Chinese researchers have recently developed a new type of lithium metal battery with 3D printing technology, significantly improving the battery’s lifespan and energy density, according to the Dalian Institute of Chemical Physics under the Chinese Academy of Sciences. Lithium metal batteries are expected to be the next-generation of high-energy batteries …
Read More »Biden Calls Putin’s Rhetoric on Nuclear Weapons Dangerous
U.S. President Joe Biden expressed skepticism about Russian President Vladimir Putin’s words that he does not intend to use nuclear weapons in Ukraine, the Voice of America reports. Biden considers the Russian president’s rhetoric dangerous. “If he has no intention, why does he keep talking about it? Why is he …
Read More »China’s Renewable Energy Capacity Expands in January-September
China’s installed capacity of renewable energy registered rapid growth in the first nine months of the year amid the country’s pursuit of green development. In the January-September period, the installed capacity of wind power increased 16.9 percent year on year to around 350 million kilowatts, while the installed capacity of …
Read More »Gazprom: Creating Gas Hub will Benefit Russia, Turkey, Europe and Azerbaijan
Creating a gas hub would be beneficial for all the parties: Russia, Turkey, Europe and Azerbaijan, Head of the Board of Directors of Gazprom Viktor Zubkov told the press behind the scenes of Eurasian Economic Forum in Baku, RIA Novosti reported. “Everybody benefits from it – Russia, Turkey, Azerbaijan, Europe, …
Read More »Saudi Aramco Creates $1.5B Energy Transition Fund
Oil and gas giant Saudi Aramco has created a $1.5 billion fund to invest in technology supporting a stable and inclusive energy transition. It was unveiled at the sixth edition of the Future Investment Initiative (FII) and is among the largest sustainability-focused venture capital funds globally. Managed by Aramco Ventures, …
Read More »Germany Agrees to Controversial Port Deal with Chinese Company
Germany has agreed to sell a stake in the port of Hamburg to a Chinese company in what is bound to be seen as a highly controversial deal putting Germany in a position of dependency to Beijing. Euronews reported that the German government had given COSCO the green light to …
Read More »IEA Expects Demand for all Fossil Fuels to Peak in the next Decade
Fossil fuel consumption is expected to peak or plateau within this decade, accelerated by the policy and trade flow shifts following the Russian invasion of Ukraine, the International Energy Agency (IEA) said on Thursday. For the first time ever, a World Energy Outlook scenario from the IEA based on the …
Read More »Raeisi Arrives in Zanjan, Inaugurates Major Power Plants
President Ebrahim Raeisi arrived in northwestern city of Zanjan on Thursday moirning and inaugurated a major power plant there. President Ebrahim Raeisi arrived in the city of Zanjan province this morning for a one-day visit to the northwestern province. Upon his arrival, the president inaugurated 6 power plants, including two …
Read More »The Russian Oil Price Cap could be Set between $63 and $64 per Barrel
Western governments are in the final stages of preparing for the implementation of a price cap on Russian oil exports, Reuters has reported, noting that the price range for the cap has yet to be set. According to one unnamed source who spoke to Reuters, the most likely range would …
Read More »Saudi Aramco Says Oil Market’s Changing as Sanctions Hit Russia
Saudi Aramco said the global oil market is already adjusting to sanctions on Russia, with Moscow redirecting crude flows to Asia from Europe and other producers making the opposite switch. “Realignment is happening,” Amin Nasser, chief executive officer of the world’s biggest oil company, said at the Future Investment Initiative …
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