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Last July, Ukraine started importing natural gas from Azerbaijan for the first time in history, just months after it officially stopped the transit of Russian natural gas through its pipeline network in January 2025. Ukraine’s Naftogaz signed a supply agreement with Azerbaijan’s SOCAR Energy Ukraine that saw the former Soviet nation export its natural gas through the Trans-Balkan Corridor, with Ukraine looking to diversify its energy supply, enhance energy security, and offset significant domestic production losses caused by a constant…
Strife-torn Colombia is facing an energy crisis of gargantuan proportions. Decades of mismanagement and insecurity, coupled with radical changes to energy policy by Gustavo Petro, Colombia’s first-ever leftist president, are wreaking havoc with the country’s natural gas reserves and production. This is making the Andean country increasingly reliant upon costly natural gas imports while threatening the stability of Colombia’s energy grid and risking critical energy shortages. There are no signs of an easy solution for a country…
A geothermal revolution is unfolding around the United States in ways both flashy and quiet. As Big Tech becomes increasingly involved in developing alternative energy sources to meet skyrocketing energy demand driven by the AI boom, innovative and advanced geothermal technologies have been taking off – but so too have more simple and surface-level solutions like heat pumps. Together, these approaches could reshape the domestic energy industry by providing baseload clean energy solutions and shoring up energy security in urban and rural populations…
Japan has made the first commitments under a $550-billion investment program that made part of its trade deal with President Trump. Those first commitments are worth $36 billion and include what Commerce Secretary Howard Lutnick has called “the largest natural gas generation facility in history.” The U.S. and Japan sealed a trade deal last summer, featuring a reduction in proposed tariffs—from 25% to 15%—on Japanese imports and a $550-billion Japanese investment pledge for the U.S. economy. Japan also pledged under the deal…
Bulgaria’s Lukoil Neftohim Burgas refinery has saved $8 million in just two months after dropping its Swiss-based trading intermediary Litasco SA, with Special Commercial Administrator Rumen Spetsov telling Russia’s parliamentary committee that the savings came mainly from scrapping commission fees previously paid to the middleman between the refinery and Lukoil’s oil reserves, Novinite reported on Thursday. Spetsov said the refinery's financial position has further stabilized through deferred payments and barter deals (exchanging…
