South Korea plans to build two large nuclear reactors and increase the use of renewable energy in its energy mix
The South Korean industry ministry announced that the country finalised a new plan for its energy mix on Friday. It envisages building two large nuclear power plants as well as one small reactor, by the year 2038. In a statement, the ministry stated that it also aims to ensure renewable energy of an average 7 gigawatts per year.
Energa receives up to $1.92 billion loan for power grid investment
Polish utility Energa announced on Wednesday that it had signed a loan agreement with Poland's Development Bank BGK for up to 7,66 billion zlotys (1,92 billion dollars) to invest in its power distribution network. Polish oil refiner Orlen owns Energa and plans to develop…
Sources say that RPT-Australian Woodside is in talks with three partners about Louisiana LNG.
Multiple sources have confirmed that Woodside Energy is in talks with several potential investors to buy stakes in the Louisiana liquefied gas plant. These include Tokyo Gas, Japan’s JERA, and Saudi Aramco-backed MidOcean Energy. This sale of stakes is a test of market…
Sources: Woodside Australia is in talks with three partners about Louisiana LNG.
Multiple sources have confirmed that Woodside Energy is in talks with several potential investors to buy stakes in the Louisiana liquefied gas plant. These include Tokyo Gas, Japan’s JERA, and Saudi Aramco’s MidOcean Energy. This sale of stakes is a test of market expectations for LNG following Donald Trump's return to the U.S.
DeepSeek fears subside, US power companies spend more on data centers
U.S. Electric utilities are increasing their spending plans by tens and even hundreds of millions of dollars in order to upgrade the grid and build new power sources as artificial intelligence data centers and cloud computing drives up energy consumption. PPL Corp…
TE Connectivity to Acquire Richards Manufacturing
TE Connectivity entered into a definitive agreement to acquire Richards Manufacturing Co. from funds managed by Oaktree Capital Management, L.P. and members of the Bier family, long-standing owners and leaders of the business. The transaction will strengthen TE's position…
Origin Energy's profit exceeds expectations on the back of strong LNG earnings
Origin Energy, an Australian power company, beat analysts' expectations on Thursday. This was due to higher LNG sales and gains from LNG trading. These factors offset a sharp drop at the energy markets division. Origin Energy, along with AGL Energy and Energy Australia as one of Australia's "Big Three" retailers of electricity…
Norway will now focus on floating offshore wind turbines instead of the new bottom-fixed tender
Norway said that it will not be offering acreage for the development of bottom-fixed offshore farms when it announces its next tenders. Instead, it will focus on floating wind power options. The government has previously stated that it will offer new areas along the North Sea…
Reports say that Malaysia's Petronas will cut jobs in order to survive.
Local media reported that Malaysia's Petronas, the state-owned energy company, will reduce its staff to ensure its survival in the face of increasing challenges within the global operating environment. The Petronas CEO was quoted as saying this. The rationale behind this move is to ensure Petronas' survival in the next decades.
Potentia Energy purchases major Australian renewable energy assets
Potentia Energy is a joint venture of Italy's Enel and Japan's INPEX Corp. It announced Thursday that it will buy control stakes in renewable energy projects worth 1 gigawatt in Australia. This investment comes from investors in private equity funds and superannuation funds.
India reviews tariff surcharges on luxury goods, renewables and chemicals amid US pressure
India will review the import tariffs for over 30 items, including luxury cars and photovoltaic cells. This could lead to a rise in imports from America, according to a senior official at the finance ministry. To counteract President Donald Trump's increasing tariff actions…
Clean energy companies pressure US lawmakers to protect subsides
On Wednesday, U.S. clean energy companies will be heading to Capitol Hill to urge Republican legislators not to eliminate lucrative tax credits that are contained in the landmark climate change legislation of former president Joe Biden. Members of Congress of both…
Sasol, Anglo American, and De Beers pilot renewable diesel in South Africa
The South African petrochemicals firm Sasol, the mining group Anglo American, and its diamond division De Beers have entered into a joint agreement to develop a pilot production of renewable diesel using vegetable oil. Reporters were told that under the terms of the agreement signed at the African Mining Indaba…
Leading think tank: Wind is best for Sweden to achieve its climate goals.
A leading think-tank said that the cheapest way to help Sweden meet its projected rise in electricity demand and achieve net zero emissions by the year 2045 would be to build more wind farms onshore rather than increasing nuclear power plants. The Swedish government wants to build 10 new nuclear plants by 2045…
What is known about Trump’s executive orders following his swearing-in?
Donald Trump, the U.S. president, began issuing what was expected to be an avalanche of executive orders and directions on Monday as he tried to stamp his mark on his new government on issues ranging from immigration to energy. Sources familiar with the plans say that…
What is known about Trump’s executive orders following his swearing-in?
Donald Trump, the U.S. president, said on Monday that he will issue what is expected be a flurry executive orders and directions as he seeks to stamp his new administration in matters ranging between energy to immigration. Sources familiar with the plans say that more…
What we know about Trump’s executive orders following his swearing-in
Donald Trump, the U.S. president, said on Monday that he will issue what is expected be a flurry executive orders and directions as he seeks to stamp his new administration in matters ranging between energy and immigration. Sources familiar with the plans say that…
China reports five reservoirs with problems in Tibet following earthquake
An emergency official reported on Thursday that Chinese authorities have found cracks and other problems at five of the 14 hydropower dams they have inspected in Tibet since last week's magnitude 6.8 quake that shook the region. The Tibet emergency management official said that three of the five dams affected have been emptied.
China's lead in coal imports over India is the largest it has been in more than 10 years
China, the largest coal importer in the world, has extended its lead over India, No. The gap between China and India, the world's No. 2 coal buyer last year, was the largest since at least 2013. Customs data show. This helped cement its grip on global markets while also helping to stem a price slide.
Sources say that Trump will end the need to renew some LNG export permits
According to two sources familiar with the plan, Donald Trump, the U.S. president-elect will eliminate the requirement that some LNG producers renew their export permits. Sources said that Trump would likely include this change in his executive order on LNG, which he will issue during his first day of office.
