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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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Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. This help to show that BMW is more of a bank than a car company.

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UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

Green Car Congress

UTM Offshore was incorporated in July 2012 as a privately held Nigerian company. The FLNG facility will have a Liquified Natural Gas (LNG) nameplate production capacity of 1.2 —NJ Ayuk, the Executive Chairman of the AEC.

Nigeria 186
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Tesla stops sale of bonds backed by vehicle leases as market maintains unpredictability

Teslarati

Inflation, which CEO Elon Musk hinted would increase vehicle prices, along with the uncertainty of Russia’s war with Ukraine , has sent short-term interest rates through the rough in the past several weeks. Some issuers are pausing financing plans until market conditions have stabilized. I’d love to hear from you!

Market 139
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bp to exit its 19.75% shareholding in Rosneft

Green Car Congress

The bp board announced that bp will exit its shareholding in Rosneft, a Russian state-controlled oil and gas company. Russia’s attack on Ukraine is an act of aggression which is having tragic consequences across the region. Impact on reporting and finances. bp has held a 19.75% shareholding in Rosneft since 2013.

Russia 186
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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). Russia’s invasion of Ukraine has had a clear impact on energy storage deployments in Europe.

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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

Russia’s invasion of Ukraine and other recent developments, not least post-pandemic recovery, undermined Tsingshan’s short position, forcing the company to purchase nickel at increasing prices to cover the positions, and the LME to increase margin requirements for market participants.

China 416