Consequently, Russia will increasingly rely on China and boost energy exports, particularly crude oil and natural gas, in 2025,

Our forecast Henry Hub natural gas spot price: Nov. 2024 average: ~$2.10/MMBtu Rest of winter average: ~$3.00/MMBtu

India's rising Russian imports have come at the expense of rival Middle Eastern producers. The Reliance-Rosneft deal would represent another challenge for competitors, including Saudi Arabia.

The investment is aimed at meeting climate change and energy security targets for the UK, delivering a pathway to net zero emissions and helping the UK reach its goal of a decarbonised electricity sector by 2030.

Gazprom, opens new tab said it would send 42.4 million cubic metres of gas to Europe via Ukraine on Thursday, the same volume it has shipped each day since Nov. 12.

The east-route pipeline is connected to the Power of Siberia pipeline which transports Russian gas to China. A second project, Power of Siberia 2, is currently under consideration and could have a capacity of 50 bcm/year.

This would put the UK's import levels at their highest since February, when it took 991,000 mt of LNG. The country has seen particularly low LNG demand since Q2 of 2024; however, that seems to be shifting as it procures more winter cargoes.

The global oil demand growth forecast for 2024 is revised down slightly by 107 tb/d from the previous month’s assessment to 1.8 mb/d, y-o-y.

Russian gas is still being sold in significant volumes to Slovakia and Hungary, as well as to the Czech Republic which does not have a direct contract. Smaller volumes are going to Italy and Serbia.

Geographic Information Systems (GIS) offer a transformative approach to managing these networks, providing a comprehensive, real-world model of assets and enabling better decision-making and operational efficiency.

The CFE's investment plan for this period consists of US$23.4bn, of which US$12.3bn correspond to new generation projects (13,024 MW), US$7.5bn to transmission infrastructure and US$3.6bn to distribution projects.

"We are ready to supply [gas], though little depends on us here. This is why agreements on that should probably be made directly by consumers and the country ensuring transit," Novak said on the sidelines of an event in Sochi.

The U.S. Department of Energy will allocate almost $2 billion for 38 projects that will directly focus on hardening the U.S. power grid.

The U.S. Department of Energy (DOE) announced nearly $2 billion for 38 projects that will protect the U.S. power grid against growing threats of extreme weather, lower costs for communities, and increase grid capacity to meet load growth stemming from an increase in manufacturing, data centers, and electrification.

DOE announced an investment of $1.5 billion in four transmission projects that will improve grid reliability and resilience, relieve costly transmission congestion, and open access to affordable energy to millions of Americans across the country.