The Magazine for Asian Investors
The Federal Network Agency, which is responsible for allocating gas in the event of a gas emergency, said that gas consumption in households is still too high to allow for sustainable gas use. The use of natural gas mainly for…
According to the International Energy Agency (IEA), global oil demand growth is expected to stall in the fourth quarter of this year. Demand has been impacted by a sharp economic downturn, but could recover strongly by 2023. In its monthly…
Russia exported 158 billion euros ($158 billion) worth of energy in the six months following its invasion of Ukraine, with the EU accounting for more than half. The Energy and Clean Air Research Center calls for more effective sanctions against…
The Turkish authorities have announced a 20% increase in electricity and natural gas prices for households and a 50% increase for the industry. This further increased inflationary pressures after inflation rose by almost 80% in July. Rising utility prices will…
French utility Engie said Russian energy giant Gazprom will cut its gas supplies from Aug. 30 due to disagreements over some contracts, indicating that energy supplies in Europe are becoming increasingly problematic. The announcement came after the French prime minister…
The vice chairman of the Indonesian parliament’s energy committee said Indonesia could raise fuel prices by 30-40% to ease budgetary pressures after using the state budget to subsidize fuel costs. It was briefed on fuel price increases during a closed-door…
Ofgem, the U.K.’s energy regulator, announced it will raise the energy price cap for the average consumer to £3,549 per year, up 80% from £1,971 in October. While academics and politicians called on the British government to address the high…
Europe is facing a new round of energy disruptions following reports of damage to oil pipelines from Kazakhstan via Russia. This situation will only increase concerns about Europe’s energy supply problem. The Caspian Pipeline Association (CPC), which manages about 1%…
China continues to expand its dependence on Russian energy supplies by buying oil, gas, and coal products and has invested $35 billion since the war in Ukraine began. Last year, the figure was around $20 billion. According to the report,…
The chairman of Italy’s Ministry for Environmental Change said Italy’s energy-intensive industries are adjusting their production to save energy after facing high electricity costs. Italy imported almost 40% of its gas from Russia last year. Numerous agreements have been reached…
