Non-fossil fuel energy sources such as wind, nuclear, solar and hydropower may make up half of China’s total power generation capacity by the end of 2022, for the first time ever, the country’s electricity council has forecast. China, the world’s biggest greenhouse gases emitter and coal consumer, is expected to add 180 gigawatts (GW) of
India may tap its emergency oil stockpile to cool off prices that have surged on concerns that Russia’s invasion of Ukraine will disrupt global supplies. The government is closely monitoring international energy markets as well as potential supply disruptions, the oil ministry said on Saturday. “India is also committed to supporting initiatives for releases from
Indian refiners are loading up on Russian oil as prices of the nation’s crude plunge to unprecedented lows. Processors from the world’s fastest-growing importer bought about 6 million barrels of Urals crude from the Black Sea port of Novorossiysk in recent days, traders said. That’s the most India has purchased in at least three years,
Energy ministers from European Union countries will on Monday discuss preparations for potential energy supply shocks and measures to shore up gas stocks following Russia’s invasion of Ukraine. The invasion of Ukraine by Russia, Europe’s top gas supplier, has sharpened concerns of disruption to energy supplies and increased scrutiny of European Union countries’ reliance on
Big banking is saying little on how they will combat climate change through their financing, shows a new study which finds minimal, clear commitments to aid financing away from fossil fuels. The top 10 banks – ranked as the largest funders of fossil fuel organizations – are talking more about climate change in general. However,
There’s an elephant in the room. Since Thursday, when Russian troops stormed into Ukraine, the U.S., the E.U., and their allies have announced a raft of sanctions designed to hurt Russia’s economy and financial system, and make President Vladimir Putin reconsider his invasion. But measures targeting exports of oil and gas, which provided 36% of
Sugar mills in Maharashtra have filled tender to supply 94 crore liters of ethanol to the Oil Marketing Companies (OMC) for the Ethanol Supply Year (December- November) 2021-22. This is expected to divert 12 lakh tonnes of sugar in the state with most of the ethanol being produced either from B heavy or directly from
The European Commission has approached the Japanese government about sending additional liquefied natural gas to hedge against a possible retaliatory cutoff of supply from Russia following Moscow’s invasion of Ukraine, Nikkei has learned. This infusion would be on top of the LNG that Japan agreed to deliver to Europe in March. The European Union and
The CMA CGM Group, a world leader in shipping and logistics, with the support of the Maritime and Port Authority of Singapore (MPA), started biofuel bunkering in Singapore as part of its global trial to scale-up the wider adoption of the clean energy. Its 10,640-TEU vessel, APL PARIS, was the first of the Group’s vessels
India, the world’s third-biggest oil user, expects consumption of petroleum fuels to touch a record next year even as crude prices move toward the $100-a-barrel mark. Demand has been pegged at 214.5 million tons in the year starting on April 1, according to predictions by the Indian oil ministry’s Petroleum Planning and Analysis Cell. If