As the cleanest hydrocarbon fuel, natural gas is seen as the perfect solution that strikes the right balance, and will continue to play a key role in the future energy mix.

Further in 2023, consumption is forecasted to increase by up to 1.1% driven by China, South and South East Asia and the Middle East.

Brent fell $1.03, or 1.1%, to $92.49 a barrel, WTI were down 75 cents, or 0.9%, to $84.57.

The other cap in the mix is one to limit the price of gas used in electricity generation, which is backed by a vociferous group of member states.

During the consultation the government is seeking opinions and recommendations on three major issues: how energy consumption can be adapted in order for France to reach climate neutral by 2050; how energy demand can be met whilst reducing dependency on fossil fuels; and how to plan, implement and finance the energy transition.

Saudi Arabia previously signed in February 2019 several memorandums of understanding for an investment of US$21bn in various sectors of the Pakistani economy, including for the project of a deep conversion refinery and petrochemical complex with an investment of US$12bn.

China’s offshore wind capacity stood at 26.4 GW by end-2021. This is the world's largest offshore wind installed capacity, followed by the United Kingdom (12.7 GW).

The Darlington New Nuclear Project will be a 300 MWe small modular reactor (SMR), which is to be built next to OPG's existing Darlington nuclear power plant in Clarington, Ontario.

In March 2021, scientists at DIII-D released a new concept for a compact fusion reactor design they said could help define the technology necessary for commercial fusion power.

Brent fell by $1.30 to $91.96 per barrel, WTI fell by $1.24 to $83.34 per barrel.

China's crude imports from Russia have continued to stay elevated through 2022, averaging at 1.71 million b/d over January-August, up 7.3% year on year, according to customs data.

Lesson one is that energy security and energy transition must be in balance to sustain energy systems that are also affordable.

Caps on gas prices top the political agenda in Europe as governments seek to rein in an unprecedented energy crisis triggered by a cut of gas shipments by Russia, the continent’s former biggest supplier.

Coking coal imports from Russia jumped to 2.5 million tons in September, from about 900,000 tons in the same month last year and 1.9 million tons in August, according to Chinese customs data.

The current situation, rather than “making green energy so cheap that eventually everyone will want it”, is making green energy so expensive that eventually no one will want it.