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UK Develops Cybersecurity Plan to Defend Against Threats in Power Sector

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The UK government is developing a strategy to boost cybersecurity to protect energy infrastructure, it said on Thursday, to counter growing threats linked to digitalization.

The strategy is a four-year plan to embed cyber security in Great Britain's clean energy system as it expands the grid and supplies of renewable and nuclear power, while seeking to increase resilience of existing infrastructure.

The government will work with the National Energy System Operator, energy regulator Ofgem and the National Cyber Security Centre to identify cyber threats and defend against them.

One aspect of this is increased powers for cyber regulators as stipulated in the Cyber Security and Resilience Bill, currently being examined by the parliament.

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Kenli 10-2 Oilfield 1st Phase in China's Bohai Sea Begins Full Production

China National Offshore Oil said Wednesday the first phase of the Kenli 10-2 oilfield in the south Bohai Sea has begun full production, exceeding 2,800 tons per day.The company, known as Cnooc, completed relevant operations on all 79 development wells, with pump startup activities conducted for both cold and hot production wells. The first round of heat injection on 24 thermal recovery wells was also completed, according to the statement.Kenli 10-2 oilfield is a "branching heavy oil reservoir," requiring new development methods as oil and gas are stored in "narrow, long, and winding sand bodies," the company noted."The full commissioning of the first phase of the Kenli 10-2 oilfield project provides a technical solution that can be learned from, replicated and promoted for the effective development of similar oil reservoirs," it said, boosting production at the Bohai Sea oilfield, which contains over 100 million tons of reserves.

Commodities

Market Chatter: Malaysia Raises Gas-Fired Power Generation Using Domestic Reserves, Lowers Coal Use

Malaysia has driven down its use of coal in power generation and ramped up gas-fired supply by turning to its domestic offshore reserves, bucking a trend of increased coal use in response to the Middle East crisis, Reuters reported on Thursday.This is all the more remarkable coming at a time of record power demand due to a heatwave pushing up air conditioner use and the opening of power-hungry data centers.Power demand in peninsular Malaysia, which represents about 80% of the country's consumption, rose 11.5% in April while generation of electricity from gas rose 50.5% over the same period, data from Malaysia's Grid System Operator showed, the article said.In absolute terms, gas-fired generation rose to a record 5.54 terawatt-hours in April and coal-fired generation fell at its steepest in more than three years to 6.67 terawatt hours, still ahead of gas despite its downward trend.Proportionally, gas provided 42.6% of peninsular power in April, the highest since Oct. 2019 and coal's share slipped to 51.2% in April, down from 62.2% in the same month of 2025.Malaysia, the world's No. 5 LNG exporter, delivered 446,000 metric tons of LNG from offshore gas fields to the peninsular part of the country this year, tripling from 2025's full-year deliveries of 150,000 tons, the article said, citing data from analysts Kpler.The article says that trend reflects Malaysia's abandonment of a strategy according to which it imported coal to generate power at lower cost, a movement in the opposite direction to South Korea and Japan which are using more of the solid fuel as LNG grows more scarce.Malaysia keeps gas prices for the domestic power industry lower than international LNG benchmarks, a discount which has been a driver of data center investments in the country, Energy Aspects analyst Kesher Sumeet said, offering a forecast of 4% power demand growth in the coming years.Despite meeting growing demand with its own reserves, Malaysian flagship energy company Petronas said last year that the country would be importing growing volumes of LNG by the end of the decade as data centers drive up power demand, the article said.Malaysia has increased LNG exports 14.6% year over year, so far in 2026 to 12.81 million tons, Kpler data showed, according to the article.It quoted ICIS analyst Alex Siow as saying that it may be better for Petronas to maintain LNG exports as per long-term contracts, to be able to buy LNG more cheaply on the spot market later, based on his expectation of LNG oversupply after 2028.has contacted Malaysia's grid system operator seeking confirmation of the trends and the reasoning behind them.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Commodities

Canadian Ksi Lisims LNG Facility Enters Preliminary Supply Deal With EU's SEFE

Ksi Lisims LNG, a proposed liquefied natural gas facility in British Columbia, Canada, on Wednesday said it has signed a preliminary agreement for the sale and purchase of 1 million tonnes per annum of LNG with the EU's Securing Energy for Europe, better known as SEFE, which is headquartered in Germany.As per the contract terms, which are subject to the completion of sales and purchase agreement, Ksi Lisims LNG will sell LNG to SEFE on a free on board basis for up to 20 years, according to a statement.The facility, to be located in Pearse Island, is expected to produce 12 Mtpa of LNG from two floating LNG production and storage facilities.The plant will be supported by renewable hydroelectricity and is designed to be among the lowest emissions LNG facilities in the world, the statement added.The German government owned SEFE provides energy solutions, with their activities covering the energy value chain from origination and trading to sales, transport and storage. It provides over 200-terawatt hours of gas and power annual to more than 50,000 clients including industrial customers, small businesses, municipalities and multinational organisations, the statement said.