Year: 2022

Mexico Facing Supply Shortfalls if U.S. Ramps Up LNG Exports, Fitch Says

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Mexico’s energy system relies heavily on U.S. natural gas and this could lead to price increases and supply shortfalls if the United States focuses more on the liquefied natural gas (LNG) export market, according to analysts at Fitch Ratings Inc. If the U.S. increases gas exports to Europe as a result of Russia’s invasion of Ukraine, “Mexico could face high gas prices and shortages,” said Velia Valdes, an associate director in Latin America Corporates. She spoke during a webinar Fitch organized on the Mexican energy sector. So far, the Russia-Ukraine…

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Peace pipeline

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A few days back, the Iranian ambassador in New Delhi delivered a very important statement in which he said: “Iran is ready to meet India’s energy needs by launching trade in Indian and Iranian local currencies for export of oil and gas.” According to H H Ali Chegeni, Tehran is also willing to work closely with India to revive and find alternative routes for the stalled Iran-Pakistan-India pipeline project for transporting natural gas to India. The statement reminds me of the Iran-Pakistan pipeline which we have been hearing about for…

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Pakistan in talks with Russia for LNG imports

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As Russia develops the Yamal LNG project facility — Islamabad and Moscow are in talks to a multi-billion dollar government-to-government import deal. The Yamal LNG Project includes the development of the giant South Tambey (Tambeyskoye) gas field that is located near Sabetta in the Yamal peninsula in Russia. The Russian government has declared the project to be of national interest at a cost of around $27 billion. This is a new addition to the energy cooperation between Pakistan and Russia as two countries are already working on different projects including…

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Saudi Aramco oil facility in Jeddah hit by Yemeni Houthi rebel missile

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A Saudi Aramco oil facility located in Jeddah, Saudi Arabia, was hit by a missile launched by Yemen’s rebel Houthi militia on Friday, reports on social media suggested. A Yemeni Houthi spokesperson later said that the group would be announcing more details on a wide operation in Saudi Arabia later in the day. The news sent oil prices jumping higher, with WTI surging back to $112 from around $110 and also weighed on equities, with the S&P 500 dropping about 25 points to 4515 from around 4540.

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Advanced Energy Storage Technology Developed In The UAE Receives Us$20 Million Funding From Us Global Infrastructure Development Company

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Burkhan International Development Corporation’s Investment in Supercap Energy StorageDeveloper Demonstrates the Growing Need for Supercap Energy Storage as an Alternativeto Chemical Batteries to Enable Sustainable Energy Transition in Delivering Infrastructureas a Service.Dubai, UAE and Washington D.C., March. 25, 2022 — Burkhan International DevelopmentCorporation (“BIDC”) today announced a US$20 million investment in Enercap Holdings Pte.Limited (“Enercap”), the holding company behind the invention, development, manufacturing andcommercialization of Supercap Energy Storage.Energy storage is a critical element of the energy transition, with electrification anddecarbonization requiring performance which is increasingly beyond the scope of chemicalbatteries.…

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