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Italy strengthens its energy cooperation with Azerbaijan by supplying 4 gas turbines for more than 160 million euros. This major agreement marks the diversification of Italy's energy supplies and its independence from Russia.
Italy strengthens its energy cooperation with Azerbaijan by supplying 4 gas turbines for more than 160 million euros. This major agreement marks the diversification of Italy's energy supplies and its independence from Russia.
Gas consumption in France has recorded a significant decrease of 6.2% in 2022 compared to 2021. This decrease is the result of consumers' sobriety efforts as well as high gas prices. The decrease is even more notable when weather conditions are taken into account, amounting to 9.3% for a total consumption of 430 TWh. However, this decline was largely mitigated by the high use of gas in power plants, which increased by 54.4% to 61 TWh for the year.
Gas consumption in France has recorded a significant decrease of 6.2% in 2022 compared to 2021. This decrease is the result of consumers' sobriety efforts as well as high gas prices. The decrease is even more notable when weather conditions are taken into account, amounting to 9.3% for a total consumption of 430 TWh. However, this decline was largely mitigated by the high use of gas in power plants, which increased by 54.4% to 61 TWh for the year.
Oil prices took a breather Thursday after a three-session run-up. Recovering demand in China remains the main driver of higher prices, but concrete signs of recovery are uncertain due to a new wave of contamination in Covid-19. In addition, demand for oil in the United States, the largest consumer of crude oil, is declining and is "a major problem".
Oil prices took a breather Thursday after a three-session run-up. Recovering demand in China remains the main driver of higher prices, but concrete signs of recovery are uncertain due to a new wave of contamination in Covid-19. In addition, demand for oil in the United States, the largest consumer of crude oil, is declining and is "a major problem".
Today, Global Bioenergies focuses on the production of isobutene for the cosmetics industry and for sustainable aviation fuels. The start-up aims to open a new plant in 2025 to produce 2,000 tonnes a year, and to finance a site dedicated to sustainable aviation fuels by 2028.
Today, Global Bioenergies focuses on the production of isobutene for the cosmetics industry and for sustainable aviation fuels. The start-up aims to open a new plant in 2025 to produce 2,000 tonnes a year, and to finance a site dedicated to sustainable aviation fuels by 2028.
BP is finalizing the purchase of Archaea Energy, a leading supplier of renewable natural gas (RNG) in the United States. This marks an important step in the growth of its strategic bioenergy business.
BP is finalizing the purchase of Archaea Energy, a leading supplier of renewable natural gas (RNG) in the United States. This marks an important step in the growth of its strategic bioenergy business.
Indonesia approves the first development plan for the Tuna offshore gas field. With an estimated total investment of $3.07 billion until production begins. The project is expected to assert Indonesia's sovereignty in the South Sea, which is subject to numerous tensions with China.
Indonesia approves the first development plan for the Tuna offshore gas field. With an estimated total investment of $3.07 billion until production begins. The project is expected to assert Indonesia's sovereignty in the South Sea, which is subject to numerous tensions with China.
Bulgaria will have access to the gas infrastructure of its Turkish neighbor, allowing it to diversify its supply from Russian gas.
Bulgaria will have access to the gas infrastructure of its Turkish neighbor, allowing it to diversify its supply from Russian gas.
Argentina will receive less Bolivian gas next winter, while Bolivia was expected to send about 14 million cubic meters of natural gas following an agreement. Argentina is turning to alternative supplies such as the Vaca Muerta shale formation. The formation could become a key global gas supplier.
Argentina will receive less Bolivian gas next winter, while Bolivia was expected to send about 14 million cubic meters of natural gas following an agreement. Argentina is turning to alternative supplies such as the Vaca Muerta shale formation. The formation could become a key global gas supplier.
Following the announcement of the cessation of marine war insurance, British reinsurers granted Japan 30 billion yen until March. The aim is to secure fuel imports from Japan via Sakhalin-2 in the Russian Far East at the height of winter demand.
Following the announcement of the cessation of marine war insurance, British reinsurers granted Japan 30 billion yen until March. The aim is to secure fuel imports from Japan via Sakhalin-2 in the Russian Far East at the height of winter demand.
In Japan, ship insurers announced that they were cancelling coverage for war risks in Russia, Ukraine and Belarus. The announcement comes after reinsurers withdrew from the region in the face of significant losses.
In Japan, ship insurers announced that they were cancelling coverage for war risks in Russia, Ukraine and Belarus. The announcement comes after reinsurers withdrew from the region in the face of significant losses.