President Xi Jinping has promised a slow and steady end to the growth of planet-warming emissions in China, with energy security taking top priority as the country contends with a flagging economy and tumult on global fuel markets. In a two-hour speech to kick off the weeklong Communist Party Congress, …
Read More »India will Produce 25pc of Its Oil Demand by 2030
Union Petroleum and Urban Affairs Minister Hardeep S Puri on Friday assured that the Indian petroleum industry was at the cusp of opportunity and will be able to produce 25 per cent of its crude oil demand by 2030. Interacting with the media at the inaugural event of the South …
Read More »EU Gas Price Measures must Avoid Demand Boost
The European Union’s planned package to curb surging natural-gas prices must avert an increase in the use of the fuel amid an unprecedented supply crunch, EU energy chief Kadri Simson said. The European Commission is due to propose a set of measures Tuesday to alleviate the impact of Russia’s cuts …
Read More »Macron Vows to Follow up French Energy Giant Total’s Oil Exploration in Lebanon
French President Emmanuel Macron on Saturday promised to follow up French energy giant Total’s oil and gas exploration in Lebanon to ensure its continuous work, a statement by Lebanon’s Presidency reported. “You can count on Total’s commitments; I will follow up on the matter,” Macron said in a phone call …
Read More »Europe’s Energy Security this Winter Depends on the Weather
European countries are buying gas at sky-high prices and scrambling to curb energy use to avoid fuel shortages this winter, but early weather forecasts point to the risk of a cold snap that could temporarily hike demand. Surging European gas and power prices as the result of reduced Russian supplies …
Read More »Clarifying the Position of the Ministry of Oil for Cooperation with Russian Companies
At the Energy Week conference in Russia, Ahmad Asadzadeh emphasized the need to upgrade infrastructure for the development of interactions in the energy sector in the Eurasian region, and by mentioning some examples in the railway and port infrastructure sector, he pointed out the necessity of developing these sectors. He …
Read More »NATO to Launch Nuclear Drills on Monday
NATO said on Friday it would launch its annual nuclear exercise “Steadfast Noon” on Monday. NATO said on Friday it would kick off its annual nuclear exercise “Steadfast Noon” on Monday, with up to 60 aircraft taking part in training flights over Belgium, the North Sea and Britain to practice …
Read More »China Launches New Remote Sensing Satellite into Orbit
China sent a new remote-sensing satellite into space from the Xichang Satellite Launch Center in the southwestern province of Sichuan. China has deployed a Yaogan-36 Earth sensing satellite into orbit, the China Aerospace Science and Technology Corporation (CASC) said on Saturday, Sputnik reported. A Long March 2D launch vehicle carrying …
Read More »Attack on TurkStream Gas Pipeline will be Terrorism
Any attack on the TurkStream gas pipeline will be an act of terrorism, Hungary’s Prime Minister Viktor Orban said on Friday. Speaking to state media, Orban said Budapest will “respond accordingly” if there is any attack on the pipeline, which carries gas from Russia to Türkiye and further to European …
Read More »Japan to Revise Laws to Ensure Stable LNG Supply, Demand in Emergency
Japan’s cabinet approved Friday bills to revise laws to ensure stable supply and demand of liquefied natural gas in the event of an energy contingency, amid procurement concerns driven by the Russian offensive in Ukraine. Partial revisions to the gas business law and the law for Japan Oil, Gas and …
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