Latest Stories

India unlikely to meet 175-GW green target in 2022

5 May 2022

India will probably fail to meet its 175-GW renewable energy target for the end of 2022, although it is more likely to meet its 450-GW target for 2030.

Gunvor secures long-term deal with Energy Transfer for US LNG

5 May 2022

Swiss-based commodity trader Gunvor is to buy 2mn tonnes per year of LNG from Energy Transfer's proposed Lake Charles LNG export terminal.

NextDecade strikes offtake deal with Engie at last

5 May 2022

US LNG developer NextDecade reached an agreement this week to supply LNG to French utility Engie. The deal signals a change in course for Engie, which had previously backed out of talks over a supply deal with NextDecade.

EU softens stance on long-term LNG supply deals

5 May 2022

The EU is softening its stance on long-term LNG supply deals as it urgently seeks alternatives to Russian gas, having previously been more resistant to ongoing commitments to buy fossil fuels.

ExxonMobil announces exit from Romania

5 May 2022

ExxonMobil has agreed to sell its Romanian upstream business to Romgaz for more than $1bn.

African Energy Chamber to launch Hydrogen Summit at African Energy Week 2022

5 May 2022

The African Energy Chamber (AEC) has announced the launch of the Hydrogen Summit at the AEC’s annual conference, African Energy Week (AEW) in Cape Town in October 2022

Addis Ababa warns of increasing cyber-attacks targeting Grand Ethiopian Renaissance Dam

5 May 2022

Ethiopian authorities claimed they had stopped international cyber-attack attempts targeting the Grand Ethiopian Renaissance Dam (GERD) and the country's major financial institutions

Serbia to get Europe's largest agro-solar plant

5 May 2022

Fintel Energija and MK Group signed a memorandum of understanding with PowerChina on the €340mn Agrosolar project in Kula.

Hungary says it would veto EU’s Russian oil embargo in current form

5 May 2022

Budapest still blocking EU consensus despite being offered extension until end of 2023.

Czechs join Slovakia and Hungary in demanding exemption from EU embargo on Russian oil

5 May 2022

Heavily-dependent states will be allowed to buy Russian oil exports until the end of 2023, while other states have to cease crude deliveries in six months.