News
2024, June, 5, 06:50:00
RUSSIAN LNG FOR EUROPE
With piped gas supplies cut off after the war, imports of LNG from Moscow increased to around 18 billion cubic meters in 2023 from less than 14 billion cubic meters before the attack, according to EU data.
2024, June, 5, 06:45:00
GLOBAL ENERGY SYNERGY
The synergy between carbon-based fuels and renewables in energy trading, facilitated by innovative policies and supported by advanced software technology, offers transformative opportunities for the energy sector.
2024, June, 5, 06:40:00
GLOBAL IRRATIONAL ENERGY TRANSITION
The apparent enthusiasm of the UN and the governments of the developed nations for Net Zero by 2050 is not shared by the developing and not-yet-developing nations, which place higher priority on economic development, with little regard for the resulting greenhouse gas emissions.
2024, June, 5, 06:30:00
OPEC+ RUSSIA: 2025
Extend the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the DoC as per the attached table starting 1 January 2025 until 31 December 2025.
2024, June, 5, 06:25:00
U.S. WORSEN THE CLIMATE
In the end, it isn’t that complicated: If climate change is an existential risk, surging output of good, cheap Chinese EVs is a good thing.
2024, June, 5, 06:20:00
RUSSIAN NUCLEAR SMR FOR UZBEKISTAN
Rosatom Director General Alexei Likhachev said: "Rosatom has confirmed its undisputed global leadership in nuclear energy by signing the first-ever export contract for the construction of a small nuclear power plant. This is not just a preliminary agreement; we are starting construction this summer."
2024, June, 5, 06:15:00
RUSSIAN SMALL NUCLEAR FOR MYANMAR
In 2023, Rosatom and Myanmar’s Ministry of Science & Technology signed a Memorandum of Understanding (MOU) on nuclear infrastructure assessment and enhancement on the sidelines of the Russian Energy Week.
2024, June, 5, 06:10:00
MICRO NUCLEAR FOR NATO
The NATO Energy Security Centre of Excellence - located in Vilnius, Lithuania - is one of 28 NATO-accredited expert bodies that advise member militaries on strategy and technologies in particular fields.
2024, May, 28, 07:00:00
OIL PRICE: BRENT ABOVE $83, WTI NEAR $79
Brent ose 21 cents to $83.31 a barrel, WTI were at $78.90 a barrel.
2024, May, 28, 06:55:00
OPEC+ RUSSIA BALANCE
As part of the OPEC+ agreement and voluntary reductions taken by a number of countries, including the Russian Federation, production restrictions were extended to the second quarter of 2024.
2024, May, 28, 06:45:00
U.S. ENERGY DEMAND UP
Committee chairman Sen. Joe Manchin (D., W. Va.) and other members spoke about the grid needing to rely on fossil fuels longer than expected and attendant delays to the transition to emissions-free energy, upsetting a major part of President Biden’s climate change agenda.
2024, May, 28, 06:40:00
RUSSIAN URANIUM BAN PERMISSION
The Prohibiting Russian Uranium Imports Act was signed into law by President Joe Biden earlier this month and will go into effect on 11 August. The ban runs until the end of 2040, but the DOE may waive the ban, under certain conditions, to allow the import of limited amounts of material up until 1 January 2028.
2024, May, 28, 06:35:00
AUSTRALIAN ENERGY CRISIS
Australia stands on the precipice of an impending power shortage crisis, set to hit households and businesses along its eastern coastline by 2027.
2024, May, 28, 06:30:00
U.S. ENERGY STORAGE 1.5 TW
According to a 2021 McKinsey report, we’ll need more than 1.5 TW of long-duration storage by 2040 to maintain grid reliability.
2024, May, 28, 06:25:00
THE NEW FUSION RECORD
WEST’s latest campaign, which started in mid-January set a new plasma duration record of 6 minutes and 4 seconds, with an injected energy of 1.15 GJ, along with a steady-state central electron temperature of 4 keV (50m degrees Celsius), and an electron density twice that of discharges obtained in the tokamak’s previous configuration, Tore Supra.