Southern states face a winter gas shortage and will rely on excess supply from Queensland. Considerable storage and transport capacity is needed to shift the gas south, according to an interim report by the Australian Competition and Consumer Commission. “It is imperative that gas flows from Queensland to the southern states and that there is enough…
American Energy Producers Shift Into High Gear Due to Rising Profits and Demand
American energy producers are being incentivized to boost production, as high fuel prices, strong demand, and a tight supply chain at the start of the summer driving season raise the chance of increased profits margins this year, Bloomberg reported. Global crude oil prices have been fluctuating between $100-120/bbl since the conflict in Ukraine erupted in…
Russia Is Making EU Climate Goals Look ‘Ridiculous,’ Says Poland’s Kaczynski
WARSAW—Russian actions concerning gas supply have made advocates of the European Union’s plan to tackle climate change look “ridiculous,” the leader of Poland’s ruling party said in an interview published on Wednesday. Poland has called for the bloc to cancel or delay parts of its “Fit for 55” plan to tackle climate change ahead of…
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