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Poland’s Orlen paid $400mn to scammers for oil that never arrived
'National champion' oil group humiliated by deal with unchecked middleman in scandal that only emerged after dismissal of CEO appointed by PiS government.
Russian coal exports barely break even
Export prices for Russian thermal coal have fallen to their lowest since 2021 due to low demand in major export markets that are being served from the Far Eastern ports. The export price for coal has declined by 6%-13% year to date.
Lukoil expands in Kazakhstan
Lukoil is expanding its oil and gas operations in Kazakhstan, amid limited overseas opportunities for the company because of Russia’s increased international isolation.
MOL opens largest green hydrogen plant near Budapest in CEE region
Hungarian oil and gas giant MOL has inaugurated one of Europe's largest green hydrogen plants and the biggest in CEE to support refinery operations at its facility south of Budapest from a €22mn investment.
IEA: Methane emissions at an all-time high need to be reduced by 75% by 2030 at a cost of $170bn
Methane emissions are 80 times more damaging than carbon dioxide. Rather than falling, they are currently at an all-time high and rising. The IEA says they need to fall by 75% by 2030 if the Paris Accord targets are going to be met.
Ghana’s Tema Oil Refinery denies alleged Chinese takeover push amid whistleblower claims
TOR, a 45,000-bpd facility, has been plagued by issues since an explosion at its crude distillation unit in early 2017 and was closed completely between July 2020 and January 2021. TOR denies having held talks with China's Senuto
China moves past India as top importer of Russian crude via sea
China has emerged as the foremost purchaser of Russian seaborne crude, outstripping India's import volumes, according to data from energy cargo tracker Vortexa
E.ON building big solar farm for BMW's Hungarian EV plant
BMW is building a €1bn vehicle plant and a €1bn battery plant in Hungary's fastest-growing industrial hub.
Disrupted refining boosts Russian oil exports in March
Russian oil companies significantly increased offshore oil exports to 3.8mn barrels per day in March 2024 amid refinery utilisation problems, up by 5% year on year and making the highest oil exports since May 2023.
Polish energy stocks fall after government hints at dropping plan to carve out coal assets
Industry minister says new plan is to link coal-fired power plants with specific mines instead.
GLNG: PetroChina to expand LNG fleet fourfold
Chinese investment in electrochemical energy storage facility breaks ground in Uzbekistan
Less than 60 companies linked to 80% of GHG emissions since 2016
Just 57 fossil fuel and cement producers were responsible for 80% of global fossil CO2 emissions since the Paris Agreement, says a new report.
US Treasury Secretary won’t rule out tariffs on China’s green exports, EU launches probe
US Treasury Secretary Janet Yellen, while visiting China, said she will not rule out more tariffs on China’s green exports such as solar products and electric vehicles.
Levels of the three most dangerous human-caused GHGs at record highs
Concentrations of CO2, methane and nitrous oxide climbed to record levels in the global atmosphere in 2023, contributing ever more to the climate crisis. This is according to scientists from the US National Oceanic and Atmospheric Administration.
Europe exits the winter heating season with record gas stocks
The EU has exited the heating season with a record volume of gas in storage, following another mild winter and as a result of reduced industrial demand and a concerted effort by policymakers to boost stockpiles.
Grid bottlenecks on the way in Europe?
A new analysis by the energy think-tank Ember has found that several countries in Europe could soon face bottlenecks in their national transmission energy grids, as more solar and wind power will be generated than these networks have capacity for.
Azerbaijan doubles down by expanding gas exports to Europe
Azerbaijan is exporting more gas to Europe and Europe is keen to buy it. And as its own production of oil falls slowly it is repositioning itself as a major transit route for Kazakh oil, to allow it to reach the international markets.
Russia asks Kazakhstan for emergency fuel supply
Russia has requested that Kazakhstan be ready to provide it with 100,000 tonnes of gasoline in the event of shortages.
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