China's clean technology exports prevented more CO2 emissions than the UK
According to a new analysis, China's green technology boom is having a greater impact on climate change than Britain's carbon emissions. According to Lauri Myllyvirta of the Centre for Research on Energy and Clean Air in Helsinki, Chinese exports of solar panels, batteries, wind turbines and electric vehicles avoided 374 millions metric tons (MtCO2) of carbon dioxide last year. China's clean tech exports to India in 2025 will?eliminate 6,900 MtCO2, a 31% increase from 2024, and about twice the emissions of India last year.
As the Gulf crisis worsens, Bangladesh and Pakistan are affected by energy disruption
Parvin Akter, the chef of Dhaka in Bangladesh's capital, adjusts her cooking according to the availability of gas pipes in the area. Due to a global energy crisis, gas is now intermittently available. She sometimes has to wait till midnight to prepare her meal. Even switching to an Induction Cooker has not helped as power outages can often leave food uncooked. In Pakistan, more than 2,000 km (1,200 miles), on the other side South Asia, the government?started? a fuel subsidy on Wednesday in order to reduce the sharp increase in fuel prices.
JERA expands its trading portfolio, and expects to sell more LNG overseas
The head of JERA's new global LNG unit stated that the company expects to sell more natural gas outside Japan in the next two-year period as it expands its trading portfolio. This will help to safeguard energy security from volatile power demand. JERA Global Energy Solutions (JERA-GES), the Singaporean entity that was launched in July of this year, is looking to balance the seasonal fluctuations in Japan’s LNG demand. It will do so by expanding its client base beyond Japan and adding greater flexibility to its portfolio.
ROI-LNG spot price surge deters Asian buyers, but saves Europe: Russell
High spot prices are deterring buyers from China and South Asia, resulting in Asia's lowest September imports in eight years. According to data compiled by Kpler, the top-importing continent will see arrivals of?20.09 million tons of super-chilled gasoline in September. This is the lowest figure for this month since September 2018 when 19.88 million arrived. Asia's imports have dropped?from 22.27 millions tons in September of last year and also from 22.25 in August.
Nepal places climate justice in the centre of its global appeal for flood relief
Officials said that Nepal, which has been devastated by floods, will be asking wealthy countries and international agencies for financial assistance this week. They will argue they should contribute the $5 billion required for initial rebuilding, as the disaster is a reminder of how climate change affects 'poor' countries who did not cause it. Since the collapse of the Himalayan Glacier in late August, which caused destruction in the valleys below it, more than 5,300 people are still missing in Nepal and China’s Tibet region.
Nepal places climate justice in the centre of its global appeal for flood relief
Officials said that Nepalese officials will be asking wealthy countries and international agencies for financial assistance this week. They claim they should "contribute" to the $5 billion required for initial reconstruction, as the disaster shows climate change's impact on 'poor' countries. Since the collapse of the Himalayan Glacier in late August, which caused destruction in the valleys below it, more than 5,300 people are still missing in Nepal and China’s Tibet region.
Even before death and injury claims, Nepal floods may cost insurers more than $130 million
According to a senior official of one of Nepal's largest insurers, the devastating floods in Nepal could lead to commercial insurance losses that exceed 20 billion nepali rupees (US$132.3 million). Hydropower projects are responsible for?most? claims. When the insurance is paid, it covers the losses that the operators of power plants have suffered. As authorities confirm deaths and missing persons, they will expect to receive separate claims for life insurance, personal injury and workers' compensation.
Even before death and injury claims, Nepal floods may cost insurers more than $130 million
According to a senior official at one of Nepal's largest insurers, the devastating floods in Nepal could lead to commercial insurance losses in excess of?20 billion Nepali Rupees ($132.3m), with hydropower projects accounting for most claims. When the insurance is paid, it covers the losses that the operators of power plants have suffered. As authorities confirm deaths and missing persons, they will expect to receive separate claims for life insurance, personal injury and workers' compensation.
India is urged to review green financing rules and build workforce for nuclear expansion
India must'review its financing rules' and 'develop a better talent pipeline to reach its ambitious goal of increasing?nuclear energy capacity to 100 Gigawatts by 2047. Abhay Karandikar is a member of the top government think-tank NITI Aayog. He said that India's green bond framework and green deposit rules, which do not currently cover nuclear investments, need to be revised. India opened its tightly controlled nuclear industry to private companies last year in an effort?to attract technology and foreign investment.
Bangladesh textile sector reconsiders energy sources after gas crisis
Bangladesh exports around 80% and generates 13% of GDP through its textile industry. Gas is used heavily in the wet processing of clothes, such as dyeing, washing and finishing. Bangladesh has been experiencing a gas shortage for a number of years due to a decline in local production and an increase in import costs. Qatar, the largest LNG exporter in the world, has announced that its LNG supply to Bangladesh is being cut back due to Iran's closeness of the Strait of Hormuz as well as Iran's "bombing" of Qatari LNG facilities.
India battery storage prices are rising due to higher costs.
Developers and lenders at an industry event on Wednesday said that they expect battery storage tariffs to increase in India, because high input costs make low-priced project more difficult to maintain. South Asia is expanding its battery storage capacity to supply renewable energy around the clock. Approximately 260 gigawatt hours (GWh) are currently in various stages of development. The India Energy Storage Alliance's (IESA) president, Debamalya Sen…
China's refined oil exports to Australia in May rose from April despite restrictions
China's gasoline, diesel, and?jet-fuel exports to major destinations in Southeast Asia and South Asia increased from April, but they were still a significant amount less than one year earlier because of?export restrictions imposed due to the Iran War to protect domestic supply. Customs data released Saturday shows that refined oil products exported outside Hong Kong and Macau increased 40% in April but fell 69% in the same period of last year. Export curbs don't apply to refuelling international ships or planes.
India's thermal power imports fall to a four-year low as the green energy sector rises
India's thermal coke imports dropped to a four-year low between January and May?due mainly to higher domestic production and increasing renewable energy generation, according commodities consultancy BigMint. The consultancy reported that overall, thermal coal imports fell by 12% in the past year, to a total of?65 millions tons. India, which is the second largest importer of thermal coke in the world, has sought to reduce its dependence on imports. It aims to reduce the use of this coal for power production by at least 30 percent?this coming year.
Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its revenue due to at least a doubling of logistics costs, industry sources and analysts told Reuters.The European Union plans to fully phase out Russian LNG imports from the beginning of 2027 as part of its sanctions pressure on Moscow over the war with Ukraine.In an attempt to regain the initiative, President Vladimir Putin said…
Bangladesh switches to solar energy as Middle East crises drive energy risks
Bangladesh has issued tenders for solar power of 495 megawatts, as it aims to reduce its dependence on imported fuels. The?Iran war? is driving a global rise in energy prices. The Bangladesh Power Development Board invited bids on 10 grid-connected projects ranging in size from 25 MW up to 100 MW. Private investors are expected to develop the plants. They will be located near existing'substations' in order to reduce grid strain and support grid stability. BPDB officials?said that the deadline for final bids is June 28.
Russell: The war between Iran and the US will supercharge Asia’s transition from fossil fuels towards electrons.
The U.S.-Israeli war against Iran has turned out to be an 'aha moment' for Asia. This is the continent that is most vulnerable to the loss of crude and liquefied gas through the still mostly closed Strait of Hormuz. China was largely responsible for the electrification of this region, which is home to the world's fastest-growing population. The ripple effect from the loss of?of?about 10 million barrels of crude and refined products per day (bpd), and around 20% of global LNG, is proving to be a game changer.
Bangladesh reduces working hours in order to save energy during Middle East crisis
Bangladesh has taken new measures to reduce energy consumption, including cutting office hours and reducing public spending. Conflict in the Middle East is disrupting global fuel markets and straining power supply across South Asia. Officials say the steps approved on Thursday by the cabinet aim to stabilize the energy situation in Bangladesh. Bangladesh is heavily dependent on fuel imported and has been battered with price volatility and uncertainty due to the US-Israeli conflict with Iran.
Shell CEO warns that energy shortages could occur in Europe by the end of next month.
Shell CEO Wael Sawan warned on Tuesday that energy shortages in Europe could occur by the end of next month. Sawan added that Shell is working with governments in order to address the energy crisis. This includes storage and purchasing. Sawan said that the Middle East conflict has already impacted jet fuel supplies. Diesel and gasoline will follow as the summer driving season begins in Northern Hemisphere. The war has caused major damage to energy facilities, and shipping through the Strait of Hormuz was nearly stopped.
European Energy Shortages Could Be Felt By April
Energy shortages could hit Europe by next month, Shell CEO Wael Sawan said on Tuesday, adding that securing adequate energy supply was critical to national security.Countries cannot have national security without energy security, Sawan said, adding that Shell was trying to work with governments to help them address the energy crisis, including with storage and purchasing. The Middle East conflict, now in its fourth week, has already affected supplies of jet fuel…
Indian sugar mills hurry to export deals due to record low rupee and rising global prices
Five dealers said that Indian sugar mills are now exporting again, with 100,000 metric tons in one week, after the rupee fell to a new record low, and the global price rally restored the economics for overseas sales. Shipping from the world's second largest sugar producer will allow Asian and African consumers to get sugar at lower rates, despite rising freight costs and global sugar prices that are near their highest levels in five months. The war has changed everything. The war has changed everything.