During an extreme heat wave in early September, the California power grid relied on natural gas for almost half of its electricity generation to meet peak demand, the U.S. Energy Continue Reading
The CEO of JP Morgan, Jamie Dimon, said that banks refusing to fund new oil and gas projects would be “the road to hell for America”. An unnamed senior executive Continue Reading
The Alaskan authorities distributed a check of over $3,000 to almost all residents of the state in payment from its investment fund that gets filled up from oil profits. Called Continue Reading
Geopolitical risk, inflation and banks’ focus on environmental criteria are creating headwinds to developing more natural gas liquefaction capacity at LNG terminals in the US, although commercial support for new Continue Reading
Germany on Wednesday agreed to nationalize Uniper, raising the bill to rescue the gas importer to 29 billion euros ($28.7 billion) amid an escalating energy crisis that shows just how Continue Reading
German natural gas import costs rose by 164% in the first seven months of 2022 from a year earlier, even though imports were down by 25.5%, official monthly data showed Continue Reading
EU plans to mandate a 5% reduction in peak hour energy demand will be a real test of resolve. Power generation technologies with lower generation costs than natural gas – Continue Reading
Thousands of people protested against soaring electricity prices and costs of living in the Belgian capital Brussels on Wednesday, following a similar protest the day before in Slovakia, and earlier Continue Reading
Highlights EC on standby to issue ‘union alert’ on gas demand: Zsigri Winter could become difficult, no room for complacency No final decision yet on scope of gas price cap Continue Reading
New York remains far and away the world’s most favored financial centre, with London still second and Singapore overtaking Hong Kong to come in third, latest rankings from the Global Continue Reading
