Tuesday, June 22, 2021

Venezuela: Electricity Recovery Continues as US Withdraws Diplomatic Staff

"US officials have threatened new sanctions while Venezuelan authorities continue reactivating the electric grid." An excerpt from Venezuelanalysis

Canadian pension fund, Williams form pipeline entity targeting Marcellus and Utica basins

Canada Pension Plan Investment Board is expanding its presence in the North American natural gas market through a $3.8 billion joint venture with U.S. energy firm Williams Cos Inc, which will hold pipeline assets in the Marcellus and Utica shale basins, the biggest gas-producing region in the United States... An excerpt from IEEFA

EverSource Capital to invest $1 billion in India’s renewable energy sector

EverSource Capital, a JV of Everstone and Lightsource, is looking to make the investment via its Green Growth Equity Fund NIIF and the UK government have invested £120 million each in EverSource Capital's Green Growth Equity Fund... An excerpt from Livemint

Gas wars part one: let’s be honest about Germany’s growing dependence on fossil gas

With the ink barely dry on Germany’s Coal Commission report recommending a phase out by 2038, the oil and gas industry is breaking out the champagne. in late January Chancellor Angel Merkel (CDU) addressed the 49th Annual World Economic Meeting and let the cat out of the proverbial bag: “if we phase out coal and nuclear energy, then...

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...

Gas set to surpass coal in German power mix this year

German gas-fired power output is set to exceed hard coal across 2019, according to the ICIS Power Horizon model. This would be the first time this has ever happened and is due to an influx of LNG collapsing European natural gas prices. Coal is around 20% more expensive this year, while the cost of EUA carbon certificates is four times...

Gazprom in Talks with CNPC over China Gas Deliveries

Russian gas major Gazprom has discussed deliveries to China with the country’s CNPC (China National Petroleum Corporation), the Russian company said in a statement on Thursday, according to Reuters. Also on Thursday, the state-run gas giant said it would start filling the Power of Siberia pipeline, which supplies gas to China, in the third quarter, and deliveries to China...

France continues to lead the way on ethanol blends

Renewable ethanol continues to build its popularity in France, where motorists have already made E10 (petrol containing up to 10% ethanol) the top-selling gasoline blend. Recently France has also made it possible for consumers to choose an even higher blend that not only reaps better emissions-reduction performance, but also saves money. E85, a petrol blend with up to 85%...

[Puerto Rico] Barbados completes renewable energy project with UAE funding

Minister of Energy and Water Resources, Wilfred Abrahams called this “a truly extraordinary successful accomplishment” as he delivered remarks on Monday at the inauguration ceremony of the UAE/Barbados Water Authority (BWA) solar photovoltaic (PV) project at Bowmanston pumping station in the eastern parish of St. John. UAE government launched a US $50 million Caribbean Renewable Energy Fund in November 2017... An...

Google, GM and other corporate giants form alliance to create a boom in US clean energy

Corporations and nonprofits are creating a new trade group to make it easier for companies to buy clean energy. The Renewable Energy Buyers Alliance will help firms take advantage of new deal structures that allow them to directly support clean power projects. REBA aims to grow the market for corporate renewable deals from nearly 16 gigawatts today to 60 GW by...

20.09.21~20.09.27 Climate change: China aims for ‘carbon neutrality by 2060’ – BBC News

... China will aim to hit peak emissions before 2030 and for carbon neutrality by 2060, President Xi Jinping has announced....China is the world's biggest source of carbon dioxide, responsible for around 28% of global emissions. ... Back in 2014 Mr Xi and then US-President Barack Obama came to a surprise agreement on climate change, which became a key building block of...

ExxonMobil faces EU Parliament ban after no show at climate hearing

ExxonMobil would become only the second multinational – after Monsanto – to lose access to MEPs, parliamentary meetings and digital resources if it loses a high-level vote expected by the end of April. ExxonMobil told organisers that it was prevented from participating in the hearing by “ongoing climate change-related litigation in the US”.... An excerpt from Euractiv

Australian insurer QBE to exit thermal coal over climate change

The country’s third-largest insurer said it aims to phase out all direct insurance services for thermal coal customers by 2030, but will still invest in and insure metallurgical coal and oil and gas companies.... An excerpt from Reuters

Norway Says No To Billions Of Barrels Of Oil While Trump Seeks More Pipelines

Over the weekend, politicians in Norway dealt a major blow to their country’s powerful oil industry when the opposition Labor Party — Norway’s biggest political group and a traditional oil backer — said it would no longer support oil exploration off the Lofoten islands, a remote and biodiverse archipelago in the Arctic region. Norway, Western Europe’s largest oil and...

[US] Energy’s cyber office gets a boost

"The federal government's designated energy sector cybersecurity agency could see more than $50 million more to help industry fight cybersecurity threats to the electric grid and other critical energy infrastructure. Overall, however, the White House requested $31.7 billion for DOE, an 11 percent decrease from the 2019 enacted level." An excerpt from 

Saudi Arabia-GCC gas pipeline studies to commence within weeks: Falih

Saudi Arabia will begin technical feasibility studies for a natural gas pipeline linking the country to the wider Gulf Cooperation Council "in a number of weeks," Saudi energy minister Khalid al-Falih told journalists on Monday, on the sidelines of the Gulf Intelligence forum in Riyadh. The IPO is still on track for 2021, Falih added.... An excerpt from SPG Global

Summit-GE consortium signs project agreements for the largest 583 MW CCPP in Bangladesh

" This upcoming SMIIPCL -- 583 MW combined cycle power plant (CCPP) in Meghnaghat, is expected to be operational by March 2022 at the lowest cost of BDT 2.176 per kWh at current gas prices. Summit awarded GE the EPC contract on turnkey basis as well as the maintenance and repair services for key power generation equipment at approximately USD...

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...

China’s State Development & Investment Corporation quits coal

China’s State Development & Investment Corporation (SDIC) has finalised its complete exit of the coal industry and will remove coal-related investments that have been one of its leading profit contributors. SDIC has US$1.46b of assets under management... An excerpt from AsianPower

Oil steadies after Trump presses OPEC to offset Iran sanctions

Oil prices steadied on Monday, after a weeks-long rally was halted on Friday when the market tumbled after U.S. President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.... An excerpt from Reuters

Colorado’s tougher approach to oil and gas advances in House as Democratic lawmakers weigh climate change push

The House Energy and Environment committee approved Senate Bill 181 by a 7-4 vote following a marathon hearing that lasted late into the night. The oil and gas bill next goes to the House Finance committee... An excerpt from The Denver Post

Dutch offshore grid connection open for feedback

"TenneT along with the Dutch Ministry of Economic Affairs and Climate Policy (EZK) invited the public to provide comments on the infrastructure for connecting the North of the Wadden Sea Islands offshore wind project to the grid. The deadline for submitting the comments is 18 April. the North of the Wadden Sea Islands zone is part of the government’s Offshore...

Energy analysts forecast ‘the end of coal’ in Asia as Japanese investors back renewables

Japanese banks and trading houses are walking away from coal investments, selling out of Australian mines and scrapping plans to build coal-fired power. The most recent proposal likely to be shelved, a 1.3GW coal-fired power station in Akita, in Japan’s north-west coastal region, follows the cancellation of two others earlier this year. Sojitz Corporation this week announced further divestment from...

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

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

GEIDCO Makes Key Address in UN Environment Assembly, GEI Opens up New Grounds for Global Environmental Protection

GEI "Action Plan for Promoting Global Environmental Protection" is the third GEI action plan to be incorporated into important United Nations framework, following the CEI "Action Plan to Promote the 2030 Agenda for Sustainable Development" and the GEI "Action Plan for Promoting the Implementation of the Paris Agreement". An excerpt from GEIDCO

Energy Secretary Wants to Fast-Track U.S. LNG Export Projects

"Exports of liquefied natural gas (LNG) from the U.S. continue to rise, as the use of natural gas for power generation increases in countries such as China, South Korea, Japan, and Mexico. Data from the U.S. Department of Energy (DOE) shows that four U.S. LNG export facilities combined to ship 483 LNG cargoes in 2018, a whopping 84% increase...

Washington state wins another round in battle to stop Millennium coal export terminal

Washington state and environmental groups scored a win in their fight against a West Coast coal export terminal April 1 when a federal district judge dismissed a foreign affairs doctrine claim brought by BNSF Railway Co.... An excerpt from IEEFA

21.01.25~20.01.31 President Biden Takes Executive Actions to Tackle the Climate Crisis at Home and Abroad, Create Jobs, and Restore Scientific Integrity Across Federal Government

President Biden Takes Executive Actions to Tackle the Climate Crisis at Home and Abroad, Create Jobs, and Restore Scientific Integrity Across Federal Government...President Biden set ambitious goals that will ensure America and the world can meet the urgent demands of the climate crisis, while empowering American workers and businesses to lead a clean energy revolution that achieves a carbon...

Russia to allocate funds in 2021-2022 for an LNG terminal

Russian President Vladimir Putin ordered an allocation of budget funds in 2021-2022 for the construction of the Utrenny liquefied natural gas (LNG) terminal in the Russian port of Sabetta on the Northern Sea route, the Kremlin said on its website.... An excerpt from Reuters