News - page #31

Organised by the Fiji islands and hosted by Germany, COP23 is expected to highlight adaptation solutions for countries that are the most vulnerable to storms and sea level rise.

The supply surge from U.S. shale oil and gas will beat the biggest gains seen in the history of the industry, the International Energy Agency predicted, Bloomberg reports.

United Arab Emirates Minister for Energy Suhail al-Mazroui said Monday that he expected OPEC and non-OPEC countries to extend global supply cuts at a closely-watched meeting at the end of the month.

Stronger Chinese economic growth will push global greenhouse gas emissions to a record high in 2017 after remaining flat for three years, dashing tentative hopes of a turning point in the world’s efforts to curb climate change.

United Arab Emirates energy minister Suhail bin Mohammed al-Mazroui said on Monday that he is optimistic about the oil market next year and the market is likely to continue recovering.

China aims to prevent power generated by its renewable energy sector being wasted by 2020, the country’s National Energy Administration (NEA) said on Monday.

The proposal aims to improve the functioning of the EU internal gas market, increase competition between suppliers, and boost Europe's energy security.

Today (November 9 2017), the European Commission's Expert Group on electricity interconnection targets presented its report to Commissioner Miguel Arias Cañete.

The new rules go further than the previous Regulation of 2010 by requiring EU countries to work together in regional groups to assess the potential for disruption to their gas supplies and agree on joint actions to prevent or mitigate the consequences.

Late Wednesday, state officials announced that Chinese firms and the state-run Alaska Gasline Development Corp. ("AGDC") have inked a joint development agreement to advance the liquefied natural gas project.

Total said on Wednesday it has acquired the upstream liquefied natural gas (LNG) interests of French power and gas utility Engie for around $1.5 billion, in a deal which is set to make it the world’s second largest player in the LNG market, with a 10 percent share.

The European Parliament and European Commission co-organised a high-level conference on Tuesday to discuss best practices in transitioning towards more sustainable energy sources, job creation, growth and investment.

World consumption will rise from 95.4m barrels a day in 2016 to 102.3m b/d in 2022 –which is an upward revision of almost 2.3m b/d — Opec said in its annual World Oil Outlook report assessing long term trends

A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said on Monday.

Some of Europe’s largest energy companies have accused the EU of lacking ambition in the fight against climate change and urged more aggressive targets for growth in renewable power.

The European Commission is proposing to extend EU internal energy market rules to cover offshore gas pipelines, an EU document shows, its latest attempt to regulate Russia’s planned Nord Stream 2 pipeline to Germany.

The cost of the Trans Anatolian Natural Gas Pipeline (TANAP) is $7.9 billion, the Turkish media quoted TANAP CEO Saltuk Duzyol as saying Nov. 6.

India’s ONGC Videsh has turned its focus to buying stakes in overseas oil and gas assets to meet output targets after a delay by Iran in awarding development rights for a gas field, its managing director said on Thursday.

Poised to carry 15.75 billion cubic meters of Russian natural gas to Turkey annually, the TurkStream pipeline will be operational in 2019, while negotiations on the route for a second line that will carry gas to Europe are in progress, authorities said at a public session.

The European Commission, watchdog of the EU treaties, is throwing everything it has at Russia’s planned 55 Bcm/year Nord Stream 2 pipeline across the Baltic Sea to Germany in its efforts to keep Russian natural gas transit flows to the EU through Ukraine a viable option.