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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
Is Tajikistan’s Mega-Dam Project already Obsolete?
Building the Rogun Dam in Tajikistan to its maximum projected height and specifications would be an economic disaster for Central Asia’s poorest nation, and an environmental nightmare for the entire region, according to a newly published expert report. The advent of new technologies for electricity generation means that Tajikistan’s already decades-old mega project would be…
https://en.energytoday.ir/is-tajikistans-mega-dam-project-already-obsolete/
Bitcoin Surges above $106,000 on Strategic Reserve Hopes
Bitcoin surged to a record high above $106,000 on Monday after U.S. President-elect Donald Trump suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls, Reuters reports. Bitcoin , the world's biggest and best known cryptocurrency, hit a high of $106,533 and last…
https://en.energytoday.ir/bitcoin-surges-above-106000-on-strategic-reserve-hopes/
Chevron and Exxon Target Data Centers with Reliable Gas Power
https://en.energytoday.ir/chevron-and-exxon-target-data-centers-with-reliable-gas-power/
Europe’s Wind Power Boom Faces New Challenges
https://en.energytoday.ir/europes-wind-power-boom-faces-new-challenges/
Rising Metal Prices Cast Shadow on U.S. Construction Industry
The Construction MMI (Monthly Metals Index) held its sideways trend, dropping by a slight 1.09%. Despite a torrent of construction news, the index didn’t budge much month-over-month and had a minimal reaction to recent interest rate drops. The Fed will likely need to drop interest rates more aggressively for the construction index to display any…
https://en.energytoday.ir/rising-metal-prices-cast-shadow-on-u-s-construction-industry/
QatarEnergy Expands LNG Fleet with Long-Term Contracts for New Vessels
QatarEnergy has selected a joint venture between Japan’s Mitsui O.S.K Lines Ltd. (MOL) and China’s COSCO Shipping LNG Investment (CSLNG) to own and operate six QC-Max size LNG vessels, Trend reports. The vessels will be constructed by Hudong-Zhonghua Shipbuilding Group, a subsidiary of China State Shipbuilding Corporation (CSSC), in China. This deal marks the final…
https://en.energytoday.ir/qatarenergy-expands-lng-fleet-with-long-term-contracts-for-new-vessels/
Iran and Turkmenistan Discussed Expanding Oil, Gas Sector Cooperation
At a meeting in Ashgabat between the President of Turkmenistan Serdar Berdimuhamedov, Iranian Energy Minister Abbas Aliabadi, and Chairman of the Central Bank Mohammad Reza Farzin, the possibilities of expanding bilateral cooperation between the two countries in the oil and gas sector, as well as diversifying energy supplies to global markets, were discussed, Azernews reports.…
https://en.energytoday.ir/iran-and-turkmenistan-discussed-expanding-oil-gas-sector-cooperation/
IEA: Fracking could Play a Crucial Role in Advancing Geothermal Energy
https://en.energytoday.ir/iea-fracking-could-play-a-crucial-role-in-advancing-geothermal-energy/
OPEC’s Oil Production Rose in November as Libyan Output Jumped
Crude oil production from all OPEC members rose by 104,000 barrels per day (bpd) in November compared to October, the organization’s Monthly Oil Market Report (MOMR) showed on Wednesday. Total OPEC-12 crude oil production averaged 26.66 million bpd last month, as output in Libya, Iran, and Nigeria increased, according to OPEC’s secondary sources used to…
https://en.energytoday.ir/opecs-oil-production-rose-in-november-as-libyan-output-jumped/
Russia’s Yamal LNG Deploys New Tanker for Barents Sea Transshipments
Yamal LNG, the plant of Russian LNG developer and exporter Novatek, has begun using the Axios II tanker for ship-to-ship transfers in the Barents Sea, Reuters reports, citing vessel-tracking data from LSEG. Transshipments are used to free ice-class tankers by unloading LNG to conventional LNG vessels. But these STS operations are also often used to…
https://en.energytoday.ir/russias-yamal-lng-deploys-new-tanker-for-barents-sea-transshipments/
Exxon Raises Capital Spending as Worldwide Oil Glut Looms
Exxon Mobil Corp. will raise capital spending next year as it adds the $60 billion purchase of Pioneer Natural Resources Co. to oil-production plans, threatening to worsen next year’s expected crude glut. Exxon plans to spend between $27 billion and $29 billion of cash in 2025, North America’s largest energy explorer said in a statement…
https://en.energytoday.ir/exxon-raises-capital-spending-as-worldwide-oil-glut-looms/
Saudi Arabia will Eventually have Increase Oil Production
OPEC decided on December 5 to kick the can down the road yet again, postponing the timeframe for putting additional barrels back into the market until April 2025 and slowing the pace of the notional tapering so that the cuts will not unwind until the end of 2026. This avoids immediate financial pain for producers…
https://en.energytoday.ir/saudi-arabia-will-eventually-have-increase-oil-production/
Saudi Arabia may Slash January Crude Prices for Asia
Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on Monday. The January official selling price (OSP) for flagship Arab Light may fall by 70 to 90 cents a barrel…
https://en.energytoday.ir/saudi-arabia-may-slash-january-crude-prices-for-asia/
Gazprom Hits Maximum Capacity of Pipeline Gas Flows to China
Gazprom’s natural gas flows via the Power of Siberia pipeline to China have reached full capacity of 38 billion cubic meters annually, the Russian gas giant said on Monday. Gazprom started sending gas to China via the Power of Siberia pipeline at the end of 2019, and flows have now reached the maximum design capacity.…
https://en.energytoday.ir/gazprom-hits-maximum-capacity-of-pipeline-gas-flows-to-china/
Will Saudi Arabia’s Trillion-Dollar Desert Dream ever become a Reality?
Saudi Arabia’s Neom is perhaps the world’s most controversial architectural project at present, covering 10,200 square miles – almost the size of Belgium – and incorporating renewable energy projects and advanced smart technologies in the middle of the desert. Following several construction delays, rising costs, and criticism over structural aspects of the project, many are…
https://en.energytoday.ir/will-saudi-arabias-trillion-dollar-desert-dream-ever-become-a-reality/
Russian Tanker Sinks in Black Sea Spilling 4,300 Tonnes of Oil
A maritime disaster unfolded in the Black Sea when a Russian oil tanker dramatically split in half during a severe storm, raising serious environmental concerns. The cargo ship Volgoneft-212, carrying over 4,000 tonnes of heavy fuel oil, broke apart after being struck by a massive wave near the Crimean coast. The incident was catastrophic. Video…
https://en.energytoday.ir/russian-tanker-sinks-in-black-sea-spilling-4300-tonnes-of-oil/
Lower Chinese LNG Imports could Ease Europe’s Energy Woes
The world’s top LNG importer, China, has hit the brakes on spot LNG purchases in recent weeks as Asian prices have hit the highest level for the year. After several months of stocking up on cheaper LNG supply, Chinese natural gas inventories are now estimated to be high enough to allow importers to retreat from…
https://en.energytoday.ir/lower-chinese-lng-imports-could-ease-europes-energy-woes/
Can Coal Ash Solve the Rare Earth Supply Chain Crisis?
https://en.energytoday.ir/can-coal-ash-solve-the-rare-earth-supply-chain-crisis/
Massive LNG Expansion Expected Worldwide despite Green Transition
https://en.energytoday.ir/massive-lng-expansion-expected-worldwide-despite-green-transition/
CNPC: China Reaches Refined Oil Demand Peak
China, the world’s heavyweight oil consumer, has officially hit its peak. According to CNPC’s Economics & Technology Research Institute, the country’s refined oil consumption maxed out in 2023 at 399 million metric tons (roughly 8 million barrels per day) and is set to decline by 1.3% in 2024. For an economy that’s been a relentless…
https://en.energytoday.ir/cnpc-china-reaches-refined-oil-demand-peak/
US to Increase Tariffs on Chinese Solar
US President Joe Biden’s administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect US clean energy businesses. The notice from the Office of US Trade Representative (USTR) said tariffs on Chinese-made solar wafers and polysilicon would rise to 50 percent from 25 percent and duties on certain…
https://en.energytoday.ir/us-to-increase-tariffs-on-chinese-solar/
Europe Expected to Add 110 Gigawatts of Solar next Year!
https://en.energytoday.ir/europe-expected-to-add-110-gigawatts-of-solar-next-year/
China Looks to Build the Largest Human-Made Object in Space
Two months ago, we reported that Baiju Bhatt, one of the co-founders of the investing app Robinhood, debuted space solar power company Aetherflux. The startup plans to build a constellation of Low-Earth Orbit (LEO) satellites that will use infrared lasers to transmit power to small ground stations on Earth. The startup notes that space solar…
https://en.energytoday.ir/china-looks-to-build-the-largest-human-made-object-in-space/
The Lithium Glut could Persist until 2027
This year’s plunge in lithium prices has forced curtailments in production in China and Western Australia as lithium miners look to limit losses and reduce the oversupply hanging over the market and prices. However, the lithium glut has not gone away and the market could remain oversupplied until 2027, analysts say. One of the reasons…
https://en.energytoday.ir/the-lithium-glut-could-persist-until-2027/
Germany’s Gas Use and Power Prices Jump amid Weak Wind Generation
Intraday power prices in Germany jumped and natural gas-fired electricity generation rose to a two-year high this week as low wind speeds continue to depress wind power output. Natural gas use for power generation rose on Wednesday to its highest level since December 2022, as a wider power supply gap had to be filled by…
https://en.energytoday.ir/germanys-gas-use-and-power-prices-jump-amid-weak-wind-generation/
Bulgaria may Stop Transit of Russian Gas if Gazprom Fails to Pay
Bulgaria said it may halt the transit of Russian natural gas to central Europe if Gazprom PJSC doesn’t find a payment solution amid US sanctions. It’s the latest twist in a saga over the future of European energy supplies, with gas demand poised to rise over the winter months. The region still receives some fuel…
https://en.energytoday.ir/bulgaria-may-stop-transit-of-russian-gas-if-gazprom-fails-to-pay/
China-Russia East-Route Natural Gas Pipeline Fully Connected
The China-Russia east-route natural gas pipeline, the pipeline with the largest single-line gas transmission capacity in China, has been fully connected, the pipeline's operator announced Monday. The pipeline has also achieved full capacity operation with an annual transmission volume of 38 billion cubic meters, according to China Oil & Gas Pipeline Network Corporation (PipeChina). As…
https://en.energytoday.ir/china-russia-east-route-natural-gas-pipeline-fully-connected/
Azeri Gas Flows Launch to Slovakia as Ukraine Gas Transit Set to Expire
On December 1, Azerbaijan’s state oil company, SOCAR, started supplying natural gas to Slovakia’s Slovenský plynárenský priemysel (SPP), the country’s largest state-owned energy operator. This comes just a month after SPP signed a short-term pilot contract to buy natural gas from Azerbaijan as it prepares for a possible halt to Russian supplies via Ukraine. Last…
https://en.energytoday.ir/azeri-gas-flows-launch-to-slovakia-as-ukraine-gas-transit-set-to-expire/
China Discovers World’s Largest Gold Deposit near Existing Mines
Chinese scientists have uncovered a "supergiant" deposit of high-quality gold ore hidden near some of the country's existing gold mines. The vast reserve, which could be the largest single reservoir of the valuable metal left anywhere on Earth, could end up being the largest known deposit of the precious metal anywhere in the world, and…
https://en.energytoday.ir/china-discovers-worlds-largest-gold-deposit-near-existing-mines/
India’s Import of Russian Oil Falls Marginally in Nov.
Russia remained the largest crude supplier to India in November, accounting for 38% of India’s total crude oil imports. However, imports from the country registered a marginal decline of 4% to 1.60 million barrels per day, against 1.67 million barrels per day in October, data from Vortexa showed. The country imported 4.2 million barrels of…
https://en.energytoday.ir/indias-import-of-russian-oil-falls-marginally-in-nov/