Daily Energy News
Policy & Regulatory
The UAE aims to raise energy efficiency by 40% by 2050
24 Mar 2021The United Arab Emirates has launched its national water and energy demand management programme, which aims at raising energy efficiency by 40% by 2050 and at increasing the renewable energy’s contribution to the energy mix to 50% by 2050. The energy efficiency programme will focus on the three most energy-intensive sectors, namely transport, industry and construction.
Read moreSlovenia proposes to phaseout coal by 2033
24 Mar 2021The Slovenian Ministry of Infrastructure has launched a public consultation of a draft national strategy to restructure the country’s coal regions, proposing to phaseout coal by 2033. Under two alternative scenarios presented in the strategy, coal exit could occur in 2038 (when the investment loan for the Šoštanj-6 coal-fired unit is repaid) or in 2042, which would result in significant mitigation measures to meet Slovenia’s climate commitments.
Read moreIndonesia plans to add 11.7 GW of renewable capacity by 2025
24 Mar 2021The Indonesian Ministry of Energy and Mineral Resources plans to increase the country’s renewables capacity by 11.7 GW between 2021 and 2025, according to the draft 2021–2025 Electricity Supply Business Plan (RUPTL).
Read moreCompanies
Norway’s Scatec targets 15 GW of installed renewable capacity in 2025
24 Mar 2021The Norwegian group Scatec plans to invest NOK100bn (€9.8bn) by the end of 2025 to expand its renewable capacity portfolio to 15 GW. The Norwegian company, previously only focused on solar, has currently 3.3 GW of installed capacity and is expanding into wind, hydropower and storage with 11.9 GW of projects.
Read moreArgentina’s YPF will invest US$1.5bn in 2021 to boost hydrocarbon output
24 Mar 2021Argentina’s national oil and gas company YPF will invest more than US$1.5bn in the southern province of Neuquén in 2021 to boost the production of shale oil from the Vaca Muerta play by 56% and that of unconventional gas by 70%.
Read moreTotal will supply 1.4 Mt/year of LNG to China’s Shenergy Group
24 Mar 2021Total has signed binding agreements with the Chinese gas company Shenergy Group for the supply of 1.4 Mt/year of LNG from Total’s global LNG portfolio over a 20-year period, as well as the creation of a joint venture to expand LNG marketing in China. The joint venture (Total 49%, Shenergy Group 51%) will sell LNG, supplied by Total, to customers in Shanghai and throughout the neighbouring Yangtze River Delta regions. Total will also supply LNG to Shanghai Gas, the natural gas subsidiary of Shenergy Group, for its distribution business.
Read moreSaudi Aramco’s crude oil production fell by 7% to 9.2 mb/d in 2020
23 Mar 2021Saudi Aramco has released its 2020 results, posting a 31% decline in oil revenues due to the fall in global oil prices in the wake of the COVID-19 pandemic and announcing SAR184bn net profit (US$49bn, -44% compared to 2019). The company’s crude oil production declined by 7% to 9.2 mb/d in 2020, its lowest level since 2011, due to the OPEC+ agreement on production cuts. Saudi Aramco’s average hydrocarbon production decreased by 6% to 12.4 Mboe/d.
Read moreInfrastructure & Investments
Annova LNG cancels its Brownsville LNG export project (US)
24 Mar 2021Annova LNG has cancelled its Brownsville LNG production and export project in Texas (United States), due to the fall in global LNG prices in the first half of 2020 and their slow growth since then. The project would have consisted of up to six liquefaction trains of over 1 Mt/year each, for a cumulative capacity of 6.5 Mt/year, and would have included two 160,000 m3 storage tanks.
Read moreRosatom commissions Leningrad II-2 nuclear reactor in Russia
24 Mar 2021Rosatom has commissioned the second VVER-1200 reactor of the Leningrad II nuclear power plant in Sosnovy Bor, in western Russia. It will replace the RBMK-1000 reactor of the Leningrad I-2 power unit, which was shut down at the end of 2020.
Read moreEnergy & Climate Markets
EDF will stop its 2 GW West Burton A coal-fired plant in 2022 (UK)
23 Mar 2021EDF will end operation at its 2 GW West Burton A coal-fired power plant in Nottinghamshire, England (United Kingdom). Two of the four 500 MW coal units will be available only to meet capacity market commitments over the next 18 months and the power plant will enter decommissioning by the end of September 2022.
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