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Trade
India
Sembcorp signs PPA to supply 625MW to India's Andhra Pradesh
The long-term contract will run for 12 years.
LNG
US Expected to be World's Biggest LNG Exporter as China Poised to Become Top Importer
Brazilian imports more than tripled amid a drought and weak hydropower generation soaring to 7.5 MMt in 2021
Coal Trade
Indonesia Bans January Coal Exports
The step could infuse another round of price volatility after spot prices more than halved after hitting multi-year highs in late October 2021.
Electricity Trade
Power Costs in Europe Soar to Record High in 2021
The continent's energy crunch followed shortages of natural gas just as demand rebounded following 2020’s lockdowns
Power Construction
GCCIA, CESI Launch Electricity Pricing Pilot Project for the GCC
This ambitious project consists in the creation of an electronic platform for the pricing of electricity in GCC countries, as part of the first phase of the ene…
RCEP
RCEP to Take Effect on First Day of 2022, Extend Asia-Pacific Industrial Chains in Closer Bond
The world will see the establishment of its largest trade bloc, the Regional Comprehensive Economic Partnership, from the beginning of 2022
Crude Oil
Mexico To End Oil Exports In 2023
Mexico will suspend crude oil exports in two years in a bid to focus on domestic self-sufficiency.
Oil & Gas Trade
Hyundai Oilbank to Export Gasoline and Diesel to Hawaii
Hyundai Oilbank announced on Dec. 28 that it has signed a long-term contract to export finished petroleum products to Hawaii.
Electricity Trade
World Bank Cautions Nigeria Against Hiking Electricity Tariffs
The World Bank has cautioned Nigeria and other emerging economies against raising electricity tariffs.
Electricity Trade
India’s Renewables Boom Set to Lift Power Exchange Spot Trading
Share of spot market may more than quadruple in two years
Crude Oil
CPC to Import 90,000MT Crude Oil from Singapore
The Ceylon Petroleum Corporation says it will import 90,000 metric tons of fuel on credit from a supplier in Singapore next month.
Coal Trade
India’s Adani Group to start exports from Australia’s Carmichael coal mine
First shipment expected before end of year despite global pressure to phase out fossil fuel
Oil & Gas Trade
China’s Oil Imports in November from Saudi Arabia Fall from a Year Earlier
China’s crude oil imports from Saudi Arabia in November fell 13% from a year earlier, but the kingdom retained its ranking as the top supplier to the world’s …
Crude Oil
Nov Crude Imports from UAE Hit Record High at 1.1 mil b/d
China's crude imports from the UAE hit a record high of 4.47 million mt, or 1.09 million b/d, in November amid lower official selling prices, making it China's …
Electricity Trade
Power Prices Reach Stunning EUR 400 per MWh in Europe
Power prices reached critical levels across Europe amid a surge in costs for natural gas and an outage in France.
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