The energy squeeze in Europe has nothing to do with the continent’s energy transition plans, the head of the International Energy Agency Fatih Birol told the European Parliament’s energy and environment committees. “It is inaccurate and unfair to explain these high energy prices as a result of clean energy transition …
Read More »Kazakhstan Plans to Lure Azerbaijani Investors to Finance Renewable Energy Projects
Kazakhstan plans to attract investments from Azerbaijan to fund renewable energy projects, the country’s trade and integration ministry said. “Our countries have launched various projects in the field of oil and gas, subsoil use, and several other sectors,” Trend quoted the ministry as saying on Saturday. “However, there is no …
Read More »Turkish Gas Find to Help Raise Output to 25 Percent of EU Capacity
A recently discovered natural gas field in the Black Sea is set to provide nearly a third of Turkey’s domestic needs when it reaches peak production capacity by 2027, Energy Minister Fatih Dönmez has told Bloomberg. Turkey may be able to start with an initial annual production capacity of 3.5 …
Read More »China Energy Crunch Hurts Industries, Authorities Seek Urgent Coal Imports
As a severe power crunch roils China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep lights on, factories open and even water supplies flowing. With electricity shortages sparked by scant coal supply crippling large sections …
Read More »Russia’s Gazprom Set to Increase Natural Gas Sales to Europe
Energy giant Gazprom is reportedly ready to boost supplies of natural gas to Europe in a bid to help ease rising gas prices in the continent. Kremlin Press Secretary Dmitry Sergeyevich Peskov was cited by Interfax news agency as saying that state-owned energy firm Gazprom is interested in more European …
Read More »NATO Wants China to have more Transparency on Nuclear Program
NATO Secretary-General Jens Stoltenberg on Monday asked China to show more transparency on its nuclear arms program. Stoltenberg held a talk with Chinese Foreign Affairs Minister Wang Yi by a video link to discuss NATO-China relations and international security challenges, Stoltenberg’s office announced in a press statement. Stoltenberg reaffirmed that …
Read More »World’s Top Shale Oil Field is still Spewing Methane by the Ton
When researchers flew over an Energy Transfer LP facility in the Permian Basin of West Texas two months ago, a NASA-designed sensor on their airplane detected a colossal plume of methane pouring into the air. Over the next two weeks, they returned twice and found large amounts of the powerful …
Read More »The Harsh Truth behind Europe’s Energy Crisis
Europe’s energy crunch is continuing, as gas storage volumes have shrunk to 10-year lows. A possible harsh winter could lead to severe energy shortages and possible shutdowns of large parts of the economy. While the main discussion is currently focused on the potential role of Russia in the energy crisis, …
Read More »Goldman Sachs, Bank of America Project Oil Price Near $100 on Winter Demand
Two investments banks, Goldman Sachs and Bank of America, have projected the crude oil price to hit between $85 and $100 in the coming months. The banks’ projection would come as good news for Nigeria despite production output struggles. In a note published on Friday, Goldman Sachs predicted an $80 …
Read More »World Is Unacceptably Close to Nuclear Annihilation
The mankind is too close to nuclear annihilation, UN Secretary-General Antonio Guterres tweeted on Sunday. “Nearly 14,000 nuclear weapons are stockpiled around the world. Humanity remains unacceptably close to nuclear annihilation,” Guterres said. “Now is the time to lift the cloud of nuclear conflict for good, eliminate nuclear weapons from …
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