Pakistan delays LNG contract with Qatar by a year: Petroleum minister
The contract between Qatar and Pakistan for the supply of liquefied gas (LNG), announced by Petroleum Minister Musadik Malik on Wednesday, has been deferred an additional year. Qatar will now deliver LNG cargoes to Pakistan in 2026, instead of 2025. The power minister of Pakistan said in November that the annual power consumption in Pakistan has fallen 8-10% over the last three quarters.
Pakistan Pushes Qatar LNG Contract with Qatar for a Year
Pakistan has deferred its liquefied natural gas (LNG) contract with Qatar for a year, Petroleum Minister Musadik Malik said, adding that the country will now get LNG cargoes from Qatar in 2026 instead of 2025.Annual power use in Pakistan, which gets over a third of its electricity from natural gas, has declined 8-10% year-on-year over the past three quarters, the country's power minister told Reuters in November, primarily due
India requests states to consider nuclear power plants and list of power utilities
The Indian federal power minister asked on Tuesday that states without coal resources consider building nuclear power plants. He also listed the utilities who could help meet the growing demand for power. In its budget for this year, the Indian government proposed to work with private companies to develop small reactors in order to increase electricity produced from sources without carbon dioxide emissions.
METI official: Japan could increase LNG purchases for emergency reserves to almost 1 million T per year.
An official from the industry ministry stated that Japan may increase its purchases of LNG for emergency purposes to at least twelve cargoes per year, up from the current three, in order to protect against supply shocks. The plan to boost reserves involves the second largest LNG buyer in the world, China. It will increase its purchases from 0.21 million tonnes per year to at least 0,84 million tonnes.
U.S. Tops List of Most Attractive Countries for Renewables Investments. Overtakes China
The United States has overtaken China as the most attractive country in the world for renewables investment and the global clean energy sector is expected to bounce back quickly despite the coronavirus pandemic, research showed on Tuesday.In an annual ranking of the top 40 renewable energy markets worldwide by consultancy EY, the United States was ranked first for the first time since 2016, followed by China.U.S.
Japan Transfers Excess Renewable Power Between Regions for First Time
Japan transferred excess renewable energy supplies between two of its electricity regions for the first time since a major shakeup of its power sector, the country's grid monitor told Reuters.The transfer of excess solar power supplies from the island of Kyushu to Japan's main island of Honshu signals an increase in flexibility in the country's previously regionalized electricity grid as the market opens up to competition.Kyus
FPSO at Jubilee Oil Field to Close for Fix
The production vessel at Tullow's flagship Jubilee oilfield off Ghana's west coast will shut down next week for 21 days while it undergoes repairs, the country's power utilities said on Monday. The planned shutdown next Monday of the Kwame Nkrumah production vessel, which currently produces both oil and gas, will result in a cut to offshore gas supply, the companies said in a statement.
First Wind Farm Operational in Coal-reliant Bosnia
Bosnia's maiden wind farm began producing electricity on Wednesday as part of the country's efforts to cut greenhouse gas emissions and meet the renewable energy standards of the European Union it aspires to join. The 50.6 megawatt (MW) Mesihovina wind power plant, located near the northwestern town of Tomislavgrad, consists of 22 turbines and can produce 165.2 gigawatt-hours (GWh) of power a year…
RTE Warns of Strikes in French Power Sector
Power utilities EDF and Uniper have been notified of a strike in the French power sector which will impact their electricity production, grid operator RTE said on Friday. CGT, one of France's more hardline trade unions, has called for a nationwide strike in the electricity, gas and rail sectors on Feb. 8 to protest against government liberalisation policies in the public sector.
Swiss Traders Grab $10 Billion Slice of LNG Market
Traders mopping up LNG glut, finding new emerging market buyers. Swiss trading houses are muscling in on the global market for liquefied natural gas, until now the preserve of energy giants, and expect to grab a $10 billion share of the rapidly growing business this year. Trafigura, Gunvor, Vitol and Glencore are all shaking up a decades-old system…
Guangzhou Halts Foreign Coal Imports
Port handles 60 mln tonnes/year of foreign and domestic seaborne coal. Guangzhou port, the largest coal transport hub in southern China, has halted foreign coal imports, according to traders who use the port and said they had been informed of the shutdown by customs authorities and senior company officials. Traders said the move caught merchants…
LNG Exports: US to Overtake Australia
Australia is America’s biggest competitor in the fast growing global LNG market, but the Pacific nation is struggling to realize its natural gas exporting potential. Over the next decade, what the International Energy Agency calls "footloose" U.S. cargoes will dramatically shake up global LNG trade, putting pressure on prices and forcing changes in how contracts are struck, says a report in Nikkei Asian Review.
Osaka Gas to Expand LNG Trading
Japan's Osaka Gas Co said this week it plans to expand its liquefied natural gas (LNG) trading activity as it adjusts to a market that has shifted from being undersupplied to a glut within the last two years. The utility said as part of the trading expansion it would try to sell LNG it does not need when it sees short-term opportunities, as well as set up long-term sales agreements with other buyers of the fuel.
Siemens Wins $81 mln Wind Turbine Deal
Bosnia's power utility Elektroprivreda HZHB (EPHZHB) said on Friday it had awarded a 72 million euro ($81 million) deal to German industrial conglomerate Siemens to supply wind turbines for its future 44 megawatt (MW) wind farm. Located near the northwestern town of Tomislavgrad, the Mesihovina wind farm is aimed at improving the energy mix of the smallest of Bosnia's three state-run power utilities…
Iran Exporting via UAE Ahead of Sanctions Relief
Iran's fuel oil exports flow more easily. Iran has boosted exports of fuel oil through U.S.-ally the United Arab Emirates and also almost doubled its imports of gasoline, despite Western sanctions, trading sources said. The U.S. State Department recently cabled a message to embassies around the world to reiterate that sanctions on Iran are still in place, diplomatic and government sources told Reuters on Friday.
Creditor Sues Arch Coal's Lenders
A creditor of Arch Coal Inc has sued a group of lenders alleging they are trying to use the struggling U.S. miner's credit agreement to block its out-of-court restructuring efforts and push it into bankruptcy. GSO Special Situations Master Fund LP, which holds some of Arch Coal's unsecured notes, has sought a temporary restraining order against the lenders.
Germany's Coal Imports Expected to Fall
Germany's coal imports are likely to fall to 53 million tonnes in 2015 from a record high last year of 56.2 million, lobby group VDKi said on Thursday, citing lower demand from power stations and steelmakers. Coal is still the backbone of power generation in Europe's biggest economy, which is moving away from nuclear and fossil power to renewable energy.
Ocean Energy Board Names Stevenson President
Ocean Energy Europe’s board of directors has elected Rob Stevenson as its new president. His appointment follows the election of six new directors on Ocean Energy Europe’s board. Stevenson is Vice President of Alstom’s Ocean Energy Business, having moved in 2013 from his position as Vice President of Rolls-Royce Power Ventures and CEO of Tidal Generation Ltd.
Bosnians to Pay More for Power in Open Market
The regulator in Bosnia's autonomous Bosniak-Croat Federation approved on Monday the region's two power utilities raising household electricity prices in January when Bosnia's power market is due to become fully open. Under the decision by the Federation Energy Regulatory Commission (FERK), Bosnia's top power utility EPBiH and the smaller utility…
Japan's Bid to Forge National Grid Stumbles
After the Fukushima disaster crippled Japan's nuclear energy sector three years ago, the government pledged the biggest shake up in the history of the fragmented electricity industry to boost competition and contain a surge in power prices. But a first crucial phase of Prime Minister Shinzo Abe's plan - to set up a national grid company to allow…
