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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

Green Car Congress

Particular opportunity for the Global South identified as net-zero fuel production costs expected to be up to 20% lower in Latin America and Africa. To reach the industry’s 2050 (net) zero goal, shipping’s fuel needs would require electricity from renewable sources to increase by up to 3,000 TWh, the report shows. London, UK.

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

This trend was already underway before the pandemic, due to cost-competitive gas in key sectors including power, industry and transport, and major regions including Europe, North America and Asia. The goal is to bring down the cost of green hydrogen until it becomes competitive with fossil fuels in many applications in the next five years.

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GE, Rosneft to pursue opportunities in Russia’s oil and gas industry, including Arctic offshore

Green Car Congress

GE and OJSC Rosneft signed a memorandum of understanding (MOU) that lays the foundation for the two companies jointly to evaluate and develop commercial opportunities in oil and gas exploration and production in the Russian Federation. In addition, the Company participates in several exploration projects in Kazakhstan and Algeria.

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Nissan to test African demand for its e-Power hybrid vehicle – ET Auto

Baua Electric

This year Nissan will export the South African built Navara pickup trucks to new markets of Algeria, Libya, Sudan, Tunisia and Egypt, Nissan Africa product Marketing Director Stefan Haasbroek said.

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GECF: more than a quarter of 2050 natural gas supply untapped

Green Car Congress

Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). It will see production rise across all regions of the world, with the exception of Europe, where it will decline by 70% by 2050.

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Volkswagen plans integrated mobility concept in Rwanda; vehicle production in Kenya

Green Car Congress

Volkswagen also this week inaugurated a vehicle production facility in Kenya. At the inauguration, Diess underlined Kenya’s key role within the Volkswagen brand’s Africa strategy: “ After over 60 years of Volkswagen vehicle production in South and North Africa, I am delighted to now have a further site in Kenya. initiative.

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New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

Green Car Congress

Although the terms shale oil and tight oil are often used interchangeably in public discourse, shale formations are only a subset of all low permeability tight formations, which include sandstones and carbonates, as well as shales, as sources of tight oil production. US tight oil production increased from an average 0.2

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