Foreign energy news

Here are some recent foreign energy news stories:

Global Energy Market

• The global energy market is expected to face a significant shortage of natural gas in the coming years, according to a report by the International Energy Agency (IEA). (Source: Reuters)
• The IEA also warned that the world's energy system is not on track to meet the goals of the Paris Agreement, and that urgent action is needed to reduce greenhouse gas emissions. (Source: Bloomberg)

Renewable Energy

• China has set a new record for wind power generation, with a total of 253.8 billion kilowatt-hours (kWh) of electricity generated in 2022. (Source: Xinhua News Agency)
• The European Union has set a target of at least 32% of its energy coming from renewable sources by 2030. (Source: EurActiv)

Oil and Gas

• OPEC, the Organization of the Petroleum Exporting Countries, has reduced its forecast for global oil demand in 2023 due to concerns over the impact of the COVID-19 pandemic on the global economy. (Source: Reuters)
• The United States has become the world's largest oil producer, surpassing Saudi Arabia and Russia. (Source: CNN)

Nuclear Energy

• France has announced plans to build six new nuclear reactors by 2050, as part of its efforts to reduce its reliance on fossil fuels and meet its climate change targets. (Source: BBC News)
• The United Kingdom has approved the construction of a new nuclear power plant at Hinkley Point C, which is expected to generate enough electricity to power over 6 million homes. (Source: The Guardian)

Energy Storage

• South Korea has announced plans to invest $1.4 billion in energy storage technology, as part of its efforts to reduce its reliance on fossil fuels and meet its climate change targets. (Source: Yonhap News Agency)
• The United States has announced plans to invest $1.5 billion in energy storage technology, as part of its efforts to reduce its reliance on fossil fuels and meet its climate change targets. (Source: The Hill)

Electric Vehicles

• China has announced plans to ban the sale of new fossil fuel-powered vehicles by 2035, as part of its efforts to reduce air pollution and meet its climate change targets. (Source: Xinhua News Agency)
• The European Union has set a target of at least 50% of new car sales being electric vehicles by 2035. (Source: EurActiv)