China’s largest oil company Sinopec, one of that country’s top banks, and its sovereign wealth fund agreed to develop a $43 billion natural gas project in the US state of Alaska.

When will we reach peak oil demand?  Royal Dutch Shell and Norway’s Statoil predict crude oil demand could reach its high as soon as 2025 or 2030. However, Exxon Mobil Corp. and Chevron Corp. say peak demand is not in sight, and OPEC’s demand forecast is in line with that of the International Energy Agency, which argues that global oil demand will grow slowly past 2040.

In Turkey, construction for the Turkish Stream pipeline designed to transport Russian natural gas moved into official Turkish waters. Turkey wants to capitalize on its geographic position by becoming an energy bridge between Central Asian and Middle East suppliers and the European market.

Crude oil explorer Tullow Oil said it expects to produce between 85,000 and 89,000 barrels of oil per day from its fields off the coast of Ghana in West Africa.

Alstom said it will build 14 hydrogen fuel-cell trains for the Local Transport Authority of Lower Saxony in Germany. The trains will replace the diesel trains. The hydrogen for the trains will be provided by the Linde Group.

Italy announced it will phase out coal in electricity generation by 2025, and significantly boost the share of renewables in total energy and electricity consumption. Italy plans to have 28% of its total energy consumption supplied by renewable energy sources by 2030, compared to 17.5% in 2015. The 28% target should be reached with around 50% of newly installed capacity coming from PV solar. The government expects electricity production from PV to increase from 23 terrawatt-hours (TWh) currently to 72 TWh by 2030. Wind power is expected to see an increase from 25 TWh to 40 TWh, while hydroelectric power will see its contribution remain steady at 50 TWh.

New Zealand says it expects to be run on 100% renewable energy by 2035, Currently renewables (mostly hydro) provide 80% of the country’s energy.

The first truly autonomous cars may be here— vehicles that cruise the public streets with no one sitting behind the wheel to take over in case of emergency. Waymo says that it has driverless cars on the roads in the US city of  Phoenix, Arizona, with nobody in the front seats.

At a petrol station in the Norwegian city of Dal, 30 minutes north of Oslo, owners of the next generation of electric cars will within months be able to charge their battery in as little as 10 minutes — about one-third the time it now takes.

Every new or refurbished house in Europe will need to be equipped with an electric vehicle recharging point, under a draft EU directive expected to come into effect by 2019. Moreover, by 2023, 10% of parking spaces in new buildings in the EU will have to have recharging facilities. Meanwhile, Norway and the Netherlands plan to completely phase out vehicles with petrol engines by 2025.

 

 

with h/t Tom Whipple

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