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☆ Indian EV cell maker Log9 flags production hit on delayed visas to Chinese experts
▼ + stars: | 2023-08-28 | by ( Rama Venkat | ) www.reuters.com time to read: +2 min

"If the Chinese engineers don't arrive on time, then our cell line production will get impacted," Log9's co-founder and director, Pankaj Sharma, told Reuters. A delay of about four months in the issue of visas would hamper the speed at which its factory reaches peak production levels, Sharma said. Log9's Bengaluru factory, its only manufacturing unit currently, has an annual installed capacity of 250 MWh of battery production. Log9 has sold over 1,000 battery units so far in 2023 after clocking sales of 4,000 units last year, according to Sharma, who declined to disclose the production figures. The company will begin the next funding round by the end of this year or early next year, Sharma said.

Persons: Pankaj Sharma, Sharma, Amara Raja, Rama Venkat, Dhanya Skariachan, Eileen Soreng Organizations: Reuters, Maersk, Blue Dart Express, Quantum Energy, Hala, Malaysia's Petronas, Thomson Locations: BENGALURU, Bengaluru, New Delhi, China, India

☆ US FTC approves deal for natgas producer EQT to buy THQ Appalachia
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsAug 16 (Reuters) - EQT Corp (EQT.N), the biggest U.S. natural gas producer, said on Wednesday that it had won antitrust approval to close a deal to buy Quantum Energy-backed THQ Appalachia I LLC and associated infrastructure. The U.S. Federal Trade Commission said on Wednesday it had moved to resolve antitrust concerns over the transaction by hammering out a consent order that "prevents entanglements" between Quantum Energy Partners and EQT Corp. The agreement would bar Quantum from having a seat on EQT's board, requires Quantum to divest EQT shares and puts other restrictions on the deal to ensure competition in the energy market. Reporting by Diane Bartz, Rami Ayyub and Dan Whitcomb; Editing by Eric Beech and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Diane Bartz, Rami Ayyub, Dan Whitcomb, Eric Beech, Marguerita Choy Organizations: Federal Trade Commission, Washington , D.C, REUTERS, EQT, Quantum Energy, THQ, U.S . Federal Trade Commission, Quantum Energy Partners, EQT Corp, Thomson Locations: Washington ,

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☆ S.Korean experts seek to verify room-temperature superconductor claim
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

SEOUL, Aug 3 (Reuters) - South Korean experts said on Thursday they would set up a committee to verify claims that a room temperature superconductor has been discovered, which has driven investor frenzy as well as peer skepticism since. The researchers that made the claim did not respond immediately to a request for comment. Shares in the U.S., China and South Korea have gained since the claim of a practical superconductor was made public, as investors made early bets despite skepticism among some scientists. The global frenzy had been further stoked after a Chinese university published a video replicating the experiment. An index tracking Chinese superconductor-related stocks has surged since late July, when the South Korean researchers published their papers, rising as much as 22%, though it gave up a large chunk of those gains on Thursday.

Persons: Joyce Lee, Brenda Goh, Mark Potter Organizations: Korean Society, Quantum Energy Research Centre, Seoul National University, Sungkyunkwan University, Pohang University of Science, Technology, South, Jiangsu Etern Co, Thomson Locations: SEOUL, U.S, China, South Korea, Jiangsu

Jan 4 (Reuters) - A unit of Tokyo Gas Co Ltd (9531.T) is in advanced talks to buy U.S. natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for about $4.6 billion, including debt, people familiar with the matter said on Tuesday. Castleton Commodities International (CCI) owns the rest of TG Natural Resources. Rockcliff and TG Natural Resources did not immediately respond to requests for comment. Tokyo Gas could not be reached for comment outside regular business hours. In October, Tokyo Gas agreed to sell its stakes in a portfolio of four Australian liquefied natural gas (LNG) projects for $2.15 billion to a unit of U.S. investment firm EIG.

По оценкам Международного энергетического агентства (МЭА), инвестиции в сланцевую добычу в этом году рухнут более чем вдвое — до 45 миллиардов долларов. Прогноз международного консалтингового агентства Rystad Energy — около 67 миллиардов долларов в этом году. Дальше — большеКак указывает Financial Times, в первом квартале крупнейшие независимые сланцевые компании зафиксировали рекордные совокупные убытки в размере 26 миллиардов долларов. Тогда 70 компаний объявили о финансовой несостоятельности, однако они были мелкими и оставили после себя в общей сложности 56 миллиардов долларов долга. По прогнозу аналитиков, до конца следующего года разорятся 250 компаний, если цены на нефть не подтянутся до нужного уровня.

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