Day: April 26, 2021

Saudi Arabia could save some $200 billion over the next ten years by switching from crude oil to natural gas and renewables for electricity production, Reuters reports, citing the Kingdom’s Finance Minister. “Instead of buying fuel from the international markets at $60 and then selling it at $6 for Saudi utilities, or using some of our quota in OPEC to sell at $6, we’re going to actually displace at least 1 million barrels a day of oil equivalent in the next 10 years and replace it with gas and renewables,”…

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Last week saw some much-needed good news for natural gas. The European Union signaled that it would include natural gas in its energy plans for the future, emissions and all. The not-so-good news is that speaking of emissions, the EU might oblige suppliers to minimize these as much as is possible. In the early days of the rush to cut emissions, natural gas was hailed as what many called a bridge fuel, the bridge being between fossil fuels and renewable energy. Then, as the rush accelerated, the bridge-fuel status of…

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France’s supermajor Total declared force majeure on Monday on its US$20-billion liquefied natural gas (LNG) project in Mozambique following recent Islamist militant attacks in towns close to the site. The project site is close to the town of Palma in the Cabo Delgado province, where Islamic State-affiliated militants have been active for a few years now. Last month Islamic State-affiliated militants raided the town of Palma in the Cabo Delgado province in attacks that have left dozens of people killed since March 24. Following the renewed attacks, Total said at…

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Canada has repeatedly been raising with top U.S. officials, including President Joe Biden, the issue with Enbridge’s Line 5 which Michigan wants shut down, and considers intervening in the legal dispute between the pipeline operator and the U.S. state, sources with knowledge of Canada’s plans told Reuters. The Line 5 pipeline saga – although not as spectacular as the killing of Keystone XL by President Biden or the troubles surrounding the Dakota Access Pipeline – is once again pitting Canada against the U.S. Michigan Governor Gretchen Whitmer and the director…

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Civil society activists have demanded the establishment of a parliamentary commission to investigate the failures of planning and regulatory processes aimed at making the power sector technically efficient, financially sustainable and responsive to the imperatives of climate change. They criticised the ‘misplaced’ priorities set in the Integrated Generation Capacity Enhancement Plan (IGCEP)-2047 and Competitive Trading Bilateral Contract Market (CTBCM) reforms. They were addressing an online press conference organised by the Alliance for Climate Justice and Clean Energy on Friday. Despite the coal moratorium announced by Prime Minister Imran Khan in…

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