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On the eve of a visit to China, Russian leader Vladimir Putin blasted Western sanctions as his country’s economy teetered on the brink of recession, wounded by trade curbs and the cost of his war in Ukraine. Russia and China jointly opposed “discriminatory” sanctions in global trade, Putin said in a written interview with China’s …
Putin Lambasts Trade Sanctions on Eve of Visit to China Read More »
(Reuters) – Canada named senior energy industry executive Dawn Farrell on Friday to lead a new office designed to fast-track the review and approval of natural resources projects such as mines and pipelines, a process that can take a decade. Prime Minister Mark Carney announced the major projects office earlier this year, saying streamlining will …
Energy Exec Tasked With Speeding Up Project Approvals in Canada Read More »
Summary China receives first LNG cargo from sanctioned Russian project Putin to meet Xi at Shanghai Cooperation Organisation summit Potential signal for other buyers if no US reaction, analyst says SINGAPORE, Aug 29 (Reuters) – China received this week its first liquefied natural gas cargo from a sanctioned Russian project, ship-tracking data from Kpler and …
China Receives First Arctic LNG 2 Cargo Ahead of Putin’s Visit, Data Shows Read More »
Summary Gazprom may ship extra 6 bcm per year to China via existing link Power of Siberia 2 pipeline talks stalled, sources say Putin-Xi meeting to focus on energy cooperation Russia seeks to send gas to China after losing EU markets (Reuters) – China is seeking to buy more Russian gas through an existing pipeline …
China Seeks More Russian Gas via Old Link as New Pipeline Stalled Read More »
By Kevin Crowley Exxon Mobil Corp. said net zero goals for the global energy sector are likely to drift further beyond 2050 due to consumers pushing back against high costs and a revival in demand for coal, the most polluting fossil fuel. Global emissions will fall by a quarter by 2050, far short of the …
Exxon Says Global Emissions Goals Have Slipped as Coal Use Rises Read More »
(Reuters) – Germany will officially start commercial operations at its second liquefied natural gas import terminal at Wilhelmshaven port on Aug 29., state operator Deutsche Energy Terminal said on Thursday, as the country diversifies its energy supply. In response to Moscow’s invasion of Ukraine in 2022, Germany has turned to global, seaborne LNG to replace …
Second German LNG Terminal Starts Commercial Operations at Wilhelmshaven Read More »
By William Wilkes European carmakers said the European Union’s planned ban on combustion engines is no longer realistic, warning that climate rules risk weakening the region’s auto industry and its supplier network. In a letter, leaders of the industry’s main lobby groups urged European Commission President Ursula von der Leyen to revisit plans to phase …
EU Carmakers Warn Combustion Engine Ban Is No Longer Feasible Read More »
By Yawen Chen LONDON, Aug 26 (Reuters Breakingviews) – Add $12-billion Orsted (ORSTED.CO) to the list of companies swept up in U.S. President Donald Trump’s storm. A Washington agency late last week halted work on a nearly finished wind-power project. The big question for CEO Rasmus Errboe is what it all means for a separate …
COMMENTARY: Danish Wind Giant is Trapped in a Bad US Bet Read More »
Indian exporters are bracing for disruptions after a U.S. Homeland Security notification confirmed Washington would impose an additional 25% tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation. Indian exports will face U.S. duties of up to 50% – among the highest imposed by Washington – after President Donald …
Indian Exports Face Blow as US Enforces Steep New Tariffs from Wednesday Read More »
(Reuters) – China’s imports of liquefied natural gas (LNG) are poised to rise for a fourth straight month in August, but this may not be quite as bullish as it first appears. The world’s biggest buyer of the super-chilled fuel is on track to see imports of 6.04 million metric tons in August, the strongest …
China’s LNG Imports Are Set to Rise for a 4th Month, But it’s Not Bullish Read More »
