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LNG
Cyprus Starts Work on First LNG Import Terminal
Cyprus has started building its first LNG import facility at Vassilikos, the nation’s largest and most expensive energy project.
Coal Trade
Indian Thermal Ccoal Imports at Major Ports Decline 35% to 17.71 MT in April-June: IPA
Thermal coal imports at India's 12 major ports dropped 34.70 % to 17.71 million tonnes (MT) in the first quarter of the current fiscal.
Crude Oil
OPEC and Russia May Ease Oil Production Cuts
Saudi Arabia, the world’s largest oil exporter, and other major oil-producing countries are likely to increase their output in August.
Coal-Fired Power Plants
Japan to Stop Support for Overseas Coal-Fired Plants After Criticism
The Japanese Government is reportedly planning to stop offering financial support for the construction of overseas coal-fired power plants as it faces criticism…
Wave Energy
CorPower Establishes €16m R&D Facility for Wave Energy in Portugal
CorPower is establishing a €16 million facility in Portugal for research, development and manufacturing of wave energy converters.
SoftBank May Divest Stake in Indian Green Energy Firm SBG Cleantech
Japanese conglomerate SoftBank Group is reportedly in talks to sell its 80% stake in Indian green energy firm SBG Cleantech.
Hydropower Plant
China Gezhouba to Build $1bn Hydropower Project
Construction and engineering company China Gezhouba has reportedly signed a $1.5bn agreement to build a 700.7MW hydropower plant in Pakistan-administered Kashmi…
Oil&Gas Drilling
Africa Energy to Spud Luiperd-1 in September
Africa Energy Corp. has announced that the Odfjell Deepsea Stavanger semi-submersible rig has departed Bergen.
Energy Storage Battery
Varta Receives €300m Funding to Pilot Large Format Li-ion Cells
Germany-headquartered battery manufacturer Varta will receive €300 million of government funding to develop large format lithium-ion cells.
Electricity Trade
India to Ban Imports of Power Equipment from China and Pakistan
The Government of India is reportedly planning to stall power equipment imports from neighbouring countries China and Pakistan.
Supported independent living services panel
Tenders are invited for Supported independent living services panel
Crude Oil
Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…
Market Analysis
Rotterdam Could be a Leading International Hub for Hydrogen
Rotterdam has the potential to establish itself as a leading international hub for hydrogen, says new report by Dutch Research Institute For Transitions.
LNG
India's Top Gas Importer Close to Long-Term Deal Around Spot Prices
India's top gas importer Petronet LNG will soon finalise a deal to import at least 1 million tonnes per annum of liquefied natural gas with prices near the spot…
Oil Price
Oil Major Shell to Write Down up to $22 Billion of Assets in Second Quarter
It said it would take aggregate post-tax impairment charges in the range of $15 billion to $22 billion in the second quarter.
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