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Turkey starts supplying Azerbaijani gas to boost Syria's power output

Turkey starts supplying Azerbaijani gas to boost Syria's power output

Yahoo5 days ago
Turkey on Saturday began supplying natural gas from Azerbaijan to Syria, whose infrastructure has been ravaged by a long civil war, with annual deliveries expected to reach up to two billion cubic metres.
Syria's Islamist authorities, who toppled Bashar al-Assad in December, are seeking to rebuild the battered country where power cuts can last for more than 20 hours a day.
Speaking at a ceremony attended by Syria's energy minister and Azerbaijan's economy minister as well as the head of Qatar's development fund, Turkish Energy Minister Alparslan Bayraktar said the initiative would help Syria get back to normal.
"In the initial phase, up to two billion cubic metres of natural gas per year could be exported to Syria," Bayraktar said in the southern province of Kilis near the Syrian border.
Damascus has said the gas would be used to generate electricity.
"The gas will help activate a power plant with a capacity of around 1,200 megawatts, meeting the electricity needs of approximately five million households, and making a significant contribution to the normalisation of daily life in Syria," Bayraktar said.
"We will transport natural gas to Aleppo and from Aleppo to Homs. This will enable the power plants there to be put into operation in the near future," he added.
A first phase of the Qatari scheme to fund gas supplies for power generation in Syria rolled out in March via Jordan and provided 400 megawatts of electricity per day.
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Cheniere and JERA Sign Long-Term LNG Sale and Purchase Agreement
Cheniere and JERA Sign Long-Term LNG Sale and Purchase Agreement

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Cheniere and JERA Sign Long-Term LNG Sale and Purchase Agreement

HOUSTON, August 07, 2025--(BUSINESS WIRE)--Cheniere Energy, Inc. ("Cheniere" or the "Company") (NYSE: LNG) and JERA Co., Inc. ("JERA") jointly announced today that Cheniere Marketing, LLC ("Cheniere Marketing") and JERA have entered into a long-term liquefied natural gas ("LNG") sale and purchase agreement ("SPA"). Under the SPA, JERA has agreed to purchase approximately 1.0 million tonnes per annum ("mtpa") of LNG from Cheniere Marketing on a free-on-board basis from 2029 through 2050. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee. "We are pleased to enter into this multi-decade agreement with JERA, the largest power producer in Japan and one of the largest buyers of LNG in the world," said Jack Fusco, Cheniere's President and Chief Executive Officer. "This SPA fortifies our longstanding relationship with JERA, which is based upon years of cooperation and mutually beneficial LNG trade. We look forward to providing our flexible, reliable and cleaner burning LNG to JERA through 2050 under this new long-term agreement." Yukio Kani, Global CEO and Chair of JERA adds, "JERA and Cheniere have built a trusted relationship over many years, and we are pleased to extend this relationship further. This long-term agreement with Cheniere—a global leader in LNG—supports JERA's strategy to diversify and strengthen our LNG procurement portfolio, reinforcing our role as a long-term energy partner in the U.S. and deepening our commitment to securing reliable energy supplies. Together, we will continue to contribute to the energy security, stability, and sustainability of Japan and the broader region for decades to come." About Cheniere Cheniere Energy, Inc. is the leading producer and exporter of LNG in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 49 mtpa of LNG in operation and an additional over 12 mtpa of expected production capacity under construction, inclusive of estimated debottlenecking opportunities. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, Dubai and Washington, D.C. For additional information, please refer to the Cheniere website at and Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the Securities and Exchange Commission. About JERA JERA is a global energy leader and Japan's largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the Company produces one-third of Japan's electricity, and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. In support of a responsible energy transition, JERA has committed to achieving net-zero CO₂ emissions from its domestic and overseas businesses by 2050. Forward-Looking Statements This press release contains certain statements that may include "forward-looking statements" within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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It's time for Newsom to pull the brake on California's $128 billion ghost train
It's time for Newsom to pull the brake on California's $128 billion ghost train

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timean hour ago

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It's time for Newsom to pull the brake on California's $128 billion ghost train

Print Close By Joshua Thompson Published August 07, 2025 It's not every day a state manages to burn through billions and still ask for more. But California's high-speed rail project has always been exceptional in that way. Last month, the federal government finally said enough, scrapping $4 billion in funding after years of missed deadlines, ballooning budgets and political theatrics. You'd think that would halt the train. Instead, the state celebrated by tweeting about construction jobs and posting photos of rebar. Ten years ago, I did the math and showed that for the price of California's high-speed rail project, we could fly every Californian roundtrip to Tokyo, buy them a bullet train ticket to Kyoto and put them up for two nights at the Ritz-Carlton. And we'd still have money left over for sushi. A decade later, the bullet train still hasn't arrived. But the fantasy rolls on, powered by taxpayer dollars and bureaucratic inertia. HIGH-SPEED RAIL ISN'T CALIFORNIA'S ONLY EXPENSIVE BOONDOGGLE With the federal spigot finally turned off, the California High-Speed Rail Authority responded not with humility but with a victory lap: proudly tweeting that it had created "15,500 jobs" on what it still calls "America's only high-speed rail project." The image? A construction worker twisting rebar beside an American flag – an attempt to wrap a failed infrastructure project in patriotism. But no flag can cover what this really is: a taxpayer-funded monument to mismanagement. The promise that voters approved in 2008 was clear: a 220 mph electric train connecting San Francisco and Los Angeles for $33 billion. A transformative project that would rival the Shinkansen in Japan or the TGV in France. But since then, the cost has soared to $128 billion – and the finish line keeps receding into the future. The real project today? A partial rail segment between Merced and Bakersfield, two cities that were never at the heart of the project's original purpose. It's like building an airport shuttle that runs between a cornfield and a rest stop. No one asked for it. No one will ride it. 3 REASONS CALIFORNIA'S GREEN ENERGY CAMPAIGN IS DYING ON THE VINE The High-Speed Rail Authority now leans hard on "job creation" as the justification. Of course it does. When a project stops making sense as transportation, "jobs" becomes the political life raft. But as Milton Friedman famously said, if you just want to create jobs, you could hand workers spoons instead of shovels. Ten years later, the math still checks out. You could:Fly every Californian – roughly 39 million people – roundtrip to Tokyo in coach: $1,200 per personAdd a roundtrip Shinkansen bullet train ticket to Kyoto: $200Two nights at the Ritz-Carlton Kyoto: $1,400 Total: $2,800 per person × 39 million = $109 billion MORNING GLORY: DEFINING VULGARITY DOWNThat's still $19 billion cheaper than California's train to nowhere. Or put differently: for what we've spent on a train no one can ride, we could have given every person in the state a literal journey of a lifetime. And yet the project continues – because no one in Sacramento wants to be the one to stop it. Least of all, Gov. Gavin Newsom, who publicly "paused" the project in 2019, then quietly restarted it three years later. He now appears to be auditioning for national office. But if he runs, this project will run with him. It should. It deserves his name: The Newsom Line. A monument to ambition without competence. CLICK HERE FOR MORE FOX NEWS OPINION If this were actually about transportation, the state would simply let Southwest Airlines continue doing what it does better, faster and cheaper than the state ever could. Instead, we're funding a jobs program disguised as a train. Gov. Newsom, pull the brake. If you want to be a national leader, show some leadership. End this. Or accept that your name will be forever welded to the most expensive ghost train in American history. CLICK HERE TO GET THE FOX NEWS APP Print Close URL

It's time for Newsom to pull the brake on California's $128 billion ghost train
It's time for Newsom to pull the brake on California's $128 billion ghost train

Fox News

timean hour ago

  • Fox News

It's time for Newsom to pull the brake on California's $128 billion ghost train

It's not every day a state manages to burn through billions and still ask for more. But California's high-speed rail project has always been exceptional in that way. Last month, the federal government finally said enough, scrapping $4 billion in funding after years of missed deadlines, ballooning budgets and political theatrics. You'd think that would halt the train. Instead, the state celebrated by tweeting about construction jobs and posting photos of years ago, I did the math and showed that for the price of California's high-speed rail project, we could fly every Californian roundtrip to Tokyo, buy them a bullet train ticket to Kyoto and put them up for two nights at the Ritz-Carlton. And we'd still have money left over for sushi. A decade later, the bullet train still hasn't arrived. But the fantasy rolls on, powered by taxpayer dollars and bureaucratic inertia. HIGH-SPEED RAIL ISN'T CALIFORNIA'S ONLY EXPENSIVE BOONDOGGLEWith the federal spigot finally turned off, the California High-Speed Rail Authority responded not with humility but with a victory lap: proudly tweeting that it had created "15,500 jobs" on what it still calls "America's only high-speed rail project." The image? A construction worker twisting rebar beside an American flag – an attempt to wrap a failed infrastructure project in patriotism. But no flag can cover what this really is: a taxpayer-funded monument to mismanagement. The promise that voters approved in 2008 was clear: a 220 mph electric train connecting San Francisco and Los Angeles for $33 billion. A transformative project that would rival the Shinkansen in Japan or the TGV in France. But since then, the cost has soared to $128 billion – and the finish line keeps receding into the future. The real project today? A partial rail segment between Merced and Bakersfield, two cities that were never at the heart of the project's original purpose. It's like building an airport shuttle that runs between a cornfield and a rest stop. No one asked for it. No one will ride it. 3 REASONS CALIFORNIA'S GREEN ENERGY CAMPAIGN IS DYING ON THE VINEThe High-Speed Rail Authority now leans hard on "job creation" as the justification. Of course it does. When a project stops making sense as transportation, "jobs" becomes the political life raft. But as Milton Friedman famously said, if you just want to create jobs, you could hand workers spoons instead of shovels. Ten years later, the math still checks out. You could:Fly every Californian – roughly 39 million people – roundtrip to Tokyo in coach: $1,200 per personAdd a roundtrip Shinkansen bullet train ticket to Kyoto: $200Two nights at the Ritz-Carlton Kyoto: $1,400Total: $2,800 per person × 39 million = $109 billion MORNING GLORY: DEFINING VULGARITY DOWNThat's still $19 billion cheaper than California's train to nowhere. Or put differently: for what we've spent on a train no one can ride, we could have given every person in the state a literal journey of a yet the project continues – because no one in Sacramento wants to be the one to stop it. Least of all, Gov. Gavin Newsom, who publicly "paused" the project in 2019, then quietly restarted it three years later. He now appears to be auditioning for national office. But if he runs, this project will run with him. It should. It deserves his name: The Newsom Line. A monument to ambition without competence. CLICK HERE FOR MORE FOX NEWS OPINIONIf this were actually about transportation, the state would simply let Southwest Airlines continue doing what it does better, faster and cheaper than the state ever could. Instead, we're funding a jobs program disguised as a Newsom, pull the brake. If you want to be a national leader, show some leadership. End this. Or accept that your name will be forever welded to the most expensive ghost train in American HERE TO GET THE FOX NEWS APP

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