Category: Energy News Beat

Deadly Christmas in Syria’s Idlib after Russian attack kills five in family

Energy News Beat Idlib, Syria ــ A couple and three of their children were killed in Russian air raids targeting a house in a farm near the town of Armenaz in western Idlib on Monday evening, according to the Syrian Civil Defence. Another child, the sole survivor, was injured. list of 4 items list 1 […]

US should withdraw new Arctic territory claims – zoologist – The real question is why is the Biden Adminstration claiming the land?

Energy News Beat Washington and other parties must refrain from competing over the area in order to protect the ocean, Rick Steiner has said The US should stop trying to unilaterally expand its continental shelf, particularly in the Arctic, and should instead work with other countries on protecting the environment in the area, University of […]

Shell’s Prelude FLNG to ship first cargo after maintenance

Energy News Beat Shell’s huge Prelude FLNG located offshore Western Australia has welcomed its first LNG tanker since August this year when it started scheduled maintenance, according to shipping data. The UK-based LNG giant shut down the FLNG in August for maintenance saying it will take “several months” to complete it. Shell said in November it extended […]

Western ‘mistakes’ are giving rise to trade alternatives – Lavrov

Energy News Beat There is significant enthusiasm for a new transport link between Russia and India, Moscow’s top diplomat has said A decline in Western economic clout means it is natural for emerging economic powers to develop new trade infrastructure to meet their growing needs, Russian Foreign Minister Sergey Lavrov has said. The diplomat was […]

Gazprom reveals huge increase in exports to China

Energy News Beat Russia is expected to exceed contracted amounts by delivering up to 23.2 billion cubic meters of gas Russia’s exports of natural gas to China are expected to see a year-on-year increase of as much as 50% in 2023, Gazprom CEO Aleksey Miller said during a meeting with President Vladimir Putin on Tuesday. […]

BRICS candidate becomes latest African defaulter

Energy News Beat Ethiopia had until December 25 to make a $33 million coupon payment to bondholders, but failed to do so Ethiopia has become the latest African nation to default in recent years, failing to make a $33 million interest payment on its only international government bond after a 14-day grace period expired earlier […]

Cheniere reduces Sabine Pass LNG expansion plans

Energy News Beat US LNG exporting giant Cheniere now plans to build two instead of three liquefaction trains as part of the Sabine Pass expansion project in Louisiana. Sabine Pass currently has a capacity of about 30 mtpa following the launch of the sixth train in February last year, while Cheniere’s three-train Corpus Christi plant in Texas […]

Russian energy revenues recover to pre-Ukraine conflict level – Deputy PM

Energy News Beat The sanctions-hit nation earned nearly $100 billion through sales of oil and gas, Alexander Novak says The proceeds from Russia’s export of oil and gas contributed about $100 billion (nine trillion rubles) to the budget this year, Deputy Prime Minister Alexander Novak has revealed, close to revenue levels recorded in 2021, before […]

The Most Splendid Housing Bubbles in America, December 2023 Update

Energy News Beat Down from 2022 highs: San Francisco -12%, Seattle -11%, Portland -6%; Denver, Phoenix, Las Vegas -5%; Dallas -4%, San Diego -2%, Los Angeles -1%. But new highs in 8 metros. By Wolf Richter for WOLF STREET. Today’s S&P CoreLogic Case-Shiller Home Price Index for “October” is a three-month moving average of home prices whose sales were […]

Will The War On Coal Leave America In The Dark?

Energy News Beat U.S. climate envoy John Kerry said on Dec. 2 at the U.N. COP 28 global warming summit that the Biden administration “will be working to accelerate unabated coal phase-out across the world, building stronger economies and more resilient communities.” President Joe Biden said recently of coal plants, “We’re going to be shutting these plants down all […]