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Coal-Fired Power Plants

Indonesia, ADB Launch First Coal Power Plant Retirement Deal

Indonesia, the Asian Development Bank and a private power firm are teaming up to refinance and prematurely retire a coal-fired power plant, the first such proje…

Natural Gas

Canada's Ontario to Extend Gas, Fuel Tax Cut for a Year

The Ontario government said on Sunday it will extend a fuel and gas tax cut first introduced last spring by another year to help residents cope with high inflat…

EU

German Parties Agree to Ratify CETA, Quit Energy Charter

Germany's ruling coalition parties have agreed a raft of new trade policy measures, including quitting the Energy Charter Treaty, which has come to be seen as a…

Electric Vehicle Battery

Indonesia's Adaro Signs MoU With Hyundai for Aluminium Supply

Indonesian metals company PT Adaro Minerals Indonesia, Tbk has signed a memorandum of understanding (MoU) with South Korea's Hyundai Motor Company on aluminium …

Natural Gas

COP27: Israel Says Big Boost in Gas Supply to Europe Will Take Years

Israel will require several years before it can significantly increase its natural gas supplies to Europe, the country's energy ministry said on Friday.

United States

US West Faces Power Reliability Issues from Growing Use of Renewables

A group responsible for power market reliability in Western North America said the growing use of renewable generation will require the region to boost planning…

Crude Oil

UK Considering Big Increase in Energy Windfall Tax, Sources Say

British finance minister Jeremy Hunt is considering a big increase in a windfall tax on oil and gas firms and extending it to power generation firms as he tries…

Electric Car

Synthetic Graphite Becomes Crucial to Meeting Battery Demand Surge

Rystad Energy: total EV sales this year will reach nearly 10 million units, a 43% jump from 2021 sales.

CCS

Chevron and Japan’s MOL to Explore CO2 Shipping From Singapore to Australia

They will look into the technical and commercial feasibility of initially transporting up to 2.5m tonnes per annum of liquefied CO2 by 2030.

Coal-Fired Power Plants

The $15 Billion Plan to Curtail Indonesia’s Coal Industry

The United States and Japan will lead a group of counties that will offer $15 billion to Indonesia for retiring its coal power plants earlier and moving on to l…

Oil Price

High Oil Prices Ignite the Middle Eastern IPO Market

Initial public offerings in the Middle East have flourished this year thanks to higher prices that have seen increased investor interest in the region.

Nuclear Reactor

EU Needs $460 Billion Investment to Maintain Nuclear Power Capacity

The European Union will need up to $462 billion (450 billion euros) in investment just to keep the current level of its nuclear power generation capacity.

Hydrogen Production

Philippines’ President Greenlights Offshore Wind, Green Hydrogen Plan

The Philippines’ President has given the country’s Department of Energy the green light to move forward with its plan to explore and develop the offshore wind…

Net Zero Emission

New Action Plan Comes Into the Limelight to Accelerate Decarbonisation

With COP27 in full swing, governments have set out an action plan to make clean technologies cheaper and more accessible in a bid to scale up decarbonisation ef…

Nuclear Reactor

Finland Introduces Scheme to Prevent Power Blackouts

Finland's national power grid operator said on Friday it will introduce voluntary procedures for companies and the public sector to help prevent electricity sho…