The last LNG carrier that passed the Bab el Mandeb strait off the Yemeni coast did so in February. Since that month, there has been no LNG traffic via the once major energy chokepoint as vessels diverted around Africa—or changed destinations entirely. When the Houthi attacks on ships traversing the …
Read More »China’s Coal Country to Boost Output
China’s biggest coal-producing province is set to boost output in June in a bid to prop up the provincial economy after a drop in coal production earlier this year. Production in Shanxi declined substantially in the first quarter, due to closer oversight on safety practices after a series of fatal …
Read More »EU Courts Kazakhstan and Uzbekistan for Critical Raw Materials
Ramped-up offshore exploration for rare earth metals and minerals, vital components in sought-after products like hybrid vehicles and smartphone screens, continues to cut into China’s long-held position as the primary global supplier. Countries like Australia, the United States, Myanmar, and even nations like Malaysia, Vietnam, Uzbekistan, and Kazakhstan continue to …
Read More »Qatar Believes the World will Need more LNG Projects after 2030
Natural gas in energy supply is not going anywhere and its demand will only rise with growth in economies and global population, which will require additional LNG projects to come online after 2030, the energy minister of one of the biggest LNG exporters, Qatar, said on Wednesday. “Everybody’s trying to …
Read More »Japan Looks to Strike a Balance between Energy Security and Net Zero
Resource-poor Japan is launching the most important energy policy discussions in its post-World War Two history, aiming to strike a balance between the need to boost its energy security with conventional sources and its pledge to become a net-zero economy by 2050. The industry ministry of one of the world’s …
Read More »Caspian Power Trio Aims to Electrify the European Union
Economic integration efforts among CentralAsian-Caspian Basin states are gaining momentum. Azerbaijan, Kazakhstan and Uzbekistan are developing a green energy plan to link their power grids with an eye towards exporting electricity to the European Union. The energy ministers of the three countries announced the signing of a memorandum of understanding …
Read More »The U.S. Battery Boom is Revolutionizing Renewable Energy
The U.S. has been investing heavily in boosting its battery storage capacity and developing its electric vehicle (EV) battery manufacturing capabilities, and it seems that it has paid off as the country is now home to several massive battery projects with many more in the pipeline. Since the introduction of …
Read More »Consumers Sue U.S. Shale Alleging Collusion to Boost Oil Prices
U.S. shale producers have been preaching and practicing capital discipline since the price crash of 2020 and haven’t deviated from their pledge to focus on shareholder returns instead of oil production growth since then. Some of the biggest independent U.S. shale firms may have started to finally please investors with …
Read More »UAE and Oman Partner for Renewable Energy and Green Tech Projects
The Middle East is expanding its renewable energy and clean tech sectors at an accelerated pace, as several countries plan for economic diversification beyond oil and gas. While fossil fuels may continue to provide massive revenues for countries such as Saudi Arabia, the UAE, and Qatar, these Middle Eastern states …
Read More »Japan Sees 50% Surge in Electricity Demand by 2050
Japan would need to increase its electricity output by between 35% and 50% by 2050 to meet a proportionate surge in demand, a government projection has revealed. Japan’s electricity output for this decade is estimated at around 1 trillion kWh but this needs to expand to up to 1.5 trillion …
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