Narelle continues to disrupt Australia LNG despite its weakening from tropical cyclone
Ex-Tropical cyclone Narelle, which has been affecting Australia's Queensland state and Northern Territory since March 20, further affected production at two of Australia’s largest liquefied natural gas plants. The storm system was waning in the country's northwestern region. Narelle, which has been sweeping across Australia's Queensland and Northern Territory state since it made landfall on March 20 as a Category 4 tropical cyclone, hit Western Australia on Friday, affecting LNG plant run by Woodside and Chevron. The impact of the storm on LNG plants has increased a global shortage caused by the Iran War.
Narelle continues to disrupt Australia LNG despite its weakening from tropical cyclone
Narelle, the former tropical storm that weakened in Australia's north-west, continued to disrupt production at two of Australia’s largest liquefied?gas plants Saturday. Narelle, the category four tropical storm that has been ravaging Australia's Queensland and Northern Territory ever since it made landfall on?March 20th, hit Western Australia Thursday. It affected LNG plants operated by Chevron, Woodside, and others. The impact of the storm exacerbated an existing global supply crisis caused by the Iran War. A spokesperson…
Inpasa, a corn ethanol producer, opens a new plant in Brazil
Inpasa, a corn ethanol producer in Brazil's Bahia State, announced?that it had started operating at its new facility. It aims to produce 470 million liters of biofuel per year. In an interview, Gustavo Mariano said that the plant was now operational and the company would have a supply within a few days. In recent years, corn ethanol production has increased dramatically in Brazil. This is a long-controlled industry by sugarcane farmers. Inpasa, which has plants in Paraguay & Brazil,?has expanded rapidly. Oil prices are soaring due to the war in the Middle East that began in February, when Israel and the U.S.
Taiwan freezes its electricity rates to maintain the industry's competitiveness and stabilize prices
The economy ministry announced 'on Friday that Taiwan won't raise its electricity prices for the time being, despite the fact that energy prices are higher due to the Middle East war. This is to maintain price stability and to keep the industrial competitiveness. The government is trying to limit price increases for consumers across the board to help reduce the impact of rising energy prices internationally, including heavily subsidising energy. The ministry released a statement saying that the committee had decided to 'not adjust electricity rates at this time' due to the increased risks of escalating conflicts in the Middle East…
South Korea enforces naphtha export ban amid Middle East supply disruptions
The industry ministry announced that South Korea has begun enforcing an export ban on naphtha as it tries to ensure domestic supplies are not disrupted by the conflict in the Middle East. This move will require refiners divert their exports to the local market, and the government can order the production and allocations of naphtha. Naphtha is a key feedstock for petrochemicals used in chip, autos, and plastics. South Korea imports about 45% its naphtha, 77% of which comes from the Middle East. This makes the supply particularly vulnerable to regional conflicts, according to the ministry.
Venture Global and Edison resolve arbitration dispute regarding early Calcasieu Pass gas sales
Venture Global and Edison announced on Thursday that?they?had?reached an agreement in order to settle a longstanding arbitration dispute relating to allegations that the American exporter liquified natural gas had failed to deliver contractual shipments to the Italian firm. The Edison settlement should be completed by the end June 2026 when the arbitration is formally ended, according to a statement released jointly by the two companies. They said that the agreement resolved the arbitration in its entirety. Edison…
The UK has reopened its domestic CO2 plant in response to the threat of war with Iran.
The UK announced on Thursday that it would spend 100 million pounds ($133.5?million?) to restart the production of biogenic CO2 at a closed plant in Teesside, for a period of three months. This is to avoid any shortages resulting from the Iran War. Ensus produced CO2 as a bioethanol by-product at its Wilton International plant until September. Then, after tariffs on bioethanol were reduced in an agreement with U.S. president Donald Trump, the plant could not compete with cheaper imports from the U.S. Gas is used in many different ways, from cooling nuclear reactors to operating theatres at hospitals.
Groupo Potencial increases investment in Brazil's biofuels citing the war with Iran
A senior executive at Brazil's Grupo potencial said that the company plans to increase its investments in biofuels to 6 billion reais ($1.15billion) by 2030, due to a rise in oil prices as a result of a war with Iran. Potencial plans to build the largest biofuels facility in the world. The investments will be used to increase capacity at the corn ethanol plant and to boost the soy crushing to feed the biodiesel. Carlos Eduardo Hammerschmidt is the vice president of?commercial relations, institutional relationships and new investments.
India's ethanol manufacturers feel the pinch
Singh claimed that despite contractual obligations, government oil companies did not purchase enough ethanol. This forced him to stop operations at his factory where he employs 600 workers. India's plan for reducing emissions and reducing oil imports is based on ethanol, a fuel produced from sugarcane or maize. State-run oil companies blend ethanol and petrol under the Ethanol Blending Programme of the Indian government. India achieved its goal of blending 20% of ethanol in petrol (known as E20 fuel) five years earlier than expected.
Venture Global CEO: We are working with critical LNG cargoes to ship globally
Venture Global, a liquefied natural 'gas exporter, is working with countries all over the world to 'help cover shortages of supply in the short term, said CEO Mike Sabel on Tuesday at.the CERAWeek conference in Houston. The world was reeling from the attacks on energy infrastructure during the U.S. - Israeli war against Iran. The price of oil and gas has risen following the closure of the Strait of Hormuz, and the attacks on energy infrastructure in the Middle East. QatarEnergy reported that a strike on its LNG plant knocked out up to 17% of the capacity, which could last for five years. This would threaten supplies to Europe and Asia.
Venture Global CEO: We have enough LNG to last for a long time.
Venture Global, a liquefied natural 'gas exporter, is working with countries all over the world to deliver vital cargoes. CEO Mike Sabel made this statement on Tuesday - at the CERAWeek conference in Houston. The world was reeling from the attacks on energy infrastructure during the U.S. - Israeli war against Iran. The price of oil and gas has risen following the closure of the Strait of Hormuz, and the attacks on energy infrastructure in the Middle East. QatarEnergy reported that a strike on its LNG 'plant' has caused 17% of the capacity to be lost for up to 5 years. This could threaten supplies to Europe and Asia.
Australia's Santos temporarily closes Darwin LNG Plant amid Mideast Supply Squeeze
Santos, an Australian company, announced on Tuesday that it had temporarily closed its Darwin liquefied?gas plant. This would disrupt exports of a newly restarted?supply chain during a period when the markets were tightening because of disruptions in the Middle East. This outage occurs as LNG exports from Qatar to Europe and Asia have already been under pressure due to disruptions in shipments. Australia is a major LNG supplier to Asian buyers. Santos is the second largest oil and gas producer in the country. Santos, the country's No.
NextEra CEO: NextEra has secured land in Texas to build a giant gas plant that will power data centers
NextEra Energy secured land in?Texas to build a gas-fired power plant that will be used to power a massive data?center. The project is backed by a U.S.Japan agreement. Last week, the power provider revealed that President Donald Trump's administration had approved the construction of two gas plants totaling 10 gigawatts in Texas and Pennsylvania. This will help to meet the exploding electricity demands of data centers. The $33 billion project would be developed by NextEra and operated by them, but jointly owned by the United States of America and Japan. This is part of an?overall trade agreement between the two nations.
Venture Global talks about settling arbitration cases with Energy Companies
Venture Global has begun discussions with energy companies to settle pending arbitration claims against the company for failing to provide?LNG? from its Calcasieu Pass facilities in a timely fashion, said CEO Mike Sabel on Monday at a roundtable session during the CERAWeek Conference in Houston. Venture Global customers such as Shell, BP, Repsol, orlen & Edison filed arbitration claims in 2023, accusing Venture Global of failing to supply them with LNG more than two years after it produced the super-cooled gas. BP has won against Venture Global and the LNG exporter against Shell and Repsol. The other cases are still pending.
Iran threatens to retaliate after Trump's ultimatum against Gulf water and energy
Iran has warned that it will strike water and energy infrastructure in the Gulf region if U.S. president Donald Trump follows through with his threat to "attack" its electricity grid. This is raising fears about a massive disruption of drinking water for a region heavily reliant on desalination. Trump gave a deadline of 7:45 pm EDT (2345 GMT) on Monday, warning late Saturday that the United States will strike Iran's nuclear power plants if Tehran does not fully reopen the Strait of Hormuz in 48 hours. Oil?markets opened choppy early in Asia trading due to the prospect of tit for tat attacks on civilian infrastructure.
Energy Prices Jump After Iran Attacks Qatar LNG Plant
Energy prices surged on Thursday after Iran struck the world’s largest LNG complex, causing damage that Qatar said could take five years to repair, as the energy sector's worst fears about the war launched by the U.S. and Israel on Iran came true.QatarEnergy CEO Saad al-Kaabi told Reuters the state-owned gas company may have to declare force majeure on long-term contracts to Italy, Belgium, South Korea and China after the attack meant a loss of around 17% of Qatar's liquefied natural gas exports for between three and five years.Gas prices in Europe soared as much as 35% on Thursday and oil jumped as much as 10%…
Oil Prices Rise As Iranian Attacks on UAE Continue
Oil prices rose more than 1% on Tuesday, as renewed Iranian attacks on the United Arab Emirates heightened concerns about the worsening outlook for global supply if there is no quick resolution to U.S.-Israeli war on Iran, now in its third week.Brent crude futures gained $1.33, or 1.3%, to $101.53 a barrel by 1515 GMT while U.S. West Texas Intermediate (WTI) crude advanced $1.21, or 1.3%, to $94.71.The U.S.-Israeli war on Iran shows no signs of abating. While oil futures have not repeated the brief surge to nearly $120 a barrel from earlier in the month…
The ruling party of South Korea says that the country will lift its coal cap and increase nuclear production amid the Iran crisis.
South Korea's ruling Democratic Party announced on Monday that the government would lift limitations on coal-fired power generation and increase nuclear plant utilisation to as much as 80%, as part of a response to the Middle East Crisis. In a briefing, members of the Middle East Crisis Economic Response Task Force of the party said that the measures were intended to stabilise energy prices and supply as tensions along the Strait of Hormuz have blocked oil and gas supplies from South Korea. According to Korea International Trade Association data, South Korea imports most of its?energy.
Alaska LNG CEO: We need more commitments to offtake before we make a final investment decision.
Glenfarne, an energy developer, must secure agreements to purchase a further 3 million metric tonnes of liquefied gas before making any final investment decisions on the $44 billion Alaska LNG project. Brendan Duval, CEO of Glenfarne, said that the lead developer for the Alaska project has been in discussions with two potential buyers about adding the remaining volumes to the 13 million tonnes of annual sales agreed upon so far. JERA, one of Japan's largest LNG buyers, and Tokyo Gas have signed preliminary agreements for offtake.
Venture Global will proceed with the second phase of CP2 Liquefied Natural Gas project
Venture 'Global announced on Friday that it will move forward with the second phase of its CP2 liquefied - natural gas - project in Louisiana. The second largest LNG supplier in the U.S. said that this project was important for global energy security and supply. Since Qatar, which produces 20 percent of the world's LNG, closed down its LNG plant due to the ongoing conflict between Israel/U.S. and Iran, LNG prices have risen. The benchmark for the Dutch Title Transfer Facility in Europe is $17 per million British thermal units. In Asia, the benchmark is $16.