CNA Explains: Why Asia will bear the economic brunt of the Iran war

In addition to oil, nearly 90 per cent of liquefied natural gas (LNG) exported through the Strait is also bound for Asian markets, which accounted for around 27 per cent of Asia’s total LNG imports that year. Bangladesh, India and Pakistan imported almost two-thirds of their total LNG supplies via the Strait of Hormuz in … Read more

Russian oil tanker bound for China arrives in India; first of seven vessels

The Russian oil tanker Aqua Titan, originally bound for China, has reached India’s west coast and is the first of at least seven such vessels diverted towards the country amid global supply disruptions. The medium-sized tanker, which was loaded at a Baltic Sea port in late January, was originally bound for the Chinese port of … Read more

US allies reject Trump call for escorts on Strait of Hormuz – The Irish Times

Nato countries have rejected the call by US president Donald Trump to send warships to escort shipping through the Strait of Hormuz. The US-Israeli war on Iran is in its third week, largely shutting the strait, through which 20 per cent of the world’s oil and liquefied natural gas flow, raising energy prices and fears … Read more

Cork sailor stranded on gas carrier in Persian Gulf as war in the Middle East escalates – The Journal

Cork sailor stranded on gas carrier in Persian Gulf as war in the Middle East escalates  The Journal ‘We’re powerless … and hoping nothing hits us’: trapped on a tanker as Iran war escalates  The Guardian Timelapse shows change in the flow of ships in the Strait of Hormuz  BBC Ships and planes are vulnerable to GPS jamming. … Read more

Supreme Court issues significant ruling in favour of climate action in wind farm case – The Journal

Supreme Court issues significant ruling in favour of climate action in wind farm case  The Journal Supreme Court upholds order overturning wind farm refusal  RTE.ie Supreme Court to clarify climate law obligations of planning authorities  The Irish Times Decision to refuse permission for Laois wind farm to be quashed after court judgment  The Irish Times Source link

Australia and Timor-Leste Push to Fast-Track Giant Offshore Gas Project

Australia and Timor-Leste call for the Greater Sunrise offshore gas project to be developed as soon as possible, the two countries said in a joint declaration on Wednesday, as Australia looks to boost its domestic gas supply. The Greater Sunrise fields, operated by Australia’s Woodside Energy, are located north-west of Darwin, Australia, but are closer … Read more

Excelerate see Vietnam as a gateway to ASEAN”s LNG market

US firm Excelerate Energy has proposed the establishment of a joint venture with a Vietnamese partner to expand the liquefied natural gas (LNG) market, aiming to transform the country into a distribution centre for the region. During a working trip to the US, Minister of Industry and Trade Nguyen Hong Dien and the Vietnamese delegation … Read more

Global Forest Loss Tops Record as Wildfires Drive

(Bloomberg) — Global loss of tropical and boreal forests surged to a record high last year as unprecedented temperatures fueled fires, releasing more than four times the emissions of all air travel in 2023. That’s according to the latest annual assessment by Global Forest Watch, a platform run by the nonprofit World Resources Institute, which drew … Read more

Thailand Eyes US LNG Boost Amid Trump Tax Concerns

    Energy sector sources suggest that a significant increase in US LNG imports would necessitate a change in current policy, specifically the deregulation of LNG exports, which are presently restricted by the government for national energy security.   Despite this, the energy industry is reportedly ready to support the government in importing more energy … Read more