Latest Stories

Russian business leaders call for international co-operation at COP

19 November 2021

A panel of leaders from Russian and British companies have called for greater international collaboration during in a discussion which took place during the COP 26 climate conference in Glasgow.

South African Energy Minister Gwede Mantashe says he is willing to take his coal fight to court

18 November 2021

South African Energy Minister Gwede Mantashe has said that the government should go ahead with its plans to build 1,500 MW of new coal-fired capacity, despite South Africa’s headline $8.5bn climate finance deal at COP26 in Glasgow.

Equinor seals 3-GW offshore deal with South Korea’s EWP

18 November 2021

Norway's Equinor has signed an agreement with Korean East-West Power (EWP) to co-operate on offshore wind projects in South Korea.

IEA stresses efficiency improvement needed to reach net zero

18 November 2021

Rapid improvements in energy efficiency technology are needed to keep global climate pledges within reach, the International Energy Agency said in a recent report.

KEPCO, six subsidiaries announce complete exit from coal by 2050

18 November 2021

State-owned Korea Electric Power Corp. (KEPCO) and its six power generation subsidiaries said this week they would pursue a gradual but complete exit from coal by 2050.

Vietnam to give priority to renewables

18 November 2021

Vietnam expects solar power to account for 5.9% of power output by 2030 and 8.4% by 2045.

India’s coal consumption set to endure

18 November 2021

India’s dramatic intervention at COP26 to change “phase out” to “phase down” for coal cannot hide the country’ continued reliance on coal, with peak coal use in power generation not set to arrive until 2040.

Scandal over delayed payments grows as Ukraine’s Guaranteed Buyer confirms payment delay of debt to DTEK Renewables

18 November 2021

Ukraine’s state-owned Guaranteed Buyer (GarPok) that is responsible for paying power producers confirmed on November 16 it had delayed settling its green power debt with DTEK Renewables.

Morocco’s gas supply woes

18 November 2021

Against the backdrop of tight gas markets in Europe, Morocco has lost access to gas from Algeria, its main supplier.

Cairn India secures new upstream partnerships

18 November 2021

Indian independent Cairn Oil & Gas has signed services contracts with both Halliburton and Baker Hughes as it strives to boost its production and reserves.

Freeport LNG announces CCS plan amid news of stake sale

18 November 2021

Freeport LNG Development is partnering with Talos Energy to jointly develop a carbon capture and storage facility to serve its liquefaction terminal on the Texas Gulf Coast. The announcement comes as a 25.7% stake in Freeport changes hands.

FPRI BMB Ukraine: Ukraine facing a potential energy crisis this winter

18 November 2021

The geopolitical conflict over energy, particularly gas with the impending (though temporarily suspended) certification of Nord Stream 2, is spilling over into the coal and electricity sector, putting Ukraine on the verge of a potential energy crisis

Kenya to engage IPPs on energy costs

18 November 2021

Private firms generating electricity for sale to Kenya’s national grid are required to express to Ministry of Energy formal interest to negotiate sustainable energy innovations.