Nord Stream 2, the controversial gas pipeline from Russia to Germany, has been completed according to Gazprom, the Russian gas company that built the route. Alexey Miller, chairman of the management committee, announced completion at 8:45 a.m. Moscow time on Friday. The 1,200km pipeline follows much the same route as …
Read More »China’s Pumped Storage Hydropower Volume to Hit 62m kWh by 2025
China’s National Energy Administration (NEA) on Thursday issued a middle and long-term development plan for the country’s pumped storage hydropower sector covering the period from 2021 to 2035, as part of efforts to boost clean energy and reach carbon emission reduction goals. Among the major development goals, the plan aims …
Read More »World’s Largest Plant Capturing Carbon from Air Starts in Iceland
The world’s largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to start operating on Wednesday (8 September), the company behind the nascent green technology said. Swiss start-up Climeworks AG, which specialises in capturing carbon dioxide directly from the air, has partnered with …
Read More »Big Oil Needs to Cut Production by 50% to Hit Climate Targets
The world’s largest listed oil companies will have to cut production by at least 50 per cent over the next decade if the world is to limit global warming to 1.5 degrees as per the Paris climate accord, influential climate think tank Carbon Tracker has warned. In a new report, …
Read More »Majority of Fossil Fuels Need to Stay Underground to Avert Climate Disaster
The vast majority of the world’s known fossil fuel reserves must be kept in the ground to have some hope of preventing the worst effects of the climate emergency, according to new research. The peer-reviewed study, published in the scientific journal Nature on Wednesday, found that 90% of coal must …
Read More »Equinor Gearing up for North Sea Well Duo
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a wildcat and an appraisal well in the North Sea off Norway. The NPD said on Thursday that wells 35/10-7 S and A will be drilled from the West Hercules drilling rig. The drilling programme for wells 35/10-7 …
Read More »Amazon and Mitsubishi Corporation Sign Solar PPA in Japan
Amazon and Mitsubishi Corporation (MC) jointly announced they have signed a power purchase agreement (PPA) for a 22 MW solar project in Japan. Operated by MC’s retail subsidiary, MC Retail Energy, the unique solar project is aggregated, which means that it is made up of numerous ground-mounted solar installations currently …
Read More »Discussion of Iran’s Nuclear Deal shouldn’t Influence Talks on JCPOA
The discussion of Iran’s nuclear program at the upcoming session of the Board of Governors of the International Atomic Energy Agency (IAEA) should not have a negative impact on the prospects of the Vienna talks on the Joint Comprehensive Plan of Action (JCPOA). This opinion was expressed by Russian Permanent …
Read More »Gas Price in Europe Surpasses $660 per 1,000 Cubic Meters
Particularly, the price of gas futures for October delivery at the TTF hub in the Netherlands reached almost $662 per 1,000 cubic meters MOSCOW, September 8. /TASS/. The gas price in Europe surpassed the $660 per 1,000 cubic meters mark during Wednesday trading, according to data provided by London’s ICE. …
Read More »Turkey Poised to Become LNG Bunkering Hub with New Tri-Party Agreement
Turkey is on its way to becoming a key hub for LNG supplies with cooperation from Turkey’s largest public institution in the areas of energy, trade, transportation and storage, BOTAS, along with Arkas Bunkering and Sumitomo Corporation, according to Turkey’s BOTAS on Wednesday. A confidentiality agreement signed between BOTAS, which …
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