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INDIA'S COAL IMPORTS ARE AT THE HIGHEST LEVEL, PRODUCTION JUMPS 7%.
India emerged as the world's largest buyer of seaborne coal two years ago, surpassing China and Japan, driven by heightened steel demand. Despite a slight decline in imports in 2022 and 2023, projections suggest a rise to 100 million metric tons by 2030.
- 2 years, 3 months
LNG Market Faces Supply Shortages Despite Hopes for Improvement by 2025.
Currently, all attention is on the liquefied natural gas (LNG) market, especially following the disruptions in Russian gas supplies and the volatility in the global gas market triggered by the Ukraine war and subsequent sanctions.
- 2 years, 3 months
SHELL TO SELL INTEREST IN SINGAPORE ENERGY AND CHEMICALS PARK TO CAPGC.
Today, on the 8th of May 2024, Shell Singapore Pte Ltd, a subsidiary of Shell plc, has agreed to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings Pte. Ltd.
- 2 years, 3 months
IRAQ MOVES TO EXPORT DIESEL AFTER ACHIEVING SELF-SUFFICIENCY.
Iraq is currently finalizing its preparations for exporting diesel (gas oil) after achieving self-sufficiency by completing necessary logistical procedures. The Ministry of Oil announced its plans in a statement seen by the Washington-based Specialized Energy Platform on Monday, May 6, 2024.
- 2 years, 3 months
USA: BIDEN ADMINISTRATION BANS FOSSIL FUELS IN FEDERAL BUILDINGS.
The Energy Independence and Security Act of 2007 mandates federal buildings to phase out fossil fuel usage by 2030, focusing on transitioning to cleaner electricity sources such as wind and solar power to cut greenhouse gas emissions.
- 2 years, 3 months
SHELL IS HEADING OUT OF SOUTH AFRICA AFTER 122 YEARS.
Shell International is preparing to exit its longstanding presence in South Africa, where it has operated since 1902, by divesting its shares in its retail, transportation, and refining unit. The majority stake of 72% in this unit is held by the energy company, while the remaining 28% is owned by local investment firm Thebe.
- 2 years, 3 months
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