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SAUDI ARAMCO MULLS NEW ACQUISITION.
Saudi Aramco is reportedly exploring the possibility of acquiring BP's lubricant assets as part of its ongoing expansion into the refining and chemicals sectors, according to a recent Bloomberg report.
- 1 year, 5 months
TURKISH ENERGY BENEFITS FROM GLOBAL UPHEAVAL.
Turkish President Recep Tayyip Erdoğan has been strategically working to position Turkey as a key energy hub, linking natural gas producers in the east and south with markets in the west.
- 1 year, 5 months
DANGOTE REFINERY ORDERS ALGERIAN CRUDE OVER LOCAL SHORTFALL.
The Dangote Petroleum Refinery secured its first shipment of one million barrels of Algeria’s Saharan Blend crude due to local supply shortages, despite Nigeria increasing its crude production. To diversify its supply sources and optimize refining efficiency, the refinery is also exploring long-term crude agreements with international suppliers like the U.S. and Brazil.
- 1 year, 5 months
CHINA’S LNG IMPORTS SLUMP TO 5-YEAR LOW.
China's LNG imports fell to a five-year low of 4.5 million tons in February due to weak demand, lower industrial activity, and high gas storage levels. Additionally, a 15% retaliatory tariff on U.S. LNG imports could further impact future trade flows and long-term energy agreements.
- 1 year, 5 months
75MW NET-METERED INTO NATIONAL POWER GRID.
Zimbabwe has integrated 75MW of net-metered solar power into the national grid, with the government urging more investments in solar energy. Recent policy changes now allow individuals and businesses to feed up to 5MW of excess solar power into the grid, boosting renewable energy adoption.
- 1 year, 5 months
SHELL SEES LNG DEMAND JUMPING 60% BY 2040.
Shell forecasts a 60% rise in global LNG demand by 2040, driven by Asia’s economic growth, decarbonization efforts, and AI energy needs. Despite short-term uncertainties, LNG supply is set to expand, with the U.S. and Qatar leading production growth.
- 1 year, 5 months
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