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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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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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Note: Based on a levelized cost of electricity from a standalone PV generator of $16/MWh in Algeria and Spain, $26/MWh from onshore wind and $41/MWh from offshore wind in Germany, natural gas price of $1.5/MMbtu Clean hydrogen could abate up to 37% of energy-related greenhouse gas emissions, according to BNEF estimates. MMbtu in Russia, $8.7/MMbtu

Gas 243
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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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Geely exports more than 100,000 vehicles in 2012; 164% year-on-year growth

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The Emgrand range of vehicles, which includes the EC7-RV hatchback, EC7 Compact Sedan and EC8 mid-size sedan, proved to be popular models in key markets with export sales breaching 40,000 units over the course of 2012 and accounting for 40% of total export sales.

2012 225
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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.

Gas 210
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Opinion: How Much Longer Can OPEC Hold Out?

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Much like Venezuela, Nigeria needs international crude prices to be in the range of $90- $100 a barrel which is not possible unless OPEC reduces its supply. Iraq’s Issues. After Saudi Arabia, Iraq is the biggest crude oil producer in OPEC. It also has the fifth largest proven crude oil reserves in the world.