Day: June 2, 2022

LONGi Green Energy Technology Co., Ltd (hereinafter LONGi) has noted that BloombergNEF, a global third-party research provider, stated in its Q2 2022 Global PV Market Outlook that “the world’s largest module maker, LONGi, is […] off the list for Q2 2022 because it has a debt record from May 15, 2022.” The company feels it necessary to clarify the circumstances behind this perceived debt and is therefore issuing the following statement.The ‘debt record’ in question refers to a minor labour dispute between the company and an individual, which has now…

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Argentina, home to the world’s second-largest shale gas deposit, cannot help gas-starved Europe, which is scrambling to obtain non-Russian natural gas after Russia’s invasion of Ukraine. In fact, Argentina cannot even help wean itself off its energy import dependence in the short term despite the huge resources at the Vaca Muerte shale. The development of Vaca Muerta has hit various snags over the past half-decade, from perennial economic crises to global oil and gas crises and domestic foreign exchange limitations. Moreover, Argentina has failed to advance pipeline projects to take…

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The new windfall tax on profits of oil and gas companies in the UK is expected to cost the medium-sized North Sea-focused companies a total of $3.3 billion through 2025, according to investment bank Jefferies. Following months of rumors and indecision, the UK government announced last week a 25% Energy Profits Levy, commonly referred to as a “windfall tax”, as part of a package to ease the cost-of-living crisis stemming from huge rises in household energy bills. The move has long been opposed by the industry, which argued that a windfall…

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