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Gazprom says it will use windfall gas crisis cash to up boost capex

Capital spending levels at Russia’s Gazprom are once again creeping upwards, as the company prepares to ramp up gas supplies to China and expand development in the Russian Arctic.

Kazakhstan looks to nuclear amid crypto-driven energy shortage

The country no longer has a choice, the president says.

Moldova disburses €70mn from state budget to pay gas bill to Gazprom

Russian gas major had threatened to switch off gas supplies to Moldova over unpaid gas bill.

Braskem Idesa JV sees US ethane imports reach record high in September

Braskem Idesa (BI), the Brazilian-Mexican joint venture that owns the Nanchital petrochemical complex in Veracruz State, reported recently that it had seen ethane import volumes climb to an all-time high in September of this year.

AsiaElec: Electricity demand in SE Asia to rise in 2021

Electricity demand in Southeast Asia is likely to increase in 2021, following slow growth or contraction in 2020, thanks to state support that has mitigated the impact of pandemic on power consumption, Fitch Ratings says in a new report.

Bosnia risks running out of coal as miners refuse to return to work

Miners have gone home after two days of protests in Sarajevo, but say they won't return to the mines until their demands are met.

AfrElec: India’s JSPL to build coal mine in southern Africa

REM: Wind power must not become too cheap, says leading turbine maker

Wind power could become too cheap, trimming the profit margins of component manufacturers too much, said Andreas Nauen, chief executive of Siemens Gamesa, in an interview in Copenhagen with Reuters.

A new business proposition for IOCs working in Africa

Norway’s EW&P shows interest in helping Africa’s oil-producing states use associated gas to power data centres on offshore drilling platforms.

TotalEnergies ready to invest billions of dollars in Libyan projects

TotalEnergies (France) has announced plans to invest billions of dollars in Libya’s oil industry, which has succeeded in boosting production levels considerably since the signing of a ceasefire agreement last year.

ENERGO: French Akuo Energy SAS set to build €270mn solar power park in North Macedonia

Ukraine asks Gazprom to extend gas transit deal for 15 years

Ukraine has asked Russia’s gas behemoth Gazprom to extend the current gas transit deal that expires in 2024 for another 15 years and has offered to cut transit fees in half.

LatAmOil: Braskem Idesa JV reports US ethane imports up in September

Braskem Idesa (BI), the Brazilian-Mexican joint venture that owns the Nanchital petrochemical complex in Veracruz State, saw ethane import volumes climb to an all-time high in September of this year.

AfrOil: TotalEnergies ready to invest billions in Libyan projects

TotalEnergies (France) has announced plans to invest billions of dollars in Libya’s oil industry.

MEOG: A flurry of contract awards

DMEA: Downstream deals and progress

AsianOil: Woodside takes FIDs on Scarborough and Pluto LNG 2

Australia’s largest oil and gas producer Woodside has reached final investment decisions for both the Scarborough gas field development as well as the expansion of the Pluto liquefied natural gas facility.

NorthAmOil: US confirms co-ordinated SPR release

The US announced this week that it would release 50mn barrels of crude from its strategic petroleum reserve (SPR). The move will be co-ordinated with China, India, South Korea, Japan and the UK in a bid to provide relief from high oil prices.

GLNG: LNG trade booms ahead of winter

The global LNG trade is booming ahead of the Northern Hemisphere winter.

EurOil: Shell leaves the Netherlands

FSUOGM: Rosneft expands in German refining

Commercial activity in Turkey grinding to halt amid uncontrolled lira depreciation

Collapse of currency pushing up prices of imported raw materials. Fertilizer and other producers sitting on output as they cannot determine how prices will develop.

Russia’s Gazprom threatens to cut Moldova’s gas off in 48 hours over unpaid bill

Russia’s national gas company Gazprom warned the Moldovan government on November 22 it would cut off gas supplies unless an overdue payment for gas was settled within 48 hours.

bneGREEN: Russian metallurgical giants see growing demand for low-carbon metals

Metals demand is booming as increased use in transport products and energy transition projects to curb climate change begin to roll out in larger scale. And that is unlikely to stop anytime soon.

Serbia looks to nuclear as it embarks on green transition

Belgrade wants to increase energy security and is also exploring its options for reducing emissions.