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Indonesia’s Tangguh LNG Train 3 in ‘commissioning process:’ minister

The Indonesian Tangguh LNG project’s Train 3 is in the “commissioning process,” with hopes for the first shipment by end-June, Indonesia’s Minister of Energy and Mineral Resources Arifin Tasrif said March 3. “No. 3 [Train] now in the commissioning process; we hope they can finalize [production] within the next couple months,” Tasrif told reporters on […]

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Starting gun sounds for global ‘race to the top’ in hydrogen economy: IE Week panel

The hydrogen economy is poised to take off in 2023, with a “race to the top” between China and the US, and Europe scrambling to make up lost ground, according to panelists at International Energy Week, but questions over the cost and scale of the transition were hotly contested. An increasing focus on capital flowing

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INTERVIEW: Carbon market flaws must be fixed, not an excuse to discard entire system: Shell

Flaws in the global carbon market must be fixed for it to evolve, instead of being used as an excuse to discard the entire system that is helping companies achieve net-zero emissions, said Flora Ji, vice president of Nature-based Solutions at Shell. In a written interview on March 1, Ji said the industry needs to

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ArcelorMittal Sourcing awards Illawara coking coal tender to Trafigura

ArcelorMittal Sourcing, the raw materials buying unit of the world’s second-biggest steelmaker, awarded a sell tender for a cargo of premium hard coking coal March 1 to trader Trafigura in the 10th such tender held over the past year. The 42,000 mt of Illawara — a South32 coal with 24% volatile matter on an air-dried

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India’s IOC releases provisionally hired China-linked VLCC to import Mexican crude

India’s state-run Indian Oil Corp. has released a VLCC – after being briefly placed on subjects – when it was learnt that the super tanker was controlled by a Hong Kong-based commercial operator, as stringent government restrictions debar use of China-linked ships to move cargoes in or out of the country, several market participants said

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Occidental sees lingering uncertainty for PVC, caustic soda demand: CFO

Occidental Petroleum’s chemical division sees lingering uncertainty in polyvinyl chloride and caustic soda demand in the first half of 2023, CEO Robert Peterson said Feb. 28. PVC producer OxyChem saw 2022 US PVC export demand jump 46% while domestic PVC demand fell nearly 7%, both from 2021, Peterson said during the company’s fourth-quarter 2022 earnings

Occidental sees lingering uncertainty for PVC, caustic soda demand: CFO Read More »

EC approves Eur89.6 mil Hungarian investment aid to Samsung SDI’s gigafactory

The European Commission has approved Eur89.6 million ($95.1 million) in state aid to support the expansion of battery maker Samsung SDI’s electric vehicle battery cell production facility in Göd, Hungary, the EC said Feb. 28. The Commission said it had found the measure to be in line with EU state aid rules and the funds

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Mining suspensions at Chinese lithium hub to lift market optimism in short term

A slew of suspensions hitting illegal mining operations in China’s lithium production hub of Jiangxi is expected to set a bullish tone for markets in the short term and pause a recent downtrend in prices, market sources said Feb. 28. Several mining and related operations of lithium chemical producers in the Yichun city of Jiangxi

Mining suspensions at Chinese lithium hub to lift market optimism in short term Read More »

US climate investment plan to challenge China’s dominance in clean energy

The Biden administration’s ambitious plan to make the US a clean energy superpower is a direct challenge to China’s dominance of global clean energy supply chains and is likely to exacerbate trade frictions and intensify competition in what is now viewed as a clean energy arms race. Washington’s Inflation Reduction Act or IRA is expected

US climate investment plan to challenge China’s dominance in clean energy Read More »

US Senate energy chair offers bill to bolster European-North American energy ties

Seeking to strengthen energy security partnerships between European and North American allies, US Senate Energy and Natural Resources Committee Chairman Joe Manchin is pushing legislation to bolster US Department of Energy authority and financing available for projects that could help ease reliance on Russian supplies. The West Virginia Democrat has introduced legislation, dubbed the North

US Senate energy chair offers bill to bolster European-North American energy ties Read More »

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