Energy companies from China, South Korea and Japan plan to ship billions of dollars’ worth of Canadian liquefied natural gas to Asian markets.

More massive finds of natural gas have been discovered off of Mozambique in East Africa.  The Italian energy company, ENI, announced a further discovery between seven and ten trillion cubic feet (tcf) of gas. This brings the overall known potential for ENI to between 47 and 52 tcf of gas.  At the same time Texas-based Anadarko Petroleum Corporation announced that it has discovered up to 20 trillion cubic feet of gas.vThis new discovery is in addition to the gas already found by Anadarko which is estimated to hold between 17 and 30 plus trillion cubic feet of recoverable natural gas.

North Dakota has passed Alaska to become the second-leading crude oil-producing state in the US, trailing only Texas.

The Green River formation in the US states of Utah, Wyoming, and Colorado may hold more recoverable oil than all the rest of the world put together. The area contains the world’s largest deposits of oil shale – about 3 trillion barrels of oil. About half of this may be recoverable, depending on available technology and economic conditions.

Brazilian oil and gas producer Petrobras may raise its crude oil and gas reserves to 30 billion barrels of oil equivalent as a result of massive presalt oil discoveries.

Gasoline shipments to Brazil from the U.S. and Europe may rise as slumping ethanol production encourages consumption of gasoline. Brazilian ethanol production fell more than 40% from a year earlier in April.

Coal-fired power plants are now generating just 36% of U.S. electricity, versus 45% just one year ago.

The world’s largest facility for filtering carbon dioxide out of industrial emissions was inaugurated in Mongstad, Norway. The plant will filter out 85% of the carbon dioxide from the emissions of the adjacent natural gas-fired power plant and refinery. After that, plans call for the CO2 to be permanently stored in underground natural gas caverns. The process, known as carbon capture and storage, has never been tested on such a large scale.

The outcome of China’s planned carbon emissions scheme could have a transforming effect on efforts to tackle climate change, experts say. China is preparing to run pilot carbon trading schemes beginning in 2013 in Beijing, Shanghai, Tianjin, Chongqing, Shenzhen, Hubei and Guangdong, major cities with a combined population of 250 million people.

A German stock exchange will abandon its carbon emissions certificate trading operations in the EU-traded carbon emissions market on June 30 after trading volumes in Europe “plunged to practically zero” in recent months. Prices for these certificates have lost 60% of their value over the past year due to market worries about the growing supply glut and weak demand in the Eurozone.  Many believe the European market for emissions trading can not continue without radical political intervention to place a floor for carbon pricing.

China dominates the global market for electric bicycles, accounting for 92% of all sales.

China has started construction on what it says will be the world’s largest capacity power transmission line. The $3.7 billion, 800-kilovolt power line will be capable of transmitting 37 billion kilowatts on average annually. At 1,373 miles long, it will connect the energy base of the Hami prefecture in eastern Xinjiang with the central city of Zhengzhou, going through the expansive region of Xinjiang, Gansu, Ningxia, Shaanxi, Shanxi and Henan.

The U.S. government announced it has approved an offshore wind energy transmission line for the Atlantic coast.

The U.S. Commerce Department slapped hefty tariffs of 31% on Chinese solar cells and panels, complaining that Chinese manufacturers are illegally “dumping” their products in the United States and putting U.S. manufacturers at a competitive disadvantage.

A leaked European Commission strategy document says the EU plans to phase out renewable energy subsidies. The paper indicates that the EU Commission is supporting the German government which wants to reduce solar subsidies by up to 30% this year.

Farmers in the Czech Republic are protesting their governments decision to reduce tax refunds on biofuels. They argue that without the subsidy the cost of food production will increase making Czech farming more expensive than its European competitors.

The Canadian province of Nova Scotia has set a target to replace 10% of its current power supply with tidal energy over the next decade.

European utility companies are struggling to remain profitable as households and businesses cut back on energy use as the protracted economic malaise on the continent continues.

Japan has urged businesses and households in parts of the country to cut electricity use by up to 15% to avoid possible blackouts. The country is facing power shortages this summer because its 50 nuclear reactors have been taken offline following the Fukushima tragedy.

The cost of household energy has risen more than five times faster than household income since 2004, according to a study by price comparison website uSwitch.com. The average household’s annual energy bill of £1,252 now accounts for 11% of a couple’s annual basic state pension of £11,175 a year. The cost of energy is now the top household worry for Britons (90%), ahead of the rising cost of food (77%) and mortgage payments (42%). Almost a third of consumers (32%) say that household energy is unaffordable in the UK.

The Pakistan government announced that the severe energy crisis gripping the country would continue for at least two more years.

Constant electric power cuts have led to the largest protests in Myanmar in the past 5 years. About 75% of Myanmar’s 60 million people are without regular electricity. Power cuts are a regular feature in the largest cities with outages lasting as long as two days. Despite producing hydroelectric power, much of Myanmar’s electricity output is exported to China. Myanmar has large supplies of natural gas, but an inadequate power supply infrastructure.

The Philippine island of Mindanao expects to face a new round of electric power outages next summer with a projected shortage of 200 megawatts because its reserve power remain thin. Increasing demand coupled with low rainfall for hydro operations is causing  power shortages during the dry season.

 

 

 

 

 

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