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The European Commission (EC) has welcomed the adoption of several key files (approval of the last half of the eight legislative proposals) of the 2016 Clean Energy for All Europeans package by the European Council, following the recent approval by the European Parliament (EP) in November 2018. The European Union (EU) has now adopted four of the eight required legislative acts which make up the 2016 Clean Energy for All Europeans package, which includes new rules on renewable energies, energy efficiency and the implementation of the clean energy transition objectives.

The new regulatory framework sets two new targets for the EU in 2030: a binding renewable energy target of at least 32% and an energy efficiency target of at least 32.5%, both of which include a review clause by 2023 for an upward revision. It also aims at improving the design and stability of support schemes for renewables, streamlining administrative procedures, establishing a clear and stable regulatory framework on self-consumption, raising the targets for the transport and heating/cooling sectors and improving the sustainability of the use of bioenergy.

Once fully implemented, the Clean Energy for All Europeans package is expected to lead to a 45% reduction of greenhouse gas emission by 2030 for the whole EU (compared to 1990 level), instead of 40% previously anticipated.

The Indonesian Ministry of Energy and Mineral Resources has issued a new regulation which enables residential, commercial and industrial solar photovoltaic (PV) installations to sell excess power to the domestic grid under a net metering scheme.

Japanese utility Tokyo Gas and the Philippines-based company First Gen Corp. have signed a Joint Development Agreement (JDA) for the regarding the construction and operation of a new LNG import and regasification terminal in Batangas.

The two companies now needs to seek for financing to make final investment decision (FID) for the project that is currently estimated at around US$2bn..

Chinese state-run oil and gas company CNPC (China National Petroleum Corporation) and its Venezuelan counterpart PDVSA (Petróleos de Venezuela) have reactivated a joint venture (JV) for the development of a 400,000 bbl/d refinery project in Nanhai (Jieyang prefecture, Guangdong province, China).

Malaysian state-held oil and gas company Petronas will form a joint venture (JV) with its Argentinian counterpart YPF (Yacimientos Petrolíferos Fiscales) to invest US$2.3bn over the next four year in Argentina’s Vaca Muerta shale oil fields (Neuquén Basin). The two firms will have an equal stake in the project. Once implemented,…

The Australian Federal government has issued environmental clearance for the 800 MW Clarke Creek onshore wind project located 150 km west of Rockhampton (Queensland, Australia). Developed by Lacour Energy, the AUD1.5bn (US$1.1bn) project would include 195 wind turbines supplied by Goldwind totalling a capacity of 800 MW.

Chinese state-run oil and gas company CNPC has begun construction works on the third phase of the Jiangsu LNG import terminal in the Rudong province (China). Two 200,000 cubic meters (cm) new storage tanks will be built, along with the associated infrastructure and will bring the total storage capacity to 1.08 mcm. The commissioning of the new facilities is currently scheduled for 2021.