Researchers from the University of Nottingham in the United Kingdom have developed a residential ice-source heat pump system that uses repurposing existing gas pipelines to transport water for the ice-source heat pump’s operation. “Our heat pump demonstrates superior performance compared to all existing types, based on our claims. We have …
Read More »Can Lebanon’s Renewable Energy Sector Rise to the Challenge?
Lebanon has been facing an energy crisis for several years, with regular blackouts leading to an overreliance on diesel generators for power. This is largely due to years of misspending public funds and underinvestment in the country’s energy infrastructure. Now, there are concerns that Lebanon’s ongoing conflict with neighbouring Israel …
Read More »BP to Spend $7 Billion on Indonesia Gas Field with Carbon Capture
BP has struck a deal to develop a natural gas field in Indonesia, complete with a carbon capture system. The deal’s value is seen at $7 billion, with resources to be tapped estimated at 3 trillion cubic feet. “This project not only unlocks a fantastic gas resource, it also represents …
Read More »U.S. LNG Exports to Europe Set to Surge as European Gas Prices Soar
As Europe’s benchmark natural gas prices have hit a one-year high, their premium over with the U.S. benchmark gas price has widened well above 2024 averages, signaling that U.S. LNG exporters will likely further boost deliveries to Europe to take advantage of the widening spread. Currently, the price of the …
Read More »Kazakhstan to Reduce Oil Output to 88.4 mln Tonnes due to Field Overhauls, OPEC+ Obligations
Kazakhstan plans to produce 88.4 million tonnes of oil in 2024 instead of the previously announced 90.3 million tonnes, Energy Minister Almasadam Satkaliyev said. Oil production in the country totaled 73.5 million tonnes in the first ten months of 2024, Satkaliyev said during the government hour in the lower house …
Read More »Czechia does not Seek Extension of Russian Oil Import Exemption
Czechia will not seek an extension of its exemption from the EU ban on imports of Russian oil products, the Czech Ministry of Industry and Trade has confirmed, following an earlier report by Reuters. The exemption, granted as part of EU sanctions against Russia for its aggression in Ukraine, expires …
Read More »Canada Plans to Develop Nuclear Facilities, Increase Uranium Production
Canada plans to rapidly expand its nuclear power sector to contribute heavily to the countrys energy demand. Nuclear power contributes around 15% of Canadas energy at present. However, with plans to develop several new nuclear facilities, this figure is expected to grow significantly in the coming decades. The 2023 Federal …
Read More »Iraq Says 15-Day Halt in Iranian Gas Cuts 5.5 GW from National Grid
Iraq’s electricity ministry said on Sunday that Iranian gas supplies had been completely halted for 15 days due to maintenance, impacting Baghdad, the central provinces, and the Middle Euphrates, resulting in the loss of 5.5 gigawatts from its national grid. It was no immediately clear when the 15 – day …
Read More »Kazakhstan Discloses Oil Transportation Volume for 10M2024
The volume of oil transportation through the system of main oil pipelines amounted to 57.8 million tons of oil from January through October 2024. Data obtained by Trend from the Ministry of Energy of the Republic of Kazakhstan reveals that, as of the end of October, more than 26 percent …
Read More »Iran-Russia Partnership Agreement to Cover Defense Sphere
The agreement on all-encompassing partnership between Russia and Iran will cover the defense and security sphere, Russian Deputy Foreign Minister Andrey Rudenko said. “Concerning the contents of the mentioned founding document, I would elect not to disclose details earlier. I would only note it will meet challenges and requirements of …
Read More »