Remove Global Remove Oil Prices Remove South America Remove Supplies
article thumbnail

IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

Green Car Congress

The United States was the largest source of LNG supply growth in 2021, adding 25 million metric tons (MMt) amid continued buildup of liquefaction capacity as well as the ramping up of output from plants turned down the previous year. Meanwhile, mainland China has already become the top global importer of LNG. MMt set in 2014.

Qatar 186
article thumbnail

EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

Green Car Congress

China is the global leader in methanol use and has recently expanded its methanol production capacity. Most of China’s methanol supply is from domestic production. Smaller amounts of China’s methanol supply are imported from the Middle East, Southeast Asia, South America, and the United States.

2000 150
article thumbnail

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Geothermal Power Generation Solar Wind'

Renewable 150
article thumbnail

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil.