A year ago, European politicians declared the gas crisis from the near-complete halt of Russian supplies was over. The EU had turned to alternative natural gas suppliers, assuring there would be enough to prevent shortages and steep prices. These assurances now appear premature. Last week, European benchmark gas prices hit …
Read More »Iceland could become First Nation to Get Solar Power from Space in 2030
One of the complaints when it comes to solar power is that you usually have to link it to batteries. Even in areas with plenty of sun, you cannot have sunlight 24/7 all year round. At least, not on Earth. In space, however, you can. For decades, people have been …
Read More »China Launches Largest Floating Wind Turbine in the World
China recently unveiled what it says is the largest and most powerful floating offshore wind turbine in the world. The reason this is being viewed as a substantial claim is that the country is now announcing record breaking floating wind turbine technology in the one major area of renewable energy …
Read More »Japan Makes Progress in Melted Fuel Extraction from Fukushima Nuclear Reactor
The operator of Japan’s Fukushima nuclear complex has said that it moved a “pebble-like” piece of melted fuel just outside a reactor container as part of its attempt to retrieve the radioactive debris for the first time since the plant was damaged by a massive earthquake and tsunami in 2011. …
Read More »Turkey Intends to Discuss Special Price for Russia Natural Gas
Turkey wants to discuss with Russia the special price of natural gas being imported from Russia, announced the Minister of Energy and Natural Resources of Turkey, Alparslan Bayraktar. “In 2023, we signed a [natural] gas contract with Russia at very special prices. We have such a program for 2024 and …
Read More »Natural Gas Transmission Exceeds 130 bcm in H1
Gas transmission through Iran’s natural gas network reached 133 billion cubic meters (bcm) in the first six months of the current Iranian calendar year (March 20-September 21), Iranian Gas Transmission Company (IGTC)’s Managing Director Peyman Khazraei announced. Khazraei said 74 percent of the overhaul plans and development goals of the …
Read More »China Rolls out Plan to Promote Nuclear Technology Application Industry
China aims to see the annual direct economic output value of its nuclear technology application industry hit 400 billion yuan (about 56 billion U.S. dollars) by 2026. The target was set in an action plan, recently jointly released by China Atomic Energy Authority, the National Development and Reform Commission and …
Read More »Saudi Arabia may Cut December Oil Prices for Asia
Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in December, tracking weakness in Middle East benchmark Dubai, trade sources said. Price cuts for Saudi oil would signal weak demand and provide more evidence for the Organization of the Petroleum Exporting …
Read More »EU Reports Record Drop in Emissions as RE Surges
Earth-warming emissions by European Union economies fell by an aggregate 8.3 percent in 2023 compared to 2022, helped by growth in renewable power production, the European Commission reported Thursday. Last year marks the second-biggest annual drop in EU greenhouse gas emissions in decades, after 2020, when the coronavirus pandemic drove …
Read More »Oil Traders Uncertain as OPEC+ Weighs December Surprise
Oil traders can’t seem to agree on where OPEC+ will steer production next, and it’s anyone’s guess if the cartel’s December hike is still on the table. OPEC+ has touted plans for a boost, but the group’s go-to mantra—adjusting output based on market ‘realities’—is giving traders pause. According to a …
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