GlobalEnergyMarket

India Reduces LNG Imports as Alternative Fuels Gain Appeal

29 days ago

In a significant shift in its energy procurement strategy, India has decided to curtail its purchases of liquefied natural gas (LNG) in response to the rising attractiveness of alternative fuels. This move comes amid fluctuating global energy prices and a drive for diversification in energy sources, reflecting a broader trend in the country's energy sector.

Argentina's Shale Boom Leads to Record Energy Trade Surplus

4 months ago

In a remarkable turn of events, Argentina has reported its largest energy trade surplus since 2006, driven largely by significant developments in the country's shale gas sector. As the exploitation of the Vaca Muerta formation continues to gain momentum, the South American nation is redefining its position in the global energy market and showcasing its potential as a key player in the oil and gas industry.

Colombia’s Energy Chief Expedited Plans for First Offshore Gas Exploration

5 months ago

Colombia's energy sector is witnessing a pivotal shift as the government accelerates efforts to initiate offshore gas exploration. The nation's Energy Minister, Irene Vélez, has expressed her commitment to fast-track the inaugural gas extraction project off the country's northern Caribbean coast, aiming for it to commence operations earlier than initially projected. Driven by increasing energy demands and a desire for greater energy security, this initiative marks a significant milestone in Colombia's energy landscape.

Orano's Ambitious Strides: Advancing Uranium Mining Ventures in Mongolia

8 months ago

In an intriguing development that promises to reshape the uranium supply landscape, French multinational Orano has reported significant progress in establishing a uranium mining project in Mongolia. This initiative, a critical component of Orano's strategic expansion efforts, is anticipated to bolster the company's capacity in uranium production, pivotal for fueling nuclear energy and reducing global carbon emissions.

Japan’s LNG Lobby Calls on Government to Intervene in Long-Term Contracts

8 months ago

Japan's LNG industry is pushing the government to intervene and renegotiate the long-term contracts that exist between the country and international suppliers. It is said to be in respect to efforts by the country to garner more flexibility into their energy purchase in the face of fluctuating market conditions.