#energy-security

#energy-security

"A more decentralized energy system, with a growing share of renewables and more market players, is structurally more resilient. Countries that invested in the energy transition are weathering this crisis with less economic damage, as they boost energy security, resilience and competitiveness."

Swinney has signaled a softening of his stance on new oil and gas drilling in the North Sea, stating that energy security should be considered in new decisions.

OEUK highlighted that natural gas extracted from the North Sea has a significantly lower emissions footprint compared to imported liquefied natural gas (LNG), which often involves more environmentally taxing transportation and processing methods.

When trading opened on Thursday, prices spiked to 174p, marking a 24% increase, before easing slightly to 169p as of 8 AM GMT. In recent days, natural gas futures, which are contracts for purchasing the commodity in the coming months, have been trading between 125p and 132p per therm (a unit of heat energy).

Israel, out of anger for what has taken place in the Middle East, has violently lashed out at a major facility known as South Pars Gas Field in Iran. A relatively small section of the whole has been hit. The United States knew nothing about this particular attack, and the country of Qatar was in no way, shape, or form, involved with it, nor did it have any idea that it was going to happen.

People who could afford to do it at that time realised that it was much cheaper and cost-effective and better for them in the long run to do a one-time investment in rooftop solar as opposed to keep paying high electricity bills from a grid that is also unreliable, said Nabiya Imran, an associate at Renewables First, a Pakistani thinktank.

German Chancellor Friedrich Merz is visiting Norway on Friday for talks with Prime Minister Jonas Gahr Store, with space cooperation and NATO defense ties high on the agenda. The two leaders began the day at the Andoya spaceport, where the Bavarian startup Isar Aerospace plans to launch rockets carrying European satellites into orbit.

Khamenei insisted that Iran would continue to use control of the waterway - through which roughly one-fifth of global oil and gas flows - as a tool of economic and strategic pressure on the U.S. and its allies, underscoring persistent regional tensions.

Despite its patriotic branding and apparent alignment with Trump's America First agenda, the project's origins trace back to the Biden administration. The refinery concept was revived and permitted in 2024 under the name Element Fuels Holdings, with site preparation and approvals occurring well before Trump's return to office.

Oil markets are global so the response to major disruptions needs to be global, too. Energy security is the founding mandate of the IEA, and I am pleased that IEA members are showing strong solidarity in taking decisive action together.

Reaching net zero would cost about 4bn a year, the CCC found, or close to 100bn by 2050, which was roughly equivalent to the energy-related costs of the fossil fuel shocks that followed Russia's invasion of Ukraine. The findings contradict widespread claims made by rightwing thinktanks and populist politicians including the Reform party that net zero would represent a crippling cost of 9tn to the UK's economy.

Qatar's minister of state for foreign affairs, Mohammed bin Abdulaziz Al Khulaifi, speaks with Talk to Al Jazeera, as the Gulf faces its most dangerous escalation in years after coming under Iranian drone and missile attacks. Al Khulaifi condemns Iran's aggression, warns that attacks on energy infrastructure threaten global markets, and argues that Gulf security is inseparable from global stability.

To ease the temporary gap of oil around the world, we have given them permission to accept the Russian oil. We may unsanction other Russian oil," US Treasury Secretary Scott Bessent told Fox News, indicating the administration's willingness to further relax restrictions on Russian energy sales to address global supply concerns.