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IEA says battery costs have plunged by 75% since 2015
You might have noticed that batteries are everywhere these days. They power phones and many other gadgets, but also more and more cars, bikes, scooters and vans.
Petrobras begins talks on long-term LNG deal with US suppliers
Brazil’s state-owned Petrobras is in the midst of discussions with US LNG suppliers on a long-term import agreement.
EU to soften gas storage rules to avoid price spikes
EU member states are considering softening the bloc’s binding gas storage targets in order to avoid sending gas prices soaring again ahead of what is anticipated to be a difficult year.
Eurasia will be key driver to global gas production growth over coming decades: GECF
The Eurasian region will be one of the key drivers of natural gas production growth over the coming decades, according to the latest outlook report by the Global Exporting Countries’ Forum.
West threatens to ratchet up sanctions on Russia to force a ceasefire in Ukraine
The G7 nations on March 14 stressed the need for strong and credible security arrangements to support any ceasefire between Russia and Ukraine, warning Moscow to match Kyiv’s willingness to halt hostilities or risk additional sanctions.
Environmental groups caution against overdevelopment of river resources in Central Asia
Call on international financial institutions to reevaluate projects.
The countries improving air pollution most – Statista
Countries in Central and Southeast Asia as well as in Eastern and Southern Europe have improved their air quality most since before the pandemic, a newly released report by IQAir among 93 countries and territories has found, Statista reports.
Belarus asks Russia for a second nuclear power plant
Belarus has formally requested Russia's assistance in building a second nuclear power plant within its borders as electricity consumption rises.
Global Solar Council forecasts Africa solar capacity to double in four years
The Global Solar Council (GSC) has released its Africa Market Outlook for Solar PV 2025-2028 with an in-depth analysis of the continent’s solar photovoltaic (PV) growth in the next four years.
US imposes sanctions Iran’s oil minister
The United States has imposed sanctions on Iran's Minister of Petroleum Mohsen Paknejad and several entities involved in transporting Iranian oil to China.
Iran expedites solar panel imports to tackle electricity blackouts
Iran is fast-tracking solar panel imports to expand its clean energy capacity as it grapples with a growing electricity shortfall.
Iranian petchem companies under fire for failing to return export proceedings
Iran’s petrochemical companies are being criticised by economic experts and the Central Bank of Iran (CBI) for failing to calm a hard currency crisis that has exacerbated the country’s inflation problem.
Saudi Aramco cuts crude prices for Asia
Saudi Aramco has reduced crude oil prices for Asian buyers for April following the decision by OPEC+ to increase oil supply this month, according to Arab News.
France’s Voltalia secures 25-year power deal for 526 MW hybrid project in Uzbekistan
Euronext-listed Voltalia inks agreement on sidelines of Uzbek President Mirziyoyev's official visit to Paris.
US will support Africa’s right to develop own energy resources, says energy secretary
The United States will support Africa’s right to develop its energy resources, according to Chris Wright, the US Secretary of Energy.
Nigerian's NMDPRA issues three refinery licences
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has issued licences to three oil companies for the construction of new refineries – expected to add around 140,000 barrels per day (bpd) to the country’s overall capacity.
African Energy Chamber to host webinar focused on Namibia’s exploration boom
The African Energy Chamber (AEC) is set to host a webinar focused on Namibia’s oil and gas exploration boom, organised in collaboration with Wood Mackenzie and Namibia’s Ministry of Mines & Energy.
TEHRAN BLOG: Iran faces perfect storm as energy crisis meets Trump's foreign policy
Iran's energy crisis could push the country over the edge, with the Trump administration well aware of the plight of the Islamic Republic.
COMMENT: Chevron’s Venezuela licence is gone. What happens next?
Trump's shock termination of Chevron's Venezuela licence threatens to destabilise an already fragile economy. The move could trigger currency collapse, disrupt global oil markets, and push more Venezuelans into exile.
Druzhba pipeline oil deliveries suspended temporarily due to drone strike, Hungarian FM says
Oil deliveries to Hungary via the Druzhba pipeline have had to be suspended temporarily on March 11 due to a Ukrainian drone strike on one of the pipeline’s measuring stations.
Indonesia’s $12.3bn crude oil corruption case that has rocked the public’s belief in government
The case involves the mismanagement of crude oil imports and exports, alleged fuel adulteration, and collusion between Pertamina executives and private contractors.
Shell launches fourth phase of deepwater Malaysian project
Shell has commenced production from Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East deepwater development off the coast of Malaysia.
EU proposes extending gas storage targets for another two years, member states seek flexibility
The European Commission proposed extending natural gas storage targets for another two years on March 5, meeting with resistance from some member states who have complained that the goals distort market prices and that greater flexibility is needed.
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