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Malaysia’s Petronas Set to Sign LNG Supply Deal With QatarEnergy, Sources Say

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By Emily Chow and Yousef Saba DOHA, Feb 3 (Reuters) – Malaysia’s state-owned firm Petronas is set to sign a liquefied natural gas supply deal with QatarEnergy as the southeast Asian nation seeks more supplies of the super-chilled fuel, two sources familiar with the matter told Reuters. Petroliam Nasional, or Petronas, will sign a contract …

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Ukrainian Energy Minister Says Kyiv Power Plant Badly Damaged

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Feb 3 (Reuters) – Ukrainian Energy Minister Denys Shmyhal said on Tuesday that a power plant in Kyiv’s eastern suburbs had been seriously damaged in overnight Russian attacks, prompting officials to redirect resources to restoring heating to thousands of residents. Shmyhal, writing on Telegram after a meeting devoted to energy issues, said the plant in …

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China’s Electric Truck Boom Poses New Threat to Demand for LNG

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China’s rapid adoption of electric trucks — which overtook gas-powered vehicle sales for the first time last year — is threatening a key source of demand for the country’s suppliers of the fossil fuel. Sales of heavy-duty trucks powered by batteries and other new energy sources hit a record in December, helping lift the full-year …

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AI Power Needs May Turn LNG Glut to Gap by 2030, Says Qatar Energy CEO

Artificial Inteligence, CDN and International News, Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, LNG / By

By Emily Chow, Yousef Saba and Andrew Mills AI and data centres seen driving rising LNG demand Asia, led by China and India, to drive LNG demand growth LNG prices may soften with new supply DOHA, Feb 2 (Reuters) – Growing electricity demand from AI and data centres, together with rising fuel use in Asia …

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OPEC+ Agrees in Principle to Keep Planned Pause in Oil Output Hikes for March, Sources Say

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  (Reuters) – Eight OPEC+ countries have agreed in principle to maintain a planned pause in their oil output hikes for March, according to three OPEC+ sources and a draft statement seen by Reuters ahead of their Sunday meeting. The countries had agreed the pause in output hikes for the first quarter in November. The …

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Mexico to Seek Diplomatic Solution After US Threatens Cuba Oil Tariffs

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(Reuters) – Mexico’s President Claudia Sheinbaum said on Friday her country would seek diplomatic solutions and alternatives to help Cuba after the United States threatened tariffs on nations that supply the Caribbean nation with oil. “We need to know the scope because we don’t want to put our country at risk in terms of tariffs,” …

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OPEC+ Set to Keep Oil Production Pause for March as Prices Jump, Sources Say

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By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler OPEC+ likely to keep current output policy, sources say Brent crude prices rise to highest since August Kazakhstan’s Tengiz oilfield recovering from disruptions LONDON, Jan 30 – OPEC+ is likely to keep its pause on oil output increases for March when it meets on Sunday, five delegates …

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Venezuela’s National Assembly to Discuss Sweetened Oil Reform on Thursday

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(Reuters) – Lawmakers are expected to discuss on Thursday a sweetened reform of Venezuela’s main oil after a proposal submitted by interim President Delcy Rodriguez was modified to introduce a new hydrocarbon tax, the possibility of asset privatizations and oilfield operation outsourcing, a draft seen by Reuters showed. The changes are expected to encourage oil …

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US, Europe Fall Behind in the Race to Control the Arctic: Vladimirov and Petrova

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(Reuters) – The Arctic is no longer a frozen periphery, especially not after the U.S. spat with Europe over Greenland. As sea ice melts, the High North is emerging as a strategic hub for energy, shipping and critical minerals. It is warming nearly four times faster than the rest of the planet, but what’s also …

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Europe’s Gas Storage is Draining, But Prices Reflect No Urgency: Bousso

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(Reuters) – Europe’s vast natural gas storage network is set to exit winter at its lowest level in years, yet market prices indicate a complacency starkly at odds with the enormous challenge traders face in refilling inventories. Replenishing underground storage has become a central feature of Europe’s gas market – and by extension, the international …

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