The International Energy Agency said crude oil demand in Southeast Asia will expand to around 6.6 million barrels per day by 2040 from 4.7 million b/d now, with the number of road vehicles increasing by two-thirds to around 62 million. The demand is fueled by rising population growth coupled with regulations limiting domestic production of oil, natural gas and coal.

Russia’s Yamal LNG, about to become the world’s biggest Arctic producer of liquefied natural gas, plans to send its first cargo to China.

The next auction of more than 75 million acres of federally owned waters in the Gulf of Mexico will be the largest ever in the history of US offshore petroleum development.

The US Bureau of Land Management announced it will auction 900 tracts on a Northern Alaska petroleum reserve for oil exploration.

Planes across Europe will soon run on renewable fuel made from vegetable oil and animal fat. The new fuel will pour into planes mixed with traditional kerosene at Geneva Airport starting next year. Finnish company Neste will supply the fuel. Neste has spoken with ten hub airports about implementing similar arrangements, including two of Europe’s busiest – Schiphol and Heathrow. To make its fuel, Neste uses pig, beef and poultry fat which is collected from slaughterhouses and then rendered down as well as fish fat from farms in Southeast Asia. In addition it collects vegetable oil byproducts from industrial food production and used cooking oil from restaurants. Neste has already partnered with a number of cities, including San Francisco, San Diego and Helsinki, to run their entire bus fleets on 100% renewable diesel. Its fuel also powers UPS delivery vans across the US.

In 2015 Neste became the world’s largest producer of renewable fuel from waste and it currently has capacity to make 2.6 million tonnes (3.2 billion litres) a year. It says that it plans to increase production to 3 million tonnes by 2020 and 4 million tonnes by 2022.

Kansas City International Airport will operate the first electric buses for airport passenger service in the US. The four 30 foot long buses will serve as parking lot shuttles, bringing passengers to the airport terminals.

The Alliance to Save Energy has established a national commission of business, government and civil society leaders that will develop recommendations to reduce energy use in the US transportation sector by 50% by 2050. Following an outside peer-review process, the Commission will publish a final report, and engage government and stakeholder groups and the public to act on these recommendations.

Honda announced plans to develop 100 hydrogen fuel stations in Japan beginning next year and to be completed by 2020. Applying new technology, the new stations will pressurize gaseous hydrogen using a mechanical compressor. This allows the stations to be much smaller and quieter than their conventional counterparts, which should make them quite attractive for use in large, densely populated metropolitan areas. Conventional hydrogen stations can cost up to $4.4 million to develop. Honda’s stations can be developed for as much as $600,000, with government subsidies factored in, thereby increasing their attractiveness.

A recent US solar power conference heard that the cost of generating and storing solar power has dropped from $800 per kilowatt-hour to $281 over the past four years. More cost decreases are ahead according to solar researchers.

There was approximately 29,600 megawatts of wind capacity under construction or in advanced development in the US at the end of the third quarter, the highest level ever reported. This total represents a 27% increase over Q3 2016.

 

with h/t Tom Whipple

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