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JOURNEY STARTSIron-flow batteries were developed decades ago but have yet to be deployed as a grid-scale energy storage solution. ESI Managing Director Stuart Parry believes iron-flow batteries are an idea whose "time has come." Parry doesn't see iron-flow batteries replacing lithium-ion units, rather they are complementary with lithium batteries able to arbitrage power prices by acting rapidly, while iron-flow units are more likely to act as baseload firming for the grid when renewables tail off. Parry also says iron-flow batteries work out about a third cheaper than lithium ion units when looking at the cost on a MWh basis. On the surface, iron-flow batteries seem like a solid solution to how to run an electricity grid dominated by variable renewables.

Persons: Stuart Parry, Parry, Lincoln Organizations: Stanwell Corp, Energy Storage Industries Asia, Reuters, Thomson Locations: Greenough, Walkaway, Perth, Australia, LAUNCESTON, Queensland, Rockhampton

The International Energy Agency (IEA) said in its World Energy Outlook 2023 report released on Tuesday that China is reaching an inflection point and its total energy demand is likely to peak around the middle of this decade. But the sheer scale of China's energy demand means that even though it's making vast strides to deploy renewables and electrify its vehicle fleet, it will still be consuming vast quantities of fossil fuels for decades to come. "In our scenarios, China's GDP growth averages just under 4% per year to 2030," the IEA said. "This results in its total energy demand peaking around the middle of this decade, with robust expansion of clean energy putting overall fossil fuel demand and emissions into decline." This means that from a climate change perspective, encouraging and supporting China's energy transition is probably the most meaningful goal that can be achieved.

Persons: it's, It's, Sam Holmes Organizations: International Energy Agency, Energy, IEA, Reuters, Thomson Locations: LAUNCESTON, Australia, China, Europe

Refiners also called on stockpiles in July, though, when refinery processing exceeded the total volume of available crude by 510,000 bpd. The inventory draws in September and July came as China's refiners boosted throughput to meet rising domestic demand and higher fuel exports. As well, a strong rally in global oil prices has lowered the incentive to keep crude imports at elevated levels. China total available crude vs refinery throughputIMPORTS DROPPING? China's crude imports were 11.13 million bpd in September, down 10.5% from August's 12.4 million bpd, according to customs data.

Persons: Refiners, China's, China doesn't, It's, LSEG, Tom Hogue Organizations: National Bureau of Statistics, Benchmark Brent, United, United Arab Emirates, Diesel, Reuters, Thomson Locations: LAUNCESTON, Australia, China, It's, OPEC, Saudi Arabia, United Arab, Asia

☆ The ultra-rich are obsessed with their doomsday bunkers — but Sam Altman joked they won't really matter if there's an AI apocalypse
▼ + stars: | 2023-10-20 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

However, one of tech's buzziest bros, Sam Altman, says he has "structures" — but not a bunker. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementDoomsday predictions like nuclear war, climate change, or a zombie apocalypse have ratcheted up the ultra-rich's obsession with luxury bunkers. However, one Silicon Valley tech bro joked that these bunkers may not be useful in the case of an AI apocalypse. AdvertisementAdvertisement"I have like structures, but I wouldn't say a bunker," Altman added without clarifying what these structures were.

Persons: buzziest, Sam Altman, AGI, —, bro, Altman, Joanna Stern, Altman —, Yorker —, Clyde Scott, Douglas Rushkoff, Ivanka Trump, Tom Brady, Jeff Bezos, Rushkoff Organizations: Service, WSJ, Yorker, Google, Bloomberg, Federal Civil Defense Administration Locations: South Dakota, Poland, America

The decline has been driven by weakness in producing fuels such as gasoline and naphtha, even as the margin on middle distillates has performed strongly. The trend for refining in Asia is increasingly characterised by strong margins for middle distillates, which are enough to offset weakness in gasoline and even losses for naphtha. Asia's total exports were 7.4 million metric tons in September, equivalent to about 1.85 million bpd, according to data from LSEG. Data from commodity analysts Kpler is also far from convincing, with just 660,000 metric tons of diesel shipments from China so far in October. Effectively, Asia's refiners are happy to suffer weak margins on fuels such as gasoline and naphtha because the profits on middle distillates are so high.

Persons: it's, refiners, Robert Birsel Organizations: REUTERS, Rights, China, Reuters, Thomson Locations: Kolkata, India, Rights LAUNCESTON, Australia, Asia, Singapore, Dubai, OPEC, Saudi Arabia, China, Beijing

The exception among major commodities was copper, where imports of the unwrought metal were up in September from August, but down from the year earlier month. Copper imports were 480,426 metric tons in September, up from August's 473,330, but down 5.8% from 509,954 in September last year. For the first nine months of 2023, unwrought copper imports were down 9.5% to 3.99 million metric tons. Crude oil imports were 11.13 million barrels per day (bpd) in September, down from August's 12.4 million bpd, although it's worth noting that August was third strongest month on record. IRON ORE, COALIron ore imports dropped to 101.18 million metric tons in October, down 4.9% from August's 106.42 million, but it's worth noting that August was the strongest month since October 2020.

Persons: Aly, China's, Lincoln Organizations: REUTERS, Rights, Reuters, Thomson Locations: Port, Shanghai, China, Rights LAUNCESTON, Australia, August's

A stacker unloads iron ore onto a pile at a mine located in the Pilbara region of Western Australia December 2, 2013. China iron ore imports vs SGX priceIMPORTS SLIPThere are also signs that China's iron ore imports may soften in October, although that is most likely related to the week-long holidays at the start of the month. The last official reading on iron ore imports was August's customs figure of 106.42 million metric tons, which was the highest monthly total since October 2020. A further possible concern for iron ore imports is what policy China will adopt regarding steel production for the coming winter period. One possible bullish factor for iron ore is the continuing retreat of China's port inventories, which suggests scope to import more to boost stockpiles.

Persons: David Gray, doesn't, SteelHome, Sonali Paul Organizations: REUTERS, Rights, China, HK, Garden, JPMorgan, Reuters, Thomson Locations: Pilbara, Western Australia, Rights LAUNCESTON, Australia, Beijing, Singapore, China's, China

The usual seasonal pattern for the spot price is a rally heading into the northern winter and summer peak demand periods, followed by a lull in the shoulder seasons in between. This figure already exceeds the 20.22 million metric tons from October last year and is likely to be revised upwards as more cargoes are assessed. Demand in top importer Japan is still following the usual seasonal pattern, which generally sees soft arrivals in October followed by strength as the colder weather arrives. India's imports have been trending higher, with September arrivals of 2.15 million metric tons the most since October 2021. Europe's LNG imports are also showing signs of life, with Kpler estimating October arrivals at 8.58 million metric tons, up from 7.4 million in September.

Persons: Snow, Gary Cameron, Wheatstone, Lincoln Organizations: REUTERS, Rights, Japan, LNG, El, Chevron, Reuters, Thomson Locations: Lusby , Maryland, Rights LAUNCESTON, Australia, Asia, Ukraine, China, Japan, South Korea, Europe, EUROPE, El Nino, Western Australia, Israel, Persian, Qatar, United States

Smoke rises in the aftermath of rocket barrages that were launched from Gaza, in Ashkelon, Israel October 7, 2023. REUTERS/Amir Cohen/File Photo Acquire Licensing RightsLAUNCESTON, Australia, Oct 9 (Reuters) - Crude oil prices spiked higher in the wake of a massive Hamas attack on Israel, but the relatively modest increase masks the risk of an escalating Middle East conflict. These reactions from two key leaders in the Middle East underscore just how the Hamas attacks are likely to upend relationships in the Middle East. Overall, what the attacks by Hamas have likely achieved, for now at least, is place a pause on moves to normalise political relationships across the Middle East. There is no certainty as to how the current situation will play out, but uncertainty and heightened risks are likely bullish for crude oil prices.

Persons: Amir Cohen, Brent, Benjamin Netanyahu, Ebrahim Raisi, Joe Biden, Biden, Sonali Paul Organizations: REUTERS, Rights, Brent, Hamas, Gaza, United Arab Emirates, U.S, Reuters, Thomson Locations: Gaza, Ashkelon, Israel, Rights LAUNCESTON, Australia, Israeli, Iran, Saudi Arabia, IRAN, Tehran, East, U.S, Saudi, Russia

The trick for the Saudis and the Russians is whether the global economy can withstand an oil price closer to $100 a barrel than the $70 level that prevailed in the middle of 2023. Asia's crude oil imports dropped to 25.05 million bpd in September, the weakest outcome this year and down from 25.22 million bpd in August and 27.92 million bpd in July, according to data compiled by LSEG. China's retail gasoline price has risen from 8.06 yuan ($1.15) a litre at the end of June to 9.04 yuan currently, an increase of 12%. The outlier is India, where retail prices have been kept steady despite being market-linked, at least in theory. The retail price of gasoline in the capital New Delhi is currently 96.76 rupees ($1.16) a litre, a level that has persisted since April last year.

Persons: It's, JP Morgan, LSEG, Sonali Paul Organizations: Brent, U.S . Energy, Administration, JP, Retail, Australian Institute of Petroleum, Reuters, Thomson Locations: LAUNCESTON, Australia, Saudi Arabia, Russia, OPEC, United States, ASIA, Asia, China, India, New Delhi

The world's top importing region saw arrivals of 24.95 million barrels per day (bpd) in September, down from August's 25.22 million bpd, according to data complied by LSEG. September's imports were also almost 3 million bpd weaker than the 27.92 million bpd seen in July, which was the highest monthly total so far in 2023. China imported 11.53 million bpd in September, down from August's 12.49 million bpd, according to LSEG data. Russia was China's top supplier in September, providing 1.81 million bpd, eclipsing the 1.44 million bpd from Saudi Arabia. The main question for Asia's oil demand in the fourth quarter is just how hard the recent price rally will bite demand.

Persons: Vietnam's, China doesn't, Asia's, Jamie Freed Organizations: LSEG, Imports, Reliance Industries, SK Energy's Ulsan, Taiwan's CPC, Brent, U.S, world's, Reuters, Thomson Locations: LAUNCESTON, Australia, August's, Jamnagar, India, South Korea, Saudi Arabia, Asia, CHINA, China, Russia, Iran

☆ How the Shutdown Holdouts Have Antagonized McCarthy Before
▼ + stars: | 2023-09-29 | by ( Karen Yourish | Lazaro Gamio | ) www.nytimes.com time to read: +3 min

Notably, Representatives Wesley Hunt of Texas and Ken Buck of Colorado came back to Washington at Mr. McCarthy’s request to vote in his favor for speaker. And Representative Marjorie Taylor Greene of Georgia aligned herself with Mr. McCarthy during the speaker fight and was ousted from the Freedom Caucus over the summer. With far-right members of his caucus in revolt over suspending the debt ceiling, Mr. McCarthy was forced to negotiate a deal with President Biden, further enraging the already volatile faction. In another blow to Mr. McCarthy, the bipartisan measure passed with more Democrats than Republicans. They did so to punish Mr. McCarthy for making a deal with Mr. Biden to suspend the debt limit.

Persons: Antagonized McCarthy, Biggs Bishop Boebert Buck Burchett, Gosar Greene Hunt Mace Miller Mills Mooney Moore, Kevin McCarthy’s stopgap, McCarthy’s, Biggs, Gosar Miller, Clyde Donalds Good Harris Luna Norman Perry Roy, Wesley Hunt, Ken Buck, Colorado, Marjorie Taylor Greene, McCarthy, Buck Burchett, Hunt Mace Miller Mills Mooney, Alford, Bost Brecheen Buchanan Cammack Carter Cline Clyde Collins DesJarlais Donalds Fallon Finstad Fischbach Fry Fulcher Gonzales Good Gooden Griffith, Hageman Harris Harshbarger Hern Higgins Jackson LaHood Lesko Luna Luttrell Mann Mast McCormick Moran Norman Palmer Perry Posey Rose Roy Santos, Strong Tiffany Timmons Van Drew Van Duyne, Weber, Biden, Greene, Troy Nehls, Lauren Boebert, Rosendale, Norman Roy Scalise, Mr Organizations: Republicans, House Republicans, Caucus, Mr, Freedom Caucus, Hageman Harris Harshbarger Hern Higgins Jackson LaHood Lesko Luna Luttrell Mann Mast McCormick Moran Norman Palmer Perry Posey Rose Roy Santos Sessions, Republican Locations: Rosendale, Wesley Hunt of Texas, Washington, Georgia, United States, Texas, Colorado

KANSAS CITY, Mo. (AP) — Patrick Mahomes threw for 272 yards and three touchdowns, Travis Kelce hauled in one of them to the delight of Taylor Swift, and the Kansas City Chiefs blew out the inept Chicago Bears 41-10 on Sunday. When the Bears punted a third consecutive time, Mahomes hit McKinnon again to extend the lead, and Kansas City proceeded to score on its next four possessions. STATS AND STREAKSThe Bears have not won in Kansas City since Week 5 of the 2015 season. ... Kelce needs three more TD catches to pass Tony Gonzalez (76) for second in Chiefs history.

Persons: — Patrick Mahomes, Travis Kelce, Taylor Swift, Jerick McKinnon, Isiah Pacheco, Clyde Edwards, Helaire, Kelce, Swift, Donna Kelce, Justin Fields, Alan Williams, Fields, Matt Eberflus, Andy Reid, Edwards, Mahomes, McKinnon, Mike Edwards, Harrison Butker, Reid, Tom Landry, Aaron Rodgers, Tony Gonzalez, Eddie Jackson, Josh Blackwell, Tyrique Stevenson, Jaquan Brisker, Jaylon Johnson, ___ Organizations: KANSAS CITY, Kansas City Chiefs, Chicago Bears, Super Bowl, Chiefs, Bears, Tampa, Indianapolis Colts, The Chiefs, Kansas, 271st, of Fame, Denver Broncos, Sunday, New York Jets Locations: KANSAS, Mo, Chicago, Tampa Bay, McKinnon, Kansas, Kansas City

☆ Anheuser-Busch says it has stopped cutting tails of Clydesdales
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

The Budweiser brewing company Clydesdale horses arrive for the second 2016 U.S. presidential debate at Washington University in St. Louis, Missouri, October 7, 2016. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsSept 20 (Reuters) - Brewer Anheuser-Busch said on Wednesday it has stopped cutting off the tails of Clydesdale horses used in publicity for its Budweiser brand of beer after People for the Ethical Treatment of Animals (PETA) launched a campaign against the practice. "The safety and well-being of our beloved Clydesdales is our top priority. The practice of equine tail docking was discontinued earlier this year," Anheuser-Busch, part of the Anheuser-Busch InBev (ABI.BR) global brewing giant, said in a statement. PETA launched its campaign against docking just before the big game last February.

Persons: Rick Wilking, Brewer Anheuser, Busch, Daniel Trotta, Edwina Gibbs Organizations: Budweiser, Clydesdale, Washington University, REUTERS, Animals, PETA, Anheuser, Busch, Busch InBev, American Veterinary Medical Association, Super, Thomson Locations: St, Louis , Missouri, Scotland

LAUNCESTON, Australia, Sept 19 (Reuters) - China is building two-thirds of the coal-fired electricity generation capacity currently under construction globally, and this may not be as disastrous for the climate as it sounds. The world's largest producer and importer of coal has 136.24 gigawatts (GW) of coal-fired generation under construction, according to data released in July by the Global Energy Monitor. China's under-construction coal generation is about 12% of its existing capacity, and adding more coal-fired power would seem incompatible with the stated goal of achieving net-zero carbon emissions by 2060. It makes sense from an economic and geopolitical perspective to power China's vehicle fleet using domestic electricity rather than imported crude oil. While it would obviously be better for the environment for China to stop building coal-fired power plants and instead accelerate the deployment of renewables, there is some logic to the current policy.

Persons: it's, Christian Schmollinger Organizations: Global Energy Monitor, China Passenger Car Association, Reuters Graphics, ICE, U.S . Department of Energy's, U.S . Department of Energy's Argonne National Laboratory, Reuters, Thomson Locations: LAUNCESTON, Australia, China, India, Indonesia, Saudi Arabia, Russia, U.S . Department of Energy's Argonne

☆ James Hoge, Who Led 2 Big City Tabloids, Dies at 87
▼ + stars: | 2023-09-19 | by ( Clyde Haberman | ) www.nytimes.com time to read: +1 min

James Hoge, who was a blue-blooded editor and publisher of blue-collar newspapers in Chicago and New York for a quarter-century and then long guided a leading journal on international relations, died on Tuesday in Manhattan. His son James Patrick Hoge confirmed the death, at NewYork-Presbyterian/Weill Cornell Medical Center, but did not specify the cause. Mr. Hoge’s death came four weeks after that of his younger brother, Warren, a former foreign correspondent and top editor at The New York Times. Few editors at major American newspapers have been as young as Mr. Hoge was when he rose to the top at The Chicago Sun-Times, a tabloid aimed at a working-class readership. He became the city editor at age 29, editor in chief at 33 and publisher at 44.

Persons: James Hoge, James Patrick Hoge, Hoge’s, Warren, Hoge, “, ” Organizations: Presbyterian, Weill Cornell Medical Center, The New York Times, The Chicago Sun, Times Locations: Chicago, New York, Manhattan, NewYork

This was reversed in August as strong crude imports and steady domestic output outweighed the record refinery processing rates. This was up 19.6% from the same month in 2022 and also stronger than July's 14.87 million bpd. Crude imports were 12.43 million bpd in August, the third-highest daily rate on record and up 20.9% from July and 30.9% from August last year. Subtracting processing of 15.23 million bpd leaves a surplus of 1.32 million bpd that flowed into storage tanks. The question is how will China's refiners respond to the higher crude oil prices?

Persons: shouldn't, China doesn't, China's, refiners, Sam Holmes Organizations: National Bureau of Statistics, Brent, Saudi, Reuters, Thomson Locations: LAUNCESTON, Australia, China, OPEC, pare, Iran, Russia, Venezuela

☆ America's veterans are the prime target for domestic terrorists — as recruits
▼ + stars: | 2023-09-17 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +13 min

A new documentary, "Against All Enemies," explores the link between military veterans and extremism. Why are veterans targeted as recruits for this kind of radical ideology? What patterns do you see in the direction that things are going for veterans in the wake of pulling out of Afghanistan? AdvertisementAdvertisementAre there commonalities in the ideology among extremist groups recruiting online in the ways they attract veterans for membership? From your perspective, what does the anti-democracy side stand to gain from continuing to push this this narrative to veterans?

Persons: Ken Harbaugh, —, Variety, I'm, That's, who've, that's, George Soros —, Mike Flynn's, Marjorie Taylor Greene's, Josh Hawley, JD Vance, Sarah Palin, Mike Huckabee, Trump, Mike Flynn, Andrew Clyde, we've, Liz Cheney, Adam Kinzinger Organizations: Service, Capitol, Navy, Rubicon, Ivy League, GE, Amazon, Trump, Yale Law School, United, Republican Party, clarion Locations: Wall, Silicon, Afghanistan, Korea, Vietnam, Iraq, American, Canada, United States, Myanmar, Georgia, America

LAUNCESTON, Australia, Sept 14 (Reuters) - The spot price of iron ore has climbed to a five-month high amid improving sentiment and some supportive fundamentals in China, the world's top buyer of the steel raw material. China, which buys about 70% of global seaborne iron ore, imported 106.42 million metric tons in August, the most since October 2020, according to customs data. For the first eight months of the year, imports were 775.66 million metric tons, up 7.4% on the same period in 2022. The need to rebuild stockpiles and nascent signs of a recovery in the property sector do support the recent rally in iron ore prices. This works out at around 76.7 million metric tons a month, which is well below the 90.8 million produced in July.

Persons: It's, it's, SteelHome, Christian Schmollinger Organizations: Dalian Commodity Exchange, Reuters, Thomson Locations: LAUNCESTON, Australia, China, Singapore, July's, Beijing

Haynes, 30, had been arrested earlier in the day on murder charges relating to an Aug. 12 shooting in the district. His escape prompted a several-hour shelter-in-place order last week for the entire GW campus and brief roadblocks on nearby streets. Police were able to provide an image last week of Haynes wearing a black t-shirt and gray briefs and moving through a local backyard. There were so many new twists that the public became fixated on what's coming next," Levin said. But Haynes escaped in the midst of a large city not far from a subway station.

Persons: Danelo Souza Cavalcante, Christopher Haynes, Haynes, Brian Levin, ” Levin, ” Haynes, gurney, Pamela Smith, Levin, haven't, “, Bonnie, Clyde, John Dillinger, Face Nelson, ” Organizations: WASHINGTON, George Washington University Hospital, Police, California State University San Bernardino, Prison, Hollywood, Metropolitan Police Department, ” Police, MPD Locations: Pennsylvania, Cavalcante, Chester, Washington

A general view of a crude oil importing port in Qingdao, Shandong province, November 9, 2008. Many of the newer, complex refineries in Asia prefer medium sour crude as it offers a higher yield of middle distillates such as diesel and jet fuel. ALTERED FLOWSThe higher prices for medium crude grades is impacting the ways in which crude is flowing around the world. China's imports from Brazil are expected to reach 29.07 million barrels in September, which would be the highest in three years, according to Kpler. While Saudi Arabia may have been successful in boosting oil prices, it is also disrupting the markets and altering physical crude flows.

Persons: Brent, China doesn't, Simon Cameron, Moore Organizations: United Arab Emirates, Moscow, Kpler, Reuters, Thomson Locations: Qingdao, Shandong province, LAUNCESTON, Australia, Asia, Saudi Arabia, OPEC, Russia, East, Kuwait, Brent, Dubai, Ukraine, India, Iraq, China, Iran, Islamic Republic, United States, Brazil

☆ Howard Safir, N.Y.P.D. Commissioner Under Giuliani, Is Dead at 81
▼ + stars: | 2023-09-12 | by ( Clyde Haberman | ) www.nytimes.com time to read: +1 min

Mr. Safir, who had a home in Annapolis, underwent double bypass heart surgery and was treated for prostate cancer while he was commissioner. Mayor Rudolph W. Giuliani put Mr. Safir in charge of the Police Department in 1996. The two men had known each other since the early 1980s, when Mr. Safir was a top figure in the United States Marshals Service and Mr. Giuliani was a senior Justice Department official. Two years earlier, upon becoming mayor, Mr. Giuliani had made his old colleague the fire commissioner. But in April 1996 Mr. Giuliani needed a new police commissioner to replace William J. Bratton, who had resigned after falling out of favor with City Hall, and it was clear that Mr. Safir’s primary assignment was to be his predecessor’s temperamental opposite.

Persons: Howard Safir, Adam, Safir, Rudolph W, Giuliani, Mr, William J, Bratton Organizations: Police Department, United States Marshals Service, Department, City Hall Locations: York, Annapolis, Md

☆ Sam Heughan’s Glasgow
▼ + stars: | 2023-09-12 | by ( Amy Tara Koch | ) www.nytimes.com time to read: +1 min

When he does have free time, Mr. Heughan is out and about. “I love walking and running along the River Clyde to Glasgow Green with a possible stop at the microbrewery Drygate for a beer,” he said. Hiking is another pastime (Mr. Heughan’s recent memoir, “Waypoints: My Scottish Journey,” chronicles his experience tackling the 96-mile West Highland Way hike). On the topic of the kilt, yes, Mr. Heughan does sport one in real life. If you go to a pub in one, you’ll be getting a free drink at some point in the evening.”Here are five of his favorite places in Glasgow.

Persons: Heughan, ”, Heughan’s, “, you’ll Organizations: Glasgow Green, Highland, Citizens Theatre Locations: Clyde, Glasgow

While domestic travel has rebounded, thereby lifting demand for gasoline and jet fuel, there are other factors at work driving China's crude imports. The question then becomes why did crude imports drop in July even though refinery processing rates remained robust? This means that China's crude imports in September may be robust, but arrivals from October onwards would have been bought at higher prices. The strength in coal imports is being driven by factors largely unrelated to the state of the economy. With crude oil, coal and iron ore all having dynamics separate to the overall state of China's economy, the commodity that appears most correlated with the outlook is copper.

Persons: Aly, Refiners, refiners, Brent, China's, Russia's, Christian Schmollinger Organizations: REUTERS, Rights, Administration of Customs, Imports, Reuters, Thomson Locations: Zhuhai, China, Rights LAUNCESTON, Australia, COVID, Saudi Arabia, OPEC, Russia, Ukraine, Beijing

A vessel carrying liquefied natural gas (LNG) cargo from Russia's Yamal LNG project, is seen at Rudong LNG Terminal in Nantong, Jiangsu province, China July 18, 2018. The key word Simonelli used is "destination," as it implies that LNG and natural gas are in the energy mix for a long time to come. The second bet is that the LNG industry will be able to convince government policymakers, companies and consumers that their fuel is better than the dirtier alternative of coal-fired generation. Overall, the industry is probably correct that energy demand, especially in Asia, is going to rise strongly in coming decades. But the LNG industry will also need to have policy settings just right and deploy technologies at a scale not yet seen to remain in the energy mix in a net-zero world.

Persons: Stringer, Lorenzo Simonelli, Baker Hughes, Jamie Freed Organizations: REUTERS, Rights, LNG, CCS, Reuters, Thomson Locations: Nantong, Jiangsu province, China, Rights SINGAPORE, Singapore, Asia, Gastech, Vietnam, India

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