The world will burn 1.2 billion more tons of coal annually by 2017 than in 2012, putting coal close to oil as a leading energy source, the International Energy Agency said.

Russian energy company Gazprom announced that engineering surveys are under way for development of liquefied natural gas (LNG) facilities at the Shtokman field in northern Russia.

Norwegian energy firm Statoil found more gas offshore Tanzania, its third discovery in the country this year. The discovery confirms East Africa’s status as one of the world’s fastest growing natural gas hubs, with the U.S. Geological Survey estimating that 441 trillion cubic feet (tcf) of gas may lie off Kenya, Tanzania, Mozambique, Madagascar and the Seychelles,

Exxon Mobil said it signed agreements to start exploration work in the deep waters off South Africa.

Norwegian energy company Statoil announced it was spending $590 million to acquire land in the Marcellus shale in the United States.

Wind-turbine installations are about to exceed natural gas-fueled power plants in the US for the first time this year as developers race to complete projects before a renewable energy tax credit expires.

Norway is the world leader when it comes to renewable energy. 95% of the energy produced in the country comes from hydropower, and its energy prices are the lowest in Europe.

The Central American country of Nicaragua generates 40% of its electricity from renewable energy. This figure is expected to reach 50% in 2013,  70% by 2017 and 93% by 2026 as planned hydropower, wind power, geothermal and biomass projects come on-line.

China will open the world’s longest high-speed rail line this week when a link between Beijing and the southern city of Guangzhou is inaugurated. The 2,298-km (1,428-mile) line will cut travel time between the two cities to less than 10 hours on trains which will run at 300 kph (186 mph).

 

 

with h/t Tom Whipple

 

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