Germany looks to install one or two floating LNG import terminals at its largest island, Rügen in the Baltic Sea, as officials do not rule out further attacks on energy and gas pipeline infrastructure, sources with knowledge of the plans told Bloomberg on Thursday. Germany cannot rule out another attack …
Read More »
The Organisation of the Petroleum Exporting Countries (OPEC) has called on the International Energy Agency (IEA) not to further undermine the oil industry investments. OPEC Secretary-General, Haitham Al Ghais said this in a statement obtained while responding to the latest comments by the IEA again criticising OPEC and OPEC+. Al …
Read More »
China increasingly turned to coal imports during the first quarter to help power its economic recovery from the COVID-19 lockdowns, while its appetite for costly LNG sourced from the global market declined. Following a number of measures to bolster domestic coal production, global receipts and coal-fired power generation going forward, …
Read More »
For the 1st quarter of this year, China’s iron ore imports hit a Q1 record. Altogether, prices climbed nearly 10% from January to March, reaching 29.3 million tons (MT). Indeed, March alone saw imports grow 1.8% to 100.23 MT. Helping these numbers were expectations of stronger steel demand as the …
Read More »
A court in the Netherlands has suspended a project for natural gas drilling and extraction in the North Sea due to potential environmental damage. The offshore gas project, proposed by Netherlands-based company ONE-Dyas, was approved by the Dutch Ministry of Economic Affairs and Climate in June last year. The Dutch …
Read More »
Global electric car sales are set to surge by 35 per cent this year, helped by government subsidies and the tightening of carbon dioxide emissions standards, the International Energy Agency has said. Electric car sales are projected to reach 14 million in 2023 from 10 million last year, the Paris-based …
Read More »
Russian Deputy Prime Minister Alexander Novak said on Wednesday that OPEC+, the group of leading oil producers, remains an efficient tool for coordination on global oil markets. The Organization of the Petroleum Exporting Countries and other large oil producers led by Russia have been seeking to cordinate their actions on …
Read More »
Germany’s fund for climate action and energy security is some $13.2 billion (12 billion euros) short on resources from funds to be allocated by 2026, sources with knowledge of the matter told Bloomberg on Tuesday. Last year, the federal government of Germany moved to create a $195.5 billion (177.5 billion …
Read More »
The European Union has stepped up security measures and protection of its critical energy infrastructure following the sabotage on the Nord Stream natural gas pipelines last autumn, European Commission President Ursula von der Leyen said at the North Sea Summit late on Monday. “We know that our critical infrastructures are …
Read More »
Italian energy major Eni on Tuesday launched the construction works for the first natural gas liquefaction project in the Republic of the Congo, which is expected to supply LNG to Europe. The President of the Republic of the Congo, Denis Sassou Nguesso, and Eni’s CEO Claudio Descalzi today laid the …
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel