Maguire: China tightens its grip on clean tech with growing exports of EVs.
China's position as the world leader in clean technology is best illustrated by its EV exports. These will reach nearly $70 billion dollars in 2025, and span over 150 countries. Electric vehicles are a major part of China's manufacturing industry, and millions of people work in the various supply chains that support?clean cars?
Sources say that Japan's Mitsui is close to purchasing a stake in Qatar LNG Project.
Five sources said that Japan's Mitsui & Co. is on the verge of buying a stake, in the second phase, in QatarEnergy’s massive North Field project as it seeks a stable liquefied gas (LNG). The deal, if reached, would strengthen Japan's energy safety as it seeks to meet the increase…
Sources: Mitsui Japan is close to a stake in Qatar LNG Project
Five sources said that Japan's Mitsui & Co. is on the verge of?buying a share in the second phase QatarEnergy’s massive North Field Project?in order to ensure a stable liquefied gas supply (LNG). The deal, if reached, would strengthen Japan's energy safety as it seeks to meet the…
Maguire: China tightens its grip on clean tech with EV export growth.
China's position as a global leader in clean technology is best illustrated by its massive EV exports. These will reach nearly $70 billion dollars in 2025, and span well?over 150 different countries and territories. Electric vehicles are a major part of China's manufacturing industry…
NextEra eyes nuclear power expansion as data center pipeline grows
NextEra Energy may expand its nuclear fleet in order to provide electricity for?data centres. The giant U.S. energy provider said on Tuesday that they are 'in advanced discussions' to power 9 more gigawatts to the server warehouses. Big Tech's massive data centers have pushed up the demand for electricity in the United States…
Executives say Trinidad's Atlantic Liquefaction Project will begin to remove the liquefaction units in Q4.
Michael Daniel, director of capital projects at Atlantic LNG in Trinidad and Tobago, announced on Tuesday that the project's flagship, the liquefied?gas? project, would begin to remove one of its liquefaction train from operation during this last quarter. Train 1 has not been producing…
India and China reduce electricity emissions to mitigate US coal overdrive
Researchers say that India and China have 'cut emissions by accelerating the deployment of clean energy,' offsetting the?growing? coal use in America and limiting global growth in pollutants related to climate change. According to a CREA report published this month, power sector emissions in China and India…
Official: India will no longer set annual clean energy targets
A senior government official announced that India would no longer set annual targets for clean-energy tenders, after failing to meet the goal last year and building up an enormous backlog of projects?without buyers. Indian developers already own the rights to build 43 gigawatts worth of renewable energy, but they have yet to find buyers.
Trinidad's Atlantic LNG Project to Decommission Liquefaction Train
Trinidad and Tobago's flagship liquefied natural gas project, Atlantic LNG, will begin removing one of its liquefaction trains from operations in the last quarter this year, its director for capital projects, Michael Daniel, said on Tuesday.The project's shareholders, including Shell…
The US Electric Grid is stressed by the cold weather
Electric grid operators in the U.S. took extra precautions on Saturday to avoid rotating blackouts, as frigid temperatures hit half of America's population. The PJM Interconnection – the largest?U.S. The PJM Interconnection, which serves 67,000,000 people in the East and Mid-Atlantic region, reported temporary spikes of wholesale spot?electricity?
UAE utility withdraws Yemen and transfers solar energy plants to the government
Global South Utilities, based in Abu Dhabi, has handed over two solar power plants to Yemen's Public Electricity Corporation. This was after the?Yemeni government requested that all?Emirati firms leave the country. GSU informed Public Electricity Corporation in a letter of January…
Trump purchases $100 million in bonds from Netflix and Warner Bros.
Donald Trump, the president of the United States, purchased around $100 million worth of municipal and corporate bonds between mid-November and late December. This included up to $2,000,000 in bonds for 'Netflix' or Warner Bros Discovery, just weeks after these companies announced their merger.
Centrus receives $900 Million DOE Task Order as US pushes for domestic uranium enrichment
The U.S. Department of Energy has awarded a $900 million task order to Centrus Energy, a nuclear fuel supplier based in the United States, to increase uranium enrichment capacity at the Piketon site, Ohio. This is part of Washington's efforts to reduce its reliance on Russian supplies.
Trump Administration says that there are ways to increase Venezuelan oil production quickly
Trump's administration dismissed Tuesday analysts' estimates that it will?take years? to increase Venezuela's crude oil production. They said there are ways to boost the country?s oil sector quickly. The Trump administration is aiming to increase crude production from Venezuela, the…
Phillips 66 claims that two Gulf Coast refineries are capable of processing 100,000 bpd Venezuelan crude
Kevin Mitchell, Chief Financial officer of Phillips 66, said on a Tuesday conference call that the refiner can use Venezuelan crude in two U.S. Gulf 'Coast refining facilities as production increases. Mitchell, speaking at the Goldman?Sachs?Energy, CleanTech & Utilities Conference…
Japan will increase public funding for nuclear power renewal
Japan has announced plans to increase public funding for its crippled nucleopower sector. This is essential, say experts, to kick-start an industry that was previously financed by utilities owned by shareholders. Japan closed all 54 reactors in the wake of the 2011 Fukushima nuclear disaster.
Germany launches 30 billion Euro fund to mobilize private investment
Germany launched the 30 billion?euro initiative "Deutschlandfonds", aiming to boost competitiveness in Europe's biggest economy by mobilizing private capital. The state-owned KfW will implement the fund coordinated by the Finance and Economy Ministries. It will use guarantees, loans…
Germany launches EUR30 Billion Fund to Mobilize Private Investment
Germany announced the "Deutschlandfonds", a '30 billion euro initiative ($35.22billion) designed to mobilize private capital for investments in 'energy transition, technology and industrial modernization, as Europe’s largest economy strives to regain its competitiveness. The fund…
Maguire: High natural gas prices may lead to a new surge in coal consumption in the US
The benchmark U.S. gas prices will end 2025 the same way they started - with an explosive rally. This is bad news for those who hoped for a further reduction in coal consumption in the U.S. Gas prices in the United States increased by a third between January and March this year due to a harsh winter and strong LNG exports.
Maguire: High natural gas prices may lead to a new surge in coal consumption in the US
The benchmark U.S. gas prices will end 2025 the same way they started - with an explosive rally. This is bad news for those who hoped for further reductions in U.S. coal usage. Gas prices in the United States increased by a third between January and March this year due to a harsh winter and strong LNG exports.