Energy News Beat OPEC’s top official said forecasts that oil demand is heading toward a peak will prove just as misguided as earlier predictions that supply was reaching its zenith. “Ultimately, peak oil supply has never come to pass, and predictions of peak oil demand are following a similar trend,” Secretary-General Haitham Al Ghais said […]
Energy News Beat Norwegian state-owned energy giant Equinor has hand-picked Leonhard Nilsen & Sønner (LNS), headquartered in Andøy in Nordland county, for work at its Snøhvit Future project, which is expected to fortify Norway’s position as a reliable long-term supplier of gas produced with very low greenhouse gas (GHG) emissions while securing jobs in the […]
Energy News Beat Higher power demand and efforts to boost energy security pushed China’s coal production to a record-high level in 2023, according to official statistics data published on Wednesday. Chinese coal output rose by 2.9% year-over-year to 4.66 billion metric tons in 2023, per data from China’s National Bureau of Statistics reported by Reuters. Coal imports […]
Energy News Beat French energy giant TotalEnergies has initiated a force majeure process on the Novatek-operated Arctic LNG 2 project in Russia due to sanctions. In November 2023, the US government issued new Russia-related sanctions due to the war in Ukraine, including for the Arctic 2 LNG project. “We have initiated the force majeure process […]
Energy News Beat China’s Jiangnan Shipyard has delivered the first LNG-powered pure car and truck carrier to compatriot SAIC Anji Logistics. According to a statement by CSSC’s Jiangnan, the LNG dual-fuel PCTC with a capacity of 7,600 units, SAIC Anji Sincerity, has started its maiden voyage on Wednesday. Jiangnan claims this is currently the world’s […]
Energy News Beat State-owned LNG terminal operator Deutsche Energy Terminal has awarded a contract to compatriot tugboat owner Fairplay Towage. Under the contract, Fairplay will be in charge to provide all assisting tugs for the DET-operated FSRU-based LNG import terminals located in Brunsbüttel, Stade, and Wilhelmshaven. Fairplay said the contract started effective January 1, 2024 […]
Energy News Beat India’s liquefied natural gas (LNG) imports rose in December compared to the same month in 2022, according to the preliminary data from the oil ministry’s Petroleum Planning and Analysis Cell. The country imported about 2.39 billion cubic meters, or about 1.8 million tonnes of LNG, in December, a rise of 12.1 percent […]
Energy News Beat China’s liquefied natural gas imports rose 12.6 percent in 2023, and the country overtook Japan as the world’s largest LNG importer. Data from the General Administration of Customs shows that China received about 71.32 million tonnes in the January-December period. This is a rise compared to about 63.44 million tonnes of LNG […]
Energy News Beat Daily Standup Top Stories Biden Weighs Banning Natural Gas Exports to Save the Climate January 17, 2024 Mariel Alumit Climate Test for Natural Gas Exports Politco notes Biden’s Aides Weigh Climate Test for Natural Gas Exports. The Biden administration is launching a review that could tap the brakes on the booming U.S. natural gas […]
Energy News Beat U.S. Representative Tom Emmer expects former U.S. President Donald Trump to become “a lot more” friendly toward cryptocurrency if he returns to the White House. Trump has launched three non-fungible token (NFT) collections since leaving office. Meanwhile, some analysts predict that bitcoin’s price could reach record highs if Trump wins the presidential […]
