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China, the world’s biggest buyer of liquefied natural gas, kicked off an unprecedented effort to resell its supply, alleviating global fuel shortage fears that have sparked record prices this winter. Two of China’s biggest state-owned LNG importers released tenders this week offering to sell dozens of cargoes for delivery through …

A team of scientists in China and Britain have made what they say is a breakthrough in the quest to use sunlight to produce hydrogen, which can be used as a power source or in industry. In a paper published in the peer-reviewed journal Nature Communications last week, the scientists …

The Kurdistan Region sits upon the world’s seventh-largest gas reserves-one rank behind Saudi Arabia, member of Kurdistan’s Parliament Ali Hama Saleh said on Saturday, citing the benefits of the Region’s future replacement of oil if exploited properly. “The Kurdistan Region, in comparison to the world’s countries, enlists as the seventh-largest …

European Union climate chief Frans Timmermans called on member states to increase investment in renewable energy and eventually wean the continent off Russian gas. Tensions between the bloc and Russian President Vladimir Putin have been escalating amid accusations that Gazprom PJSC, Russia’s state-owned energy company, isn’t doing more to fill …

Expansion of energy exchanges between Russia and Iran as two countries possessing respectively 37 percent and 15 percent of gas and oil reservoirs in the world can pave the way for diminishing petrodollar dominance if Moscow and Tehran omit dollar in economic interactions. The increase of bilateral cooperation between Iran …

Having banned oil exploration in its territorial waters, Denmark is investing $2.4 billion into a plan to capture CO2 from the energy and industrial sectors and inject it into the seabed in geological formations that previously held oil and gas deposits. Reuters reported that the subsidies for carbon capture and …

Turkey’s state oil operator said on Wednesday it had resumed crude flows through a ruptured pipeline linking Iraqi energy fields with international markets. Tuesday’s blast along the Kirkuk-Ceyhan link in southern Turkey contributed to a rise in international crude oil prices to a seven-year high. The pipeline normally carries more …

Japan’s exports and imports both reached record highs in December, largely because of surging oil prices and a weaker yen, the government said Thursday. Japan’s imports last month surged 41% from the same month a year earlier. Exports rose 17.5% from the previous year, on stronger shipments of autos and …

Goldman Sachs has raised its oil price forecasts “significantly” through 2023, its latest commodities research note has revealed. The company now sees Brent spot prices at $96 per barrel in 2022 and at $105 per barrel in 2023, according to the research note, which was sent to Rigzone. Goldman Sachs’ …

The European Union will need to invest 500 billion euros ($568 billion) in new generation nuclear power stations from now until 2050, the bloc’s internal market commissioner said in an interview published over the weekend. “Existing nuclear plants alone will need 50 billion euros of investment from now until 2030. …