Senate GOP Favors Round-The-Clock Power Over Solar and Wind

The Senate’s tax bill would boost baseload electricity — including nuclear and geothermal power — while slashing incentives for intermittent sources. By A cooling tower at a nuclear power plant…

PetroChina Looks to De-Risk LNG Trades with North American Supply

PetroChina’s trading arm is looking to boost the flexibility of its LNG trading portfolio with supply from North America, a senior executive at the Chinese state-run oil and gas giant…

Austria Urges EU to Reconsider Russian Gas Ban After Peace Deal

The European Union should be open to re-evaluating the ban on Russian gas imports it is currently seeking to enforce if a peace deal is brokered between Russia and Ukraine,…

Oil Price Surge Threatens Asian Currencies

The currencies of several major Asian oil importers are ripe for depreciation with the spike in international crude oil prices, analysts at Barclays said on Tuesday.  The surge in oil…

Trump Ups Pressure on Iran, Fueling Fears US Will Join Conflict

Israel and the US are ratcheting up pressure on Iran, fueling fears that Washington may be preparing for a more direct intervention alongside its closest Middle East ally. US President…

  • Gas
  • June 17, 2025
EDP Group and SIAD’s IGAT to build largest solar-and-storage plant in Italy

Italian chemicals company IGAT and the utility EDP Energia Italia are to build a distributed generation photovoltaic solar plant. It is the largest EDP project in Italy to be integrated…

Commonwealth LNG Confirms 20-Year Sale and Purchase Agreement with PETRONAS

HOUSTON, June 17, 2025 /PRNewswire/ — Commonwealth LNG (“Commonwealth”) today identified PETRONAS LNG Ltd. (“PETRONAS”), a subsidiary of Malaysia’s national oil and gas company, as the major Asian energy company referenced…

World Oil Demand to Keep Growing this Decade Despite 2027 China Peak, IEA Says

Summary IEA forecasts oil demand peak at 105.6 million bpd by 2029 China’s oil demand to peak in 2027 due to EV growth US demand boosted by lower gasoline prices,…

Solar Stocks Drop after Senate Proposal to Phase Out Tax Credits by 2028

(Reuters) – U.S. solar stocks dropped in premarket trading on Tuesday after a Senate panel proposed a full phase-out of solar and wind energy tax credits by 2028, as part…

PetroChina Eyes North American LNG Volumes to Reduce Risk, Says Exec

“If I look at our portfolio today, I think we’re slightly overweight on duration. I think we signed too many, very long term, take-or-pay SPAs (sales and purchase agreements),” said…