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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

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We have already seen unprecedented coal-to-gas switching in Europe, and clean air policies in major growth markets such as India and China will drive more gas adoption in the next few years. The development of an international hydrogen market could also accelerate adoption. The hydrogen market is on the verge of a revolution.

Gas 243
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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

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This is due to the expected production cost differentials of such fuels across the world (expected range of €72.60/MWh Taking the global trading of hydrogen as an exemplar, the report identifies substantial potential benefits for exporting and importing countries, particularly in the Global South. MWh to €156.40/MWh MWh in 2050).

Renewable 210
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Geely exports more than 100,000 vehicles in 2012; 164% year-on-year growth

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Geely’s current major overseas markets include Ukraine, Russia, Iraq and Saudi Arabia. Geely has set up multiple complete knock down (CKD) facilities in key markets to speed up product delivery and also lower costs for consumers. Geely’s December 2012 sales were pulled forward by a strong showing from the Emgrand series of vehicles.

2012 225
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SEAT to introduce 500 km MEB-based EV, Leon PHEV in 2020

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Built on the Volkswagen Group’s MEB platform, the new EV will feature a range of 500 km (311 miles). In this sense, the strategic growth regions are Northern Africa, where SEAT leads the Volkswagen Group’s vehicle assembly project in Algeria, and Latin America and Mexico, where the company is studying the feasibility of producing.

2020 239
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GE, Rosneft to pursue opportunities in Russia’s oil and gas industry, including Arctic offshore

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Under the terms of the MOU, GE and Rosneft will form a joint working group to identify the range of potential opportunities for short and long–term opportunities, including equipment for Arctic offshore field development, gas monetization technologies and enhanced oil recovery and difficult reserve development.

Oil 231
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Opinion: How Much Longer Can OPEC Hold Out?

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With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” Iraq’s Issues.

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Study reports non-US global shale gas recoverable resources of 5,760 Tcf; global shale gas boosts total recoverable natural gas resources by 40%

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The basic recovery factors used in this report generally ranged from 20% to 30%, with some outliers of 15% and 35% being applied in exceptional cases. In addition to the United States, this group includes Canada, Mexico, China, Australia, Libya, Algeria, Argentina, and Brazil. A hat-tip to John!

Gas 210