Category: Energy News Beat

Colorado study recommends nuclear to replace coal plant

Energy News Beat A study of clean energy alternatives led by the Pueblo Innovative Energy Solutions Advisory Committee (PIESAC) found that only advanced nuclear could make the community “whole” from the losses it will suffer from the closure of the last unit at the Comanche coal-fired power plant in Pueblo, Colorado, while ensuring a just […]

China dominates renewable energy and coal power forecasts

Energy News Beat LAUNCESTON, Australia, Jan 11 (Reuters) – China’s status as the colossus of renewable energy is set to be cemented in the next five years, with the world’s second-biggest economy adding more capacity than the rest of globe combined. The International Energy Agency said in its Renewables 2023 report, released on Thursday, that […]

Demand for natural gas will increase significantly by 2025 – Williams Co.

Energy News Beat There is more demand of U.S. natural gas now and it is expected to growth more by 2025, said Williams Companies (WMB) CEO Alan Armstrong. The Henry Hub Natural Gas Spot Price reached $8.81 per million Btu in August 2022, but last year prices declined about 60% and moved down below the […]

The down side to wind power

Energy News Beat Wind farms will cause more environmental impact than previously thought When it comes to energy production, there’s no such thing as a free lunch, unfortunately. As the world begins its large-scale transition toward low-carbon energy sources, it is vital that the pros and cons of each type are well understood and the […]

Russia’s Oil Drilling Boom Proves Moscow’s Resilience to Western Sanctions

Energy News Beat Russia was on pace for a second year of record oil drilling in 2023, further evidence of the nation’s resilience to Western sanctions. The boom in activity came alongside a recovery in both the volume and value of Russia’s oil exports, a stark illustration of how the country’s fossil fuel industry has been a […]

BRICS: Russia & Iran End SWIFT, Start Bank Transfers in Local Currency

Energy News Beat BRICS members Russia and Iran have officially abandoned the SWIFT payment system for cross-border transactions. The two countries will initiate payments to settle international trade using direct bank transfers. SWIFT payment system is no longer needed for trade between Russia and Iran, as both countries have agreed to carry out transactions directly […]

Biden Administration Reviews Climate Criteria for LNG Projects

Energy News Beat The Biden administration is reevaluating the climate criteria it uses to approve new liquefied natural gas export facilities, threatening to stall pending projects as the 2024 election nears. A panel of government officials convened by White House climate adviser Ali Zaidi met to develop a policy recommendation on the issue for President […]

Will Direct Lithium Extraction Disrupt the $90B Lithium Market?

Energy News Beat The following content is sponsored by the EnergyX Will Direct Lithium Extraction Disrupt the $90B Lithium Market? Current lithium extraction and refinement methods are outdated, often harmful to the environment, and ultimately inefficient. So much so that by 2030, lithium demand will outstrip supply by a projected 1.42 million metric tons. But there […]

Japan’s Inpex to boost Ichthys LNG stake

Energy News Beat Japan’s Inpex plans to enter into a deal with compatriot Tokyo Gas to buy a small stake from the latter in the Inpex-operated Ichthys LNG export project in Australia. Inpex said in a statement it would buy a 1.575 percent stake held by Tokyo Gas in the Ichthys LNG project through Tokyo […]

Former Ukrainian chief prosecutor ‘fired’ for Biden could be assassinated – ex-MP

Energy News Beat Viktor Shokin has dirt on the US president’s family and Kiev is using him as a bargaining chip, Andrey Derkach has claimed The former Prosecutor General of Ukraine, Viktor Shokin, who was famously sacked by then-President Pyotr Poroshenko under pressure from US President Joe Biden, is being used by the current government […]