U.S. LNG exports reached near record levels in December, rising to 8.5 million metric tonnes (MT) as two new plants started, and driving up full-year shipments 4.5% over 2023, according preliminary data from financial firm LSEG. December’s output was just short of the record monthly export of 8.6 MT recorded …
Read More »Work Continues on Iraq’s First Solar Energy Project
The first concrete step toward increasing Iraq’s dependence on renewable energy sources to generate power is the start of the country’s first solar energy plant. In light of the country’s growing need for power, the government is taking this move to diversify its energy sources and attain sustainability in the …
Read More »India Seeks Developers for Floating Solar Projects at 35 Dams and Reservoirs
UPNEDA is seeking EOI from developers to set up floating PV projects on a build-own-operate basis at 35 dams and reservoirs identified in the Indian state of Uttar Pradesh. UPNEDA, in collaboration with the Irrigation and Water Resources Department, will lease dams and reservoirs to the developers to support the …
Read More »Oil Prices Rise in Global Markets
Oil prices continued their upward trajectory on Friday, building on gains from the previous session when they closed at their highest levels in more than two months. This surge comes amid optimism that governments worldwide will intensify policy support to stimulate economic growth, thereby boosting fuel demand. Brent crude futures …
Read More »Significant Progress Made in Iraq’s Energy Sector
Iraq’s energy industry is undergoing significant developments reflecting government initiatives to increase the production of electricity and oil in order to fulfill the country’s increasing demands and boost economic growth. In order to enhance the energy infrastructure and achieve a sustainable vision for resource management, the Iraqi government is putting …
Read More »Qatar-Turkey Natural Gas Pipeline has Huge Importance for Regional Stability, Expert Says
Qatar-Turkey Natural Gas Pipeline has huge importance for regional stability and energy challenges, Anadolu Agency reports. Global energy expert Imraan Minty said the pipeline could theoretically align with Europe’s energy diversification goals. He however cautioned that it is crucial to avoid making the project overly reliant on European demand. Europe …
Read More »Ukraine Halts all Russian Gas Exports to Europe as Transit Deal Expires
Russian natural gas exports via Soviet-era pipelines running through Ukraine to Europe were halted in the early hours of New Year’s Day as a transit deal expired and warring Moscow and Kyiv have failed to reach an agreement to continue the flows. The shutdown of Russia’s oldest gas route to …
Read More »Slovak PM: Halting Russian Gas Transit to have Drastic Impact on EU
The halt of Russian gas transit to Europe via Ukraine will have a “drastic” effect on the European Union, Slovak Prime Minister Robert Fico warned on Wednesday, despite the European Commission saying that the bloc had prepared for the cut-off. “Halting gas transit via Ukraine will have a drastic impact …
Read More »Europe Faces Coldest Winter Spell as Gas Supply Concerns Mount
Northwest Europe is bracing itself for what is expected to be later this week the coldest snap so far this winter, hours ahead of the expiry of the deal for Russian gas transit via Ukraine to central Europe. Temperatures in the UK, France, and Germany are expected to plunge at …
Read More »Russia’s First Ice-Class LNG Carrier Begins Sea Trials
Russia’s first ice-class LNG carrier has begun sea trials, advancing its efforts to expand in the global LNG market despite US sanctions, reported Reuters. The Alexey Kosygin tanker, named after a Soviet statesman, was built at the Zvezda shipyard and will join Russia’s Arctic LNG 2 fleet, which has been …
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