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Market Analysis

Brazilian Energy Demand Grows 4.1pc in 2021

Brazil's energy consumption in 2021 grew by 4.1pc from the previous year to an average 64,736 MW

Natural Gas

Brazil's PetroReconcavo Gas Output Doubles in December

Brazilian onshore natural gas producer PetroReconcavo more than doubled production in December from the prior month on newly acquired operations in the Miranga …

Oil Refinery

IEA Revises up 2022 Global Refinery Runs Forecast

The IEA has revised up its 2022 forecast for global refinery runs to within 400,000 b/d of pre-Covid levels.

Power Construction

India’s Power Consumption to Rebound “Strongly” in 2022: Fitch

It is projected to reach 1,431TWh by year-end from 1,271TWh in 2020.

Solar Power Plant

Researchers Publish Details of Solar Panel Water Cooling Mechanism

An experimental water-cooling system increased system efficiency at high temperatures.

Wind Power Project

Fortum in Russian Wind Power Cooperation With Gazprombank’s Unit Bank GPB

Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland.

India

India and IRENA Sign Renewables Agreement

India’s Ministry of New and Renewable Energy has signed a strategic partnership agreement with IRENA, signalling its intent to further strengthen its collabora…

Electricity Trade

How Germany can Cut Power Costs by 34%

Germany can achieve significant reductions in emissions and the cost of electricity by phasing out coal in 2030 but must have a clear plan to ramp up renewables…

South Korea

Saudi Aramco Signs 10 Agreements with South Korean Companies to Advance Co-Operation

State-owned oil company signed one deal and nine preliminary agreements with South Korean companies

Oil & Gas Trade

Algeria-Morocco Dispute Hits LPG Trade

A diplomatic breakdown between Algeria and Morocco has disrupted traditional LPG trading flows, with the former looking east to sell and the latter looking west…

Carbon Neutral

Carbon Storage, H2 Key to China Net-Zero Goal: Shell

Investments in renewables-based electricity networks and technologies like carbon capture, utilisation and storage are needed this decade to accelerate China's …

Singapore

PetroChina Becomes Top 2021 Singapore Bunker Supplier

Chinese state-controlled PetroChina's Singapore subsidiary was the largest physical supplier of bunkers in Singapore last year.

Together Energy Becomes the First Supplier to Collapse in 2022

The collapse leaves around 176,000 domestic customers behind

Power Cable

Fugro Surveys Energy Island Cable Routes

Marine contractor will perform a combination of geophys, geotech services and lab testing for Energinet

Solar Power Plant

Developer Turns Sod on Colombia PV Project

12.3MW Parque Solar Los Girasoles in Norte de Santander is expected to be commissioned in Q4 2022