energy security

Japan expands LNG cooperation with South Korea and Italy to ensure energy security, focusing on flexible procurement contracts and strategic partnerships.

The U.S. Department of Energy finalizes a contract to purchase 4.65 million barrels of crude oil for the Strategic Petroleum Reserve, reinforcing national energy security.

Energean announces a $1.2 billion investment in Israel’s Katlan gas project, with production expected by 2027, enhancing energy security and production.

South Africa is set to establish a R10 billion-a-year gas company to ensure energy supply security, reduce dependency on imports, and support economic growth, with extensive infrastructure development planned to bolster local production and distribution

India’s solar power sector experiences its slowest growth in six years as the nation prioritizes coal power to address energy security concerns. This increased reliance on fossil fuels casts doubt on India’s clean energy ambitions and climate commitments.

China creates a new entity to explore ultra-deep oil and gas reserves, combining national oil producers and state firms to enhance energy security and tackle non-conventional resources.

Tshwane advances its plan to secure 1,000 MW of electricity by 2026, focusing on partnerships with IPPs for sustainable energy solutions.

Williams Cos. seeks to expedite the delivery of natural gas through its major pipeline project in the Northeast US to address rising demand and supply constraints.

The European Union wrestles with imposing new sanctions on Russia, including a potential first-ever ban on liquefied natural gas (LNG) exports. The bloc seeks to cripple the Russian economy but worries about the impact on its own energy security. Negotiations continue as the EU races to finalize the package before Hungary takes over the presidency.

Energy giant Shell has announced its decision to exit South Africa’s downstream market, following a comprehensive review of its global operations. The move comes after more than a century of Shell’s presence in the South African market.