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The Latest Breaking News on Energy

Will Morrison secrecy saga revive PEP-11 gas project?

The proponent of an offshore gas exploration project that former prime minister Scott Morrison killed off has called on the federal and state governments to reconsider their opposition to the project.

Newcastle Herald

Total methane emissions have declined since 1991, but methane emissions from livestock are up

The Inflation Reduction Act aims to reduce emissions from agriculture and natural gas systems , the top two sources of methane emissions

USAFacts

Qld hydrogen tilt needs big renewable push

A future in which Queensland is a green hydrogen superpower will demand a huge investment in renewable energy and a considerable labour pool for construction.

AAP

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BGRIM posts B14.67bn earnings in Q2

SET-listed B.Grimm Power Plc (BGRIM) recorded revenue of 14.6 billion baht in the second quarter of 2022 from higher electricity tariffs, increased sale volumes and contributions from renewals in Laos and Thailand.

Bangkok Post

Ratch deals put capacity plan on course

Ratch Group Plc, Thailand's largest private power producer by capacity, expects to conclude three deals on new asset purchases in the third quarter of this year to put it on track to add 700 megawatts of electricity generation capacity to its portfolio in 2022.

Bangkok Post

How Will Americans Heat Their Homes This Winter? Concern Growing Over Decades-Low Inventory Of Heating Oil

Global disruptions in the energy supply chain are becoming a cause of concern for households and industry. Supply shortages in energy used for heating, specifically, could become a problem for the winter ahead in the U.S. and Europe.

Benzinga

Norway hits export record amid soaring gas prices

Norway’s exports have reached a record in July that is driven mainly by higher natural gas prices

The Independent UK

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Grenadian minister Simon Stiell to be next UN climate chief

Grenada’s environment minister faces task of getting countries back on track to meet climate goals ahead of Cop27

The Guardian - UK

British Gas customers urged to check these things ahead of new energy price cap

What to do about the new energy price cap if you're a British Gas customer

Manchester Evening News

Kosovo stops import of electricity and begins energy rationing

Power blackouts after wholesale prices soar as a result of Russia’s invasion of Ukraine

The Guardian - UK

What is Labour’s plan to freeze energy bills?

Sir Keir Starmer says he ‘wouldn’t let people pay a penny more’ and argues £29bn strategy would save families £1,000 a year and help bring inflation down

The Independent UK

Labour’s energy bill freeze makes more sense politically than economically

Criticisms of proposals are many, and price tag of £30bn assumes it will be needed for only six months

The Guardian - UK

Ukraine to resume excise tax on fuel to replenish budget during war

The Ukrainian government has asked parliament to partially restore excise tax on petrol and diesel fuel to boost the state budget, depleted by months of war with Russia, Infrastructure Minister Oleksandr Kubrakov said on Monday.

Reuters

Germans face higher bills as tax aids natural gas importers

Germans are facing a new tax on natural gas use that could cost the average household several hundred euros a year and is aimed at rescuing importers slammed by Russian cutbacks tied to the war in Ukraine

The Independent UK

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Reuters

Iran tanker retrieves oil seized by U.S., set to leave Greece

An Iranian-flagged tanker has retrieved an oil cargo which the United States had confiscated and is set to leave Greece, sources familiar with the matter said on Monday.

Birmingham Post

Velocys buoyed by transatlantic policy backing for green jet fuel as US Congress win follows UK launch

Oxford University spin-out is behind plans for British Airways-backed refinery near Immingham

Reuters

South Africa's 'silent revolution' as those with cash go solar

Thanks to his rooftop solar panels, Pierre Moureau only notices the blackouts that regularly plunge South Africans into darkness when complaints pop up on his Johannesburg neighbourhood's WhatsApp group.

The National (Scotland)

Keir Starmer 'will not apologise' for holiday and rules out nationalising energy firms

KEIR Starmer has defended jetting off on holiday during the cost-of-living crisis as he set out his stall for dealing with soaring fuel bills,…

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The Independent UK

Starmer pledges to freeze fuel bills by extending windfall tax

The Opposition leader contrasted Labour’s ‘robust’ plan with the ‘internal battle’ of the Tory leadership race and ‘lame duck’ Prime Minister.

Bangkok Post

Record-high electricity price rise approved

The Energy Regulatory Commission (ERC) has approved an 18% rise in the price of electricity for the September-December quarter, to a record-high 4.72 baht per kilowatt hour (unit).

Reuters

Kosovo starts power cuts as a result of energy crisis

Kosovo’s energy distribution company, KEDS, said it would start power cuts at 8 a.m. on Monday because of a lack of domestic production and high import prices.“Consumers will have six hours on and two hours off,” KEDS spokesperson Viktor Buzhala told Reuters. The company did not say when the cuts…

Newcastle Herald

Labor tells gas exporters to look after domestic market or risk 'social licence'

Labor warns gas companies on local crisis, but no big stick. Yet.

Asharq Al-Awsat

Russian Gas Flows to Europe Stable

Russian gas flows to Europe via some major pipeline routes were steady on Monday morning, operator data showed. Physical flows via the Nord Stream 1 pipeline from Russia to Germany were at 14,554,412 kilowatt hours per hour (kWh/h) at 0800-0900 CET, similar to the previous 24 hours, The Associated Press…

Daily Record

Cost of living crisis is national emergency that needs an immediate response

In his Daily Record column, the Scottish Labour leader warns that millions of people will face "impossible choices" if the cost of energy is allowed to continue rising unchecked

The Guardian - UK

Oil prices drop by $5 to lowest since before Russia invaded Ukraine – as it happened

Live coverage of business, economics and markets as Chinese economy shows signs of slowdown and Institute for Fiscal Studies warns on maintaining similar level of energy bills support

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