https://sagire.online/topic/energy/ Rolling analysis and coverage of geopolitics, energy, security and supply chains. en Thu, 05 Nov 2026 02:48:00 -0300 https://sagire.online/wire/79253343/https://sagire.online/wire/79253343/Wed, 04 Nov 2026 20:22:00 -0300Sub-Saharan Africa's liquefied natural gas (LNG) exports are set to grow nearly 175% to 98 billion cubic meters in 2034 from 35.7 billion in 2024, according to Fitch, as buyers flee the Strait of Hormuz. The African Energy Chamber projects about US$ 40 billion a year in exploration and production investment through 2030, lifting the continent's hydrocarbon output to 12.5 million barrels of oil equivalent per day. In Mozambique, TotalEnergies' US$ 20 billion LNG project, with capacity of 13.1 million tonnes per year, resumed construction in January after the end of a four-and-a-half-year force majeure and is about 45% complete.MozambiqueAfricaEnergyStrait of HormuzThe Gulf https://sagire.online/wire/c873cdb9/https://sagire.online/wire/c873cdb9/Wed, 04 Nov 2026 20:21:00 -0300Brent fell US$ 8.94, or 8.6%, to US$ 94.66 per barrel on Wednesday, after touching its lowest level since September 4, with traders pricing an end to the war against Iran, according to OilPrice. WTI dropped US$ 8.01, or 8.3%, to US$ 88.08, while Brent traded near US$ 118 on Friday. Gulf exports of crude and products averaged 17.1 million barrels per day in October, down from 18.9 million in September, roughly three-quarters of the pre-war level, according to Vortexa. The US Department of Energy announced the loan of 300,000 barrels from the Northeast home heating oil reserve to four companies, nearly a third of the stockpile, and heating oil futures fell about 7%.United StatesOilEnergyThe Gulf https://sagire.online/wire/ced3a67a/https://sagire.online/wire/ced3a67a/Wed, 04 Nov 2026 18:23:00 -0300QatarEnergy signed a 20-year agreement to buy 3 million metric tons per year of liquefied natural gas (LNG) from Woodside Energy’s facilities in Louisiana and, a week earlier, struck deals with Cheniere for up to 4 million tons per year through 2054, according to Reuters, in a text republished by gCaptain. Deliveries under the contracts begin in 2030 and 2031 and will make Qatar the largest buyer of US LNG. Unlike its neighbors, the small Gulf state has no viable route for exporting LNG other than the Strait of Hormuz. QatarEnergy CEO Saad al-Kaabi told Reuters he expects to sign additional supply agreements with US and other producers this year. The company declared force majeure on LNG supplies in March, after the war with Iran led to the blockade of Hormuz and attacks on its Ras Laffan facilities; the measure runs through December.QatarEnergyThe GulfStrait of Hormuz https://sagire.online/wire/505ec90e/https://sagire.online/wire/505ec90e/Wed, 04 Nov 2026 17:25:00 -0300According to OilPrice, the Japan-Korea Marker, Asia’s liquefied natural gas (LNG) benchmark, topped $31 per million British thermal units this month and briefly rose above $33, compared with a little over $9 in January. The International Energy Agency (IEA) estimated that the war between the United States, Israel and Iran cost the world some 60 billion cubic meters of LNG supply in the eight months to October. QatarEnergy has signed two long-term deals to buy US gas, 4 million tons a year from Cheniere Energy and 3 million tons a year from Woodside Energy, which will make it the biggest foreign buyer of US liquefied gas, according to Reuters. Global gas consumption fell 1%, or 35 billion cubic meters, in the first nine months of the year.QatarEnergyTrade https://sagire.online/wire/f5ef2431/https://sagire.online/wire/f5ef2431/Wed, 04 Nov 2026 15:23:00 -0300The closure of the Strait of Hormuz cost Europe 127 billion euros in higher fossil fuel prices, Ursula von der Leyen said at an event in Brussels. In the same speech, she argued that imported fossil fuels had cost Europe 127 billion euros more “without bringing one extra molecule of energy”. About a fifth of the oil and liquefied natural gas (LNG) transported by sea worldwide passed through Hormuz before the US-Israeli attack on Iran in late February, which led Tehran to effectively shut the strategic waterway.European UnionStrait of HormuzEnergy https://sagire.online/wire/1029f46c/https://sagire.online/wire/1029f46c/Wed, 04 Nov 2026 15:23:00 -0300Bloomberg reported plans by Abu Dhabi's state oil company, Adnoc, for a third pipeline from the western coast of the United Arab Emirates (UAE) to Fujairah that could supply Asian customers and bypass Hormuz. The existing pipeline, Habshan–Fujairah, has run since 2012 with a capacity of 1.5 million barrels a day, expandable to 1.8 million, and a second, the West-East pipeline, is expected to start operating in 2027. Adnoc told Bloomberg the report was not accurate and “purely speculative”.United Arab EmiratesStrait of HormuzEnergyOil https://sagire.online/wire/737d99ee/https://sagire.online/wire/737d99ee/Wed, 04 Nov 2026 14:22:00 -0300Russia attacked overnight with 310 drones, including 81 jet-powered drones, according to Ukraine’s air force, which said it downed or suppressed 272 drones of various types. The attacks triggered power and water outages for hours across Kyiv and surrounding regions, and residents in the capital were urged to use public drinking water fountains before supplies were restored. Russia’s Ministry of Defense said it shot down 709 Ukrainian drones the previous night. Retailer Ozon said a drone attack caused a fire at its logistics center in Adygeysk, in Russia’s Adygea region, but that there were no casualties.RussiaUkraineDronesEnergyConflict https://sagire.online/wire/abcdf367/https://sagire.online/wire/abcdf367/Wed, 04 Nov 2026 13:22:00 -0300Equinor halted output at its Visund oil and gas platform in the Norwegian North Sea after a fire in an electrical switchboard room; the flames are out, no one was injured and the company reported the incident to authorities. A notice from Norwegian gas system operator Gassco cut the platform's capacity to 2.5 million cubic meters per day on Wednesday and to zero for Thursday's gas day, with the duration listed as uncertain; the field's 13.2 million cubic meters per day of gas export capacity goes off the market from Thursday. Equinor moved between 70 and 80 of the 128 workers on board to nearby installations and said repairs will be needed, with no timeframe for restarting production. Visund has produced since 1999 and sent 5.1 billion cubic meters of gas to market in 2025, shipped through the Kvitebjørn pipeline to the Kollsnes plant and on to Europe.NorwayEnergyEurope https://sagire.online/wire/b59550e1/https://sagire.online/wire/b59550e1/Wed, 04 Nov 2026 12:23:00 -0300Ukrainian drone strikes have killed three people in Russia’s Belgorod region, while attacks cut power to multiple cities in Ukraine and parts of Russian-occupied Crimea, according to officials. President Volodymyr Zelenskyy said Russia’s overnight attacks damaged power generation facilities and substations in nine regions, leaving emergency outages in many cities. Russia’s Defense Ministry confirmed on Telegram that it hit two power stations in Ukraine’s Kyiv and Zhytomyr regions and said it downed 709 Ukrainian drones across 14 regions, Crimea and the Black and Azov seas. In southern Russia, a Ukrainian drone attack started a fire at a distribution facility of Ozon, in the town of Adygeysk in the Republic of Adygea, regional head Murat Kumpilov said. Kremlin spokesman Dmitry Peskov said he hoped Trump would continue his peacemaking efforts after the Democratic victory and treated any changes in Congress as a domestic US matter: “President Trump continues to exercise his powers. We sincerely hope that he will also continue his peacemaking efforts.”RussiaUkraineConflictEnergyDronesCritical infrastructure https://sagire.online/wire/8758a004/https://sagire.online/wire/8758a004/Wed, 04 Nov 2026 12:23:00 -0300New Jersey Democratic Governor Mikie Sherrill warned port and terminal operators in the state against “purchasing or unloading the illegal Russian fuel currently bound for the east coast of the United States,” in a letter dated November 2. Sherrill said Congress banned energy imports from Russia in April 2022, in response to the country’s attack on Ukraine, and that importing Russian diesel would violate the ban and could lead to civil and criminal charges. A Treasury license authorizes transactions tied to the sale, delivery, offloading and importation of Russian diesel, including into the United States, through April 7, 2027. The White House defended the authorization: “The President secured a deal to supply global markets with diesel, lowering prices for the United States and the world,” spokeswoman Taylor Rogers said. A Phillips 66 executive said he did not believe Russia has enough distillate to make much of a difference to the global supply crunch.United StatesRussiaSanctionsEnergy https://sagire.online/wire/40547d84/https://sagire.online/wire/40547d84/Wed, 04 Nov 2026 12:23:00 -0300Aliko Dangote on Wednesday broke ground for a planned fuel storage site in Namibia, which will serve as a fuel distribution hub in southern Africa, in an OilPrice report based on Bloomberg’s reporting. The project, expected to cost $2.5 billion, includes a fuel depot outside the main port of Walvis Bay and a 1,700-kilometer pipeline to bring fuels to Botswana and South Africa, and potentially to other countries. “We want to heavily invest so that most of the landlocked countries will be able to access petroleum products at a cheaper price,” Dangote said at the event. The initial public offering of a minority stake in Dangote’s refinery could raise as much as $2.1 billion if the company exercises its greenshoe option.NigeriaEnergySouth AfricaAfrica https://sagire.online/wire/3d8ba2d7/https://sagire.online/wire/3d8ba2d7/Wed, 04 Nov 2026 11:23:00 -0300Iran’s Oil Ministry brought the private sector together on Tuesday to discuss winter gas supply, in a meeting with acting Oil Minister Hamid Bovard. Bovard said current conditions are not normal and that energy issues cannot be approached with the usual past perspective. The ministry says it is working around the clock to restore lost gas production capacity and return to the previous level as quickly as possible.IranEnergyOil https://sagire.online/wire/aa1ba9c4/https://sagire.online/wire/aa1ba9c4/Wed, 04 Nov 2026 10:22:00 -0300Spanish energy firm Moeve, majority owned by Abu Dhabi fund Mubadala, said on Wednesday it had agreed to sell its Algerian oil assets to Indonesia’s state energy firm Pertamina. The deal includes Moeve’s minority stakes in the Rhourde el Khrouf, Bir el Msana and Ourhoud onshore oilfields in Algeria’s Berkine Basin. The company has also agreed to sell its minority stake in Algeria’s Timimoun onshore gas field, a person familiar with the matter said. The sale of its Algerian upstream assets will complete Moeve’s withdrawal from the exploration and production business.AlgeriaIndonesiaOilEnergySpain https://sagire.online/wire/41df22c9/https://sagire.online/wire/41df22c9/Wed, 04 Nov 2026 10:22:00 -0300The Hamburg Higher Regional Court has scheduled 19 more hearings between February and June 2027, extending until at least mid-2027 the trial over the sabotage of the Nord Stream and Nord Stream 2 pipelines, court press spokeswoman Judge Mareike Franzen said. Sergey Kuznetsov, a former special operations officer of the Ukrainian Armed Forces, is standing trial, charged with a war crime, carrying out explosions, destroying structures and disrupting the operations of public utilities. He was detained in Italy in August 2025 and extradited to Germany.GermanyJusticeEnergyRussia https://sagire.online/wire/38700400/https://sagire.online/wire/38700400/Wed, 04 Nov 2026 09:23:00 -0300Democrat Jon Rosenthal defeated Republican Bo French by 52.6% to 45.5% in the race for the Texas Railroad Commission, with 94% of the votes counted, according to the Associated Press (AP). A state representative who describes himself as a “drill-baby-drill Democrat,” Rosenthal is the first Democrat elected to the commission since Bob Krueger in 1990; no Democrat had served on the three-member commission since 1994. The commission regulates an industry that pumps more crude than every member of the Organization of the Petroleum Exporting Countries (OPEC) except Saudi Arabia.United StatesElectionsOilEnergy