Archiv: energy / power plants / supply / infrastructures / technologies


25.10.2022 - 19:05 [ Spectator.co.uk ]

Why are Europe’s gas prices falling?

In preparation for this winter, European countries have been rapidly filling their gas storage facilities with liquified natural gas (LNG) imported by ship from Qatar, the US and elsewhere. Those facilities are now reported to be virtually full. The latest phenomenon is LNG ships queuing off European coasts waiting to unload their cargoes – and being kept waiting because there is a shortage of storage space and facilities to unload. There are believed to be around 50 such ships currently at sea off Europe.

12.10.2022 - 12:18 [ Reuters ]

Druzhba pipeline leak cuts oil flow to Germany, accident blamed

Poland said on Wednesday a leak in one of the Druzhba pipelines bringing oil from Russia to Europe hit supplies to Germany and was most likely caused by an accident, as Europe remains on high alert over its energy security.

06.09.2022 - 09:17 [ Mehr News Agency ]

If sanctions lifted, Iran can meet Europe’s energy needs

Referring to the energy crisis in Europe, the Iranian Foreign Ministry Spokesman said that if JCPOA negotiations are successful and unilateral sanctions against the country are lifted, Iran can meet most of Europe’s needs.

03.09.2022 - 07:51 [ Independent.co.uk ]

Russia’s Gazprom shuts European gas pipeline indefinitely as energy crisis escalates

Russia’s state-controlled natural gas supplier, Gazprom, heralded a major escalation in Moscow’s energy war with Western Europe on Friday when it announced that the Nord Stream 1 pipeline would remain closed indefinitely, a move that increases the prospect of blackouts and economic turmoil across the continent.

02.09.2022 - 19:49 [ theGuardian.com ]

Energy price inflation: how the UK and EU could fight it

Is there international action that can be taken now?

It appears increasingly likely that some forms of coordinated international action will be taken, mirroring responses to the global financial crisis, the eurozone debt crisis and the Covid pandemic.

The former Italian prime minister Mario Draghi floated the idea of “a cartel of buyers” at a meeting with the US president, Joe Biden, in May. This would involve large oil consumers working together to negotiate prices.

01.09.2022 - 16:53 [ Iranintl.com ]

Iran Says Europe Needs A Nuclear Deal ‚Not To Freeze‘ This Winter

Once the deal is restored the United States will lift oil export sanctions imposed by former President Donald Trump when he withdrew from the JCPOA in 2018. It will also remove international banking restrictions also imposed as part of Trump’s ‘maximum pressure’ on Tehran.

But what Iranian media presents as ‘Europe’s freezing winter” has almost nothing to do with Tehran’s crude oil exports, except generally helping to bring down oil prices. Europe’s need to replace Russian gas is a specific issue on its own that Iran cannot help with at all.

01.09.2022 - 16:50 [ Wall Street Journal ]

Granholm to Europe: Tough Luck – The Energy Secretary bullies U.S. companies to reduce fuel exports.

America’s allies in Europe are desperate for alternative supplies of fuel amid the Ukraine war, and U.S. producers are happy to provide what they can. So wouldn’t you know the Biden Administration now wants to limit fuel exports.

That’s the message Energy Secretary Jennifer Granholm sent last week in a letter imploring seven major refiners to limit fuel exports. We obtained a copy of the letter, which the Administration didn’t release publicly.

01.09.2022 - 16:23 [ Telegraph.co.uk ]

Putin has pulled off a shock win that could destroy the free world

We risk ending up with calamitous poverty, civil disobedience, a new socialist government by next year, a break-up of the UK, nationalisations, price and incomes policies, punitive wealth taxes and eventually a complete economic and financial meltdown and IMF bailout. The situation in the EU is, if anything, worse.

This is not a plea for pacifism, for looking away when Ukraine is being illegally invaded by a savage regime. Britain was – and remains – morally right to back Ukraine in a carefully calibrated way. Instead, this is a plea for an economic counter-offensive, for Liz Truss, the next PM, to tackle Putin’s economic and energy war head-on.

01.09.2022 - 15:53 [ Express.co.uk ]

‚Everything has gone up!‘ Britons struggle to make ends meet as wages stagnate

Rising food prices, soaring petrol prices and sky high energy bills are pushing households into poverty as wages fail to keep up with demand.

Bristol residents have been telling express.co.uk how they are struggling to find the extra money to pay for increasing rents and bills.

30.08.2022 - 20:12 [ Bloomberg.com ]

Iran May Drain Offshore Oil Cache If Nuclear Deal Reached

Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out.

29.08.2022 - 14:17 [ Tehran Times ]

Iran, a major oil and natural gas supplier, can help stabilize volatile market: Atlantic Council

As fuel prices skyrocket following the Russian invasion of Ukraine, Iran as another major supplier of oil and natural gas is poised to play an important role, the Atlantic Council said in a commentary on March 3.

29.07.2022 - 16:07 [ Telegraph.co.uk ]

As the EU bails out Germany, we should thank God we left

The result is that the EU faces a winter like that endured by Britain under Sir Edward Heath: with energy rationed, perhaps through planned outages. For fans of the EU Sir Edward has long been a totemic figure: the Prime Minister who took us into the bloc without bothering to ask the people in a referendum. How ironic that the EU’s energy policy is now leading it down the same road as Heath’s Britain.

25.07.2022 - 19:17 [ Kathimerini ]

Saudi crown prince to visit Greece to sign energy, telecoms deals

The ministry said the pair were due to sign bilateral deals, without giving details. A Greek diplomatic source said the deals were in the fields of energy, military cooperation, and an undersea data cable, among others.

Greece and Saudi Arabia agreed in May on the main terms to set up a joint venture to lay the data cable that will link Europe with Asia.

25.07.2022 - 18:55 [ Oilprice.com ]

Europe Does A Complete U-Turn On African Oil And Gas

„The gas here goes to Bonny and Europe to power homes and industries but we have no benefits from it,“ one local community development activist from the Niger Delta told Bloomberg recently. „Nothing comes to us.“

The comment was part of an in-depth analysis by Bloomberg on Europe’s mad dash for gas that has seen Nigeria, for example, send millions of tons of LNG abroad while local communities use illegally made fuels and wood to stay warm. Nigeria is far from the only one.

25.07.2022 - 18:47 [ bnnBloomberg.ca ]

Europe’s Rush to Buy Africa’s Natural Gas Draws Cries of Hypocrisy

The issue of climate finance will likely dominate this year’s COP27 talks in Egypt, which is set to focus heavily on solutions for Africa. The future of gas will also be a key topic given the host nation and many developing countries see it as a way to move away from coal, according to Kwasi Kwarteng, business secretary of the UK, which hosted last year’s summit. “For them, gas is part of the transition.“

The International Energy Agency, which last year called for an end to new fossil fuel developments, in a recent report argued that Africa should be allowed to exploit its gas resources.

25.07.2022 - 18:18 [ Express.co.uk ]

Germany ‘urgently’ begs for gas as Russia supplies running dry: ‚We can’t afford it‘

(Apr 28, 2022)

The Haidach gas storage facility near Salzburg is reportedly almost empty. This is where Russia’s state-owned energy giant, Gazprom, sends its gas. But Bavaria’s Economics Minister Aiwanger has warned that the German state urgently needs to ramp up its capacity before winter.

12.07.2022 - 10:31 [ Oilprice.com ]

Why Is The U.S. Sending Its Emergency Oil Reserves To China?

(08.07.2022)

What is most notable is that a third cargo headed to US arch-enemy, China, which is now directly benefiting at the expense of US consumers as a result of Biden’s escalating panic to undo the consequences of his catastrophic green policies by selling the most valuable US assets directly to Beijing!

But what is even scarier is the following exchange, in which the White House simply had no response when asked if the US is selling its emergency reserve oil to China.

12.07.2022 - 10:22 [ Oilprice.com ]

Saudis Unwilling To Upset Putin As Biden Begs For More Crude

(Jul 03, 2022)

The world’s largest crude oil exporter, Saudi Arabia, continues to keep close ties with Russia while the top oil consumer, the United States, pleads with major producers—including the Kingdom—to boost supply to the market and help ease consumers’ pain at the pump. While the U.S. and its Western allies are sanctioning Moscow and banning oil imports from Russia, U.S. President Joe Biden is also turning to Saudi Arabia to ask it to pump more oil as Americans pay on average $5 a gallon for gasoline.

12.07.2022 - 09:31 [ Yahoo.com ]

Biden’s Quest for Saudi Oil Faces Reality-Check of Slim Capacity

The US president’s visit to a country he once vowed to isolate represents a significant thawing of relations, but the Saudis and their OPEC partners have limited spare production capacity to offer in return for this political concession. Some market watchers also question whether tapping this supply buffer would calm energy markets, or just make matters worse.

“A surge in Saudi production seems unlikely,” said Ben Cahill, senior fellow at the Center for Strategic and International Studies.

12.07.2022 - 08:39 [ Al Jazeera ]

The Masochist in Chief: Biden, Israel and the Middle East

Israel is the only “western country” where Biden is less popular than Trump, even though his Middle East policy looks a lot like his predecessor’s – “the nuclear deal is out, the Saudis are in, and human rights are down”. And Israel is, once again, front and centre. If you thought his trip to Saudi Arabia is about Saudi Arabia or oil, think again. The main aim of his trip is to increase Israel’s security and deepen its integration in the region.

True, Biden is not the first president to spoil Israel rotten, but there is something much more bizarre about Biden’s relationship with Israel. It is sort of a sado-masochistic relationship – the greater the abuse the bigger the schmooze.

12.07.2022 - 08:33 [ New York Post ]

White House weighs restarting arms sales to Saudis as Biden visits: report

Senior Saudi officials have been in talks with their US counterparts in Riyadh and Washington for months about setting aside the ban that was established by President Biden in February 2021, Reuters reported. ​

Biden, who leaves Tuesday for a four-day trip to Israel, the West Bank and Saudi Arabia, is keen on resetting relations at a time when the US needs Saudi help to increase the global oil supply to bring down fuel prices that have reached record highs in recent months.

28.06.2022 - 23:32 [ Demoracy Now! ]

France Says Western Powers Should Open Oil Markets to Iran and Venezuela

President Nicolás Maduro: “I would tell President Macron: Venezuela is ready to receive all the French companies that want to come to produce gas and petrol for the European market, for the global market. You are welcome to come whenever. The road is paved. We are prepared, ready and happy to do it.”

28.06.2022 - 09:13 [ AFP News Agency / Nitter.net ]

#BREAKING France wants oil from Iran, Venezuela back on the market: Macron’s office

(19 hours ago)

28.06.2022 - 09:06 [ Reuters ]

Powers need to study all oil options, including Iran, Venezuela -France

„There are resources elsewhere that need to be explored,“ a French official said on the sidelines of a G7 summit in Germany, when asked about how to alleviate high oil prices.

28.06.2022 - 08:52 [ marketwatch.com ]

Oil prices end higher as the U.S. announces new sanctions on Iran

(16.06.2022)

Oil futures climbed on Thursday, shaking off early losses from economic growth worries in the wake of the Federal Reserve’s latest interest-rate hike, to finish higher after the U.S. announced new economic sanctions on Iran.

04.02.2022 - 07:15 [ iNews.co.uk ]

Rishi Sunak announcement: Every measure the Chancellor has unveiled to tackle the cost of living crisis today

Speaking to MPs in the Commons this morning, the Chancellor announced a £9bn support package of loans and tax relief, including a £200 energy rebate for every British household in October.

It comes as the energy regulator confirmed this morning that the price cap on energy bills for 22m households will jump by 54 per cent from April to about £2,000 a year because of soaring gas costs.

16.10.2021 - 17:00 [ cityam.com ]

Boris’ success at COP26 will be measured by China’s seat at the table

(4 weeks ago)

As the host of the Cop26 Summit the Government is aware of the weight on its shoulders in not only recalibrating the Western alliance after the turbulent Trump era, but moving things forward in a meaningful way from the 2015 Paris Climate Agreement forged in rather different times. By some measures of modern geopolitics, whether or not Britain can convince China to attend the summit will be the test of its success as the host nation.

02.10.2021 - 18:57 [ Cnet.com ]

Climate change: COP26 is the biggest conference in the world. Here’s why it matters

Unless nations take drastic action to wean themselves off fossil fuels in the coming decade.

That’s why November’s UN Climate Change Conference, COP26, is being hailed as „the world’s best last chance“ to get the climate emergency under control. To ensure temperature change remains „well below“ the 2 degrees Celsius agreed to by UN signatories in the Paris Agreement in 2015, countries need to act fast and double down on commitments to reach net zero emissions.

02.10.2021 - 18:21 [ Nikkei.com ]

China’s Zhejiang orders production suspensions to meet energy targets

(25.09.2021)

Nearly 80% of the affected companies are in Ma’an, where a production halt order was issued for Sept. 21-30, according to the official.

The central government is pressing local authorities to reduce energy consumption as part of a national green transition strategy to lower emissions of climate-changing greenhouse gases. Beijing aims by 2025 to reduce national energy consumption per unit of GDP by 13.5% from 2020 while cutting carbon emissions 18%. Local governments have been given specific reduction goals.

02.10.2021 - 18:17 [ digitimes.com ]

Uncertainty in China power reduction policy haunting supply chains

(28.09.2021)

A number of Chinese provinces are enforcing power cuts in line with the country’s energy consumption and carbon reduction goals, catching many firms off guard, and it remains unknown whether the policy will become a long-term one.

02.10.2021 - 18:13 [ bworldonline.com ]

Asian factories stagnate as China’s slowdown, supply constraints hit

(01.09.2021)

China’s waning economic momentum dealt a fresh blow, with the official Purchasing Manager’s Index (PMI) on Thursday showing the country’s factory activity unexpectedly shrank in September due to wider curbs on electricity use.

02.10.2021 - 17:56 [ IOL.co.za ]

Evergrande, power China cuts and crypto-ban raises growth prospects

(28.09.2021)

Also on Friday there were reports that power rationing and forced halts to factory production in China were widening – there were power curbs in 10 out of 23 provinces amid electricity supply issues and a push to enforce environmental regulations.

02.10.2021 - 17:49 [ Bloomberg ]

China’s Growth Risks Multiply as Manufacturing Activity Shrinks

(30.09.2021)

Alongside tough measures to rein in the property market, the latest developments have led economists to pare back full-year growth predictions below 8% and warn that Beijing could be willing to tolerate a sharper slowdown as it tries to reform its economic model.

02.10.2021 - 17:48 [ theGuardian.com ]

China’s Lehman Brothers moment?: Evergrande crisis rattles economy

(17.09.2021)

Although there may be some parallels, the more extreme prophecies of doom for China may be no more correct than the assumption that Beijing will simply step in and bail out Evergrande to make sure the fallout from the failure of a property giant does not spread to other areas of the Chinese economy.

16.03.2021 - 01:10 [ Daily Sabah ]

Turkey issues diplomatic note to Greece, Israel and EU over East Med

The Foreign Ministry protested the recent agreement reached between Israel, Greece and Greek Cyprus advancing plans to build a 2,000-megawatt undersea electricity cable connecting the three.

24.10.2020 - 10:01 [ The Hill / Twitter ]

Trump: „Would you close down the oil industry?“ Biden: „I would transition from the oil industry, yes.“ Trump: „That’s a big statement.“ Biden: „That is a big statement.“ #Debates2020

(23.10.2020)

17.09.2020 - 16:11 [ Xinhuanet ]

Nigerian labor union pressures to reverse electricity tariff, fuel price hikes

Wabba said the NLC would also mobilize its members, civil society allies and other social partners to try to resist the policies that they claimed have driven many into poverty.

26.08.2020 - 17:46 [ The Jordan Times ]

King holds trilateral summit with Egypt president, Iraq PM, reaffirms centrality of Palestinian cause

His Majesty King Abdullah, Egypt President Abdel Fattah El Sisi, and Iraq Prime Minister Mustafa Al Kadhimi on Tuesday held the third trilateral summit between Jordan, Egypt and Iraq in Amman.

06.07.2020 - 00:21 [ The Hill ]

Energy companies cancel Atlantic Coast Pipeline

The two energy companies behind plans to build a natural gas pipeline spanning from West Virginia to North Carolina announced Sunday that the project was canceled, citing ongoing legal battles over the pipeline’s construction.

01.07.2020 - 22:22 [ France24 ]

France suspends role in NATO naval mission over tensions with Turkey

Ties between NATO allies France and Turkey have soured in recent weeks over Libya, Northern Syria and drilling in the eastern Mediterranean.

28.06.2020 - 13:03 [ Daily Sabah ]

Hungary to join TurkStream gas pipeline via Serbia

The regulator approved a 10-year development plan that includes the construction of a new Serbian-Hungarian gas inter-connector, with a capacity of 6 billion cubic meters annually.

26.04.2020 - 23:40 [ Reuters ]

U.S. renews waiver for Iraq to import Iranian electricity, shortens time

The United States has renewed a waiver for Iraq to continue importing Iranian electricity, a State Department official said on Sunday, but this time for a shorter period of 30 days, adding that Washington would be reassessing whether to renew again once a ‘credible government’ is formed in Iraq.

26.04.2020 - 23:36 [ Kurdistan 24 ]

Iraq says it is taking measures to maintain electricity supply ahead of summer season

Baghdad meets a part of its demand by purchasing resources it needs to supply its power plants from its neighbors like Iran.

26.02.2020 - 13:13 [ The Economic Times ]

India sees privatization as answer to flailing state power firms

In one of the most recent such moves, Tata Power Co. last year acquired one of the distribution utilities in the state of Odisha.

15.02.2020 - 19:14 [ The Hill ]

Pompeo pledges $1 billion in US support for European energy initiative

“As a brand new statement today of our support for sovereignty, prosperity, and energy independence of our European friends, today I want to announce that through the International Development Finance Corporation, and with the support of our United States Congress, we intend to provide up to $1 billion in financing to Central and Eastern European countries of the Three Seas Initiative,” Pompeo announced at the Munich Security Conference.

14.02.2020 - 23:25 [ Reuters ]

Mexico’s oil regulator fires 18 employees from contract oversight unit

Mexico’s oil regulator fired 18 employees on Friday that formed part of a unit responsible for supervising some 100 exploration and production contracts won at auction by private companies including U.S.-based Exxon Mobil Corp and Britain’s BP.

12.02.2020 - 02:08 [ Greek Reporter ]

Italian Navy Frigate Conducts Military Exercises With Cyprus off Larnaca

According to a press release issued by the Italian Embassy in Nicosia, the frigate is conducting patrolling operations in the Eastern Mediterranean, for presence and surveillance activities, in compliance with international law and to safeguard national interests.

29.01.2020 - 00:24 [ Mike Garrity / CounterPunch ]

Natural Gas Pipeline Corridor Threatens Imperiled Species and Inventoried Roadless Areas

We are giving the Forest Service the opportunity to address the serious legal problems with this decision before actually filing a lawsuit. For the sake of our public lands and wildlife – especially the imperiled species that will be harmed by this project – we truly hope the Forest Service reconsiders its decision and either cancels the project or takes the steps necessary to bring the project in compliance with federal law.

10.12.2019 - 01:29 [ Press TV ]

Iran, Iraq to renew electricity deal next month: Minister

Ignoring massive pressure from Washington and its allies in the region, Iraq has refused to switch to other suppliers or reduce imports from Iran, saying the Iranian energy is key to sustaining the civilian and industrial infrastructure after years of war and militancy in the country.

14.10.2019 - 18:29 [ Reuters ]

Saudi visit shows Putin’s deepening Middle East influence

The Russian president, accompanied by his energy minister and head of Russia’s wealth fund, met King Salman at his palace along with de facto ruler Crown Prince Mohammed bin Salman, with whom Putin says he has friendly relations.

13.10.2019 - 00:16 [ France24 ]

France joins Cyprus for naval manoeuvres amid Turkey gas dispute

Eni and Total together are licensed to carry out exploratory drilling in seven of Cyprus‘ 13 blocks that make up its exclusive economic zone. Eni said it expects the work to begin in the first half of next year.

22.08.2019 - 03:18 [ The National Herald ]

Cyprus Happy for Futile US Support for Energy Drilling

The US said Turkey’s Yavuz drillship should cease its activities off Cyprus’ northeastern coast and leave the EEZ but was ignored again, as it has been repeatedly with Turkish President Recep Tayyip Erdogan defying the international community and getting away with it so far.

16.08.2019 - 03:10 [ France24 ]

Lebanon says US mediation on Israel border issue ‚viable‘

In February 2018, Lebanon signed its first contract for offshore drilling for oil and gas with a consortium comprising energy giants Total, ENI and Novatek.

Two blocks in the eastern Mediterranean are part of the deal, but Israel claims that part of Block 9 belongs to the Jewish state.

23.07.2019 - 09:53 [ Reuters ]

Australia to create new Pacific military unit in bid to woo the region

Australia, which has pledged A$3 billion ($2.11 billion) in cheap loans and grants in a bid to arrest its slide in influence, has pledged to work with the United States, Japan and New Zealand to provide electricity to 70% of the PNG population by 2030.

06.04.2019 - 23:17 [ Al Jazeera ]

In Tehran, Rouhani and Abdul Mahdi back deeper Iran-Iraq ties

According to Iranian state TV, Rouhani on Saturday called for both countries to expand their gas and electricity dealings and boost bilateral trade to $20bn, despite difficulties caused by sanctions imposed by the United States against Tehran.

27.12.2018 - 19:16 [ Rudaw ]

Iraq, Iran ink energy sector agreement

Iran’s Energy Minister Reza Ardakanian was in Baghdad for two days of talks with Iraq’s Electricity Minister Luay al-Khatteeb, Oil Minister Thamer al-Ghadhban, and Governor of the Central Bank Ali al-Alaq.

Iraq’s electricity grid is dependent on imports from Iran – natural gas to fuel domestic generators and up to 1,300 megawatts of Iranian-produced electricity.

22.12.2018 - 22:12 [ Trend.az ]

Iran, Turkey agree on water cooperation

Iran and Turkey have agreed to create joint committees for water affair and other related cooperation on power resources.

Iran’s Energy Minister Reza Ardakanian held a meeting with Turkey’s Minister of Agriculture and Forestry Bekir Pakdemirli in Ankara, Trend reports citing ILNA.

20.11.2018 - 04:27 [ Trend.az ]

Tamar partners sign additional $200 mln Jordanian gas deal

Without any special announcements, the quantity of natural gas that Israel will export to Jordan is likely to rise substantially, starting next year, according to the reports published yesterday by Tamar Petroleum Ltd. (TASE:TMRP) In October, the Tamar partners signed another agreement to supply gas to Jordanian customers Jordan Bromine Company and Arab Potash Company.

10.11.2018 - 19:31 [ U.S. Department of State ]

Assistant Secretary Fannon Travel to Israel, Cyprus, and Egypt

Assistant Secretary of State for Energy Resources Francis R. Fannon will travel to Tel Aviv and Jerusalem; Nicosia, and Cairo from November 11 to 20, 2018. During his trip, Assistant Secretary Fannon will be meeting with government officials and private sector representatives to discuss energy security and regional cooperation on energy issues.

10.11.2018 - 19:23 [ CyprusMail Online ]

US energy official to tour East Med

US Assistant Secretary of State for Energy Resources Francis Fannon will travel to Tel Aviv and Jerusalem, Nicosia, and Cairo starting Monday, November 11 to 20, the State Department announced on Friday.

During his trip, Fannon will be meeting with government officials and private sector representatives to discuss energy security and regional cooperation on energy issues.

20.09.2018 - 23:51 [ Yonhap ]

Seoul expects inter-Korean energy cooperation after summit

„We didn’t discuss details on inter-Korean energy cooperation with North Korean officials, but we found they are keen to such a partnership,“ Kim Jong-kap, chief executive of Korea Electric Power Corp., said in a statement.