Poland is in talks with the US to import more LNG to supply Ukraine and Slovakia
Two sources familiar with negotiations say that Poland is working to secure a deal for the import of liquefied gas from the U.S. in order to supply Ukraine and Slovakia. This agreement would strengthen the European Union's relationship with American energy. The Polish Energy Ministry confirmed the talks late Wednesday night. One source said that officials expect to announce a declaration jointly boosting imports following a meeting between the parties during a transatlantic conference on energy in Athens this week.
Poland Working on Deal to Import US LNG to Support Ukraine, Slovakia
Poland is working on a deal to import liquefied natural gas (LNG) from the U.S. to supply Ukraine and Slovakia, an agreement that would further tighten the European Union’s ties to American energy, according to two sources familiar with the negotiations.Officials expect to announce a joint declaration to boost imports after a meeting of the parties at a transatlantic energy conference in Athens later this week, one of the sources said."After that, discussions would follow on terms for supplies to Slovakia," one of the sources told Reuters.
Poland is in talks with the US to import more LNG to supply Ukraine and Slovakia
According to sources familiar with negotiations, Poland is negotiating a deal for the import of liquefied gas (LNG), from the United States, to supply Ukraine and Slovakia. This agreement would strengthen the European Union's relationship with American energy. One source said that officials expect to announce a declaration jointly boosting imports following a meeting between the parties during a transatlantic conference on energy in Athens this week. One of the sources said that "after that, discussions will follow about terms for supplies to Slovakia".
Poland is in talks with the U.S. about importing more LNG to Ukraine and Slovakia
According to sources familiar with negotiations, Poland is negotiating a deal for the import of liquefied gas (LNG) to Ukraine and Slovakia. This pact would strengthen the European Union's energy ties with America. One source said that officials expect to announce a declaration jointly boosting imports following a meeting between the parties during a transatlantic conference on energy in Athens this week. One of the sources said that "after that, discussions will follow about terms for supplies to Slovakia".
BP Indonesia imports fuel from Pertamina to replenish after a shortage, the company reports.
BP's Indonesian fuel station operator said that it imported base fuel through a unit of Indonesian state energy company Pertamina. This was to replenish supplies following a shortage which has been plaguing private retailers in Southeast Asia’s largest economy. BP Indonesia, BP-AKR and Shell have both reported that they are experiencing inventory shortages of certain gasoline products. This has been happening since late August. BP-AKR stated that it imported base fuels for some of its gasoline via Pertamina Patra Niaga, the retail unit of Pertamina. The government had given the order.
Russia strikes Ukraine energy grid, one death reported
Officials said that Russia had launched a barrage overnight of drones and rockets against Ukraine's energy infrastructure, forcing power restrictions across the country and killing a person in Zaporizhzhia. As the winter months approach, Prime Minister Yulia svyrydenko said that Moscow was targeting Ukrainians and their power supplies. "Its aim is to plunge Ukraine in darkness." Svyrydenko stated on Telegram that "ours is to maintain the light." To stop the terror we need to increase air defence systems, tighten sanctions and put maximum pressure on the aggressor.
Venezuela wants Trinidad to share details about Exxon field testing, sources claim
According to two sources and an internal document, Venezuela wants to know the location and details of the first Exxon Mobil field tests that will be conducted in a newly awarded ultra-deepwater zone in Trinidad and Tobago. Delcy Rodriguez, Venezuela's vice president and oil minister, demanded details on Exxon plans. She also asked if any potential discoveries could reach Venezuelan territory. This was relayed to Trinidad's foreign minister by Dayne-Marc Chin Slick in a recent meeting with the acting head of their Caracas mission.
Poland, US Look to Boosting US LNG to Central Europe
Top Polish and U.S. energy officials discussed a potential boost of supplies of U.S. liquefied natural gas (LNG) via Poland to Central Europe to reduce the region's dependence on Russian gas, Poland's energy ministry said on Tuesday.Last week, Poland's Deputy Energy Minister Wojciech Wrochna and U.S. energy secretary Chris Wright discussed in Washington LNG supplies and the construction of Poland's first nuclear plant to be built by Westinghouse, it said."An important topic of…
Karachaganak, a Kazakh gas producer, reduces output after a drone strikes a Russian gas plant
The operator of Kazakhstan's Karachaganak Oil and Gas Condensate Field said in an email on Tuesday that production levels have been reduced following "an accident" at Russia's Orenburg Plant. Two industry sources said that on Monday, a Ukrainian drone strike against the Orenburg Gas Processing Plant, one of the largest in the world, forced Kazakhstan to reduce its production at the Karachaganak Field by 25 to 30 percent. Ukraine has intensified its strikes against Russia's energy infrastructure in recent months.
Malaysia: Multilateral power deal delayed due to Thai politics; renewal expected next month
Malaysia's Energy Minister said that Thailand has postponed the renewal of a multilateral power trading agreement in Southeast Asia due to changes in local politics. The Lao PDR-Thailand-Malaysia-Singapore (LTMS) Project to supply hydropower from Laos via Thailand and neighbouring Malaysia is now expected to be renewed in November, Energy Transition and Water Transformation Minister Fadillah Yusof told . The Constitutional Court removed Thailand's prime minister Paetongtarn Shinawatra in August. Anutin Charnvirakul was appointed to the position the following month.
After a drone attack in Ukraine, a giant Russian gas plant has suspended its intake of Kazakh gas
Kazakhstan's Energy Ministry said that a drone attack in Ukraine forced the Orenburg gas processing facility, the largest of its kind anywhere, to stop receiving gas from Kazakhstan. Yevgeny Solntsev, the regional governor of Orenburg, had stated earlier in the day that the drone attack had partially damaged the plant and caused a fire at an atelier at the plant. Kommersant, a Russian media outlet, reported that the fire was put out later, citing an operator. Ukraine has intensified its attacks against Russian refineries…
Malaysia: Multilateral power deal delayed due to Thai politics; renewal expected next month
Malaysia's Energy Minister said that Thailand has postponed the renewal of a multilateral power trading agreement in Southeast Asia due to changes in local politics. The Lao PDR-Thailand-Malaysia-Singapore (LTMS) Project to supply hydropower from Laos via Thailand and neighbouring Malaysia is now expected to be renewed in November, Energy Transition and Water Transformation Minister Fadillah Yusof told . The Constitutional Court removed Thailand's prime minister Paetongtarn Shinawatra in August. Anutin Charnvirakul was appointed the following month.
Palm oil ends the week lower due to weak crude oil.
Malaysian palm futures closed lower on Friday after a two-week rally. Weaker crude oil prices pushed the market. At the close, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery fell 6 ringgit or 0.13% to 4,514 Ringgit ($1,068.66). The contract dropped 0.68% in the past week. David Ng said that the market fell as low crude oil prices weighed on market sentiment. He is a proprietary trader with Kuala Lumpur based trading firm Iceberg X Sdn. Bhd. Palm oil is less appealing as a biodiesel feedstock due to the weaker crude oil futures.
Palm oil follows weak crude oil down, and is set to fall weekly
Malaysian palm futures fell on Friday as crude oil prices dropped, causing the market to fall. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery had fallen 8 ringgit or 0.18% to 4,512 Ringgit ($1,068.43). David Ng said that the market fell as low crude oil prices weighed on the market sentiment. He is a proprietary trader with Kuala Lumpur based trading firm Iceberg X Sdn. Bhd. Palm oil is less appealing as a biodiesel feedstock due to the weaker crude oil futures. Oil prices fell in early trading, heading towards a weekly loss.
Indonesia is considering regulating crude palm oils exports to meet the B50 demand
Indonesian government could regulate crude palm oil exports to ensure that there is sufficient supply domestically to produce biodiesel. This was announced by the country's energy minister on Tuesday. Since more than 10 years, the world's largest producer of palm oils has been implementing a biofuel program that blends palm oil-based fuels with diesel to reduce dependence on fuel imports. The current mandate is to blend 40% palm oil and diesel, also known as B40. The plan by Jakarta to increase this to B50 during the second half 2026…
Saudi Aramco CEO: Saudi Aramco's maximum oil production capacity can be sustained for an entire year at 12 million barrels per day.
Saudi Aramco's Chief Executive Amin Nasser said that the company can maintain crude oil production of 12 million barrels a day (bpd), for an entire year, without incurring any additional costs. Saudi Arabia has a large share of the world’s spare oil supply – idle oil that can be quickly brought to market. Nasser, speaking at the Energy Intelligence Forum held in London, projected that global oil demand will rise by between 1.1 and 1.3 million barrels per day (bpd) this year, as well as by 1.2 to 1.4 millions bpd by 2026.
Equinor abandons offshore electrification due to rising costs
Equinor, citing rising costs, informed the Norwegian government that it had scrapped its plans to reduce greenhouse gas emissions through the connection of several offshore platforms with the onshore grid. Norway's oil and gas industry is the largest contributor to climate change emissions. It accounts for about one quarter of all emissions. Gas turbines that power offshore installations account for 80% of all industry emissions. The key strategy for decarbonisation has been to replace them with renewable energy from the shore.
Eni wants to build a biorefinery and recycling plant in Sicily
Eni, an Italian energy company, announced on Thursday that it has begun the environmental approval process for the transformation of its industrial site at Priolo in Sicily into a biorefinery, and a chemical recycler plant for plastics. The Italian energy ministry has recently approved the application for the project. It will be built on the site of Eni's decommissioned ethylene plant. Eni is implementing this move as part of its plan to revamp its chemical business. This includes reducing the exposure to petrochemicals…
First political hurdle cleared for EU's plan on phase-out of Russian energy
EU diplomats reported that the ambassadors of European Union countries agreed on Wednesday to push ahead with the plan to stop Russian oil and natural gas imports by the year 2028. This agreement cleared the first political hurdle for the law before it is voted on later this month. The EU is currently negotiating proposals that would phase out Russian gas and oil by January 2028. This is an attempt to deny the Kremlin any revenue to fund their war in Ukraine. Three diplomats said that in a closed door meeting held on Wednesday…
Minister says Indonesia is on track to reach B50 biodiesel by 2026, reducing gasoil imports.
Indonesia will make B50 biodiesel, which is 50% palm oil based biofuel (B50), mandatory by 2026 to reduce gasoil imports. This was announced by the country's energy minister. Indonesia, the world's largest palm oil producer, has set a biofuel content requirement of 40%. It is now working to increase palm oil to the blend in order to reduce its dependence on fossil fuel imports. In a late-night statement on Tuesday, Minister Bahlil lahadalia stated that the government was planning to "push for B50" by 2026 in an effort to stop gasoil exports. Before shifting to B50.