Monday , 26 June 2017

Energy

Cooperation With Russia ‘Crucial’ for EU Energy Security – OMV Board Member

Vienna is currently the host of the European Gas Conference aimed at promoting dialogue between Europe and its main suppliers, such as Russia. Executives of Russia’s Gazprom, Austria’s OMV, Germany’s Uniper and other energy companies are participating in the event. “The European Gas Conference is the ideal platform for European Institutions, European Member States, private companies and supply countries to come together and address questions on Europe’s energy future. …

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Russia, Kuwait Discuss Possible Construction of Nuclear Power Plant

AFP 2016/ YASSER AL-ZAYYAT

Russia and Kuwait discussed possible construction of a nuclear power plant (NPP) as well as cooperation in the spheres of petroleum services and gas, Russian Energy Minister Alexander Novak said in an interview with the Rossiya-24 broadcaster on Sunday. “We discussed specific projects, particularly, we have big prospects in developing relations with Kuwait. We discussed possible construction of a nuclear …

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Here’s Why US-Produced LNG Cannot Hold a Candle to Russian Gas in Japan

In January, the United States began shipping domestic-produced shale gas to Japan. On January 8, the first tanker delivered 70,000 tons of shale liquefied natural gas (LNG) to a thermal power plant in Joetsu, Niigata Prefecture, operated by Chubu Electric Power Co. In the beginning of the year, the average price of imported gas in Japan was $7.5/MMBtu, according to …

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Israel Allows Gas, Diesel Deliveries Into Gaza Strip Amid Electricity Crisis

REUTERS/ Ibraheem Abu Mustafa

Israeli authorities opened a land crossing on Friday to allow the delivery of cooking gas and diesel into the Gaza Strip suffering from electricity power crisis, media reported. According to Palestinian Ma’an news agency, 160,000 gallons of diesel and 120 metric tons of cooking gas will be delivered into the enclave through the Karam Abu Salem crossing. The enclave faced an electricity crisis with many districts receiving energy for only three hours …

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Here’s Why US-Produced LNG Cannot Hold a Candle to Russian Gas in Japan

In January, the United States began shipping domestic-produced shale gas to Japan. On January 8, the first tanker delivered 70,000 tons of shale liquefied natural gas (LNG) to a thermal power plant in Joetsu, Niigata Prefecture, operated by Chubu Electric Power Co. In the beginning of the year, the average price of imported gas in Japan was $7.5/MMBtu, according to …

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$25 trillion investment needed to meet future oil demand

Joel Angel Juarez / Global Look Press / ZUMA Press

The world needs to invest $25 trillion in new oil-producing capacity over the next 25 years to meet growing demand, Saudi Aramco’s chief executive Amin Nasser said at the World Economic Forum in Davos on Tuesday. According to the CEO of Saudi Arabia’s giant state-held oil company, global demand for oil and gas will still grow in the coming decades, …

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A Material That Could Make Solar Power “Dirt Cheap”

A new type of solar cell, made from a material that is dramatically cheaper to obtain and use than silicon, could generate as much power as today’s commodity solar cells. Although the potential of the material is just starting to be understood, it has caught the attention of the world’s leading solar researchers, and several companies are already working to …

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With Pipeline, China’s Launches Burma Charm Offensive

On Monday, the Sino-Myanmar natural gas pipeline began pumping to China, part of the Middle Kingdom’s drive to diversify its energy supplies, but, in light of recent diplomatic troubles, China is quick to shine a rosy light on this latest development. The Chinese state media charm offensive went into full swing. Xinhua described the opening ceremony as follows: “When torches flamed in …

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World’s Largest #Solar Plant Ready to Shine

The Ivanpah Valley of the Mojave Desert in California is home tospiky yucca trees, long-nosed leopard lizards, loggerhead shrikes, and a rare species of tortoise—and soon, the largest solar thermal energy plant in the world. More than six years in the making, the Ivanpah plant is now slated to begin generating power before summer’s end. It was designed by BrightSource Energy to use more than …

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China betting on overland energy-supply lines

SINGAPORE – China’s strategy to diversify supply routes for its rapidly rising energy imports has just taken a major step forward. On July 15, natural gas from Myanmar (aka Burma) started to flow along a recently completed pipeline that stretches for 1,100 kilometers from the sea coast, through jungle and mountains, to Kunming in southwest China. There it will feed into …

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