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a developer of vehicle control systems and systems integrator, to provide hydrogen electric powertrain solutions to commercial vehicle OEMs across Russia, the Commonwealth of Independent States (CIS), and greater Europe. Loop Energy, a developer and manufacturer of hydrogen fuel cell-based solutions, is partnering with METTEM-M Ltd. ,
In 2020 the world’s nuclear reactors have shown resilience and flexibility, adapting to changes in demand while ensuring stable and reliable electricity supplies. GWe started supplying electricity, compared to an average annual objective for 2016-2020 of 10 GWe. —Agneta Rising, Director General of World Nuclear Association.
Against the background of the Russian attack on Ukraine and the resulting consequences, the Group Board of Management of Volkswagen AG has decided to stop the production of vehicles in Russia until further notice. Vehicle exports to Russia will also be stopped with immediate effect.
Russian Rosatom State Atomic Energy Corporation and the EDF Group signed a strategic cooperation agreement in March 2021 to develop green hydrogen in Russia and Europe. Rosatom’s ambition is to produce and to store decarbonized hydrogen, and take part in pilot projects in Russia and across the world. million customers, 28.1
The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6
Moller – Maersk is temporarily suspending new Maersk bookings within ocean, air and intercontinental rail to and from Russia, with the exception of foodstuffs, medical and humanitarian supplies (bar dual-use items). MSC has a 17% share of the global market, Maersk has a 16.9% Booking acceptance to and from St.
Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. C carbon budget.
According to GlobalData’s Mining Commodity Analyzer , Russia was the third-largest producer of nickel in 2021, producing more than 200,000 tons. The evolving situation in Russia and Ukraine has already caused unprecedented increases in the price of nickel. Trading had yet to resume as of 10 March.
In the June Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases for global crude oil benchmarks Brent and West Texas Intermediate (WTI).
Global research and advisory firm Aranca has launched the Green Hydrogen Hub —an interactive online tool that tracks all green hydrogen proejcts that have come into operations since 2018. You can look at trends—for example the increasing adoption of green hydrogen across Europe since Russia invaded Ukraine.
Ford Motor Company and Russian automobile company Sollers OJSC signed a Memorandum of Understanding (MoU) under which the parties intend to launch a new 50:50-owned joint venture called Ford Sollers for the production and distribution of Ford vehicles in Russia. Ford began producing cars in Russia in 2002. Earlier post.).
One of the challenges of constructing a global hydrogen economy is hydrogen transportation by sea. The COVID-19 pandemic and the Russia-Ukraine war have further increased the interest of Europe and Western countries to invest in the hydrogen economy as an alternative to fossil fuels.
Products from the new plant in Russia will be supplied to the growing European and Asian markets for use within the automotive sector and renewable energy markets, said Georgy Kolpachev, Managing Director of Rusnano. Under the terms of the investment agreement, Kolpachev will join Nesscap’s board of directors.
billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) was traded globally during 2021, an increase of 2.2 New LNG export capacity, primarily in the US, and rising global demand for natural gas drove continued growth in global LNG trade last year. Global LNG export capacity has increased by 29%, or 14.0
The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. Global Nickel Trade and Chinese Dominance.
In its latest Oil Market Report , the International Energy Agency (IEA) raises its forecast for global consumption of oil to 90.8 Global crude oil supplies fell by 170 kb/d in December, to 91.2 OPEC crude supply in December fell to its lowest level in a year at 30.65 Global refinery runs rose 1.5
The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. Meanwhile, projects face long lead times to finance, develop and commission.
After moderate growth in lithium supply between 2010 and 2017 of 6.4% per annum, global output is expected to triple between 2018 and 2022 to reach 154kt (metal content), as 86kt of new metal capacity comes on stream to meet the increasing demand for the metal for use in batteries in electric vehicles and smartphones.
Inventories are just one part of the supply equation for diesel and other distillates. EIA sees additional uncertainty in the global marketplace for distillates and other fuels as the European Union plans to ban imports of petroleum products from Russia in early 2023. EIA forecasts Russia will produce 9.3
Pike Research forecasts that global sales of electric vehicle supply equipment (EVSE) will grow at a compound annual growth rate (CAGR) of 37% between 2012 and 2020 as the global market for plug-in vehicles (PEVs) grows, rising from less than 200,000 units sold in 2012 to almost 2.4 Click to enlarge. million units in 2020.
The report suggests that a number of factors could hinder near-term growth prospects in several regions: Political tensions in Eastern Europe could affect supply and prices of gas exports from Russia to Western Europe. Forecasts Natural Gas'
The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). The IEA said these changes will recast expectations about the role of different countries, regions and fuels in the global energy system over the coming decades. Energy demand.
In the first half of 2022 (January–June), US exports of petroleum products averaged nearly 6 million barrels per day (b/d), the most first-half-of-year exports in Petroleum Supply Monthly data, going back to 1973, according to the US Energy Information Administration (EIA). US propane exports averaged 1.4
The trajectory of North American gas supply is set to change radically as a result of the fall in oil prices that has occurred due to COVID-19 and the breakdown in production cooperation between OPEC and Russia, according to IHS Markit. —Narmadha Navaneethan, director, North America upstream research, IHS Markit.
As the aluminum sector is expected to rapidly grow over the next twenty years, the United States should evaluate whether it is likely to maintain a secure and reliable supply of primary aluminum, or whether vulnerabilities exist in the supply chain. Global demand is outpacing supply, so we can see a potential supply shocking coming.
In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts.
Non-OPEC+ is set to lead world supply growth through next year, adding 1.9 Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Nevertheless, product markets are expected to remain tight, with a particular concern for diesel and kerosene supplies. mb/d of supply in 2022 and 1.8 mb/d in 2022 to 2.2
Global energy consumption grew by 2.5% globally, and 8.4% The report also highlighted supply disruptions as one of the major energy events of the year. Fossil fuels still dominated energy consumption with 87% market share, while renewables rose fastest but are still only 2% of the global total. was the highest since 1969.
After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. —Snam CEO Marco Alverà.
Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency. Global emissions from the energy sector stood at 32.1 The data signal a continuing decoupling of emissions and economic activity.
Royal Dutch Shell plc has agreed to acquire part of Repsol S.A’s LNG (liquefied natural gas) portfolio outside of North America, including supply positions in Peru and Trinidad & Tobago, for $4.4 These additions will complement Shell’s existing LNG capacity in Africa, Asia, Australia, the Middle East and Russia. billion in cash.
ARI) to conduct the new world shale resource assessment because shale oil production has become a significant source of oil supply within the United States and because more and better geologic information has become available for shale formations located outside the United States. EIA commissioned Advanced Resources International, Inc.
Global emissions of CO 2 increased by 3% last year, according to the annual report “Trends in global CO 2 emissions”, released by the EC Joint Research Centre (JRC) and the Netherlands Environmental Assessment Agency (PBL). At 3%, the 2011 increase in global CO 2 emissions is above the past decade’s average annual increase of 2.7%.
As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. Click to enlarge. Outlook for Energy.
In 2021, China imported more liquefied natural gas (LNG) than any other country, according to data from Global Trade Tracker and China’s General Administration of Customs, gathered by the US Energy Information Administration (EIA). Bcf/d, according to data by S&P Global Platts. China’s LNG imports averaged 10.5 Bcf/d to 16.7
Airline executives continue to express concern about rising fuel costs, according to a new global aerospace study released today by CIT Group Inc., 82% of respondents said they were extremely concerned (51%) or very concerned (31%) about fuel supply and costs. 2011 Global Aerospace Outlook Challenges of an.
World markets for petroleum and other liquid fuels have entered a period of dynamic change in both supply and demand, the EIA noted, leading to its reassessment of its outlook for long-term global liquid fuels markets in IEO2014. OPEC oil producers are the largest source of additional liquid fuel supply between 2010 and 2040.
GAZ Group, part of Basic Element, one of the Russia’s largest diversified industrial groups, and Gazprom have agreed to cooperate on using natural gas as a motor fuel. GAZ Group is the largest manufacturer of commercial vehicles in Russia. The company’s share in the global and Russian gas reserves makes up 17% and 72%, respectively.
Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data.
recently announced a partnership with the goal to supply 5 million tonnes of green hydrogen a year by 2030—the equivalent of one third of the calorific energy of natural gas Germany imports from Russia.
Mercedes-Benz intends to use the F-CELL World Drive is to demonstrate the efficiency and suitability for everyday use of fuel cell technology, and at the same time campaign for the development of a global hydrogen filling station network. After crossing Australia the cars will reach the continent of Asia.
The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry. In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. WTI, the US light crude, covers 60% of global growth.
The annual assessment of global greenhouse gas (GHG) emissions by the JRC and the Netherlands Environmental Assessment Agency (PBL) confirms that CO 2 emissions have stalled for the third year in a row. Emissions from international transport (aviation and shipping) contribute another 3% to the total global GHG emissions.
higher sulfur) nature of the crude petroleum supplied to the market. Efforts by Brazil, China, India and Russia to improve their air quality by the introduction of low-sulfur fuels are ongoing. Hydrotreating catalysts will continue to achieve the best growth in the petroleum refining market, aided by the increasingly sour (i.e.,
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