LNG

Cal on December 11th, 2017

  ITER, an international project to build a prototype nuclear fusion reactor in southern France, said it is facing delays if the US does not reconsider budget cuts. ITER’s director said the US contribution had been cut from a planned $105 million to $50 million this year and its 2018 budget cut from a planned […]

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Cal on November 12th, 2017

The European Commission is proposing a 30% CO2 reduction from 2021 to 2030 for light-duty vehicles (new cars and vans). 2025 will have an intermediary target of a 15% reduction. The purpose is to spur a rapid transition from internal combustion engines to alternative fuels. The proposed regulation applies to all passenger cars and light commercial […]

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Cal on November 6th, 2017

In The Geopolitics of Energy Joseph Nye writes about how the discovery of shale oil in the US has changed the balance of international political power in the world. The International Monetary Fund estimates Saudi Arabia will need crude oil prices at about $70 per barrel in 2018 for its budget to break even, a dramatic […]

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Cal on October 31st, 2017

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 […]

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Cal on October 24th, 2017

Global crude oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting the world’s biggest energy companies to accelerate the shift to natural gas and chemicals, according to energy consultant Wood Mackenzie. Oil consumption will keep expanding until at least 2035 as the petrochemical industry, which provides the […]

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Cal on October 17th, 2017

France’s largest bank, BNP Paribas, announced it would no longer finance companies whose main business is the exploration, production, trading, or marketing of crude oil and natural gas from shale or tar sands projects.  The bank will also no longer finance liquefied natural gas (LNG) terminals that predominantly liquefy and export gas from shale projects, […]

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Cal on October 14th, 2017

A new study by the China University of Petroleum in Beijing says the Asian country is about to experience a peak in its total crude oil production as early as next year.  Without finding an alternative source of “new abundant energy resources”, the study warns, the 2018 peak in China’s combined conventional and unconventional oil will […]

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Cal on September 25th, 2017

The Japanese government is expected to ease regulations on hydrogen refueling stations, with the goal of making the refueling points less costly to set up and to operate in the hope of spurring the adoption of fuel cell vehicles. Building a hydrogen station costs 400 million yen to 500 million yen ($3.5 million to $4.4 million), […]

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