Tesla's China made EV sales increase for the second consecutive quarter
Tesla's China made electric vehicle sales rose for the second consecutive quarter, despite increased competition from the U.S. The automaker has broadened its focus beyond EVs. The China Passenger 'Car Association reported on Thursday that sales of Model Y and Model Y vehicles made at Tesla's Shanghai plant, including exports into Europe and other countries, increased 8.7% compared to a year ago to 85,670 cars in March. This was the fifth consecutive month of rising sales due to a recovering European market. Analysts said that Tesla?and other EV manufacturers could also benefit from higher oil costs triggered by Iran crisis.
Britain's greenhouse gases emissions dropped 2% in the last year
The government's preliminary data?on Thursday showed that Britain's greenhouse gases emissions dropped?by 2 percent last year as emissions from industry fell. Britain's goal is to achieve net zero emissions in 2050. This will require an increase in renewable energy and the switch to cleaner electric cars. Department for Energy Security and Net Zero estimated that greenhouse gas emissions would total 367 million metric tonnes of carbon dioxide equivalent by 2025. This is a 7 million ton decrease from 2024. DESNZ reported that the industrial sector saw the biggest drop in emissions…
Data shows that Russia exported more LNG to Europe in the first quarter.
The first quarter of 2026 saw Russia export more liquefied gas than it had a year earlier. Shipments to Europe increased despite Moscow's efforts to "redirect" supply away from the region. LSEG preliminary data on Wednesday showed that LNG exports grew by 8.9% in the past year to 8,6 million metric tonnes. U.S. sanctions on Moscow for the Ukraine conflict has restricted Russian LNG exports. This is especially true at the Arctic LNG 2, where operations are being hindered due to a lack of buyers. The Arctic LNG 2 plant supplied around 800,000 tons of LNG during the first quarter of this year.
Shell is in advanced talks with Venezuela about more gas fields, sources claim
Shell has advanced discussions with Venezuelan government about developing four large areas in the vicinity of Trinidad and Tobago in two of South America's largest offshore gas fields. Two people familiar with these discussions confirmed this. The London-based ?energy major has been trying for years to advance ?the 4.2-trillion-cubic-feet Dragon gas field in Venezuelan waters and could make ?a ?final investment decision on the flagship project by the end of this year. Shell wants to expand its operations in OPEC country under interim president Delcy Rodriquez, according to sources.
Microsoft, Chevron, and Engine No. Exclusive power supply agreement signed by Microsoft, Chevron and Engine No.
Microsoft, Chevron, and Engine No. The three companies announced on Tuesday that they had entered into a power supply and generation exclusivity agreement. Microsoft and other technology companies are rushing to secure the electricity they need for their data centers, which will power artificial intelligence services like ChatGPT or Copilot. Engine No. Engine No. 1 and Chevron had?already announced a partnering last year, to build natural-gas-based power plants near?data centres in the U.S. The?two planned to use GE Vernova?turbines. Bloomberg News reported on the Microsoft deal.
Solar boost has seen renewables reach almost 50% of global capacity by 2025.
Data from the International Renewable Energy Agency, which was shared with us exclusively on Tuesday, showed that renewable power accounted for almost half of 'world's electric capacity in 2013. This is due to a record-breaking increase in solar installations. Some industry leaders have called for increased investment in fossil fuels as the Middle East conflict has resulted in record monthly gains. However, analysts claim that countries with greater renewable energy capacity have been protected from the market shock.
Fire at a large Russian petrochemicals factory kills two people
A?large fire broke in a petrochemicals plant in the Tatarstan region of Russia on Tuesday. Sibur, the company that owns Nizhnekamskneftekhim, has put the death toll as two. Twenty people have been hospitalised. The state news agency TASS reported that three people were killed, six were missing, and more than 70 others were injured. Sibur reported that a gas mixture had exploded at an 'equipment producing synthetic rubber. The company said that it was unclear what caused the gas to ignite. Sibur stated that the major production units at the 'plant, which also produces plastics, are unaffected by the incident and continue to run normally.
Golden Pass, a joint venture between ExxonMobil and QatarEnergy, produces the first LNG in a new Texas facility
Golden Pass 'LNG, a joint-venture between QatarEnergy and Exxon Mobil has produced its first liquefied gas at its Texas facility, the company announced on Monday. This is a significant step towards bringing online one of the biggest U.S. Export projects. The launch comes as global gas supplies are tightening after the U.S.-Israel-Iran war pushed up energy prices and caused disruptions in Qatar's production, which is one of the largest LNG suppliers. In a press release, Alex Savva said, "Today we began producing LNG at our terminal in Sabine Pass.
Minister says India is boosting its renewable energy efforts amid disruptions in gas supplies
India's junior energy minister stated that the U.S. and Israel?war on Iran? has led to a "gas shortage". Gas accounts for just 2% of India’s total electricity generation. However, during heatwaves or peak demand periods the country consumes about 8 gigawatts (GW) of power from gas. The Middle East Crisis has caused a volatility in the price and availability of natural gas. The generators are looking for alternative sources, Shripad Naik, the junior power minister of India said. He said that the country also closely monitors the progress of coal and hydro plants, which are currently under construction.
Chevron estimates repairs at Wheatstone gas plant will take weeks
The company stated on Sunday that it is likely to take several weeks for the Wheatstone Liquefied Natural Gas facility in Western Australia to fully resume production as they repair damage caused by the cyclone last week. The Australian LNG supply was disrupted by Cyclone Narelle, a disruption of more than 30,000,000 metric tons per annum. Saul Kavonic, MST Marquee analyst, said on Friday that the Middle East conflict and the cyclone Narelle have combined to disrupt more than a quarter of global LNG supply. In an email…
Australia LNG continues to disrupt after Narelle, thousands of people without power
On 'Sunday', Australia's liquefied gas production was still disrupted. Thousands of people in the remote north were without power for more than a month after the Narelle Storm System?hit Australia. The impact of?Narelle, which was downgraded to a?tropical storm on Saturday, has been exacerbated by a global LNG supply crisis caused by the Iran War, which is now a month old. Qatar's production was halted after Iranian attacks damaged its facilities, and Australia became the second largest LNG exporter in the world. Woodside Australia said on Sunday that there was no new information.
Narelle continues to disrupt Australia LNG despite its weakening from tropical cyclone
Ex-Tropical cyclone Narelle, which has been affecting Australia's Queensland state and Northern Territory since March 20, further affected production at two of Australia’s largest liquefied natural gas plants. The storm system was waning in the country's northwestern region. Narelle, which has been sweeping across Australia's Queensland and Northern Territory state since it made landfall on March 20 as a Category 4 tropical cyclone, hit Western Australia on Friday, affecting LNG plant run by Woodside and Chevron. The impact of the storm on LNG plants has increased a global shortage caused by the Iran War.
Narelle continues to disrupt Australia LNG despite its weakening from tropical cyclone
Narelle, the former tropical storm that weakened in Australia's north-west, continued to disrupt production at two of Australia’s largest liquefied?gas plants Saturday. Narelle, the category four tropical storm that has been ravaging Australia's Queensland and Northern Territory ever since it made landfall on?March 20th, hit Western Australia Thursday. It affected LNG plants operated by Chevron, Woodside, and others. The impact of the storm exacerbated an existing global supply crisis caused by the Iran War. A spokesperson…
Inpasa, a corn ethanol producer, opens a new plant in Brazil
Inpasa, a corn ethanol producer in Brazil's Bahia State, announced?that it had started operating at its new facility. It aims to produce 470 million liters of biofuel per year. In an interview, Gustavo Mariano said that the plant was now operational and the company would have a supply within a few days. In recent years, corn ethanol production has increased dramatically in Brazil. This is a long-controlled industry by sugarcane farmers. Inpasa, which has plants in Paraguay & Brazil,?has expanded rapidly. Oil prices are soaring due to the war in the Middle East that began in February, when Israel and the U.S.
Taiwan freezes its electricity rates to maintain the industry's competitiveness and stabilize prices
The economy ministry announced 'on Friday that Taiwan won't raise its electricity prices for the time being, despite the fact that energy prices are higher due to the Middle East war. This is to maintain price stability and to keep the industrial competitiveness. The government is trying to limit price increases for consumers across the board to help reduce the impact of rising energy prices internationally, including heavily subsidising energy. The ministry released a statement saying that the committee had decided to 'not adjust electricity rates at this time' due to the increased risks of escalating conflicts in the Middle East…
South Korea enforces naphtha export ban amid Middle East supply disruptions
The industry ministry announced that South Korea has begun enforcing an export ban on naphtha as it tries to ensure domestic supplies are not disrupted by the conflict in the Middle East. This move will require refiners divert their exports to the local market, and the government can order the production and allocations of naphtha. Naphtha is a key feedstock for petrochemicals used in chip, autos, and plastics. South Korea imports about 45% its naphtha, 77% of which comes from the Middle East. This makes the supply particularly vulnerable to regional conflicts, according to the ministry.
Venture Global and Edison resolve arbitration dispute regarding early Calcasieu Pass gas sales
Venture Global and Edison announced on Thursday that?they?had?reached an agreement in order to settle a longstanding arbitration dispute relating to allegations that the American exporter liquified natural gas had failed to deliver contractual shipments to the Italian firm. The Edison settlement should be completed by the end June 2026 when the arbitration is formally ended, according to a statement released jointly by the two companies. They said that the agreement resolved the arbitration in its entirety. Edison…
The UK has reopened its domestic CO2 plant in response to the threat of war with Iran.
The UK announced on Thursday that it would spend 100 million pounds ($133.5?million?) to restart the production of biogenic CO2 at a closed plant in Teesside, for a period of three months. This is to avoid any shortages resulting from the Iran War. Ensus produced CO2 as a bioethanol by-product at its Wilton International plant until September. Then, after tariffs on bioethanol were reduced in an agreement with U.S. president Donald Trump, the plant could not compete with cheaper imports from the U.S. Gas is used in many different ways, from cooling nuclear reactors to operating theatres at hospitals.
Groupo Potencial increases investment in Brazil's biofuels citing the war with Iran
A senior executive at Brazil's Grupo potencial said that the company plans to increase its investments in biofuels to 6 billion reais ($1.15billion) by 2030, due to a rise in oil prices as a result of a war with Iran. Potencial plans to build the largest biofuels facility in the world. The investments will be used to increase capacity at the corn ethanol plant and to boost the soy crushing to feed the biodiesel. Carlos Eduardo Hammerschmidt is the vice president of?commercial relations, institutional relationships and new investments.
India's ethanol manufacturers feel the pinch
Singh claimed that despite contractual obligations, government oil companies did not purchase enough ethanol. This forced him to stop operations at his factory where he employs 600 workers. India's plan for reducing emissions and reducing oil imports is based on ethanol, a fuel produced from sugarcane or maize. State-run oil companies blend ethanol and petrol under the Ethanol Blending Programme of the Indian government. India achieved its goal of blending 20% of ethanol in petrol (known as E20 fuel) five years earlier than expected.