The Indian Petroleum and Natural Gas Regulatory Board (PNGRB) is considering increasing regulatory control over India’s LNG import terminals, which could slow investments in the sector due to the potentially tightened oversight. PNGRB has issued a draft proposal of new regulations which include certification of registration by PNGRB for each …
Read More »Norway to Consider Developing Nuclear Energy
Norway’s government appointed on Friday a committee tasked with considering whether the country should develop nuclear energy as an electricity source. Kristin Halvorsen, a former finance minister and currently director of the Center for International Climate and Environmental Research in Oslo, will lead the committee, which is set to deliver …
Read More »Russia’s LNG Plans Suffer Fresh Blow as Chinese Firm Quits Russian Projects
Chinese engineering company Wison New Energies has decided to discontinue all ongoing Russian projects and will immediately and indefinitely stop taking any new Russian business, dealing a blow to the Arctic LNG 2 project. “In view of the strategic future of the company, we have to make this difficult decision,” …
Read More »EU Approves $3.2 Billion German Aid for Hydrogen Pipeline Network
The European Commission has allowed Germany to grant $3.2 billion (3 billion euros) in state aid to support the construction of a pipeline system for hydrogen transportation. The European Commission said on Friday that it had approved, under EU State aid rules, the German scheme to support the construction of …
Read More »Equinor Bags 2 CO2 Storage Licenses in North Sea
Equinor ASA has been awarded licenses for the development of two new carbon dioxide (CO2) storage areas in the North Sea by the Norwegian Ministry of Energy. Equinor was awarded 100 percent share in each of the two licenses, referred to as Albondigas and Kinno. The new licenses are important …
Read More »Ageing Coal Plants Pave the Way for Renewable Revolution
New research from the Institute for Energy Economics and Financial Analysis (IEEFA) shows that over 800 coal-fired power plants could be profitably replaced by solar power in emerging economies starting at the end of this decade. This is both a surprising and hopeful finding, as the lack of affordability of …
Read More »China’s Secret Weapon in the Global Copper War
Copper demand continues to surge globally. And as the rest of the world struggles with the rising price of copper and the ever-changing copper market, guess who is sitting pretty? Hint: it’s China. Despite fears of a worldwide copper shortage driving copper prices to new highs, the world’s largest producer …
Read More »South Africa’s State Utility Set to Keep Highly-Polluting Coal Plants Open
Eskom, the state-owned utility of South Africa, has received government approval to keep five of its old polluting coal power plants operational for five years after the country implements a limit on plants’ emissions in 2025. Eskom’s five coal-fired power plants – Hendrina, Grootvlei, Arnot, Camden, and Kriel – exceed …
Read More »India’s New Coal Power Capacity is Set to Soar in 2024
India expects to add as much as 15.4 gigawatts (GW) of new coal-fired power capacity this year, the most in nearly a decade, anonymous sources with knowledge of the matter told Bloomberg on Wednesday. India, the world’s second-largest coal consumer, looks to boost baseload capacity amid surging power demand and …
Read More »Europe Aims to Reduce Reliance on China for Critical Minerals
Europe has been looking for ways to accelerate its rare earth metals production to diversify its supply chain and reduce reliance on China as its main supplier. Several minerals will be crucial for the development of the global renewable energy industry, helping energy companies to produce batteries, solar and wind …
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