article thumbnail

ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

Green Car Congress

Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. The decline of global oil prices since 2014 and lower external demand has encouraged the government to create a favorable environment for business-driven regional economic development.

article thumbnail

NTU Singapore to develop technologies to extract hydrogen from liquid organic hydrogen carriers

Green Car Congress

In addition, the Japanese government is supporting Singapore’s energy transition by leveraging on Japanese companies’ technologies such as Chiyoda’s SPERA Hydrogen under the Asia Energy Transition Initiative. This collaboration comes at a timely moment, on the back of rising oil prices.

Singapore 150
article thumbnail

IEA: global map of oil refining and trade to be redrawn over next 5 years

Green Car Congress

Today’s weak economic environment has reduced expectations of oil demand growth for the medium term, yet the reallocation of demand by region and key product, which has been underway for the last 15 to 20 years, is expected to continue. —IEA Executive Director Maria van der Hoeven.

Oil 255
article thumbnail

What Does The Next OPEC Meeting Have In Store?

Green Car Congress

The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels.

article thumbnail

Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

Green Car Congress

A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

Oil 150
article thumbnail

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

KPMG International is hosting the event, in cooperation with the UN Global Compact (UNGC), the World Business Council for Sustainable Development (WBCSD) and the United Nations Environment Programme (UNEP). Yet the OECD projects that forest areas will decline globally by 13% from 2005 to 2030, mostly in South Asia and Africa.

article thumbnail

IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

Green Car Congress

Energy demand growth moves to Asia. Together, these changes represent a re-orientation of energy trade from the Atlantic basin to the Asia-Pacific region, according to the report’s scenario. Oil consumption is concentrated in just two sectors by 2035: transport and petrochemicals. Source: IEA. Click to enlarge. Gt by 2035.

Oil 275