Day: February 12, 2025

Trump orders federal agencies to comply with Musk’s DOGE cuts

Energy News Beat The billionaire has blasted bureaucracy as an “unelected, unconstitutional fourth branch of government” President Donald Trump has signed an executive order mandating US federal agencies to implement workforce reductions and efficiency measures outlined by the Department of Government Efficiency (DOGE), led by Elon Musk. Signed on February 11, 2025, the order directs […]

IEA: India’s LNG imports set to more than double by 2030

Energy News Beat India’s natural gas demand is forecast to increase by nearly 60 percent by 2030, doubling the country’s need for liquefied natural gas (LNG) imports, according to a new report by the International Energy Agency. The report shows the country’s gas consumption is set to reach 103 billion cubic meters (bcm) annually by […]

Novatek’s 2024 profit climbs to $5.19 billion

Energy News Beat Novatek reported a profit attributable to shareholders of 493.5 billion roubles in 2024, a rise of 6.6 percent compared to 463 billion rubles in 2023. The company logged a net profit of about 463 billion roubles in 2023, while it did not publish its financial results in 2022. Novatek reported a profit attributable to shareholders […]

Energy Transfer eyes Lake Charles LNG FID in Q4 2025

Energy News Beat Energy Transfer’s Lake Charles LNG project seeks to convert its existing regasification terminal to an LNG export facility. It has a proposed liquefaction capacity of 16.45 mtpa and includes three trains and also modifications to the Trunkline Gas pipeline. In December 2024, Energy Transfer’s unit entered into a 20-year LNG sale and […]

Construction advances on Golden Pass LNG terminal

Energy News Beat State-owned QatarEnergy owns a 70 percent stake in the Golden Pass project with a capacity of more than 18 mtpa and will offtake 70 percent of the capacity, while US energy firm ExxonMobil has a 30 percent share. In November 2024, Japan’s Chiyoda and US-based CB&I reached a deal with Golden Pass LNG […]

TotalEnergies seals LNG supply deal with India’s GSPC

Energy News Beat Under the sales and purchase agreement (SPA), TotalEnergies will supply GSPC with 400,000 tons of LNG, amounting to six cargoes per year. The deal is for 10 years, according to a statement by TotalEnergies. TotalEnergies said the LNG supplies, sourced from its global portfolio and delivered to terminals on India’s west coast, […]

Zelensky offering Russian minerals to Trump – governor

Energy News Beat The resources of the Donetsk People’s Republic will benefit its people and the rest of the country, Denis Pushilin has said A large portion of the mineral wealth that Ukrainian leader Vladimir Zelensky is touting to the US in exchange for military assistance is Russian, Denis Pushilin, the head of the Donetsk […]

UK and US fail to sign Paris AI declaration

Energy News Beat At the recent Paris AI Action Summit, both the United States and the United Kingdom declined to sign a joint declaration aimed at promoting ethical, transparent, and sustainable artificial intelligence. The declaration, endorsed by 61 nations including France, China, India, Japan, Australia, and Canada, emphasizes the importance of ensuring AI is “open, […]