BERLIN, Feb 22 (Reuters) – Germany is unlikely to face gas shortages this winter and should stop converting floating liquefied natural gas (LNG) terminals to fixed terminals, according to a study by the economics institute DIW published by Reuters. Wednesday. In the most likely scenario, Germany will have sufficient stocks of around 87 billion cubic … Read more
BUCHAREST, Feb 21 (Reuters) – Energy diversification projects, such as a plan to lay an electric cable under the Black Sea to bring Azerbaijan’s electricity to the European Union, have a better chance of being implemented after Russia’s war in Ukraine, a Romanian deputy said on Tuesday Minister of Energy. The EU state of Romania … Read more
The fall in LNG imports hit the energy supply Power supply problems to worsen in 2023 Weak currencies of Pakistan and Bangladesh undermined import opportunities Curbs and power outages hurt malls and manufacturers LAHORE, Pakistan/DAKA, 20 Feb. (Reuters) – With just over a month left before the peak shopping season during Ramadan, the head of … Read more
LONDON, Feb 17 (Reuters) – Europe is coming to the end of winter with near-record volumes of gas in storage as industrial shutdowns, high prices and a milder-than-usual season. According to Gas Infrastructure Europe (GIE), combined stocks in the European Union and the United Kingdom were equivalent to 731 terawatt hours (TWh) as of February … Read more
NEW DELHI, Feb 13 (Reuters) – India’s market regulator told the country’s top court on Monday that it was looking into allegations leveled against Adani Group by US firm Hindenburg Research in a critical report. showed. The Securities and Exchange Board of India (SEBI) also said it was looking into market activity just before and … Read more
LONSSTON, Australia, Feb 13 (Reuters) – Thermal coal and spot liquefied natural gas (LNG) prices are falling in Asia as European and Chinese demand for fuel used to generate electricity and heat homes declines. The price of spot LNG for delivery to North Asia fell to $17 per million British thermal units (mm Btu) last … Read more
ROME, Feb 11 (Reuters) – Italy is set to sign a new contract to sell four gas turbines to Azerbaijan, Italy’s industry minister said on Saturday ahead of a visit to the Asian country, one of Rome’s most important energy partners. The deal will involve Italy’s Ansaldo Energia, a service provider for the electricity industry, … Read more
Feb 9 (Reuters) – Malaysian state-owned energy company Petronas (PETR.UL) is selling its 74% stake in South Africa’s largest gas station chain Engen to Vivo Energy. distribution companies. Without naming a price for the deal, Engen and Vivo, owned by global energy trader Vitol, said the combined group would have more than 3,900 filling stations … Read more
MOSCOW, Feb 9 (Reuters) – Five people, including a two-year-old child, were killed Thursday in a gas explosion at a residential building in the Siberian city of Novosibirsk, Russian media reported. The video published by the Russian Emergencies Ministry shows that part of the multi-storey residential building is badly damaged, the facade of the building … Read more
BENGALORE, 7 Feb. (Reuters) – Adani Green Energy, India (ADNA.NS)Adani Group’s renewable energy division on Tuesday reported more than a doubling in third-quarter earnings on strong electricity demand. Adani Green is one of several Adani Group companies at the center of the storm since January 24, when U.S. short-selling firm Hindenburg Research raised concerns about … Read more