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European Commission, France flag growing support for carbon border levy
Support is building for a European levy on imports from countries with easier carbon emissions standards, senior European Union and French officials said on Tuesday, as the bloc seeks to impose its guidelines on the emissions trading market.
read more... 24/03/2021
Eolus enters Poland with plans for both wind and solar
Nordic wind projects developer Eolus Vind AB today announced it is setting up operations in Poland, where it intends to work on both onshore and offshore wind projects, as well as solar photovoltaic (PV) installations
read more... 24/03/2021
Saudi Arabia Skips LNG, Bets Big On Hydrogen
Last year, Saudi Arabia’s national oil company Saudi Aramco sent shockwaves through the natural gas markets after it announced that it was kicking off the biggest shale gas development outside of the United States. Saudi Aramco said it plans to spend $110 billion over the next couple of years to develop the Jafurah gas field, which is estimated to hold 200 trillion cubic feet of gas. The state-owned company hopes to start natural gas production from Jafurah in 2024 and reach 2.2 Bcf/d of sales gas by 2036 with an associated 425 million cubic feet per day of ethane.
read more... 24/03/2021
Daily (23.03.2021): British gas prices rose on Monday amid unplanned outages in Norway, bullish energy complex
Oil prices stabilized on Monday after a week of sharp declines, but ongoing jitters that the fresh lockdowns in Europe and the slow pace of vaccination rollout capped gains. Hence, Brent crude added 0.1% to settle at $64.62 a barrel. Meanwhile. U.S. WTI crude ended at $61.53 a barrel, posting a 0.2% gain day-on-day.
read more... 23/03/2021
Russian LNG would be competitive at $3.7-$7 per 1 million BTU
Future liquefied natural gas (LNG) projects in Russia would be competitive at $3.7-$7 per 1 million British thermal units (BTU), based on the country’s state LNG development plan.
read more... 23/03/2021