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☆ Ukrainian Drone Hits Oil Depot in Russia's Kursk Region, No Casualties - Governor
▼ + stars: | 2024-02-15 | by ( Feb. | At A.M. | ) www.usnews.com time to read: 1 min

MOSCOW (Reuters) - A Ukrainian drone attacked an oil storage depot in Russia's Kursk region, sparking a fire at the facility, the local governor said on the Telegram messaging app on Thursday. There were no casualties after the attack on the depot, Governor Roman Starovoit said. Russia energy infrastructure has been hit by drone attacks and fires in the past month, adding to uncertainty in global oil and gas markets already rocked by the conflict in the Middle East. Russia and Ukraine have targeted each other's energy infrastructure in strikes designed to disrupt supply lines and logistics as they bid to get the edge in a nearly two-year-old war that shows no sign of ending. The Latest Photos From Ukraine View All 91 ImagesPhotos You Should See View All 22 Images(Reporting by Reuters; editing by Guy Faulconbridge)

Persons: Roman Starovoit, Guy Faulconbridge Organizations: Reuters Locations: MOSCOW, Ukrainian, Russia's Kursk, Russia, East, Ukraine

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. GAS HEAVY GENERATIONThe main driver of Thailand's LNG imports - which have jumped by 127% since 2019 - is its gas-heavy electricity generation system. Since 2015, natural gas capacity expansions have accounted for 72% of Thailand's total increases in electricity generation capacity, Ember data shows. TRACKING PROGRESSA key solace for transition advocates is that the development of new electricity generation capacity may be more important than historical capacity development trends. For the near term, however, the strong growth pace of Thailand's LNG imports suggests fossil fuels have most of the expansion momentum in Thailand's energy system.

Persons: Issei Kato, Ember, Gavin Maguire, Robert Birsel Organizations: REUTERS, Energy Institute, Singapore Coal, LNG, Reuters, Thomson Locations: Futtsu, Tokyo, Japan, LITTLETON , Colorado, Thailand, LNG, Qatar, Australia, Malaysia, Southeast Asia, Asia, Indonesia, Gulf, Vietnam, South East Asia

☆ Asia energy transition struggles to attract private capital financing
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsia energy transition struggles to attract private capital financing: Clifford CapitalAudra Low, CEO of the debt financing provider discusses what needs to change in order to have institutional investors choose to invest in Asia's clean energy infrastructure.

Persons: Clifford Capital Audra Low

Xie Xuguang, from CNOOC Gas and Power Group's research centre, told a conference on Thursday that China's total gas demand may reach 396.4 billion cubic metres (bcm) this year. "We're expecting industrial gas demand to recover in the second half. Gas demand growth this year was seen at between 5.7% and 7.4%, according to estimates this week by ICIS, Energy Aspects and SIA Energy. China's total gas demand was forecast to peak in 2040 at 700 bcm, Xie added, echoing a previous forecast by state major Sinopec. Imports of both piped gas and liquefied natural gas were both expected to increase to meet rising domestic demand.

Persons: Stringer, Xie Xuguang, Xie, CNOOC, Andrew Hayley, Chen Aizhu, Christian Schmollinger, Michael Perry Organizations: Sinopec, Inner, Inner Mongolia Autonomous, REUTERS, CNOOC Gas, Power, ICIS, SIA Energy, Imports, Thomson Locations: Erdos, Inner Mongolia, Inner Mongolia Autonomous Region, China, TIANJIN, Japan, Russia's, Siberia, Russia

WASHINGTON, July 27 (Reuters) - China is helping Russia evade Western sanctions and likely providing Moscow with military and dual-use technology for use in Ukraine, according to an unclassified U.S. intelligence report released on Thursday. China has repeatedly denied sending military equipment to Russia since Moscow's all-out invasion of Ukraine in February 2022. "The PRC is providing some dual-use technology that Moscow's military uses to continue the war in Ukraine, despite an international cordon of sanctions and export controls," the ODNI report said. China has increased it importation of Russia energy exports, including oil and gas rerouted from Europe, the report said. U.S. officials have previously raised concern about transfers of "dual-use equipment" from China to Russia.

Persons: ODNI, Emmanuel Macron's, Emmanuel Bonne, Kanishka Singh, Michael Martina, Caitlin Webber, Daniel Wallis Organizations: National Intelligence, U.S . House, Intelligence, Russian Government, States Government, Thomson Locations: China, Russia, Moscow, Ukraine, China's, Europe, Beijing, U.S, Washington

☆ E.U. outlines plan for clean tech future boosted by subsidies
▼ + stars: | 2023-01-17 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

“We know that we have a small window to invest in clean tech and innovation to gain leadership before the fossil fuel economy becomes obsolete,” von der Leyen said. EU Commission President Ursula von der Leyen delivers a speech at the World Economic Forum in Davos, Switzerland on Jan. 17, 2023. “We have a compelling need to make this net-zero transition without creating new dependencies,” von der Leyen said. already waved through 672 billion euros ($727.5 billion) in aid to allow member states to deal with the impact of the war in Ukraine, any E.U. member states, European Commission Vice President Margrethe Vestager wrote last week that the U.S. plan “risks luring some of our E.U.

☆ China shipyards feast on record LNG tanker orders as South Korea builders are full up
▼ + stars: | 2022-12-12 | by ( Chen Aizhu | ) www.reuters.com time to read: +7 min

Chinese shipyards this year won 45 LNG tanker orders worth an estimated $9.8 billion, about five times their 2021 order values, according to shipping data provider Clarksons Research. By late November, Chinese yards had grown their LNG order books to 66 from 21, giving them 21% of global orders worth around $60 billion. Still, Chinese yards received 19 foreign orders for LNG tankers this year and that number is likely to grow. "Chinese yards have become more attractive because of the South Korean backlog, as well as rising costs," said ICIS analyst Songer. Chinese yards' relationship with GTT also helps, he said.

☆ Gulf states, looking East, to reinforce economic ties with China as Xi visits Saudi
▼ + stars: | 2022-12-06 | by ( Rachna Uppal | ) www.reuters.com time to read: +5 min

Saudi Arabia is China's top oil supplier, making up 18% of China's total crude oil purchases, and state-run Saudi Aramco has annual supply deals with half a dozen Chinese refiners. Outside energy, Gulf Cooperation Council (GCC) states provide markets for Chinese goods, construction contracts and investment opportunities in infrastructure, manufacturing and digital economies that fit Beijing's Belt and Road Initiative. Saudi Arabia and the UAE are also investing in future technologies as a pillar of economic diversification, which has gained impetus in a global transition away from fossil fuels. Online giant Alibaba has partnered with STC Group for cloud services in Saudi Arabia. BALANCING ACTHow Saudi Arabia and other Gulf states handle both Chinese and Western supply chains in sensitive areas like critical national infrastructure is likely to remain a point of friction with key security partner the United States, analysts say.

☆ Powers meet to pledge urgent support for Moldova as winter nears
▼ + stars: | 2022-11-21 | by ( John Irish | ) www.reuters.com time to read: +1 min

PARIS, Nov 21 (Reuters) - Some 45 countries and institutions meet in Paris on Monday to pledge millions of euros of aid for Moldova, as fears mount that it could be further destabilised by the conflict in Ukraine. Largely dependent on Russia energy supplies, Moldova is facing more difficulties with winter arriving and Moscow cutting natural gas supplies by about 40%, hurting its ability to supply enough electricity to its population. Moldova is a former part of the Soviet Union, some of whose territory is occupied by Moscow-backed separatists. Donor conferences in Berlin and Bucharest earlier this year saw pledges in total of about 1.3 billion euros ($1.34 billion). Aid would be used to support Moldova's budget and electricity supplies as well as the costs for hosting thousands of Ukrainian refugees.

☆ Turkish energy minister: Putin proposal for gas hub in Turkey should be discussed
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

Speaking at the Russia Energy Week conference in Moscow, both Putin and Gazprom (GAZP.MM) head Alexei Miller suggested creating a gas hub in Turkey. "It is the first time we heard of the issue of supplying Europe through alternate routes, mentioned by President Putin in his speech. "These kinds of international projects need feasibility assessments... commercial aspects need to be discussed. Ankara's relations with Russia are complex, with the two countries cooperating closely on energy supplies while being at odds over Syria, Libya and Azerbaijan. Register now for FREE unlimited access to Reuters.com RegisterReporting by Reuters; editing by Guy Faulconbridge and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

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