Category: Energy News Beat

India to Become Single Most Important Driver of Oil Demand Growth

Energy News Beat High GDP growth, industrialization, urbanization, and a rising number of middle class in India are set to drive demand growth in the Asian country. Total Indian refining capacity is expected to increase by 22% in five years from the current 254 million metric tons per year. All major forecasters expect India to […]

Red Sea naval forces struggle to contain Houthi attacks

Energy News Beat The futility of 22 naval ships trying to patrol 2,200 km of Yemeni coastline were once again exposed yesterday with two US-flagged Maersk boxships fired upon by the Houthis as shipping comes to terms with the fact that the Red Sea exodus is here to stay for a considerable time. Reacting to […]

Electric Cars Cost Twice as Much to Insure as Petrol Vehicles

Energy News Beat Drivers of electric cars are being asked to pay more than twice as much for insurance as those who own petrol-fuelled models as EV premiums surge 50% in a year, data have revealed. The Telegraph has more. The typical insurance premium for electric vehicles (EVs) has increased to £1,344, a rise of 50% compared […]

Warning over failures to address Uyghur forced labour risks in renewable sector

Energy News Beat Investors and governments are not adequately addressing Uyghur forced labour risks in the renewable energy sector, research has found. Anti-Slavery International, the Helena Kennedy Centre for International Justice and the Investor Alliance for Human Rights published an investor guidance and policy briefing on green technology supply chains on Monday. The co-authors said business leaders and […]

Maine environmental groups urge support for proposed offshore wind port ahead of siting decision

Energy News Beat ​Some environmental advocates are striking a new tone as they urge skeptical neighbors to see the larger climate benefits of a proposed port that would help build future offshore wind farms in the Gulf of Maine. The fast-warming area of the North Atlantic is thought to have one of the world’s best […]

Ukraine ‘open’ to Russian gas transit – Slovakia

Energy News Beat The current transit deal is due to expire at the end of this year but Bratislava is negotiating to extend it, Prime Minister Robert Fico says Ukraine may allow Russian natural gas to be piped through its territory beyond 2024 when the current transit deal is due to expire, Slovak Prime Minister […]

Adnoc eyes LNG carrier orders

Energy News Beat UAE’s energy giant Adnoc is looking to order liquefied natural gas carriers for its planned LNG terminal in Al Ruwais, according to shipbuilding sources. Sources told LNG Prime that Adnoc recently issued a tender inviting offers from yards in China and South Korea for six firm plus four optional standard-size LNG carrier […]

Grants would help less affluent New Hampshire towns invest in public solar projects

Energy News Beat ​New Hampshire’s energy department is preparing to road-test a grant program meant to help disadvantaged cities and towns access the environmental and financial benefits of solar power. The state plans to use $1.4 million from the 2021 federal Bipartisan Infrastructure Act to help fund the installation of solar projects up to 60 […]

Rotterdam LNG bunkering volumes hit record high in 2023

Energy News Beat The Dutch port of Rotterdam said its LNG bunkering volumes reached a record level in 2023 as prices dropped from 2022 and demand continues to increase. Europe’s largest bunkering port reported LNG volumes of 619,243 cubic meters in 2023, a rise of 53 percent compared to 406,599 cbm in 2022 when volumes […]

Türkiye unlikely to let US warships enter Black Sea – Lavrov

Energy News Beat Ankara has assured Russia it will continue to abide by the Montreux Convention, the foreign minister says The US will not be able to persuade Türkiye to allow access for its warships to the Black Sea amid the Ukraine conflict, Russian Foreign Minister Sergey Lavrov has said. Speaking at a press conference […]