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Market Analysis
Japan’s Power Demand Forecast to Fall Towards 2031-32
Japan's electricity demand is forecast to fall towards the April 2031-March 2032 fiscal year, following a steady recovery over 2021-24 from Covid-19-induced slu…
Offshore Wind Power
Clarksons Research Rounds up 2021 Offshore Wind Data
Full year 2021 data points for the offshore renewables sector have been released by Clarksons Research, profiling further record capacity growth for offshore wi…
Market Analysis
Brazilian Energy Demand Grows 4.1pc in 2021
Brazil's energy consumption in 2021 grew by 4.1pc from the previous year to an average 64,736 MW
Oil Refinery
IEA Revises up 2022 Global Refinery Runs Forecast
The IEA has revised up its 2022 forecast for global refinery runs to within 400,000 b/d of pre-Covid levels.
Power Construction
India’s Power Consumption to Rebound “Strongly” in 2022: Fitch
It is projected to reach 1,431TWh by year-end from 1,271TWh in 2020.
Market Analysis
Renewable Energy to Meet Over 70 per cent of China’s Additional Power Needs in Next Three Years, Says IEA
Even as state subsidies are being phased out, the rapid growth of onshore wind and solar farm installations is expected to continue
Market Analysis
South Australia Breaks Record by Running for a Week on Renewable Energy
South Australia sourced an average of just over 100 per cent of the electricity it needed from renewable power for 6½ days leading up to December 29 last year …
EV Market
Soaring Lithium Prices Become Major Headache For EV Makers
With lithium prices already trading at a record high in Asia, there is no sign that the rally in this much-sought-after commodity will come to an end this year
CNOOC
Chinese Oil Major CNOOC Targets Record High Production This Decade
CNOOC set its production target at 600 million to 610 million barrels of oil equivalent (boe) for 2022, up from the 2021 target of 545-555 million boe
Market Analysis
Gas-Powered Car Sales In China Down Around 4% While EV Sales Up ~145% In 2021
I saw an interesting tweet by Sam Korus from ARK Invest yesterday.
Market Analysis
Goldman Sachs Invests in Hydrostor Energy Storage
Hydrostor Inc., a long-duration energy storage solution provider, has announced a preferred equity financing commitment of US$250 million from the Private Equit…
Net Zero Emission
UK’s Biggest Energy Users ‘May Put off Net Zero Spending Due to Gas crisis’
Eight in 10 of the UK’s biggest energy users have said they are worried by rapid rises in energy prices and many are worried it could put their environmental i…
Market Analysis
Nuclear Energy will Require '€20 billion per year' Until 2050
Nuclear power will play a "fundamental role" in meeting Europe's energy demands, said EU Internal Market Commissioner Thierry Breton to French newspaper Journal…
Market Analysis
GECF and UNESCO Shape Future Plans
During the meeting, the existing stream of collaboration and new areas of cooperation in the months ahead, particularly as the UN embarks on an International Ye…
Natural Gas
Groningen 2021-22 Gas Output Estimate Almost Doubled
Gas production from the Netherlands' Groningen field this gas year may have to be almost twice as high as previously expected.
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