Two U.S. natural gas exporters said they’re moving closer to expanding supplies of the power-plant and heating fuel as a global shortage roils economies from the U.K. to China. Venture Global LNG is “very close” to […]
U.S.-based Venture Global LNG on Thursday announced a 20-year supply deal with China’s Sinopec. Venture Global CEO Mike Sabel told CNBC the deal is worth $30 billion. The deal also makes Venture Global the top […]
Russia kept Europe’s energy markets on edge after Gazprom PJSC declined to book more pipeline capacity later this winter when freezing temperatures will buffer the region. While President Vladimir Putin has said his country is […]
Asian liquefied natural gas traders are rushing to secure shipments from the U.S., where prices are among the cheapest in the world, amid a dash to replenish supply before the winter. Firms in China and […]
Europe’s magnesium shortage could shutter industrial operations within weeks, threatening thousands of businesses and millions of jobs in sectors from cars to packaging, associations warned. Chinese exports of magnesium — a critical material for hardening […]
Source: U.S. Energy Information Administration, International Energy Outlook 2021 In our International Energy Outlook 2021 (IEO2021), we project that non-OECD countries in Asia will collectively become the largest importers of natural gas by 2050. In 2020, the countries of […]
With its chimneys towering 200 meters above the industrial heartland of England, West Burton A power station is a relic of the fossil fuel age. When fired up, its boilers burn thousands of tonnes of […]
Global energy demand and energy-related carbon emissions will continue to rise through 2050, with oil remaining the largest energy source just ahead of surging renewables, the US Energy Information Administration said Oct. 6 in its […]
Qatar ordered four new liquefied natural gas tankers worth more than 2.8 billion rials ($762 million) from a Chinese shipbuilder, as demand for the fuel booms. State energy firm Qatar Petroleum said Sunday the vessels will be […]
The OPEC+ cartel’s production policy will be the main factor influencing oil prices over the coming months, according to Vitol Group. There’s little chance of Iranian barrels returning to global markets this year and U.S. shale […]
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