Saudi Arabia’s national oil company, Aramco, on Sunday reported near-record profits of $121 billion in 2023. The eye-catching total might seem a bit surprising given media narratives that fossil fuels are on the way out, but Aramco found demand for oil stronger than ever, albeit distributed somewhat differently than in years past.
Texas Land Commissioner Dawn Buckingham says President Joe Biden’s recent decision to stop approval of Liquified Natural Gas (LNG) exports looks “more like retaliation than a sound policy decision.” Biden’s announcement came one day after “Texas took a bold stand in defending our border against foreign invaders,” the commissioner added.
The U.N. Conference on Trade and Development reported that the volume of freight passing through the Suez Canal has dropped by 45 percent.
President Joe Biden’s (D) administration announced Friday it is temporarily pausing pending decisions on liquefied natural gas (LNG) exports as part of a move to combat so-called “climate change.”
Qatar’s state-owned QatarEnergy corporation announced a massive deal this weekend with the Chinese regime-owned company Sinopec to provide Beijing with 3 million tons of liquified natural gas (LNG) a year for the next 27 years – and a stake in Qatar’s North Field South (NFS) gas project.
Fred Zeidman, co-chair and director of the Council for a Secure America, slammed the Biden administration for its energy policy.
Qatar obliquely threatened to cut the EU from its supply of natural gas amid claims that the Islamist nation bribed officials in Brussels.
Qatar’s Energy Minister has slammed Germany’s economics minister and stated the west should respect Qatar’s anti-LGBT views.
Despite persistent controversy over the country’s attitude towards LGBT issues, Germany has now agreed to buy gas from Qatar.
In order to help avert an energy catastrophe this winter, the head of Germany’s utility network wants to see his country sign a gas “solidarity pact” with Britain.
Germany could be completely out of gas by February, the country’s gas agency has said, with some experts saying that the country needs to cut consumption by 30 per cent to make it through the crisis intact.
President Recep Tayyip Erdoğan announced a deal with Vladimir Putin to make Turkey a natural gas hub for Russian energy for Europe.
China has reportedly told state-owned energy companies to cease reselling supplies of natural gas to the energy-strapped European nations.
Germany’s economic and climate minister has angrily lashed out at Angela Merkel’s former Christian Democratic Union party, describing it as being responsible for “16 years of energy policy failure”.
The EIA reports that the United States is the world leader in liquified natural gas exports during the first half of 2022.
