EU imports of Russian LNG rose 17.9% between Jan-May 2026 compared to 2025, with 96.7% of Yamal LNG exports going to EU ports. This occurs despite EU bans on short-term contracts and upcoming long-term contract bans, highlighting a missed opportunity to fully pressure Russia's war economy.
Iran has announced the complete closure of the Strait of Hormuz to all oil tankers and commercial ships in response to recent US strikes. The move, which threatens global energy supplies, escalates tensions between the two nations and jeopardizes ongoing peace negotiations.
SpaceX alumni Sara Spangelo and Ben Longmier have launched Ambrosia Energy, aiming to build solar and battery power plants faster and cheaper than natural gas alternatives. Their goal is to offer power at $100 per megawatt-hour and achieve gigawatt scale by the end of the decade.
China prioritizes energy security through strategic diversification into renewables, becoming a global leader in solar, wind, and electric vehicle tech, contrasting with the US's reliance on fossil fuels as the world's top oil producer and net exporter.
Russian President Vladimir Putin has authorized Nordline LLC, a subsidiary of Novatek, to acquire a 10% stake in the Arctic LNG 2 project from France's TotalEnergies. The decree was posted on the legal information portal.
Japanese lawmaker Mitsuhiro Yokota voiced concerns in parliament about potential future exploitation of Antarctica's vast mineral and energy resources, specifically mentioning China's interest and its resource acquisition ambitions.
EPDK has revised retail sales tariffs for four natural gas distribution companies, postponed the particulate matter standard for diesel fuel to June 1, 2027, and introduced a new tariff for unlicensed electricity production facilities.
EPDK has revised retail sales tariffs for four natural gas distribution companies for the third tariff application period (2022-2026). Additionally, the effective date for a diesel fuel standard was postponed to June 2027, and a new tariff for unlicensed electricity production facilities was established.
EPDK has revised retail sales tariffs for four natural gas distribution companies for the 2022-2026 period. Changes were also made to diesel fuel standards, setting a new effective date for particle count regulations to June 1, 2027. Additionally, a new tariff for unlicensed electricity production facilities was established.
EPDK has revised retail sales tariffs for natural gas distribution companies for the 2022-2026 period. It also adjusted the diesel fuel standard, postponing the enforcement of a particulate matter requirement to June 2027, and set a new distribution tariff for unlicensed electricity producers.
Turkey's Energy Minister Alparslan Bayraktar announced that BOTAŞ and Italian energy company Edison S.p.A. signed a Memorandum of Understanding (MoU) to explore cooperation in natural gas and LNG. The agreement includes potential pipeline connections between Turkey and Italy.
Russian President Vladimir Putin met Chinese leader Xi Jinping in Beijing to discuss the Power of Siberia 2 gas pipeline. Pricing, financing, and delivery timelines remain unresolved for the 2,600km pipeline, which would carry 50 billion cubic meters of gas annually. The Iran war's disruption of energy supplies adds urgency, but analysts are skeptical it will alter China's negotiating stance.
Russian President Vladimir Putin met Chinese leader Xi Jinping in Beijing to discuss the Power of Siberia 2 gas pipeline. The project, crucial for Russia amid declining European exports and for China amidst energy supply disruptions from the Iran war, faces unresolved pricing and financing issues.
India's ambitious piped natural gas (PNG) expansion is hindered by a severe shortage of trained manpower, particularly certified gas plumbers, and weak consumer uptake. CGD companies are adding only 8,000-10,000 connections daily, far below the target of 100,000. Rental housing issues and scattered demand also slow the rollout.
The EU's imports of Russian LNG surged 16% year-over-year in Q1, despite plans to phase out Russian fossil fuels by 2027, due to the energy crisis exacerbated by the US-Israeli war on Iran and global LNG market disruptions.
xAI expands Southaven, MS site with 19 more unpermitted gas turbines, totaling 46, despite lawsuit over air permit violations and community health concerns.
The Russian foreign minister said the idea behind those methods is to make everybody buy expensive oil and liquified natural gas from the United States
The Indian government has rationalised royalty rates and methodologies for crude oil, natural gas, and casing head condensate to simplify regulations and boost the upstream energy sector. This move aims to bring greater clarity, consistency, and predictability to the oil and gas regime, encouraging fresh investments in exploration and production activities.
A Qatari natural gas tanker crossed the Strait of Hormuz on Sunday for the first time since the start of the Iran war, heading for Pakistan, while Washington continued to wait for Tehran’s response to its latest proposals to begin peace talks. After some 48 hours of relative calm following sporadic clashes last week that have shaken a month-old ceasefire, Kuwait detected several hostile drones in its airspace early on Sunday, authorities said. But the QatarEnergy-operated carrier Al Kharaitiyat...
Decades of complacency cannot be magicked away by drilling in the North Sea – or even by hoping that renewables will quickly power everythingEwan Gibbs is a historian of energy at the University of GlasgowFirst it was Russia’s full-scale invasion of Ukraine, now it is the blockade of the world’s petroleum artery in the Gulf. For the second time in four years, Britain is facing an energy crisis that has been made much worse because of the absence of preparation by its political leaders.The fact is that our energy politics were conceived for a world where convulsive, global events were a thing of the past. The notion that it would be difficult to access supplies of oil or liquefied natural gas from the international markets did not figure in the understanding of the politicians and officials who shaped our perilous current moment. But even today, the advocates of energy sovereignty on the left and right appear to lack knowledge, understanding or power over this very foundational matter.Ewan Gibbs is a historian of energy, industry, work and protest at the University of Glasgow. He is the author of Coal Country: The Meaning and Memory of Deindustrialization in Postwar Scotland Continue reading...
India’s military is exploring alternative energy sources amid surging oil and gas prices caused by supply disruption from the Iran war, a trend that analysts say is set to accelerate among other Asian countries heavily dependent on energy imports. According to local media reports, the Indian army plans to get biogas stoves to replace natural gas-fired appliances for cooking. It is also exploring the use of green fuels for army vehicles and administrative work, as well as solar and wind power for...
India’s macro exposure to the Middle East continues to be transmitted primarily through energy and critical input prices, reflecting structurally high dependence on imported crude and natural gas.
A Swedish firm’s pursuit of the product testing company Intertek suggests investors’ price expectations are yet to be shifted by the Iran warIt was a bad day for the FTSE 100 index on Tuesday – down 1.4% – but the puzzle in many quarters is why share prices haven’t fallen further since the start of the US-Israel war on Iran. The index is still up by a couple of percentage points since new year, which is not a bet most would have made at the time if they had been told an inflationary energy price shock lay around the corner.An absence of Iran-related corporate profits warnings partly explains the relative resilience, even if those usually take a while to arrive. So, too, the fact that the Footsie is overpopulated with overseas earners for whom the US economy, which isn’t suffering Europe’s soaring natural gas prices, matters more than their home market. And higher oil prices obviously help the likes of Shell and BP. Continue reading...
Observers say pressure on IMO negotiations appears to be linked to countries that have invested heavily in gasAbout a fifth of the world’s oil and liquefied natural gas (LNG) passed through the strait of Hormuz, a strip of sea less than 30 miles wide at its narrowest point, before it was in effect closed by the US-Israeli attack on Iran, which sent the price of oil soaring and left an estimated 20,000 seafarers on 2,000 vessels stranded.Their plight has shone a spotlight on the complex and dirty relationship between shipping and the fossil fuel industry. The sector is one of the most polluting, with most ship engines fuelled by what has been called the dregs of the oil refining process, heavy and carbon-intensive diesel too filthy for any other purpose. Shipping produces about 3% of global greenhouse gases, a portion set to rise as trade globalises further. Continue reading...
