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Ukraine state oil and gas company signs $3.656B credit agreement with China Development Bank to finance substituting natural gas with coal

Green Car Congress

The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. The program is aimed at improving Ukraine’s energy security and alleviating dependence on foreign natural gas.

Ukraine 236
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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

After Russia began its full-scale invasion of Ukraine in late February 2022, the impacts of reduced global refining capacity were exacerbated. Chinese capacity is scheduled to increase significantly this year because of the start of at least two new refinery projects and a major refinery expansion.

Global 448
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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

The reasons for the cozier relationship between the two giant powers are, of course, rooted in the Ukraine crisis and subsequent Western sanctions against Russia, combined with China’s need to secure long-term energy supplies. However, the Chinese have a problem in their plans for the yuan.

Russia 225
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10 Graphs That Sum Up the State of AI in 2023

Cars That Think

The AI Index Report notes that industry also has an advantage in terms of access to large amounts of data, computer power, and money, necessary to build state-of-the-art AI systems. In China, citizens are generally fans of AI; in France, Canada, the Netherlands, and the U.S., In the U.S.,

France 145
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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

and European Union’s decisions to impose—and maintain—sanctions on Russia after its invasion and annexation of Crimea and invasion and informal annexation eastern Ukraine will pile more pressure on the Russian energy industry. naval power, the Chinese, for example, prefer pipeline natural gas supplies over seaborne LNG supplies.

Russia 150
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EVs, influencers and riot police: Our man Iain Curry on the ground at the Beijing Motor Show

EV Central

Chinese ones. No longer is Beijing a shameful sideshow of copying designs from Ranger Rover and BMW (although there were still hints when you delved deeper), but rather fresh style with unique Chinese fingerprints. Some brands may never bring a car to market, others will remain strictly Chinese-sold only.

Motor 93
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What If Europe Loses Russian Natural Gas?

Cars That Think

And the recent revelation of atrocities committed by the Russian military in Ukraine have renewed calls to boycott Russian gas, an action European countries are struggling to figure out how to implement. Powered by electricity, they can “pump” heat from the environment at a colder temperature into a building at a warmer temperature.

Gas 102