japan resorted to this measure only in case of natural calamities or disruptions in overseas supplies caused by an unstable political situation. Consequently, the …

NASA is collaborating with the U.S. Department of Energy’s Idaho National Laboratory to establish a sun-independent power source for missions to the moon by the end of the decade. The two, on Friday, put out a request for proposals for the fission surface power system. “Providing a reliable, high-power system …

Located near the city of Yazd in central Iran, the new power plant will produce 17 megawatts of clean energy. This unique power plant which is being constructed next to Yazd Combined Cycle Power Plant on a 40-hectare land is aimed to develop clean energy, indigenize the knowledge for the …

Saudi Arabia recently came under attack for allegedly trying to block negotiations on climate action, and it has been named among countries that have tried to downplay the urgency of such action. It is not the poster boy for net-zero ambitions. And yet, the Kingdom has some major ones in …