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China’s LNG Imports Slump to 5-Year Low

Liquefied natural gas imports to China slumped to the lowest since 2020 in February, at 4.5 million tons, Kpler data showed, as reported by Bloomberg. A relatively warm February contributed to the weaker demand, which led to China slipping to the global number-two spot in LNG imports, overtaken by energy-hungry …

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Turkey Aims for Iraq-Turkey Oil Pipeline to Run at Full Capacity

Turkey is seeking to maximise the Iraq-Turkey oil pipeline’s capacity as operations resume through Ceyhan, according to Turkish Energy Minister Alparslan Bayraktar. Bayraktar emphasised Turkey’s readiness to resume operations, despite a lack of confirmation on flow resumption, according to a report by Reporter. Turkey halted the operation of the pipeline …

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Can Germany Revive Its Industry without Cheap Energy?

The new German government that will be formed following this weekend’s elections will face an uphill battle to lift Europe’s largest economy out of two consecutive years of recession. Bringing energy costs down will be key to Germany’s economic recovery after three years of spiking and highly volatile power and …

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Japan Aims for 20 Percent Nuclear Power by 2040

Around 14 years after the Fukushima disaster, Japan is preparing to increase its nuclear power capacity once again, to a mainly negative public reaction. Japan’s government has developed a revision of the country’s basic energy plan, removing the statement that said it planned to decrease its dependence on nuclear power. …

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Restart of Kurdistan Oil Exports still in Limbo

Despite assurances from the federal Iraqi government that the resumption of oil exports from Kurdistan is imminent, the foreign oil firms operating in the semi-autonomous Iraqi region said on Friday they would not be resuming oil exports today. Last week, Iraq’s Oil Minister Hayyan Abdul Ghani said that Iraq and …

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Petrobras Gears up for Offshore Boom

Petrobras is beefing up its offshore game, throwing four more support vessels into the mix by 2026—bringing the grand total to 48. Brazil’s state-run oil company is gearing up to boost production to 2 million barrels per day (bpd) at the Buzios field by 2030, cementing Brazil’s status as an …

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Iranian Oil Supply to China in Set to Rebound in March 2025

China’s imports of Iranian oil is set to rebound in March as non-sanctioned tankers, drawn by lucrative payoffs, joined the trade replacing vessels under US embargo, trade sources and analysts said. The rebound of sanctioned oil shipments to China, the world’s top importer, is easing supply worries that had boosted …

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