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Putin: Russia Ready to Keep Gas Transit via Ukraine, but Kyiv Rejects Deal Extension

CDN and International News, Conventional Energy, Latest, Natural Gas / By

By Reuters MOSCOW, Oct 25 (Reuters) – Russia is ready to continue pumping gas through Ukraine after the current gas transit deal expires at the end of the year, but sees indications Ukraine may not be willing to extend the contract, Russian President Vladimir Putin said on Friday. Ukraine has already said it does not want …

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Equinor Sees Upward Gas Price Pressure, Lower Storages Next Year

CDN and International News, Conventional Energy, Latest, Natural Gas / By

(Reuters) – European gas prices are still subject to upward pressure due to rising demand in Asia and concerns over future supply of Russian and liquefied natural gas (LNG), the CEO of Norwegian oil and gas producer Equinor said on Thursday. “Winter is approaching, and European demand will depend on the weather and temperature. A …

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Global Energy Consumption Forecasting in the Age of Climate Change – Yogi Schulz

CDN and International News, Energy Commentary, Energy Topics & Technology, Environment, Forecasts, Latest / By

By Yogi Schulz Energy consumption forecasting has become more complex due to economic and population growth uncertainties. While the pace of the energy transition will not determine global energy consumption, it will determine the mix of various energy sources throughout the forecast period. Forecasting how the mix of various energy sources will evolve adds more …

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Producing Lithium Is Slow and Dirty. Is There a Fix?

CDN and International News, Critical Minerals, Energy Topics & Technology, Latest, Minerals / By

By Annie Lee Lithium ore at a mine in Minas Gerais state, Brazil.Photographer: Dado Galdieri/Bloomberg A substance seen as critical to the green energy revolution, lithium, is at risk of a future supply crunch. Even though a recent surplus of the metal has been crashing prices, demand for lithium is set to grow by almost …

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A Wind Power Crisis Is Holding Back the World’s Green Energy Goal

CDN and International News, Latest, Renewable Energy, Solar, Wind / By

While solar deployment is accelerating, bottlenecks in the wind industry are jeopardizing the chance to meet a global target to triple renewable capacity by 2030.  The world’s green power goal has a wind problem. At the COP28 climate talks in Dubai last year, leaders from more than 130 nations agreed to triple renewable power capacity by the end of the …

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The Secretive World of Russian Oil Tanker Insurance Revealed

CDN and International News, Latest, Oil / By

Insurers from Cameroon, Kyrgyzstan among firms covering fleet Western sanctions have forced tankers to operate in secret One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. The answer is that while some are still covered by the …

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The Climate Scientist Who Leads Mexico Is Betting on Decades of Fossil Fuel

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines / By

A new natural gas pipeline could help reduce poverty in the underdeveloped Yucatan — but it poses a challenge to Sheinbaum’s push to cut emissions Under the crystalline waters off southeast Mexico, workers are laying a pipeline that President Claudia Sheinbaum is counting on to underpin an economic boom and lift millions from poverty. The $4.5 billion …

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Cuba Power Grid: How it Collapsed and What Comes Next

CDN and International News, Electricity Grid, Energy Topics & Technology, Latest / By

(Reuters) – Cuba’s national grid collapsed on last Friday, leaving the entire population of 10 million people without electricity and underscoring the precarious state of the Communist-run country’s infrastructure and economy. Restoration of service is under way but long-term challenges will remain. WHY DID THE GRID COLLAPSE? Cuba’s electrical grid and oil-fired power plants are …

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Repsol Freezes Green Hydrogen Projects in Spain

CDN and International News, Energy Topics & Technology, Hydrogen, Latest / By

MADRID, Oct 21 (Reuters) – Spanish oil major Repsol has put on hold planned green hydrogen projects in Spain with an electrolysis capacity of 350 megawatts (MW) due to an unfavourable regulatory environment, a spokesperson told Reuters on Monday. The company had already warned that regulatory uncertainty, including the possibility that a windfall tax on energy companies and …

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