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Energo: Ukrainian PM says energy situation ‘extremely difficult,’ revises lost capacity estimate to 9 GW
Hungary’s MVM Group acquires 5% stake in Shah Deniz gasfield in Azerbaijan
The 5% stake would translate into an annual supply of 1.5 bcm of natural gas for Hungary.
World to miss goal of tripling renewables by 2030, says IEA
New analysis from the International Energy Agency (IEA) finds that countries will miss the COP28 goal of tripling global renewables capacity by 2030.
The Caspian Sea to shrink by a third due to global warming
The Aral Sea has gone. The Caspian Sea may be next. Global warming will see its level fall by up to 18 metres and reduce its surface area by a third thanks to global warming.
AfrOil: Perenco’s offshore DRC subsidiary announces first oil discovery in three decades
Slovenia plans tough new energy and climate targets
Draft new National Energy and Climate Plan proposes higher targets for emissions reduction, renewable energy sources and energy efficiency by 2030.
India halts Venezuelan oil imports amid US sanctions
India ceased oil purchases from Venezuela last April, coinciding with the United States' decision not to extend sanctions relief on Venezuelan crude, according to the spokesperson for Indian Foreign Minister Randir Jaiswal.
Southeast European countries look to Algeria to diversify energy supplies
Both Slovenia and Croatia are tapping Algeria for gas imports as the country becomes an important supplier to southern Europe.
MEOG: Riyadh plans Aramco share sale
World Bank allocates $13.6mn as early-stage funding for project to build $5bn Kambarata hydro plant
Russian engineers to switch on Turkey’s first nuclear plant within a year
After missing 2023 launch window during Turkish centennial celebrations, Russia’s Rosatom will hope to see the facility go live successfully by next April.
Developed world countries gave developing countries more than $100bn to tackle climate change for the first time in 2022
Developed countries provided $115.9bn in climate finance to developing nations in 2022, exceeding the $100bn annual commitment for the first time, according to data from the OECD.
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