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China
China, US to Account for 75% of Global Energy Storage Demand
Wood Mackenzie projected the markets to have 422GWh and 600GWh by 2031.
OPEC
OPEC+ May Keep Production Quota Unchanged at Next Week’s Meeting
The OPEC+ group will decide at the meeting next week whether they should keep production targets steady, or a small output hike, eight anonymous OPEC+ sources t…
Natural Gas
US Natural Gas Hits Highest Level Since 2008, on Pace for Best Month Ever as Russia Cuts Supply
Natural gas prices are surging around the world as scorching temperatures stoke demand for the fuel, and as Europe’s push to move away from Russian fuel roils …
United Kingdom
Anglo-German Interconnector Project Reaches Financial Close
The NeuConnect interconnector project linking the UK and German energy markets has reached financial close.
Germany
EIB Backs Germany-UK Interconnector With €400M
Work to build the interconnector will start this year, connecting two of Europe’s largest energy markets for the first time
Net Zero Emission
Novel Ways to Remove Carbon From the Atmosphere
Direct air capture technology removes carbon dioxide from the atmosphere and compresses it for sequestration or utilization, with the goal of assisting society …
OPEC
Putin Calls Saudi Crown Prince to Discuss Oil Market, OPEC+
Putin and MBS discuss OPEC+ and oil markets in phone call.
Worley to Digitise Shell Gulf of Mexico Assets
Engineering giant will focus on five Shell facilities
India
Firetrace Expands Into Chinese and Indian Markets
Firetrace International, a provider of fire suppression technology, has opened facilities in India and China, bringing its fire safety support to these rapidly …
Petronas Says Taking Steps to Protect Global Assets After Seizure of Luxembourg Units
Malaysia's state energy firm Petronas said it was taking steps to protect the legal position of all its global assets after two Luxembourg-based subsidiaries we…
LNG
Wood Mackenzie and Ball Corporation Introduce New Tool That Tracks Global LNG Liquefaction Train Statuses in Near Real-Time
Wood Mackenzie, Inc. a Verisk business, and Ball Corporation today announced the launch of Global LNG Liquefaction Monitoring – the first product arising from …
Eavor to Partner With Turboden on Closed-Loop Geothermal System
Canadian Geothermal developer Eavor has selected Turboden’s Organic Rankine Cycle (ORC) system for the development of their project in Geretsried, South of Ger…
Solar Power Panel
Asia to Lead Solar PV Recycling Markets
It will be followed by North America and Europe.
Electric Car
Businesses ‘Plan to Invest £13.6BN in Electrifying Their Fleets’
Almost 62% of UK businesses expect to have a 100% electric fleet by 2026
Asia to Lead Geothermal Capacity Growth
Key markets in the region are Indonesia, the Philippines, and New Zealand.
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