Categories
Europe

Russian Government and Gazprom to continue hydrogen energy development | Source: Neftegaz.RU

Russian government and Gazprom signed an Agreement of Intent of «Development of hydrogen energy & decarbonization of industry and transport on the basis of natural gas». Russia is signalling its interest in joining the global hydrogen race, taking advantage of a favourable geographical position allowing for exports of hydrogen to areas featuring likely centres for its consumption in Europe and in the Asia-Pacific region. Hydrogen is one of the most promising energy sources of the future, and a potential alternative to fossil fuels

Source: Neftegaz.RU


MORE NEWS ABOUT EUROPE:

Europe

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Eurasia

China looks to Russian coal to help ease its power shortage crisis | Source: SCMP

China’s attempts to address its power shortage have received a boost through efforts to increase imports of coal and electricity from Russia. “The shortages in power supplies in China should reinforce the energy alliance between Moscow and Beijing, if only because Russia is the nearest external source of coal, gas and oil for China. As one consequence, Beijing may give the final go-ahead to the Power of Siberia 2 gas pipeline project, which would bring Russian gas from western Siberia into China via Mongolia.”

Source: SCMP


MORE NEWS ABOUT EURASIA:

Eurasia

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Europe

Russia offers to ease Europe’s gas crisis, with strings attached | Source: Energy Voice

Russia could potentially export record volumes of gas to Europe to ease prices and help stabilise the situation in the continent, after European benchmark gas surge 40% in a few minutes. With winter fast approaching and a stunning energy price surge pummelling Europe, Russian President Vladimir Putin chose an opportune moment to use his country’s leverage as an oil and gas superpower.

Source: Energy Voice


MORE NEWS ABOUT EUROPE:

Europe

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Asia Pacific

China urges gas importers to secure supplies at any cost to avoid energy crunch this winter | Source: RT

With the world grappling with an energy crisis amid the post-pandemic recovery, China has urged its liquefied natural gas (LNG) importers to secure enough fuel before winter. The large state-owned companies are ready to pay high spot prices to attract shipments away from rivals in Asia and Europe despite the extreme losses they could be facing. Meanwhile, the China Banking and Insurance Regulatory Commission said that banks should prioritize lending to qualified mines and power plants so that they could increase thermal coal and electricity output.

Source: RT


MORE NEWS ABOUT ASIA PACIFIC:

Asia Pacific

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Asia Pacific

China strengthens financial support for coal, electricity production | Source: People´s Daily Online

China’s top banking and insurance regulator has released a circular on strengthening financial support for coal and electricity production and maintaining order in the commodity market. Measures should also be taken to prevent speculation on high-end consumer goods using business and consumer loans; illegal inflows of bank and insurance funds into stock, bond and futures markets; and behaviors inducing consumers to borrow blindly and spend excessively.

Source: People´s Daily Online


MORE NEWS ABOUT ASIA PACIFIC:

Asia Pacific

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Europe

Gazprom cuts gas to EU via Belarus by 70 percent | Source: EU Observer

Russian firm Gazprom is continuing to reduce gas supplies to Europe via Belarus, potentially aggravating tense market conditions. The new figures come after supplies via the Yamal pipeline, which runs from Russia via Belarus to Poland, fell by half last week. Analysts, such as US investment bank Goldman Sachs, have said the Yamal cuts could lead to higher gas prices in winter.

Source: EU Observer


MORE NEWS ABOUT EUROPE:

Europe

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Asia Pacific

China turns to stranded Australian coal to combat power crunch | Source: ABC

China is releasing Australian coal from bonded storage, despite a nearly year-long unofficial import ban on the fuel. It comes as the nation scrambles to ease a power crunch stemming from a coal shortage. The power crisis in the world’s top consumer of coal is due to strong demand from manufacturers, industry and households, which has pushed prices to record highs and triggered widespread curbs.

Source: ABC


MORE NEWS ABOUT ASIA PACIFIC:

Asia Pacific

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Latin America

China Is Desperate To Secure Latin American Oil And Coal | SOURCE: Oil Price

State-controlled Chinese energy companies and miners are boosting their regional presence investing heavily in a wide range of operations, notably in Colombia, Ecuador, and Venezuela. Fiscally weak governments, resource-rich terrain, and a deep economic malaise exacerbated by the COVID-19 pandemic have created the ideal opportunity for Beijing to build greater regional influence. Moreover, former President Trump’s decision to ignore Latin America coupled with Washington’s crumbling regional hegemony is amplifying China’s ability to expand its regional footprint and influence.

SOURCE: Oil Price


MORE NEWS ABOUT LATIN AMERICA:

Latin America

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


LATEST REPORTS:


Categories
central asia

Russia and Kazakhstan push for hydrocarbon expansion with projects in Caspian | Source: Neftegaz Ru

Kazakhstan’s President Kassym-Jomart Tokayev revealed that Russia’s oil giant Lukoil would help Central Asia’s largest country develop oil fields located in Kazakhstan’s portion of the Caspian Sea. He stressed that they already started developing the large Kalamkas-Sea and Khazar fields. Kalamkas-Sea is an offshore field located in the northeastern part of the Caspian Sea, near the giant Kashagan field – one of the world’s largest discoveries of the past 4 decades. The total project cost will be about $5 billion.

Source: Neftegaz Ru


MORE NEWS ABOUT CENTRAL ASIA:

Central Asia

 

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.


Categories
Europe

Russian Gazprom starts gas supplies to Hungary bypassing Ukraine | Source: TASS

Gazprom began supplying gas to Hungary through the Balkan Stream gas pipeline and pipelines in South-Eastern Europe. Meanwhile, Kiev announced its disappointment with the contract and promised to contact the European Commission  to provide an assessment of its compliance with European energy legislation.

Source: TASS


MORE NEWS ABOUT EUROPE:

Europe

FREE SUBSCRIPTION

Get new content delivered directly to your inbox.