Day: June 11, 2024

Norway discovers Europe’s largest deposit of rare earth metals

Energy News Beat Mining firm Rare Earths Norway says it has discovered Europe’s largest proven deposit of highly prized rare earth elements, potentially reflecting a watershed moment for both the Nordic country and the broader region. One of the few deposits not owned or controlled by China, the discovery of continental Europe’s largest rare earths deposit is […]

Russian Oil Tanker Does Secret Cargo Switch Near Singapore to Dodge US Sanctions

Energy News Beat ENB Pub Note: An excellent article from Bloomberg. Although the first line says “The first Russian oil tanker attempting to deliver crude while under US sanctions”… this is not factual, as Russia has been increasing production and exports for the last two years and is up 73% over the last 3 months.  […]

Germany’s DET says Stade FSRU to receive first LNG cargo in H2 2024

Energy News Beat State-owned German LNG terminal operator DET expects to receive the first cargo at its FSRU-based LNG import terminal in Stade in the second half of this year. In March, the 2021-built 174,000-cbm FSRU, Energos Force, owned by Apollo’s Energos Infrastructure, arrived at the AVG jetty in Germany’s Stade. DET says the FSRU […]

The Myth of the Inevitable Rise of a Petroyuan

Energy News Beat In diplomacy, what’s left unsaid often matters more than what’s said. After Chinese President Xi Jinping met the king of Saudi Arabia in December, both nations issued lengthy readouts extolling the burgeoning Saudi-Sino relationship in “all fields.” But in more than 5,000 words, the statements were silent on the much-hyped idea of using the […]

COP29 host Azerbaijan sees natural gas demand rising despite “phase-out” plans

Energy News Beat (Bloomberg) – Months after UN-led climate talks, the demand for natural gas from the host of this year’s COP29 is growing in Europe and elsewhere. Azerbaijan, which has the presidency of the 29th United Nations’ Conference of the Parties, exported almost 24 Bcm of natural gas in 2023 with half of the […]

Europe’s climate ambitions thrown into doubt as Green vote collapses

Energy News Beat Green parties were on track to lose seats in the European Parliament elections, provisional results showed Monday, sparking concerns that the bloc may be on the brink of scaling back its climate policies. The left-leaning Greens/European Free Alliance were set to win 52 seats in the legislative branch of the 27-member trade bloc, according […]

Houston energy company to build largest new refinery in half a century

Energy News Beat A Houston company will construct the largest new refinery in the last 50 years in Brownsville, Texas. Element Fuel Holdings LLC is spending between $3 and $4 billion on the project, which will produce more than 160,000 barrels per day of gasoline, diesel, and jet fuel from shale oil production, according to a report by […]

Belgium’s Fluxys offers long-term capacity at Zeebrugge LNG terminal

Energy News Beat Belgium’s Fluxys is offering long-term capacity for 2027-2044 at its LNG import facility in the port of Zeebrugge. In operation since 1987, the LNG terminal is located in the outer port of Zeebrugge and currently has five tanks with a capacity of 566,000 cbm. Fluxys is expanding the facility and it already increased the […]

Spanish LNG imports, reloads drop in May

Energy News Beat Spanish liquefied natural gas (LNG) imports and reloads decreased in May compared to the same month last year. Russia and the US were the biggest LNG suppliers to Spain in May, according to Enagas. LNG imports decreased by 30.6 percent year-on-year to about 17.1 TWh in May and accounted for 61.1 percent […]

Lib Dems unveil plan to cut energy bills

Energy News Beat The Liberal Democrats have launched their manifesto, emphasising the urgency of addressing climate change and reducing energy bills. The party describes climate change as an existential threat, citing rising temperatures, wildfires, floods, droughts and sea levels affecting millions globally. They argue that immediate action is essential both in the UK and worldwide […]