A joint venture of billionaire Gautam Adani-run group’s gas arm and Total of France on Friday walked away with the most 14 licenses to retail CNG to automobiles and piped cooking gas to households in the latest city gas bidding round, according to oil regulator PNGRB. Adani Total Gas Ltd won city gas rights in
India imports 80 percent of crude oil, and 54 percent of LNG representing ~38 percent of India’s energy consumption. For every 10 percent increase in crude oil price, there is an impact on India’s current account deficit by $10 billion, or negative 0.4 percent of GDP. Crude oil prices have increased by nearly 28 percent
The UK is the third world’s biggest market for clean tech investment, claims a report by PWC. More climate tech start-ups have received venture capital funding in the UK than in any other European nation. COP26 boost Between 2013 and 2021, UK-based firms received investments exceeding £6.5bn – a figure bested globally by only China
Kawasaki Heavy Industries, Ltd. has announced the delivery of the 84,000 cubic-metre-capacity, liquefied petroleum gas (LPG)-fuelled LPG carrier Crystal Trinity. Built for Kumai Navigation (PTE), the vessel is the 65th LPG carrier built by Kawasaki and the Japanese shipbuilder’s second 84,000 cbm-capacity LPG carrier equipped with a dual-fuel main engine. The main engine and generator
UK-based marine technology firm Oasis Marine Power Ltd said it has completed the first stage of testing of their offshore charging station, hailing the design a success. This product was the first design under development and is the first of its kind globally to reach sea trials. It offers to revolutionise renewable energy use for
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. China Electricity Council (CEC) has forecast that for the first time ever the country’s non-fossil energy sources make up half of China’s total power
Brazilian has signed into law a measure to reduce the country’s mandatory biodiesel content in diesel to 10% for this year – a setback for biofuels and oilseeds producers. Brazil was supposed to adopt a 14% biofuel mix in diesel from March, but its National Energy Policy Council (CNPE) decided to keep a 10% content
The green hydrogen policy will be unveiled in the next 10 days featuring incentives like free transmission for 25 years to boost production of this clean source of energy, Power and New & Renewable Energy Minister R K Singh said on Thursday. “We will come out with the green hydrogen policy in the next 10
India’s top steelmakers have urged the government to provide federal funding and other economic assistance to help them meet targets for cutting carbon emissions, a leading industry body said. India, the world’s third-biggest emitter of greenhouse gases behind China and the United States, has pledged to achieve a net-zero carbon emission target by 2070 and
India may need to invest about 11% of Gross Domestic Product (GDP) over the next three decades as the world makes the transition to the goal of net- zero emissions by 2050, compared to the global average of about 7.5 per cent of GDP, according to consulting firm McKinsey. In a study released on Tuesday,