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☆ India steps up coal use to stop outages triggered by unusually dry weather
  + stars: | 2023-09-03 | by ( Sudarshan Varadhan Carman Chew | Sudarshan Varadhan | Carman Chew | ) www.reuters.com   time to read: +4 min
REUTERS/Adnan Abidi/File Photo Acquire Licensing RightsCompanies Coal India Ltd FollowSINGAPORE, Sept 4 (Reuters) - India has stepped up the use of coal to generate electricity in a bid to stop outages caused by lower hydroelectricity output, and as an increase in renewables is struggling to keep pace with record power demand. Demand typically peaks in May, when Indians crank up air-conditioners to beat the heat, and industries operate without rain-related disruptions. Coal's share in power output rose to 66.7% in August - the highest for the month in six years, according to a Reuters analysis of government data. The government has repeatedly defended the use of coal citing lower per capita emissions compared with richer nations, and rising renewable energy output. India's peak demand - the maximum capacity required during any time of the day - rose to a record 243.9 gigawatts (GW) on Aug. 31, the Grid India data showed, exceeding available capacity by 7.3 GW.
Persons: Adnan Abidi, Sudarshan, Robert Birsel Organizations: REUTERS, Companies Coal India, India, Grid, Thomson Locations: Delhi, India, China
☆ China's gasoline demand peak nears as EV boom hastens transition
  + stars: | 2023-07-28 | by ( Mohi Narayan | Thomson Reuters | Reports On Everything How Asia S Fuel Use Recovers The Fallout Of To Tracking How The Global Energy Transition Impacts Refinery Expansion Plans | ) www.reuters.com   time to read: +5 min
The International Energy Agency (IEA) and consultancy Rystad Energy have brought forward forecasts of China's peak gasoline demand by about a year to 2024, while Chinese state majors PetroChina and Sinopec (600028.SS) see it in 2025. The earlier halt in gasoline demand growth in the world's No. Reuters GraphicsAs a result of accelerating EV sales, Paris-based IEA now expects Chinese gasoline demand to peak in 2024 at about 3.7 million barrels per day (bpd), bringing forward an earlier projection of demand plateauing in 2025/2026. The research arm of China's state refiner CNPC expects gasoline demand to peak in 2025, citing accelerating sales of EVs, and sees gasoline demand shrinking 2.3% annually between 2026 and 2030. China's massive move into petrochemicals is already causing a glut globally, prompting companies to shift investments to high-end energy transition materials.
Persons: Aly, refiners, Toril Bosoni, EV's, Gaurav Batra, Mukesh Sahdev, Ma Yongsheng, Mohi Narayan, Carman Chew, Matthew Chye, Chen Aizhu, Zoey Zhang, Andrew Hayley, Florence Tan, Sonali Paul Organizations: Porsche, Auto Shanghai, REUTERS, International Energy Agency, Rystad Energy, China Association of Automobile Manufacturers, Reuters Graphics, Reuters, China, Shenghong Petrochemical, Energy, Graphics, Thomson Locations: Shanghai, China, Jan, Sinopec, Asia, Reuters Graphics China, Paris, U.S, North America, India, Sun, New Delhi, Singapore, Beijing
☆ Bangladesh's worst electricity crisis in a decade
  + stars: | 2023-06-07 | by ( Sudarshan Varadhan Carman Chew | Sudarshan Varadhan | Carman Chew | ) www.reuters.com   time to read: +3 min
SINGAPORE, June 7 (Reuters) - Bangladesh is facing its worst electricity crisis since 2013, a Reuters analysis of government data shows, due to erratic weather and difficulty paying for fuel imports amid declining forex reserves and value of its currency. Bangladesh, the world's second-largest garments exporter behind China supplying global retailers including Walmart, H&M and Zara, has been forced to cut power for 114 days in the first five months of 2023, a Reuters analysis of power grid data showed. Supply was short of demand by as much as 25% early on Monday, the data showed. Over 40% of the 7.5 GW of power plants running on diesel and fuel oil could not operate because they lacked fuel, according to the operator. Power imports by the energy hungry nation, which has very little renewable capacity, held steady at less than 10% of total supply, the data showed.
Persons: Bangladesh Taka, Ruma Paul, Matthew Chye Organizations: Walmart, Reuters Graphics Reuters, Power, Power Grid Co, Reuters Graphics, Oil, Reuters, Bangladesh, U.S ., Thomson Locations: SINGAPORE, Bangladesh, China, Zara
☆ Factbox: World's biggest lithium producers
  + stars: | 2023-04-21 | by ( Carman Chew | ) www.reuters.com   time to read: +3 min
Chile holds the world's largest lithium reserves and is the world's second-largest producer. Australia is the world's biggest supplier, with production from hard rock mines. Rapid growth is forecast to be met by output gains in Australia, Chile and Argentina. WORLD'S BIGGEST MINESGreenbushes, Western Australia, by Talison Lithium (a joint venture of Tianqi Lithium (002466.SZ), IGO (IGO.AX) and Albemarle Corp (ALB.N)). Pozuelos-Pastos Grandes lithium salt lake, Argentina, bought by Ganfeng Lithium (002460.SZ), will produce 30,000 tonnes of lithium carbonate starting 2024, and can potentially be expanded to 50,000 tonnes.
☆ India's power output grows at fastest pace in 33 years, fuelled by coal
  + stars: | 2023-04-05 | by ( Matthew Chye Carman Chew | Matthew Chye | Carman Chew | ) www.reuters.com   time to read: +4 min
Summary Fossil fuel-fired power output rises fastest in nearly 3 decadesEmissions from power gen rose nearly a sixth to 1.15 bln tonnesCoal-fired power output up 12.4%, gas-fired output down 29%Share of coal in overall power output rose to 73.1%Renewables output rose 21.7%, share up to 11.8%SINGAPORE, April 5 (Reuters) - India's power generation grew at the fastest pace in over three decades in the just-ended fiscal year, a Reuters analysis of government data showed, fuelling a sharp surge in emissions as output from both coal-fired and renewable plants hit records. In the new fiscal year that began April 1, Indian power plants are expected to burn about 8% more coal. That is 3.4% of the International Energy Agency's estimate of annual global emissions of 33.8 billion tonnes in 2022. The government has defended India's high coal use citing lower per capita emissions compared with richer nations and rising renewable energy output. The green energy output helped prevent as much as 32.5 million tonnes of CO2 emissions from power that would otherwise likely have been produced with coal, calculations show.
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