LNG price

South Korea energy sector becomes burden due to LNG price hikes

A new report says LNG price hikes in 2022 are a major reason for South Korea’s energy sector woes.

Canadian LNG

Canadian LNG may not reach its potential, industry leaders warn

At an energy conference in Vancouver, industry leaders agonised over the slow progress in building Canadian LNG export terminals.

Woodfibre LNG

Canada’s Woodfibre LNG makes progress, but suffers another setback

At an energy conference in Vancouver, a Woodfibre LNG official said construction has advanced on the controversial gas project in British Columbia.

petrobangla

Petrobangla opens up bidding for Bangladesh oil, gas tender

Petrobangla has begun receiving bids from international oil companies keen to explore for hydrocarbons in Bangladesh’s 24 offshore blocks in the Bay of Bengal.

Oman LNG

More Oman LNG deals on the cards, 4th train under study: interview

Oman LNG has made headlines in recent weeks with a string of new LNG contracts, but more are still expected, a manager at the firm told Gas Outlook in an exclusive interview.

OQ

Oman eyes more downstream gas after Marsa LNG FID: interview

Omani energy firm OQ is keen to develop more downstream gas projects, its chief executive of upstream told Gas Outlook.

Renewables

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Shiroro

Nigeria’s Shiroro solar-hydro project will aid energy transition: experts

The Nigerian government has signed a joint venture for Shiroro Generating Company's 20 MW solar-hydro hybrid project. Experts say the project will aid the energy transition and foster renewable energy growth.

Algeria

Can Algeria’s solar segment shine brighter after its latest tenders?

The two tenders formed part of Algeria's national plan to install 15,000 MW of solar capacity by 2035.

Offshore wind

All eyes on Dutch offshore wind as country targets 21 GW

The Netherlands wants to achieve 21 GW offshore of wind capacity by the end of 2031, a target deemed ambitious yet achievable. All eyes are now on the country’s next offshore wind tender which will take place at the end of February.

Belt & Road Initiative

China’s Belt & Road Initiative boosts SE Asian renewables

China’s Belt & Road Initiative has been making a hard pivot from fossil fuel project investment to more renewables in recent years.

Energy Transition

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Falkland Islands

Peat-rich Falkland Islands risks greenwashing oil project

Israeli energy firm Navitas plans to take a final investment decision this year on whether to move ahead with an oil-for-peatlands restoration concept in the Falkland Islands.

EU green deal

Uncertainty looms over EU Green Deal ahead of June election

The new parliament that will emerge from the election could bring new challenges for the bloc’s energy policy, putting the future of the EU Green Deal in doubt.

Cambridge University

Cambridge University halt to fossil fuel funding despite green energy shift

The move comes as experts warn of a growing “reputational risk” for institutions like Cambridge University if they collaborate with oil and gas companies.

oil and gas wells

Colorado lawsuit targets abandoned oil and gas wells

A recently filed lawsuit alleges that a Colorado firm loaded up its clean-up liabilities onto another shell company that was designed to fail, saddling landowners and taxpayers with old polluting oil and gas wells.

Asia renewables

SE Asian renewables gains offset by continued gas build-out

Lack of progress in breaking ground on new projects, coupled with a challenging regulatory environment for Asian renewables, is hindering the region’s progress, the report said.

Senegal

Senegal well-positioned to achieve energy transition: report

Senegal's latest Energy Policy Review outlines progress in renewable energy, highlighting challenges and emphasising the inclusive governance needed for sustainable economic growth.

Trafigura, Greenergy deal opens up biofuels, road fuels synergies

The Trafigura-Greenergy deal highlights the growing importance of biofuels in the UK and European landscape, experts said.

Climate

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مناخ

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oil industry

U.S. Senate probe accuses oil industry of “denial, disinformation, and doublespeak”

A Senate committee published the latest instalment of a multi-year investigation after obtaining a vast trove of internal documents from oil industry giants ExxonMobil, Chevron, BP, and Shell. The report alleges the efforts to slow climate action continue to this day.

SPDC

African petrostate gas investments face transition risk: African Climate Foundation

An African Climate Foundation report highlights the challenges for African petrostates in leveraging their gas resources and suggests prioritising renewables due to the transition risks.

US election

In run up to the U.S. election, Biden admin rushes to finalise climate rules

Several federal agencies rolled out multiple landmark regulations on the energy sector. Campaigners hailed the “green blitz” as Biden scrambles to finish up work before the U.S. election in November.

plastics treaty

Plastics Treaty talks end in disappointment over production limits

Hopes for faster progress on implementing limits on plastic production were dashed in Ottawa. Campaigners blame large oil producers — including the United States.