The EU is boosting its LNG import capacity and is ready to welcome even more LNG cargoes this year and in the coming years, Maros Sefcovic, European Commission Vice President for Interinstitutional Relations and Foresight, said on Thursday. The EU will soon have 35 LNG regasification terminals, up from 27 currently, and the regasification capacity

Global energy-related carbon dioxide emissions increased by 0.9% to reach a new record high in 2022, although the pace of growth was lower than feared, the International Energy Agency (IEA) said in a new report on Thursday. Despite the coal-to-gas switching amid the energy crisis and soaring natural gas prices, the increase in CO2 emissions

· The CEO of Vitol Group believes oil prices could trade in the $90-$100 per barrel range in the second half of the year. · With oil demand set to rise by 2.2 million barrels per day this year while supply remains limited, there is a good chance of a price rally. · The Vitol

When will oil demand peak? It depends on who you ask. Fitch Solutions, for example, doesn’t see oil demand peaking within its forecast period, which runs to 2032, according to Emma Richards, an associate director of oil and gas at the company. “Based on the way that growth is trending, it’s likely that demand will

The inflection point for fossil fuel carbon dioxide (CO2) emissions is nigh, with emissions on track to peak by 2025, according to Rystad Energy research and analysis. On the current global pathway of announced policies, projects, industry trends and expected technological advancements, global CO2 emissions are poised to hit about 39 gigatonnes per year (Gtpa)

U.S. production capacity for renewable diesel could more than double from current levels by the end of 2025, based on several announcements for projects that are either under construction or could start development soon. Two factors behind growing U.S. renewable diesel capacity are rising targets for state and federal renewable fuel programs and biomass-based diesel

Europe’s benchmark gas prices have rebounded this week as traders closed short positions at the expiry of the front-month contract and some weather forecasts suggested colder weather in northern and central Europe next week than previously expected. The Dutch TTF benchmark price jumped by 11% at over $65 (60 euros) per megawatt-hour (MWh) at the

The American Petroleum Institute (API) reported a build this week for crude oil of 3.645 million barrels, while analysts predicted a draw of 733,000 barrels. The build comes as the Department of Energy released 7.5 million barrels from the Strategic Petroleum Reserves in the week ending September 2, leaving the SPR with just 442.5 million

US shale oil drillers continue to show little sign of responding to high global prices with more production, only now it’s not just their focus on rewarding shareholders that’s holding them back, but also a preoccupation with soaring costs. The combined oil and gas production forecasts from a dozen companies that have reported second-quarter results

Gansu Tengxing Biological Factory is located in Lanzhou National Chemical Park, which is a new integrated production base built and operated by Nanjing Tengxiang. The factory integrates R&D, production and storage, and has many independent production workshops, special R&D laboratories,warehouse of raw and auxiliary materials and finished products,and commercial production lines with annual production capacity