World Energy News

Victoria Launches First Australian Offshore Wind Auction

The government of Australia's Victoria state has opened a bidding process for its first 2 GW of offshore wind capacity, marking the launch of the country's first offshore wind auction.Energy and Resources Minister Jaclyn Symes opened the Request for Proposal process on August 26, with projects to be assessed on value for money…
Sources say that Turkish trader BGN is looking at Congo cobalt to expand its metals business.

People with knowledge of the matter said that BGN, a Turkish energy and commodities trading company, is interested in buying 'battery materials cobalt' from the Democratic Republic if?Congo to help boost its new metals business. The Congo produces about 70% of all cobalt in the world and is home to major mines…
Japan signs first LNG supply agreement with Malaysian Petronas

The Japan industry ministry announced on Friday that the country had signed a deal with Malaysia's Petronas to procure liquefied gas for an emergency. The master sales and purchasing agreement will allow Petronas LNG to be delivered to the Japan Organization for Metals and Energy Security.
The Middle East escalated prices of GLOBAL LNG/-Asia, which led to the highest spot price since Dec-2022.

The Asian spot prices for liquefied gas have reached their highest levels since December '2022. This is due to the escalation in the Middle East conflict, the high European gas price and the strong demand before winter. The price was $26.00 for a million British thermal unit (mmBtu), compared to $25.70/mmBtu the previous week.
Germany and UAE strengthen energy cooperation through agreements with RWE and SEFE

Germany and the United Arab Emirates deepened their energy relations on Friday with a series of agreements that covered renewables and gas. The agreements are part of an overall EUR40 billion (US$46.4 billion) push for investment to support industry within Europe's largest economy.

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Shale Oil & Gas

How China's oil giants helped Beijing prepare an energy crisis

China's oil companies are at the forefront of Beijing prioritising energy security in the last decade. They have made investments that have helped to soften the impact of the closing of the Strait o'Hormuz. Sinopec PetroChina and CNOOC Ltd. have spent hundreds billions of dollars on drilling in China, while building and filling oil storage tanks for Beijing's energy security mandates. Since the U.S.

LNG

Argent LNG, Albania to Evaluate Development of Import Terminal

U.S. LNG developer Argent LNG said on Wednesday it had signed a non-binding memorandum of understanding with Albania's government to evaluate development of an onshore LNG storage and regasification terminal with capacity of up to 5 million tonnes a year.Here are more details:Terminal could connect with the Trans Adriatic Pipeline, proposed Ionian Adriatic Pipeline and Fier-Vlore gas corridor.Argent LNG said financing could involve the U.S. Trade and Development Agency, U.S.

Renewables

Palm eases due to rising stocks; expected weekly loss

On Friday, Malaysian palm oil futures declined, wiping out earlier gains and adding to the weekly loss. This was due to rising stocks, but concerns about future supply constraints helped cushion the decline. By midday, the benchmark contract for?palm?oil delivery in November on the Bursa Derivatives exchange was down 11 Ringgit or 0.23% at 4,874 Ringgit ($1,197.54) per metric ton. This week, the contract is down 1.12% after a 0.72% increase last week.

Victoria Launches First Australian Offshore Wind Auction

Sources say that Turkish trader BGN is looking at Congo cobalt to expand its metals business.

Japan signs first LNG supply agreement with Malaysian Petronas

The Middle East escalated prices of GLOBAL LNG/-Asia, which led to the highest spot price since Dec-2022.

Germany and UAE strengthen energy cooperation through agreements with RWE and SEFE

Baker Hughes reports that US energy companies have added rigs to their fleet for the first time in 4 weeks.

Documents show that the allegedly invalid invoices secured a $100 million Mizuho credit for Radiant World.

Gambia bans unauthorised protests after unrest caused by power cuts

Latest news

Bangladesh will develop two new LNG terminals in Bangladesh by 2030

Italy accelerates oil and gas projects to ensure energy security

RWE Germany and UAE sign agreement on deeper cooperation in LNG, offshore wind and LNG

Palm prices fall to two-week lows on rising stocks

CFO of Grupa Azoty says that the company is close to a long-term debt restructuring agreement with banks.

Shell acquires Hunlock creek power plant from Constellation Energy and sells it to them for $715 Million

The French baseload electricity contract for the front year is at a three-year high

Angola's Etu Energy aims to produce 100,000 bpd within five years - CEO

Nepal places climate justice in the centre of its global appeal for flood relief

Shale Oil & Gas

How China's oil giants helped Beijing prepare an energy crisis

Shell acquires Hunlock creek power plant from Constellation Energy and sells it to them for $715 Million

Angola's Etu Energy aims to produce 100,000 bpd within five years - CEO

Russell: The oil industry in Asia wants Trump to abandon the Gulf but doesn't expect him to do so.

LNG

Argent LNG, Albania to Evaluate Development of Import Terminal

Northern Territory Shale Developers Look Towards LNG Production

San Matias Pipeline Cansortium Closes $900m Loan for Pipeline

Bangladesh Seeks US LNG Amidst Global Supply Disruptions

Renewables

Palm eases due to rising stocks; expected weekly loss

The French baseload electricity contract for the front year is at a three-year high

Palm slips 1% due to weaker soyoil and bearish MPOB data

Nepal places climate justice in the centre of its global appeal for flood relief

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