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Uzbekistan launches first gas-to-liquids plant worth $3.6 billion
Uzbekistan launched its first gas-to-liquids plant on Saturday, a $3.6 billion project to extract value from domestically produced gas and reduce its dependency on imports of oil products.
read more... 27/12/2021
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European gas liberalization cut import costs by $70 bil in last decade
Liberalization of the European wholesale market for natural gas has yielded a $70 billion saving in importation costs over the last decade, a report published by the International Energy Agency has said.
read more... 27/10/2021
The EU’s Carbon Border Tax Could Deal A Devastating Blow To Russia’s Economy
The European Union's carbon border tax, to enter into effect in five years, was conceived with the idea of leveling the playing field for European industrial producers and importers who manufacture their goods in much laxer emissions-related regulatory frameworks. But the border tax could have a welcomed side effect for Brussels: it could have a more devastating effect on Russia's economy than sanctions.
read more... 31/08/2021
Daily (10.08.2021): Crude oil prices slumped to a three-week low on Monday amid new coronavirus restrictions in Asia
Crude oil prices slid to a three-week low on Monday as the new pandemic measures in Asia, especially China, the world-second largest oil consumer and largest crude importer, prompted fears of a demand slowdown. Hence, Brent crude fell by $1.66, or 2.4%, to settle at $69.04 a barrel. U.S. WTI crude shed by $1.80, or 2.6%, to settle at $66.48. Both benchmarks posted their lowest close since July 19.
read more... 10/08/2021
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Hard coal needed to keep German lights on
German electricity generation volumes from hard coal rose by more than a third in the first six months of 2021, showing the energy source plays a vital role in keeping the lights on, importers group VDKi said on Wednesday.
read more... 29/07/2021