TAP Transports 10 bcm of Azerbaijan’s Natural Gas to Europe
The Trans-Adriatic pipeline (TAP) has transported the first 10 billion cubic meters (bcm) of Azerbaijan’s natural gas to Europe in the 14 months since its...
SCRMET
Latest News
World
Brent Crude to Average More Than $105 in 2022: EIA
Brent crude, the world's oil benchmark, will average $105.22 a barrel this year, the Energy Information Administration of the US Department of Energy said on...
World Food Prices Soar 20.7%
World food prices, led by the surging costs of dairy products and vegetable oils, reached record highs in February. Their prices saw a 20.7% increase...
Azerbaijan Looks to Launch Electric Vehicle Production
Economy Minister of Azerbaijan Mikayil Jabbarov and China’s BYD company Executive Director for Europe Isbrand Ho in a meeting last Tuesday discussed the creation in...
Global LNG Trade Grows 6% in 2021 – Shell
The global trade in liquefied natural gas (LNG) increased 6% to 380 million tons in 2021, from 360 million tons in 2020, as economies rebounded...
Major Automakers Cut Production, Car Prices Surge
Major automakers from Ford to Toyota are cutting their production outlooks due to chip shortage and supply chain disruptions caused by COVID-19 pandemic. These setbacks...
World Food Prices Rise in January – FAO
Prices of food around the world went up in January, mainly due to a jump in vegetable oils index, the Food and Agriculture Organization (FAO)...
Hydrogen Forecast to Meet 12% of Energy Demand by 2050
The International Renewable Energy Agency (IRENA) predicts low-carbon hydrogen could meet 12% of final energy use by 2050, if policies are put in place to...
New Russia-China Gas Pipeline’s Construction Expected to Start in 2024
The construction of the new natural gas pipeline, running from Russia to China through Mongolia, is expected to start in 2024, the Deputy Prime Minister...
Kazakh, Uzbek Refineries Suspend Operation Due to Power Outage
A power outage on Tuesday led to the suspension of work of several refineries in Uzbekistan and Kazakhstan, the commodity price assessment agency Argus Media...
