Year: 2021

Qatar, the world’s biggest exporter of liquefied natural gas, said it’s “unhappy” prices are so high but is producing at maximum capacity. The comments from Energy Minister Saad Al-Kaabi on Monday come amid a crisis in gas markets, with prices rocketing as supply fails to keep up with soaring demand. Although Qatar is spending billions of dollars to increase output, it has said it will struggle to boost production in the near term. “We are maxed out,” Al-Kaabi said at an event in Doha, adding that volumes are currently around…

The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by flooding. Heavy rains hit Shanxi in recent days, the country’s biggest coal producing province, after record floods struck the mining region of Henan in July. Thermal coal on the Zhengzhou Commodity Exchange rose by over 10% on Tuesday. The floods further complicate China’s efforts to increase fuel supplies to ease its deepening energy crisis. Shanxi Province, which produced around a third of China’s…

India is facing a looming power crisis, as stocks of coal in power plants have fallen to unprecedentedly low levels and states are warning of power blackouts. States across India have issued panicked warnings that coal supplies to thermal power plants, which convert heat from coal to electricity, are running perilously low. A worker monitors coal being carried along conveyor ramps at a coalmine near Ordos in northern China’s Inner Mongolia autonomous region.China orders coalmines to raise production to address power crunchRead moreAccording to data from the Central Electricity Authority…