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IRAN Energy News Agency 📬 Office: Unit 32. No 26. Dr Mossadegh St. Mirdamad St. Tehran. Iran ☎️ Tel: +98-2126413997 https://en.iranenergy.news
Canada’s Role in Global Energy Supply Critical for U.S.
RBC CEO Dave McKay believes Canada plays a critical role in the energy security of the United States, especially when it comes to supplying oil and gas to Asia. Speaking in Toronto, McKay highlighted that while the U.S. focuses on "Buy American," they rely on Canadian energy to meet global demands. The United States needs…
https://en.energytoday.ir/canadas-role-in-global-energy-supply-critical-for-u-s/
Germany Calls on EU to Extend Transition Period for Green Hydrogen Rules
Germany is seeking an EU delay to some of the rules on green hydrogen production to allow the industry to take off and produce clean hydrogen at lower costs, Germany’s Economy Minister Robert Habeck wrote this week in a letter to EU Energy Commissioner Kadri Simson seen by Bloomberg. The EU and Germany are betting…
https://en.energytoday.ir/germany-calls-on-eu-to-extend-transition-period-for-green-hydrogen-rules/
Bill Gates and Jeff Bezos Back White Hydrogen Startup
Investors have been talking about the huge potential of green hydrogen – hydrogen produced through electrolysis powered by renewable energy sources – for several years now. It is thought to be the clean fuel of the future, supporting the decarbonisation of hard-to-abate industries such as shipping, aviation, and manufacturing. However, recently, investor interest has been…
https://en.energytoday.ir/bill-gates-and-jeff-bezos-back-white-hydrogen-startup/
Russia’s Fuel Exports Rise by 10% in September
Russian petroleum product exports jumped by 10% in the first half of September compared to August as diesel and fuel oil shipments recovered from last month’s multi-month lows, data from analytics firm Vortexa compiled by Bloomberg showed on Friday. Refining rates in early September improved from August and so did exports of diesel and fuel…
https://en.energytoday.ir/russias-fuel-exports-rise-by-10-in-september/
Turkey Signs 10-Year LNG Supply Deal with TotalEnergies
Turkey’s ambitions to become a regional gas hub just received a fresh boost after the country signed a 10-year agreement with French energy giant TotalEnergies (NYSE:TTE), Turkey’s Daily Sabah reported on Wednesday. Under the terms of the deal, the oil and gas supermajor will supply Turkish state energy firm BOTAS with 1.1 million metric tons…
https://en.energytoday.ir/turkey-signs-10-year-lng-supply-deal-with-totalenergies/
China’s Coal Power Generation Returns to Growth
China saw in August the first increase in coal-fired power generation in four months as coal remains a vital part of the system despite soaring output from clean energy sources and a growing share of renewables in the electricity mix. China’s electricity output from thermal sources – which are predominantly coal-fired – increased by 3.7%…
https://en.energytoday.ir/chinas-coal-power-generation-returns-to-growth/
Turkmenistan’s High Gas Prices Hinder Export Deals
https://en.energytoday.ir/turkmenistans-high-gas-prices-hinder-export-deals/
France’s Electricity Prices Turn Negative amid Poor Demand
Power prices in France turned negative for hours on Tuesday morning amid tepid demand in a struggling economy and increased renewables generation. French intraday power prices traded at as low as -$22.25 (-20 euros) per megawatt-hour (MWh) on the Epex Spot exchange, according to data compiled by Bloomberg. So far this year, France’s power demand…
https://en.energytoday.ir/frances-electricity-prices-turn-negative-amid-poor-demand/
U.S. Natural Gas Power is Booming Thanks to AI
U.S. power-generating companies are announcing plans for the highest volume of new natural gas-fired capacity in years as the AI boom is driving demand for electricity. During the first half of 2024, electricity-generating firms unveiled plans for the new gas-powered capacity equal to all capacity announced in 2020, according to data from Sierra Club cited…
https://en.energytoday.ir/u-s-natural-gas-power-is-booming-thanks-to-ai/
Nuclear Power Surpasses Fossil Fuels in South Korea’s Energy Mix
This year, nuclear power has generated more electricity in South Korea than either coal or natural gas for the first time ever, achieving a milestone in one of the world's top importers of fossil fuels. Nuclear power accounted for 32% of South Korea's electricity generation mix in the first half of 2024, ahead of coal…
https://en.energytoday.ir/nuclear-power-surpasses-fossil-fuels-in-south-koreas-energy-mix/
Italy Backs Energy Transition Funding for Developing Economies
Developed economies with higher per-capita emissions could help developing economies to transition away from fossil fuels and accelerate clean energy rollout, Fabio Panetta, the governor of Italy’s Central Bank, said on Monday. The plan would help reduce the overall cost of the energy transition globally, Panetta said at a G7 - IEA Ensuring an Orderly…
https://en.energytoday.ir/italy-backs-energy-transition-funding-for-developing-economies/
Indonesia’s Green Energy Ambitions Hindered by Lack of Climate Finance
Indonesia is the world’s biggest producer of coal, and the world’s 5th largest consumer of the dirtiest fossil fuel. Since 2001, according to figures from the International Energy Agency (IEA), coal production in Indonesia has climbed by 558%, domestic coal consumption has risen 494%, and coal exports have skyrocketed by a whopping 608%. Weaning Indonesia…
https://en.energytoday.ir/indonesias-green-energy-ambitions-hindered-by-lack-of-climate-finance/
Brazil and Chile Lead Latin America’s Green Energy Revolution
While Latin America and the Caribbean have shown the slowest growth in terms of energy transition in the last decade, Brazil and Chile performed extremely well, ranking in the top 20 performers worldwide, according to the World Economic Forum’s 2024 Fostering Effective Energy Transition Report. Both Latin American countries now have a diverse energy mix,…
https://en.energytoday.ir/brazil-and-chile-lead-latin-americas-green-energy-revolution/
Iran Remains OPEC 3rd Biggest Oil Producer in August
The Organization of Petroleum Exporting Countries (OPEC) in its latest report has said Iran produced 3.277 million barrels per day (bpd) of crude oil in August, registering a 4,000-bpd increase compared to the previous month. As reported, Iran has maintained its place as OPEC’s third-biggest oil producer after Saudi Arabia and Iraq. Based on secondary…
https://en.energytoday.ir/iran-remains-opec-3rd-biggest-oil-producer-in-august/
Australia Unveils $50 Billion Plan to Lead Global Green Hydrogen Market
Australia looks to develop domestic green hydrogen industry and export clean hydrogen in a bid to become a global hydrogen leader, the government of one of the world’s top LNG exporters said on Friday. The Australian government today published its new National Hydrogen Strategy, which identifies objectives and actions to take and underpin delivery of…
https://en.energytoday.ir/australia-unveils-50-billion-plan-to-lead-global-green-hydrogen-market/
U.S. Solar Energy Soars despite Chinese Competition
The U.S. is seeing record solar energy capacity growth each year, thanks to greater public and private investment in the sector. The already rapidly growing solar industry boomed following the introduction of the Inflation Reduction Act (IRA) and other favourable policies. This growth is expected to continue, with several large-scale solar farms in the pipeline…
https://en.energytoday.ir/u-s-solar-energy-soars-despite-chinese-competition/
Gazprom Accelerates Pipeline Gas Transports to China
Russia is accelerating its natural gas exports to China through the Power of Siberia pipeline, aiming to hit maximum capacity by the end of 2024—a full year ahead of schedule. Gazprom, Russia's state-run energy giant, has agreed with China National Petroleum Corporation (CNPC) to boost December supplies, reaching the pipeline's designed capacity of 38 billion…
https://en.energytoday.ir/gazprom-accelerates-pipeline-gas-transports-to-china/
TotalEnergies Starts Natural Gas Production from Argentinian Offshore Field
French supermajor TotalEnergies announced on Friday the start of natural gas production from the Fenix gas field offshore in southern Argentina. The Fenix field has been developed to have a production capacity of 10 million cubic meters per day, or 70,000 barrels of oil equivalent per day, (boe/d). The field, 60 km (37 miles) off…
https://en.energytoday.ir/totalenergies-starts-natural-gas-production-from-argentinian-offshore-field/
Europe’s Natural Gas Demand and Inventories Rose in July
Natural gas demand in the EU and UK rose in July compared to June, but inventories increased at a faster clip as Europe is moving to stockpile gas ahead of the winter, the latest data by the Joint Organizations Data Initiative (JODI) showed on Wednesday. EU and UK natural gas demand rose by 1.3 bcm…
https://en.energytoday.ir/europes-natural-gas-demand-and-inventories-rose-in-july/
Rosneft Unlikely to Stop Shell’s Sale of German Refinery Stake
Rosneft is likely to fail in its legal challenge against a planned sale of a minority stake in a German refinery that it used to control before Germany took over the Russian oil giant’s assets in the country. Rosneft has a 54% stake in the Schwedt refinery, the fourth-largest refinery in Germany, which gets its…
https://en.energytoday.ir/rosneft-unlikely-to-stop-shells-sale-of-german-refinery-stake/
Gazprom-Friendly Hungary Blames EU for Failing to End Russian Gas Dependence
Hungary’s energy security chief on Wednesday (18 September) slammed the European Union for not providing enough support to help smaller, landlocked countries move away from Russian natural gas. Csaba Marosvari, Hungary’s deputy state secretary for energy security, told attendees at the Gastech conference in Houston that smaller, landlocked states, including Hungary, need more funding to…
https://en.energytoday.ir/gazprom-friendly-hungary-blames-eu-for-failing-to-end-russian-gas-dependence/
Italy Shuts the Door on New Oil Exploration
https://en.energytoday.ir/italy-shuts-the-door-on-new-oil-exploration/
Chinese Refineries Go Bankrupt amid Plummeting Margins
Slumping refining margins amid tepid fuel demand in China have already claimed victims among the refineries in the Shandong province, where two plants operated by chemicals giant Sinochem were declared bankrupt in recent days. Zhenghe Group Co and Shandong Huaxing Petrochemical Group Co were declared bankrupt after creditors failed to agree on restructuring plans for…
https://en.energytoday.ir/chinese-refineries-go-bankrupt-amid-plummeting-margins/
Aramco’s New Deals with China Signal a Further Deepening of Sino-Saudi Relations
A little under a year before the Russian invasion of February 2022, Saudi Aramco’s chief executive officer, Amin Nasser, had spent several days at the annual China Development Forum hosted in Beijing, during which time he stated: “Ensuring the continuing security of China’s energy needs remains our highest priority - not just for the next…
https://en.energytoday.ir/aramcos-new-deals-with-china-signal-a-further-deepening-of-sino-saudi-relations/
BP to Sell its Onshore Wind Business
British oil and gas multinational BP Plc (NYSE:BP) has announced plans to sell its onshore wind business in the U.S., saying the business is not aligned with its growth plans as it seeks to focus on its Lightsource BP solar partnership. The company says it will launch the sale process shortly for BP Wind Energy,…
https://en.energytoday.ir/bp-to-sell-its-onshore-wind-business/
Banks Pledge $386 Billion to Support India’s Renewable Energy Industry
Financial institutions have pledged a total of $386 billion in investment commitments to help India boost its renewable energy industry, Renewables Energy Minister Pralhad Joshi said on Monday. India targets to have 500 gigawatts (GW) of renewables capacity installed by 2030, compared to around 153 GW capacity now. The country will need to install at…
https://en.energytoday.ir/banks-pledge-386-billion-to-support-indias-renewable-energy-industry/
Iran-Turkey Five-Month Trade Exceeds $6b
The value of non-oil trade between Iran and Tukey stood at $6.01 billion in the first five months of the current Iranian calendar year (March 20-August 21), the Islamic Republic of Iran Customs Administration (IRICA) reported. The IRICA report put the weight of the non-oil trade between the two countries at 6.698 million tons. As…
https://en.energytoday.ir/iran-turkey-five-month-trade-exceeds-6b/
Microsoft Faces Scrutiny over AI Services for Fossil Fuel Companies
Microsoft, a company known for its public environmental commitments, is facing criticism for quietly selling AI services to fossil fuel giants. Although Microsoft has committed to being ‘carbon negative’ by 2030, it continues to work with oil companies like ExxonMobil and Chevron to provide the latter with AI technologies that increase oil production. Microsoft has…
https://en.energytoday.ir/microsoft-faces-scrutiny-over-ai-services-for-fossil-fuel-companies/
Iraq’s Oil Exports to US Rise 21,000 bpd Last Week
Iraq’s oil exports to the United States increased last week, according to data released by the US Energy Information Administration (EIA) on Sunday. The EIA's report showed that average US crude oil imports from nine major suppliers reached 5.787 million barrels per day (bpd) last week, an increase of 911,000 bpd from 4.876 million bpd…
https://en.energytoday.ir/iraqs-oil-exports-to-us-rise-21000-bpd-last-week/
Petrostates Push Back against UN Talks on Shift from Fossil Fuels
Several major oil-producing countries, including Saudi Arabia and Russia, are pushing back against talks on an agreement at the upcoming COP29 climate summit to mitigate the use of fossil fuels, negotiators from Western countries told the Financial Times. The group of oil-rich nations, which include Saudi Arabia, Russia, and Bolivia, are hindering efforts for talks…
https://en.energytoday.ir/petrostates-push-back-against-un-talks-on-shift-from-fossil-fuels/