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Editorial: Gas Markets In Turnaround [Ngw Magazine]

Asian spot prices have gone below European hubs this winter: it was mild and China burned more coal and took less US LNG. But at sub $5/mn Btu, neither region can reward US LNG exporters. Oversupply, rather than low demand, is the reason, according to Marex Spectron analysts at a media briefing. ... An excerpt from NGW

China wants to ban Bitcoin mining because it ‘seriously wasted resources’

The National Development and Reform Commission (NDRC), the country's chief planning regulator, has unveiled a paper with a proposal to ban Bitcoin mining, saying it has "seriously wasted resources."Many have already come to Quebec where hydro power is cheap, plentiful and non-polluting, but others have set up shop at dirty coal plants in Australia and elsewhere....An excerpt from Engadget

What Does The New Silk Road Mean For Oil And Gas? [GGP]

..the overarching theme of the 2019 International Petroleum, Technology Conference (IPTC) being hosted in Beijing this week executives from China National Petroleum Corporation (CNPC) and Saudi Aramco—the conference’s two major sponsors and hosts—shed light on how they expect the arrangement to unfold in the years to come during IPTC's opening sesssion. Wang Yilin, the chairman of CNPC and IPTC's honory chairman.......

Oil Search signs multibillion-dollar PNG gas deal

Oil Search has signed an agreement with the Papua New Guinean government to develop a $US15 billion ($21 billion) gas field in the country. The agreement allows Oil Search, and joint-venture partners Total, Papua New Guinean (PNG) national oil company Kumul Petroleum and ExxonMobil, to develop the Elk-Antelope and P’nyang gas fields off the country’s shores.... An excerpt from SMH

New LNG trading platform to be launched in Singapore

Reuters is reporting that Kpler and Powernext plan to launch an LNG trading platform in Singapore later this year. In March, Kpler and Powernext combined their resources to set up Spark Commodities in Singapore, with Tim Mendelssohn, formerly of Koch Supply and Trading and BP, as its managing director. .. aiming to launch the trading platform by 4Q19... An excerpt from Ingindustry

World first soil carbon project a giant leap for humankind

The Grounds Keeping Project sequestered 11t CO2-e/ha on farm land between baseline and second round soil sampling over a period of 1 year. This level of sequestration is equivalent to what might be expected from an environmental plantings project in the same region. Furthermore, it is not taking land out of food production, meaning it is agriculture plus carbon...

Chinese company to get 100 mln-USD ADB loan for waste-to-energy projects

China's SUS Environment Co., Ltd. on Monday signed an agreement with the Asian Development Bank (ADB) for a loan of 100 million U.S. dollars. The ADB loan will provide financing for the company's waste-to-energy (WTE) projects located in Taiyuan, the capital city of north China's Shanxi Province... An excerpt from XinhuaNET

Exclusive: United States sets sights on China in new electric vehicle push

U.S. government officials plan to meet with executives from automakers and lithium miners in early May as part of a first-of-its-kind effort to launch a national electric vehicle supply chain strategy, according to three sources familiar with the matter. “There’s a real opportunity in the electric vehicle supply chain if the United States wakes up,” said Jonathan Evans, president of...

Korea Global Adaptation Week to Chart a Path to a Climate-Resilient Future

world experts and leaders will meet next week at the Korea Global Adaptation Week in Songdo (8-12 April) to discuss ways to enhance adaptation to climate change. Hosted by the Ministry of Environment of the Republic of Korea, the Korea Global Adaptation Week is organized by UN Climate Change, the Korea Environment Institute (KEI), the Korea Adaptation Centre for Climate...

South Korea tests U.S. super light oil amid Iran waiver uncertainty – Reuters

South Korea has begun testing super-light U.S. oil sold by Anadarko Petroleum (APC +0.1%) as a substitute for Iranian crude, as it awaits word from the U.S. government on whether it can keep buying oil from Iran, Reuters reports.... An excerpt from Seeking Alpha

Pig farmers in the Jiwaka Province will benefit from a livestock traceability system using the blockchain technology, courtesy of the PNG E-Agriculture initiative. A pilot project was launched on...

Pig farmers in the Jiwaka Province will benefit from a livestock traceability system using the blockchain technology, courtesy of the PNG E-Agriculture initiative. A pilot project was launched on March 11 2019 at the Provincial Headquarters in Kurumul, followed by field deployment of the system involving interested pig farmers from the North and South Whagi districts.... An excerpt from PNG...

Industry key to Labor’s climate plan

The 250 biggest polluters must either cut their emissions or buy credits to offset any above a baseline level, and they would again be allowed to buy from international markets. But experts say it might be a moot point with Australian abatement among the cheapest globally, at about $15 a tonne. While it is not clear yet which international markets Australian...

China Shipbuilding Industry Company Limited (CSICL) to Trial Blockchain for Supply Chain Finances

A recent report from Chinese media outlet People’s Daily has confirmed that China Shipbuilding Industry Company Limited (CSICL) is going to experiment with blockchain technology to see if it can be used to finance their upstream suppliers. CSICL is a subsidiary of China Shipbuilding Industry Corporation (CSIC) which is one of the two biggest shipping conglomerates from China. CSICL is...

Woefully dirty’: government accused over Australia’s failure to cut vehicle emissions

Cuts to carbon emissions from vehicle efficiency standards have been left out of government projections for meeting Australia’s Paris climate commitments, indicating the policy has been shelved. The office of the transport minister, Michael McCormack, said the government had not made a decision on “how or when” standards to cut carbon pollution from vehicles might be implemented.... An excerpt from The...

UPDATE 1-China expects first trade in national emissions scheme in 2020

China expects to make the first trade on the long-awaited national emission trading scheme in 2020, a senior climate official said on Saturday, as part of Beijing’s efforts to fulfill its commitment to reducing greenhouse gas emission. “China will speed up construction of the national carbon trading scheme this year and aim to carry out the first trade among coal-fired...

Manufacturers Have Trouble Securing Carbon Credits Due to Sharp Decline in Trading

As no carbon emission permits have been put up for sale for a while despite high prices, there has been no emission permit transaction in the market. As a result, companies which have failed to secure carbon credits are facing a crisis. They want to buy emission permits even with high prices, but they cannot get them and are...

China’s power industry calls for hundreds of new coal power plants by 2030

In its review of the government’s five-year-plan, China Electricity Council (CEC) – the influential industry body representing China’s power industry – recommended adopting a ‘cap’ for coal power capacity by 2030 — but the 1300GW limit proposed is 290GW higher than current capacity. The target is for the country’s coal-fired capacity to continue to grow until peaking in 2030. The...

China bucking global shift from coal-fired power: environmental study

China restarted construction on more than 50 gigawatts (GW) of suspended coal-fired power plants last year, bucking a global shift away from fossil fuels, a new study showed on Thursday. But satellite images show China “quietly resumed” construction in 2018 on dozens of previously shelved plants, making it a “glaring exception to the global decline”, said a joint report by...

Japan to rule out coal-fired plants as international criticism rises

The Environment Ministry said that in principle it will not sanction construction of new large coal-fired power plants nor boilers to existing facilities in line with Japan's international pledges to tackle global warming. The policy initiative, announced March 28 by Environment Minister Yoshiaki Harada, follows criticism that Japan is reluctant to break with such power generation, particularly after the 2011...

ETS revamp: averaging accounting for forests

Forestry Minister Shane Jones and Climate Change Minister James Shaw have today announced a second set of changes to the Emission Trading Scheme (ETS) as part of broader reforms to make the scheme fit-for-purpose. “The timing of this decision – as the 2019 planting season is about to get under way – is important for forest owners. They can now...

Emissions Trading announcement is incentive for farmers

Forest owners believe the just announced reform of the Emissions Trading Scheme will encourage farm foresters and hill country pastoral farmers to plant more trees. Farm Forestry Association Chair, Neil Cullen, says carbon average accounting, where a forester is not penalised for harvesting so long as they replant, will encourage farmers to plant out land in forests, without a concern...

EDF Buys Into Two Chinese Offshore Wind Projects

French energy company EDF has signed an agreement with the Chinese utility China Energy Investment Corporation (CEI) to jointly deliver two offshore wind power projects in China. The Dongtai IV and V offshore wind farms account for a total installed capacity of 500MW and will be the EDF Group’s first offshore projects in China. With 3.8GW of offshore wind capacity already...

Seoul To Plant 30 Million Trees By 2022 To Fight Fine Dust

A total of 30 million trees will be planted in Seoul by 2022 and two large forests will be formed as part of efforts to mitigate worsening air pollution and urban heat, the Seoul Metropolitan Government announced Tuesday. A total of 480 billion won will be spent on the project over the next four years.... An excerpt from Pacific.epeak

Yantai City will Focus on Blockchain and other Key Areas to Build National Digital Agriculture Pioneer

According to the local media Yantai Finance and Economics Online, in its Five-Year Plan of Digital Shandong Development Planning 2018-2020, the municipal government of Yantai, a port city of China’s Shandong province, proposed that the city will follow four strategies—leading by core industries, developing cutting-edge and emerging industries, laying key foundations and creating high-end advantages.... An excerpt from Chaindd

Australian faces free trade agreement pressure to cut emissions

Australia is set to come under increased pressure on climate change this year after French officials insisted the Morrison government's carbon emissions targets are not ambitious enough to fully comply with the Paris agreement. The French officials' comments come at a sensitive time because Australia is currently negotiating a free trade agreement with the European Union, which EU negotiator Helena...

KOSPO to Participate in US$1 Bil. LNG Project in U.S.

Korea Southern Power Co. (KOSPO), a subsidiary of Korea Electric Power Corp. (KEPCO), will participate in a U.S. liquefied natural gas (LNG) project worth 1.19 trillion won (US$1.07 billion).... An excerpt from BusinessKorea

Out of line’: top Australian companies accused of undermining Paris deal

New analysis shows 22 of Australia’s largest companies are actively working to undermine the Paris agreement targets, betting shareholders’ money on strategies that assume global climate change action fails. Investor action group Market Forces says those companies – worth a combined $121bn and representing 7% of the ASX300 – are “out of line and out of time” and has called...

[Australia] Labor edges away from using Kyoto credits to reach Paris target

Bill Shorten has signalled Labor is highly unlikely to use carryover credits from the Kyoto protocol as part of its climate change policy, which will be unveiled over the coming weeks. Labor has already released its policy for reducing emissions in the electricity sector. Shortly the opposition will unveil the rest of its policy measures, expected to include a trading...

Italy signs deals worth 2.5 bln euros with China; Energy, infra in focus

Around 30 parallel deals were signed on the sidelines of the visit to Rome by Chinese President Xi Jinping, including 10 with Italian companies and others with ministries and public bodies. Italian Deputy Prime Minister Luigi Di Maio said the deals were worth an initial 2.5 billion euros ($2.8 billion) but had a potential value of 20 billion. CDP and Italian...

S. Korea to ‘wage war’ on fine dust pollution: Ban Ki-moon

Former UN Secretary-General Ban Ki-moon, who accepted the president's offer to run the new anti-pollution organization, said that despite concerns about taking the job he could not sit back and watch the Korean people suffocate. An excerpt from Arirang