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Bangladesh’s power sector at a crossroads
With the Middle East in turmoil, the new Bangladesh government faces a critical moment in its power and energy landscape.
Kazakh oil export headache worsens as Ukraine targets drone attacks at Russian Baltic ports
Already facing difficulties with Black Sea shipments, Kazakhstan now has a problem with northern route.
South Africa warns against panic buying as fuel supply fears grow
The South African government has moved to calm fears surrounding fuel supplies as the war with Iran rages on, noting that the country had enough capacity in reserve to last until April.
Saudi Arabia boosts Red Sea oil exports to 4.4mn b/d
Saudi Arabia has sharply increased crude exports from its Red Sea terminals at Yanbu as it diverts shipments away from the Persian Gulf and the Strait of Hormuz, where flows have been severely disrupted since late February, according to Bloomberg.
Venture Global, Vitol sign LNG offtake agreement
US LNG producer Venture Global and commodity trader Vitol have signed a new binding five-year LNG offtake agreement.
Putin warns Russian business not to squander 'Iran war' oil windfall
Putin has warned Russian businesses not to fritter away oil windfall profits as commodity prices surge amid the Middle East conflict, cautioning that market conditions could reverse sharply.
Coastal GasLink, LNG Canada sign agreement ahead of potential second phase
Pipeline operator TC Energy's Coastal GasLink unit has entered into commercial agreements with LNG Canada ahead of a potential second phase for both projects.
Nigeria’s Dangote Refinery benefits from Middle East war as fuel imports dry up
Nigeria’s 650,000 barrels per day (bpd) Dangote Refinery is gaining leverage as the war with Iran continues in the Middle East, providing petrol for countries across Africa as imports dry up.
Italy, Spain race to secure Algerian gas amid Middle East crisis
Italian PM Giorgia Meloni is seeking to boost gas flows from Algeria, as Italy, along with Spain, competes to secure alternative energy supplies from North Africa, following disruptions in Middle Eastern exports
Extreme heat will kill more people in poor countries than the rich
Poorer countries are projected to suffer sharply higher mortality from the increasing frequency of extreme heatwaves than wealthier nations, with death rates potentially rising by as much as tenfold.
China becoming the first Electrostate
China is well on the way to becoming the world's first “Electrostate”. The nature of the global economy is changing. The carbon-based economy that has dominated since the industrial revolution giving away to a silicon-based economy.
Dutch gas reserves slump to lowest level since 2018
The Netherlands’ gas in storage has dropped to its lowest level in eight years, as Europe continues withdrawing stockpiles despite warmer weather.
US quietly ships 30,000 barrels to Cuba's private sector as state blockade holds
The United States has exported roughly 30,000 barrels of fuel to Cuba's private sector since early February, Reuters revealed, disclosing for the first time a carve-out that allows private Cuban firms to receive US supplies amid an oil blockade.
Hormuz closure threatens global chemicals supply chains, Fitch warns
Fitch warns a prolonged Hormuz closure threatens global chemicals supply chains, with force majeure declarations already emerging and material credit risks building across Gulf, European and Asian producers.
Venezuela's two most powerful women pitch competing visions to investors
Venezuela's acting president Delcy Rodríguez is due to address an international investment summit in Miami on March 25, a day after opposition leader María Corina Machado made her own appeal to the energy industry at a separate Houston conference.
Losers and winners from the Qatari LNG disruption
While European and Asian importers have been hit hard by the disruption in Qatari LNG to varying degrees, the crisis has both short- and long-term benefits for US exporters and other LNG competitors.
Iran tells ‘non-hostile vessels’ they can pass through Strait
Tehran has formally notified the International Maritime Organization (IMO) that “non-hostile vessels” may now navigate the Strait of Hormuz, provided they act “in co-ordination with Iranian authorities”.
Egypt plans LNG imports worth up to $3bn ahead of summer demand
Egypt’s Ministry of Petroleum and Mineral Resources is currently studying a plan to import around 45 liquefied natural gas (LNG) cargoes at an estimated cost of between $2.5bn and $3bn.
The Philippines declares national energy emergency
The Philippines has declared a nationwide energy emergency, becoming the first country to take such a step in response to disruptions caused by the ongoing conflict involving Iran.
Bangladesh nears launch of first nuclear power plant
Bangladesh is set to bring its first nuclear reactor online within months, marking a long-delayed milestone as the country struggles with severe energy shortages linked to disruptions in the Middle East.
Libya begins towing damaged Russian LNG tanker off its coast
Libya has begun operations to tow a damaged Russian liquefied natural gas (LNG) tanker that has been stranded off its coast since early March
Iranians freeze gas supplies to Turkey following Israeli strike on South Pars
Ankara yet to comment on whether it could face significant gas shortages.
Kazakhstan cancels contract with Shell and Eni
State takes charge of building processing facility at Karachaganak field.
ADNOC restarts Habshan gas plant while LNG export disruptions continue
The United Arab Emirates has resumed operations at its largest gas processing facility following an attack that halted output, even as exports of liquefied natural gas remain severely constrained by disruption in the Strait of Hormuz.
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