The SBSP system would cost 33.4 billion euros to build and 31.1 billion euros to operate for 30 years, in case of medium technological advances.

Smart energy systems are the future of clean energy. Apart from AI, technologies such as ML and blockchain in the energy sector also significantly impact the shift toward sustainable energy.

U.S. Rig Count is up 1 from last week to 764, Canada Rig Count is up 4 from last week to 215

Brent were up 70 cents, or 0.78%, to $90.53, WTI was up 71 cents, or 86%, at $83.65.

The European Commission aims to publish Sept. 28 a document detailing future steps to ease volatility and increase trading volume in energy markets after surging prices led to ballooning margin calls

Germany has unveiled an €8bn package, which comes in addition to prior bailout packages, with the objective to finance and acquire Uniper, as well as help it maintain operations, amid unstable gas supplies and soaring energy prices.

Deutsche ReGas has started building a 4.5 bcm/year LNG import terminal, named Deutsche Ostee, in Lubmin in the northeast of Germany.

Dutch Minister of Health, Welfare and Sport Ernst Kuipers has announced that money has been allocated for the construction of the Pallas reactor at Petten, in The Netherlands. The ministry reserves €30 million ($29.5m) for the project this year and €129 million a year from next year.

The Groningen gas field's output is due to be lowered to 2.8 bcm in the 12 months through to the end of September 2023, ahead of its planned closure at the end of that year.

Indian Oil Corp. issued an LNG tender seeking an Oct. 7-8 DES Dahej cargo, while GAIL issued a tender seeking four Oct. 1-Nov. 14 DES cargoes. The tenders closed Sept. 15.