2023

Starting in December, Japan will begin operating "Strategic Buffer LNG," or SBL, cargoes in order to be prepared for any supply issues, starting with a minimum of one LNG cargo a month during the country's peak winter demand months over December 2023-February 2024, with JERA having been approved Nov. 24 as the first supplier.

Right now, 6.3 million UK households are in fuel poverty, according to National Energy Action. That’s up from 4.5 million, recorded in October 2021, when Europe’s energy crunch began, it said. Over the last three months, millions have been using appliances like ovens or going to bed early to stay warm, the study showed.

Next generation AI solutions are quickly making their way from the test labs into utilities. These new tools will make it simpler for mobile service teams and remote employees to complete their work, boosting productivity and improving energy company efficiency.

Brent fell 37 cents, or 0.5%, to $80.21 a barrel, WTI were at $75.18 a barrel, down 36 cents, or 0.5%.

With global oil demand set to moderate in the first quarter of 2024, the OPEC+ alliance appears set to extend its production cuts, though the duration is yet to be determined, analysts say. As well, deeper cuts could be considered, some OPEC+ officials have hinted.

Europe will need to invest 584 billion euros ($637 billion)to upgrade its power grids this decade, according to European Union estimates.

Nuclear had only partially been included in the commission's proposal for NZIA. Among the 10 technologies it proposed was "advanced technologies to produce energy from nuclear processes with minimal waste from the fuel cycle, small modular reactors, and related best-in-class fuels".

France aims to reduce its final energy consumption by 30% in 2030 to 104 Mtoe (from around 143 Mtoe in 2022, according to first estimates), compared to 2012, and to reach a primary energy consumption of 157 Mtoe in 2030 (from 212 Mtoe in 2022).

Among the areas for cooperation, the partnership will see the UK and Korea commit to strengthening cooperation on civil nuclear, including on large-scale, small-scale and advanced reactors, decommissioning and waste management, and supply chains.

The inclusion of development projects in Mpumalanga is an attempt to cushion that region from the economic impact of facilities closing down. Almost all of South Africa’s electricity — more than 80% of which comes from coal — is generated in the province.