Author: Graham Foster

Rerouting of LNG Tanker Highlights Growing Competition for Gas Supplies Amid Iran Conflict A recent incident involving an LNG tanker originally destined for France has drawn attention to the intensifying competition for global gas supplies, particularly in the context of the conflict in Iran. This shift in routing underscores how geopolitical issues can influence energy markets and supply chains. As tensions rise, countries are becoming increasingly strategic about securing their energy resources. With the demand for liquefied natural gas (LNG) growing in Asia, the rerouting of the tanker reflects a broader trend where suppliers must adapt quickly to shifting market…

China has made some progress in reducing emissions from energy and industry, thanks in part to a significant growth in solar energy. According to recent official statistics, emissions dropped by 0.3% in 2025, even as total energy consumption rose by 3.5%. This decline sets the stage for China’s ongoing commitment to renewable energy and clean technologies, especially as it prepares to finalize its five-year plan next week. The share of clean energy in power generation reached 40% in 2025, an increase from 37% the previous year, with solar power now surpassing wind energy. There were also modest gains in hydro…

Sunrun, the leading provider of residential solar and battery subscriptions in the United States, reported a decline in both subscriber additions and installation volumes for the fourth quarter of 2025 compared to the previous year. In their latest earnings report, Sunrun revealed that their key metrics for “subscriber value” also saw a downturn. The gross subscriber value fell by 2%, reaching $50,165, while net subscriber value dropped significantly by 30% to $9,098. Additionally, the cost to acquire each subscriber increased by 8% year-over-year. Despite these challenges, Danny Abajian, Sunrun’s Chief Financial Officer, highlighted some positive signs that could help the…

One of Europe’s most ambitious green hydrogen initiatives has received the go-ahead for final investment, bringing some positive news to a sector that has faced several setbacks recently. Moeve, a $12 billion energy company backed by the UAE’s Mubadala and the U.S. private equity firm Carlyle, is set to announce that its board has approved the first phase of what aims to be Europe’s largest renewable hydrogen facility. This initial phase of the Andalusian Green Hydrogen Valley project in southern Spain will see an investment of over €1 billion, which includes more than €300 million in EU grants. The plan…

Public Service Enterprise Group (PSEG) is optimistic about its earnings growth, projecting an annual increase of 6% to 8% through 2030. This forecast is a slight improvement compared to estimates from the previous year, as stated by company officials during a recent earnings call. Ralph LaRossa, PSEG’s chair and CEO, mentioned that developments in New Jersey might enhance these growth expectations. He noted potential opportunities for the company to engage in contracts for existing and future generating capacity, which are not currently part of its planned investments. LaRossa further explained that the current supply-demand situation in New Jersey has led…

The California Public Utility Commission (CPUC) has made a significant decision, unanimously voting to require state load-serving entities (LSEs) to secure an additional 6 gigawatts (GW) of power from 2029 to 2032. This move aims to address an expected shortfall in reliability caused by increasing demand for electricity. According to the directives from the CPUC, new resources must be either zero-emitting or meet the criteria outlined in the renewables portfolio standard program. Furthermore, LSEs are urged to explore viable projects that can still qualify for federal tax credits or other incentives. The plan sets a target of 2 GW to…

German startup Proxima Fusion is making headlines after securing €400 million in funding from Bavaria to develop a €2 billion test facility. This project represents one of Europe’s most ambitious steps toward harnessing fusion energy, a technology that remains largely unproven. Located in Munich, Proxima has signed an agreement to build the test plant just north of the city, with hopes of eventually establishing Europe’s first commercial fusion reactor, provided the trials yield positive results. Under the agreement, both Proxima and Bavaria will cover 20% of the total facility cost, while the federal government in Berlin is expected to contribute…

Shell is currently navigating a tough situation with one of its prominent clean energy investments, the Brazilian biofuels company Raízen. This company, the largest producer of sugarcane ethanol worldwide, operates nearly 9,000 Shell-branded gas stations across Brazil, Argentina, and Paraguay. However, Raízen has been deeply affected by poor harvests, decreased demand for fuel, and rising interest rates. With a staggering R$55 billion (about $11 billion) in debt, Raízen has started selling off assets to stabilize its finances. Recently, they reported a significant net loss of R$15.6 billion for the third quarter, raising concerns about their future prospects. Raízen is crucial…

Petrochemical-rich nations in the Middle East are ramping up crude oil exports as they prepare for possible US military action against Iran, which could disrupt oil transport in the Gulf region. Saudi Arabia has reportedly increased its oil exports to about 7 million barrels a day this month, the highest rate recorded this year. Meanwhile, the United Arab Emirates (UAE) is on track to reach a record export level of 3.5 million barrels per day in February, according to data firm Kpler. Iranian officials have warned of potential repercussions should President Trump proceed with military strikes, suggesting they could take…

London and Washington are cautiously resuming discussions on their ambitious “tech prosperity deal,” which was put on hold last year due to pressures from then-President Donald Trump. This deal aims to enhance collaboration in sectors like artificial intelligence, quantum computing, and nuclear energy. Recently, senior officials from both nations have started talking about working together on civil nuclear technologies and the potential for a joint summit focusing on fusion technologies. Sources close to the negotiations described these efforts as beginning to show promise. Initially announced during Trump’s state visit in September, the tech deal sought to foster innovation and improve…