But says it's a "reality"

U.S. reassures allies over Nord Stream 2

Kyiv - A senior U.S. envoy said on Saturday he had delivered reassurances to Ukraine and Poland on mitigating any threat posed by Russia's Nord Stream 2 gas pipeline, but that the project was now a "reality"

NOC says

Loading resumes at two Libyan oil ports

Tripoli - Loading operations at the Libyan oil terminals of Es Sider and Ras Lanuf resumed on Friday after a stoppage, National Oil Corporation and two engineers at the ports said. Exports were still halted at a third terminal, Hariga, where people have blocked loading operations, an engineer there said. Libyan oil output has been over 1.3 million barrels per day for much of 2021

Gas flows yet to start

Russia completes Nord Stream 2 construction

Moscow - Gazprom said on Friday it had finished construction of the Nord Stream 2 subsea pipeline to Germany, allowing Russia to potentially double lucrative gas exports to Europe via the Baltic Sea while bypassing and cutting off a source of income for political foe Ukraine

green economy

ECB adds its clout to climate change battle

The EU has set itself a target of cutting net emissions by 55% by 2030 in an effort to limit global warming to well below 2 degrees Celsius above pre-industrial levels, as set out in the landmark 2015 Paris Agreement.

Nuclear power

EDF says informed of build-up of inert gases at Chinese nuclear facility

Paris - French power group EDF said on Monday it had been informed of a build-up of inert gases at its nuclear power station in China, and had called for a meeting with its Chinese partner to review data on the plant. CNN reported on Monday that the U.S. government had spent the past week assessing a report of a leak at the Taishan power plant in Guangdong province run by a joint venture between EDF and China General Nuclear Power Group (CGN)

International tensions

The Emirati oil deal that has infuriated Israeli environmentalist

Jerusalem - The first cargo ships from Dubai that docked last year in the Mediterranean port of Haifa were met by celebration in Israel. Flags waved. Reporters gathered. The prime minister walked the pier and gave a speech about the fruits of making peace

Hydrogen, offshore wind seen as future industries

Norway not ready to let go of oil, gas in push for greener energy

Oslo - Norway is betting on hydrogen and offshore wind for its energy transition but will continue to extract oil and gas until 2050 and beyond, the outgoing centre-right government said as it presented its long-term energy strategy on Friday. Europe's second largest oil and gas producer will continue to hold regular licensing rounds

Through July

OPEC+ sticks to plan to ease supply cuts

London - OPEC+ oil producers agreed on Tuesday to stick to the existing pace of gradually easing supply curbs through July, as they sought to balance expectations of a recovery in demand against a possible increase in Iranian supply. The Organization of the Petroleum Exporting Countries and allies - known collectively as OPEC+ - decided in April to return 2.1 million barrels per day (bpd) of supply to the market during May through July

After cyberattack

Colonial Pipeline has no plan to pay ransom to hackers

Washington - Colonial Pipeline does not plan to pay the ransom demanded by hackers who have encrypted its data, according to sources familiar with the company's response on Wednesday. The hack prompted a pipeline shutdown that is now in its sixth day and has led to panic buying and gasoline shortages in the southeastern United States

Including gas power plant

Myanmar's junta approves $2.8 bln investment

Yangoon - Myanmar's military rulers have approved new investment in projects worth nearly $2.8 billion, including a liquefied natural gas (LNG) power plant that will cost $2.5 billion, the country's investment body said. Approvals for 15 projects were given on Friday by the Myanmar Investment Commission, according to a statement on the website of the Directorate of Investment and Company Administration

The country faces 200 MW power generation deficit

Power generation woes in Ivory Coast and Ghana hit industry and neighbours

Abidjan - A drop in electricity generation in Ivory Coast and Ghana has left households and businesses fuming as well as cutting power supplies to neighbouring West African countries Mali and Burkina Faso, officials said. A prolonged dry season has reduced water levels at hydropower dams in both countries that in some cases could take months to resolve

energy

China drills deep in disputed South China Sea

Tensions in the region have escalated since a U.S. Navy strike group entered the South China Sea on Sunday. That came after the president of the Philippines, a U.S. ally, voiced concern about Chinese vessels massing in Manila's 200-mile (320-km) exclusive economic zone.

The world's top producer

Qatar tightens global gas market grip

 Qatar Petroleum is cranking up the pressure on high-cost rivals with bold expansion plans that will boost supplies over the coming decade and potentially push prices down further

As energy transition speeds up

State oil firms risk wasting $400 bln

London - National oil companies (NOCs) risk squandering $400 billion on expensive oil and gas projects over the next decade that may only break even if the world fails to meet the Paris climate goals, a non-governmental organisation said on Tuesday. In a new report called Risky Bet, the Natural Resource Governance Institute (NRGI) estimated that NOCs could invest $1.9 trillion over the next ten years

The infrastructure

Pipe laying for Nord Stream 2 restarts in Danish waters

Moscow - The consortium behind the Russia-led Nord Stream 2 natural gas pipeline has resumed laying pipes in the waters of Denmark, it said on Saturday, despite mounting pressure on the project from Washington. Construction of the link, which would double the capacity of the existing Nord Stream pipeline to 110 billion cubic metres of gas per year, was suspended in December 2019 due to the threat of sanctions from Washington

Lack of availability

Asian spot prices rise to record high

Asian spot prices for liquefied natural gas (LNG) jumped nearly 50% this week to a record high, based on available data going back to 2009, as logistical issues disrupt supply to the world’s top consuming region

On LNG storage ships

GTT fined over unfair sales practices in S. Korea

Seoul - South Korea's antitrust regulator said Wednesday it has fined a French engineering company 12.5 billion won (US$11 million) for its unfair tie-in sales to South Korean shipbuilding clients