How the UN Climate Summit Is Being Affected By The World’s Energy Crisis

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Matthew Henry/Unsplash
  • Europe’s natural gas prices have risen dramatically in 2022.
  • Others are looking for ways to expand fossil fuel production, including new projects in Africa.
  • There are reasons to believe that this may not be the case.
  • Globally, investments in the clean energy transition increased by about 16% in 2022, the International Energy Agency estimates.

This year’s United Nations climate meeting in Sharm el-Sheikh, Egypt, where representatives from all over the world are...

https://mfame.guru/how-the-un-climate-summit-is-being-affected-by-the-worlds-energy-crisis/

Noteworthy Shift To Carbon-Neutral Energy Production by Norwegian Oil Giant

Norwegian Oil Giant Leads Surprising Shift To Carbon-Neutral Energy Production, says a Forbes news report.

Reducing global oil supplies

The global energy complex is in a state of flux, made worse by the war in Ukraine, overzealous European lawmakers and unpredictable oil exporters.

Bloomberg reported in August that the Saudis are talking with their OPEC partners about reducing global oil supplies. The move sent prices sharply higher, and shifted the global economy toward recession.

Investors should...

https://mfame.guru/noteworthy-shift-to-carbon-neutral-energy-production-by-norwegian-oil-giant/

Record-High LNG Import Prices To Facilitate Government Decision?

South Korean LNG importers are eyeing to expand LNG infrastructure in order to boost supply security in the wake high LNG prices and tight global availability, industry sources said Sept. 19, reports SP Global.

Investment

SK Gas, South Korea’s largest LPG producer and LNG power generator, said in a statement released late Sept. 16 that the company will invest around Won 178 billion ($127 million) in expanding LNG terminal infrastructure by October 2024.

The primary purpose of the investment is to...

https://mfame.guru/record-high-lng-import-prices-to-facilitate-government-decision/