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.
RWE's US expansion plan of $20 billion includes gas-fired power stations
RWE, Germany’s largest power producer, announced on Thursday that it would invest in new gas-fired plants to expand more aggressively in the United States, a market where data centres are a major factor in power demand. The move is a major push from Germany's largest utility into a market where rapid construction of data centers,?as?well as the need for modernising ageing power infrastructure, has fueled a boom in the generation assets and network equipment. The 'hyperscalers', or big tech companies, are primarily responsible for this trend.
TGS, a subsidiary of Argentina's TGS, to invest $3 billion in a natural gas liquids project
The Argentine energy company Transportadora de Gaz del Sur (TGS), announced on Wednesday that it 'will invest $3 billion 'in a new natural-gas liquids project within the Vaca Muerta shale. Exports of approximately $1.2 billion per year are expected from the project over a period of almost four years. The company intends to submit 'the project to a large scale investment incentive scheme known as RIGI. This was introduced by the administration of President Javier Milei. Marcelo Mindlin said, "The project is crucial; it's essential if Vaca Muerta is to reach its target of 1.5m barrels per day by 2031-2032," at a New York press conference.
EU considers gas price cap as a way to control rising energy costs
The European Union is considering measures to?reduce energy prices. This includes capping gas price, said European Commission President Ursula von der Leyen on Wednesday. Before the Iran War caused oil and gas to surge, Brussels was drafting proposals for industries who claim that high energy costs make it impossible to compete with their rivals in China or the United States. The EU's electric system is set up so that the price of electricity is determined by the last power station needed to meet the total demand. Gas plants are often the last power plant needed to meet total demand.
LNG Canada increases production as Iran's war threatens global supplies
LSEG data shows that LNG Canada, a Shell venture, has increased production and exports to Asia in the past month. This is because 'the iran war' threatens Asian gas supplies, which are especially vulnerable to global disruptions. Data shows that the LNG project in Kitimat (British Columbia), which started operations in June of 2025, exported five cargoes during the first eleven days of March. This is already more than half the volume in February. The sixth shipment will depart on Tuesday. Two cargoes were sent to Japan, two to South Korea, and one to Philippines.
LNG Canada increases production as Iran's war threatens global supplies
LNG Canada, a Shell venture, increased production?and exported to Asia in this month. LSEG data shows that the Iran 'war' threatens Asian natural gas supply, which is particularly vulnerable to disruptions on a global scale. Data shows that the LNG project at Kitimat in British Columbia exported five cargoes during the first eleven days of March. This is already more than half the volume it had in February. A sixth shipment will depart on Tuesday. Two cargoes were sent to Japan, while two others went to South Korea and one to Philippines.
S&P: Central Europe is more resilient to supply shocks in the face of Iran war
S&P Global reported?on Tuesday that Central and Eastern Europe is more resilient to energy?shocks as a result of efforts to diversify the sources of energy since Russia's invasion in?Ukraine 2022. This provides buffers against economic impacts of the war in the Middle East. S&P Global said?on Tuesday that the region's import-dependent financial markets have been shaken by U.S. and Israeli war against Iran. This has driven up energy prices, central European currency, and bond yields, before Tuesday's relief rallies on hope of de-escalation.
German startup plans to build 30-megawatt AI Data Centre in order to boost sovereign control
Polarise, a German start-up, plans to build an artificial intelligence data center with a 30-megawatt capacity. This would double Germany’s domestically-run computing power. The company said that the facility in Amberg, Bavaria, which is set to be operational in mid-2027 could expand to 120 MW. According to the German lobby group Bitkom, AI data centres in Germany had a total capacity of 530MW by the end of 2017. Most of it was, however, operated by non German providers. Due to global tensions, including tariffs and armed conflicts…