Germany set to launch second LNG terminal
Deutsche Energy Terminal’s (DET) second LNG terminal in Wilhelmshaven in Germany will start commercial operations today [29 August], following a successful commissioning phase. The launch follows several weeks of functional…
Exxon Sees 20% Gas Demand Growth by 2050, U.S. Nearing Records in 2025
Exxon projects global natural gas demand will rise more than 20% by 2050 from 2024 levels, driven by coal displacement in industry and growing electricity use in emerging markets, according…
Exxon Serves Up Hard Lesson in Climate
ExxonMobil has decided it’s time to play teacher. In its freshly minted Global Outlook, the U.S. supermajor offered a chapter called “Lessons from Europe”—and the grading isn’t pretty. The EU’s…
Repairs at Drone-Damaged Russian Baltic Fuel Port Could Take Months
The fuel loading and gas processing complex at the Ust-Luga port on the Russian Baltic Sea that was damaged in a massive Ukrainian drone attack could take several months to…
Cargo from Sanctioned Russian Arctic LNG 2 Docks in China
Russia’s sanctioned Arctic LNG 2 export plant appears to be testing the current U.S. willingness of sanctions enforcement as a cargo from the facility, which is sanctioned by the United…
Germany Boosts Energy Security with New LNG Terminal
The German port of Wilhelmshaven is launching its second LNG terminal to process imported liquefied natural gas, Deutsche Energy Terminal (DET), the state operator of the facility, said on Thursday.…
Indian Refiners Increase Russian Crude Purchases Despite Tariffs
India’s refiners are expected to import more Russian crude oil in September compared to this month’s levels as discounts are deepening amid Russia’s constrained refining capacity due to Ukrainian drone…
UK Regulator Investigates Drax Over Biomass Claims
The UK’s financial watchdog has opened an investigation into Drax Group’s biomass sourcing statements of the past three years, the British energy group operating a controversial wood pellet power plant…
USA-Sanctioned Russian LNG Lands in China for 1st Time
A tanker with a shipment of liquefied natural gas from a US-sanctioned export facility in Russia has docked at a Chinese terminal for the first time, the latest move by…
UK financial watchdog to investigate Drax biomass sourcing
The UK’s Financial Conduct Authority (FCA) is to investigate Drax over its biomass sourcing, listing rules and disclosure guidance. In a short statement, the FCA said the period under investigation…
