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Since Russia’s invasion of Ukraine on 24 February 2022, the race has been on to secure as much of the world’s regular liquefied natural gas (LNG) supplies as possible to compensate for lost energy supplies from the global gas and oil powerhouse. LNG requires much less infrastructure for delivery than …

The EU is pushing forward to protect its clean energy manufacturing from Chinese competition by adopting measures to help its EV, solar, and wind industries. The bloc has been looking for months to address its dependence on imported technologies, especially cheaper products from China, which undermine the market shares of …

Vietnam finds itself wooed by two large world powers. However, this time, it is not over any geopolitical consideration, but for a resource that the modern world covets: rare earths. China and the U.S. are locked in a race to court a country that boasts the world’s second-largest rare earth …

The Brent crude oil spot price will average $83 per barrel next year, the Energy Information Administration (EIA) said in its monthly Short Term Energy Outlook (STEO) published on Tuesday. In last month’s STEO, the EIA had forecast 2024 forecast for the Brent crude oil benchmark at $93 per barrel. …

Energa has completed tests of the gas pipeline in Ostrołęka. Eventually, it will be connected to the international GIPL gas pipeline. The investment is expected to be ready for use in 2024. Tests of the gas pipeline supplying the power plant in Ostrołęka have been successful. They were carried out …

India’s purchases of Russian crude oil averaged $84.20 per barrel in October—the highest price the world’s third-largest crude importer has paid since the $60 price cap came into force at the end of last year, according to preliminary data from the Indian government cited by Reuters. The price India paid …

This month, Bill Gates also wrote an article for the New York Times entitled ‘How I Invest My Money in a Warming World’. In the publication, Gates suggests that we may not be doomed due to failing to achieve optimal climate aims, but we must act wisely in response to …

Oil steadied after a steep drop as rising Russian flows and higher US output added to concerns that supply is running ahead of demand. Global benchmark Brent traded near $73 a barrel after shedding almost 4% on Tuesday, while West Texas Intermediate was above $68. The weekly average of Russia’s …

A plant worker at the crippled Fukushima Daiichi nuclear complex may have ingested radioactive materials after his face was exposed to the substances, the plant operator said Monday. The operator Tokyo Electric Power Company Holdings Inc. said the man in his 20s was wearing a protective full-face mask and suit …

OPEC+ will need to maintain its latest oil supply cuts throughout next year in order to keep the global market in balance, according to Citigroup Inc. The Organization of Petroleum Exporting Countries and its allies have announced that it will cut supplies by a further 900,000 barrels a day during …