Essar Energy Transition advances sustainable aviation fuel plans
Essar Energy Transition (EET) has completed the pre-front-end engineering design (pre-FEED) phase for its planned methanol-to-jet (MtJ) facility at the Stanlow refinery. The project aims to produce over 200,000 tonnes per year of sustainable aviation fuel… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
UK’s High Speed 2 rail project costs balloon beyond £100 billion
Transport Secretary Heidi Alexander told MPs that HS2’s estimated budget has risen to £87.7-102.7 billion, with a possible peak of £103 billion. The project’s price tag has almost tripled since the original £37 billion estimate. Services between London and Birmingham are now delayed beyond 2036, with trains reaching London’s Euston station only by 2040-43. Cancelling […]
International Energy Agency warns oil inventories are depleting fast
IEA executive director Fatih Birol says commercial oil inventories are “depleting quickly” due to the supply shock from the Iran war. Strategic reserves are finite, and the market has lost 20% of global supply because of the closure of the Strait of Hormuz. Research firm Capital Economics cautions that if the strait remains closed, Europe […]
US natural gas output and LNG exports headed for new highs
The US Energy Information Administration (EIA) projects dry gas production to rise from 107.7 bcfd in 2025 to 110.6 bcfd in 2026 and 115 bcfd in 2027. That growth cements the US as the world’s top gas producer. LNG shipments are forecast to climb from 15.1 bcfd in 2025 to 17 bcfd in 2026 and 18.2 bcfd in 2027, thanks to […]
Oil prices fall as US pauses Iran attack, but markets remain tight
Brent crude dropped by about 1.45% to $110.48 a barrel after US President Trump said he had postponed a planned strike on Iran. West Texas Intermediate also fell, but analysts warn prices could quickly rebound. Despite the pause, the Strait of Hormuz closure continues to block roughly 20% of global oil and LNG supply. The […]
UK energy price cap projected to rise by 13% from July
Analysts at Cornwall Insight expect Ofgem’s domestic price cap to rise from £1,641 today to about £1,850 in July, adding around £209 to a typical dual‑fuel household bill. The consultancy projects that wholesale gas and electricity prices will remain elevated into autumn, meaning the cap may not fall in October. The big driver is the […]