The US is holding discussions with Qatar and other gas exporters amid fears that a Russian invasion of Ukraine could spark a decline in supply. The talks with the Gulf state and some EU nations have focused on new ways to secure alternative seaborne liquefied natural gas cargoes. The discussions have become more intense in the last week as security…
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Russia, the world’s third-largest oil producer, has long been an unknown when it comes to the OPEC+ production agreement which caps the petroleum output of participants to support higher prices. It was Moscow’s spat with Saudi Arabia over production quotas in early 2020 which, combined with the emergence of the COVID-19 pandemic, caused crude oil prices to plunge into negative territory for the first…
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Thanks to the United States shale revolution of the last decade or so, natural gas has become an increasingly cheap and abundant source of power in global energy markets. Many world leaders and industry heads have also touted the plentiful fuel source as a cost-effective stepping stone away from more emissions-intensive fossil fuels such as coal and gas along the…
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About two years ago, OPEC+ made a high-stakes wager that it could curb oil production and drive crude prices higher without unleashing an onslaught of supply from U.S. shale producers. Indeed, Saudi Arabia was adamant that the golden age of U.S. shale was over as plunging oil prices put hundreds of companies out of business. Well, the alliance’s gambit has definitely paid…
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Germany has objected to draft EU plans to label nuclear power plants as an environmentally friendly energy source that can help countries reach their climate change goals. Chancellor Olaf Scholz’s new three-party coalition government voiced its objections in a formal letter to Brussels, ministers said on Saturday. The EU aims to set standards for green investments, helping climate-friendly projects attract…
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Qatar’s LNG exports competed with Australia’s for the first place in 2020, although it ranked second, QEO said. According to the annual World LNG Report 2021 issued by the International Gas Union (IGU), Qatar ranked second in LNG exports in 2020, with 105bn cubic metres LNG or 77.1mn metric tonnes LNG equivalent, or 21.65% of the total global exports of…
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On 20 January 2021, Joe Biden took to a stage that had only recently been vacated by rioters, declared that the world faces “a climate in crisis” and asked: “Are we going to step up?” So has he? We asked Climate Home News readers and politicians from around the world how they rated the US president’s performance. The reviews were…
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Prime Minister Imran Khan should be careful, as he cozies up to Russian President Vladimir Putin, that he doesn’t walk into a minefield that’s easy to get into but near about impossible to come out of without losing a pound of flesh; at the very least. The two sides have been moving slowly closer for six or seven years now,…
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China is expected to lead the trunk/transmission oil and gas pipelines network in Asia, accounting for 39% of the region’s total pipeline length by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Oil and Gas Pipelines Industry Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Pipelines’, reveals that…
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A recent study conducted by researchers from Korea Maritime and Ocean University shows that using liquefied petroleum gas (LPG) could reduce air pollution, is low-cost, and is applicable regardless of ship size. “Although LPG is a potential eco-friendly alternative, its viability as a maritime fuel has not been assessed so far,” noted Korea Maritime and Ocean University in a joint…
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