IMF Lowers Saudi Growth Outlook Amid Economic Pressures
Saudi Arabia’s economy is set to grow by 3.0% this year, a rebound from meager 1.3% growth in 2024, but lower than a previous forecast of 3.3% GDP growth, the…
Carbon capture company signs 15-year carbon removal deal with Microsoft
AtmosClear has signed a 15-year contract with technology giant Microsoft to capture 6.75 million tonnes a year of carbon dioxide from its bioenergy carbon capture and storage (BECCS) facility in…
Japan pilot targets clean hydrogen from nuclear heat
The Japan Atomic Energy Agency (JAEA) plans to produce clean hydrogen using heat from a high-temperature gas-cooled nuclear reactor at the Oarai Nuclear Engineering Institute in Ibaraki prefecture, northeast of…
China and US not tied through LNG but tariffs could impact some deals
China and the US are not heavily reliant on one another for LNG, and the impact of US tariffs on LNG trade flows has so far been limited, according to…
China Turns to Middle East LPG to Replace Tariff-Hit US Gas
Chinese plastics plants that buy liquefied petroleum gas are turning to the Middle East to replace tariff-hit imports from the US, disrupting global flows and reviving moribund freight rates. The…
Iran Boosts Natural Gas Production at Huge South Pars Field
Iran is boosting natural gas production from Phase 11 of the giant South Pars field after bringing online a key new well, Iranian media reported on Tuesday. The eighth well…
Kinder Morgan Founder Plays Down the Impact of Tariffs on U.S. LNG
Richard Kinder doesn’t lose sleep over trade wars or chatbots. The billionaire co-founder of Kinder Morgan waved off the industry handwringing over U.S.-China LNG tariffs and the supposedly overhyped energy…
Taiwan to Pledge More U.S. Oil and Gas Imports to Avoid Tariff
Taiwan is pledging to buy more U.S. oil and gas, which is a focus of the tariff talks with the Trump Administration, Taiwanese President Lai Ching-te said on Tuesday. “Increasing…
Saudi Arabia’s Crude Oil Exports Jumped by 500,000 Bpd in February
Saudi Arabia’s crude oil exports jumped by nearly 500,000 barrels per day (bpd) in February compared to January, the latest data from the Joint Organizations Data Initiative (JODI) showed on…
European Natural Gas Prices Drop as LNG Flows Stay Above Average
Europe’s benchmark natural gas prices fell by 2.5% on Tuesday after a four-day-long Easter holiday weekend as arrivals of LNG cargoes remain slightly above the seasonal average, easing concerns about…
