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Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
The International Energy Agency has released a major report that found the world’s renewable capacity was up by half in 2023 and is currently growing at the fastest pace ever.
AfrElec: Planet One secures $52mn financing to develop 50-MW solar farm in Sierra Leone
Mongolia’s uranium exports are foreign policy gold
Mongolia’s deep and untapped uranium reserves are generating global interest, allowing the landlocked nation to richly diversify its diplomacy.
REM: Lobbying under way as US clean hydrogen rules in debate
Lobbying under way as US clean hydrogen rules in debate
A public hearing will be held in late March on the US Treasury Department’s new and controversial clean hydrogen guidance, unveiled just before Christmas. And fierce lobbying is now under way to try and influence the final rules.
ENERGO: More wind generation in Europe than coal, says Ember
Oil tanker reportedly diverted towards Iran by armed men near Strait of Hormuz
An oil tanker caught up in a dispute last year between the United States and Iran was boarded by armed individuals off the coast of Oman and appeared to have changed course towards Iran.
Turkmenistan: Swap stop
Gas swap deal with Azerbaijan, Iran suspended amid talks. Weaponising unemployment. Arkadag goes to Abu Dhabi. And more in this week's Eurasianet Akhal-Teke Bulletin.
TotalEnergies ups stakes in oil blocks offshore Namibia in farmout deal with Impact Oil & Gas
US to add significant new LNG capacity in 2024
The US leapfrogged Qatar and Australia to become the largest exporter of LNG in 2023 but it set to further its lead as several new export-oriented LNG trains come online in the next few years and win more market share for the US.
Commercial fusion reactors breakthrough expected in 2024
A breakthrough in producing power by fusion reactions is expected in 2024, according to S&P Global.
Speculator offloads Istanbul-listed Gubretas shares as price nosedives over Iran court dispute
Turkish regulator rejects fertiliser maker’s application to hike capital by 300%, citing uncertainties over provision for case targeting Iran-based unit Razi Petrochemical.
Azerbaijan appoints former oil executive as head of climate talks
Choice of Mukhtar Babayev, a former SOCAR executive, follows the contentious leadership of Sultan Ahmed al-Jaber from the UAE during last month’s COP28.
MEOG: Zion receives approval for recompletion work
FSUOGM: Novatek shares tumble after reports of force majeure delivery problems from Arctic LNG-2 in 2024
GLNG: US tops global LNG exports in 2023 with record year
Europe still hooked on Russian gas as US threatens to sanction LNG
Russian gas exports to Europe have tumbled since the Nord Stream 1&2 pipelines were blown up last September but EU imports of Russian LNG have jumped by 40% since the invasion of Ukraine and are currently at record levels.
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