Year: 2021

Good things tend to happen to the global economy when copper rises and bad things when its price falls on global metal exchanges. That is why Wall Street lore has given copper a PhD in macroeconomics; because its price trends predict turns in the global economic cycle ahead of time, making it a rare leading indicator. Since it is used in most sectors of the economy, like homes, factories, electronics, power generation and transmission, Dr Copper usually provides a more accurate reading of the global economy’s pulse than most central…

Read More

ussia plans to boost the production of liquefied natural gas (LNG) to 140 million tonnes per year by 2035 and take 20% of the global market, President Vladimir Putin said on Wednesday. “By 2035, we expect to increase the LNG production in Russia to 140 million tonnes per year, as well as strengthen our position in this dynamic market, occupying about 20% due to low production costs and competitive logistics,” Putin told the Russian Energy Week event.

Read More

During a virtual conference entitled, ‘Biogas: Driving the transition from fossil to green’ – hosted by the World Biogas Association and the World LPG Association, – bio-liquefied natural gas (bio-LNG) and its role in the maritime industry was discussed by Benoit Duee, Commercial Director at FOSMAX LNG. As countries across the globe take aim at reaching Paris Agreement targets and achieving net-zero goals, alternative fuels have seen widespread adoption in multiple industrial sectors. One such sector, the maritime industry, has been utilising the benefits of LNG for some time, with…

Read More

In a major development, the government has decided to enter into long-term government-to-government agreements for LPG supply and to this effect, the gas companies, Sui Southern and Sui Northern, have been asked to develop their stakes in the LPG cylinders market. “Yes, we have decided to have sustainable LPG supply in the country knowing the fact that the load gas production has dwindled to 2.8 billion cubic feet per day from 4.2 bcfd over the years. We have planned to enter into long-term GtG contracts with various countries for LPG…

Read More

China’s decision to build more coal plants is a setback for climate action, but analysts say it could still meet its long-term emission reduction targets and may even have scope to raise its ambition at Cop26 in Glasgow. In recent days, Beijing has announced a buildup of coal capacity to address the most severe power cuts in a decade, which have caused rolling blackouts in half its provinces. This is of global concern, because China is by far the biggest source of carbon dioxide with 29% of all emissions, more…

Read More