Latest Thread

World Energy Market

Sami1234

Sami1234

Committed member
Messages
257
Reactions
293
Nation of residence
Algeria
Nation of origin
Algeria
Ryder said:
Stupid ass greens want to ruin it all honestly we will end up just like Germany.

All for this climate change bs.
Click to expand...

TechNamu said:
If both state & federal governments issue more license for oil and gas exploration and development, Australia won't even need to suffer any gas shortage in the domestic market. In fact, Australia could have been swimming in oil & gas money like rich Arab countries currently are by selling oil & gas at inflated prices to European & Asian markets.

Well, I believe the reasonable will prevail at the end as the gov't will be forced to choose either sticking with climate change bs or upseting the people with higher energy bills. They can't continue to pretend the emissions reduction policy doesn't hurt the poor. It is simply unsustainble.
Click to expand...
Guys read about what those green libtards have done to Norway. Norwegians can't use their gas for cooking and heating, they use electricity generated by fcking hydrogen and its crazy expensive.
 
Ryder

Ryder

Experienced member
Messages
10,857
Reactions
6 18,707
Nation of residence
Australia
Nation of origin
Turkey
Sami1234 said:
Guys read about what those green libtards have done to Norway. Norwegians can't use their gas for cooking and heating, they use electricity generated by fcking hydrogen and its crazy expensive.
Click to expand...

Green libtards also think electric cars are the answer not realising how kids are being used as slaves to dig up lithium.

Green libtard policies appeal to young kids because kids are deluded and naive. Liberals always spout their utopian crap you know kids love this.

As they grow older they will see the reality.
 
Gary

Gary

Experienced member
Messages
8,361
Reactions
22 12,853
Nation of residence
Indonesia
Nation of origin
Indonesia

Indonesia’s New Partial Ban on Coal Exports Will Impact EU and Bulkers​


PUBLISHED AUG 12, 2022 3:25 PM BY THE MARITIME EXECUTIVE




For the second time this year, Indonesia has banned the export of coal saying it was falling short of its domestic targets. While the current move is only a partial ban against some miners it nonetheless comes at a difficult time raising concerns both in the bulker community and especially in Europe where the EU’s phased-in ban on Russian energy expanded this week to include a total ban on Russian coal imports.

The Indonesian Energy and Mineral Resources Minister announced the latest round of bans on August 10 saying that miners had failed to meet the target to sell 25 percent of the coal mined into the domestic market. The obligation is one that Indonesia says is necessary to maintain domestic coal supplies, which are one of the primary sources of energy.

At the beginning of 2022, Indonesia announced it was suspending all exports of thermal coal citing a domestic shortage. At the time, the Ministry of Energy said that coal inventories at 20 state-owned and private power plants were running low, raising the possibility of blackouts for up to 10 million customers. The Indonesian government tightly regulates its coal exports and controls the price of coal. Firms that do not follow the rules can be banned from the export market.

This week the Energy and Mineral Resources Minister contended that 71 coal miners failed to meet their domestic market obligations. The ministry said that 48 of the miners would be now banned from exporting coal while the Indonesia Coal Mining Association immediately contested the ban.??

“Despite legislators’ concern over shrinking domestic coal stocks, another outright ban of all coal exports remains unlikely for now,” predicts Niels Rasmussen, Chief Shipping Analyst at BIMCO.??He pointed out, “inventories in the state’s power utility company PLN remain above 4.5 million tonnes, a level considered to be secure.”

Any prolonged interruption in coal shipments however could be especially difficult for Europe as it works to implement the ban on Russian coal imports while it is also seeking to build stockpiles ahead of the coming winter months. The EU imported 39 million tonnes of coal from Russia in 2021, equal to 36 percent of EU coal imports. Indonesia had pledged to increase exports to help fill the gap for Europe.

With Russian gas exports also banned, several European countries have been looking to use coal to make up for the short supply of gas. The Netherlands and Austria, for example, have both announced plans to restart coal plants to make up for an anticipated shortage of gas. Poland, while being the EU’s largest producer of coal, imported more than eight million tonnes of Russian coal in 2021. This week it was expecting a third of its coal imports to arrive from Indonesia while it has also been working to diversify its coal suppliers with shipments also coming from South Africa this week.

“Indonesia is the world’s largest exporter of coal. In 2021, the country exported 441.5 million tonnes of coal equal to 31 percent of global coal exports. All exports are moved by ship and in 2021 were equal to eight percent of global dry bulk cargo demand,” says Rasmussen.

Indonesian officials recently reported that the country’s mining sector expanded by just over four percent in the second quarter of 2022, a growth which was attributed to the rising foreign demand for coal and specifically from Europe.

Rasmussen forecasts that the current issues in the coal market will see China and India move to buy more coal from Russia. He expects these shifts could help to reduce some of the demands on Indonesia, which has been China’s largest supplier. He also predicts that the shifts in supply patterns will drive up the average sailing distance for global coal shipments and demand overall for bulkers in the coming months.

maritime-executive.com

Indonesia’s New Partial Ban on Coal Exports Will Impact EU and Bulkers

For the second time this year, Indonesia has banned the export of coal saying it was falling short of its domestic targets. While the current move is...
maritime-executive.com maritime-executive.com
 
Sami1234

Sami1234

Committed member
Messages
257
Reactions
293
Nation of residence
Algeria
Nation of origin
Algeria

​

Canadian LNG deal with Germany seems unlikely, as emphasis grows on hydrogen​

LNG does not appear to be on the agenda, as German Chancellor Olaf Scholz prepares to visit Canada later this month
Candian LNG Germany
​
Prospects for a liquefied natural gas (LNG) export deal from Canada to Germany are close to evaporating as German Chancellor Olaf Scholz prepares for a visit to Montreal, Toronto, and Stephenville, Newfoundland August 21-23, according to The Energy Mix.
For months, Canadian fossils have been touting the possibility of shipping LNG to Germany to help the country cope with an energy supply crisis brought on by Russia’s war in Ukraine. Public speculation and behind-the-scenes lobbying have focused on three possible export terminals: Repsol SA’s Saint John LNG plant in New Brunswick, Pieridae Energy’s on-again, off-again scheme for a new export terminal at Goldboro, Nova Scotia, and far less likely, the C$14-billion Énergie Saguenay project that was soundly rejected by the Innu Nation and the Quebec government last July.
But none of those projects appears to have made the cut when Germany announced the chancellor’s itinerary for his Canadian tour. The words “liquefied” and “LNG” did not appear in a Saturday story in the Globe and Mail that had Trudeau and Scholz inking a deal “to jointly explore the production of hydrogen fuel in Canada for export to Germany.” Scholz’ stop in Stephenville for a hydrogen trade show will bring him close to the site of the proposed one-gigawatt, 164-turbine Port au Port wind farm, which would be linked to a 500-megawatt hydrogen and ammonia plant at the port of Stephenville.
Nor did LNG rate a mention in an announcement Saturday from the Prime Minister’s Office in Ottawa.
In addition to discussing peace and security in Europe, the two leaders will “continue collaboration on ways the two countries can work together to safeguard energy security, and accelerate the global transition to clean energy, including through secure access to key resources like clean hydrogen and critical minerals,” the PMO said. “They will discuss taking strong climate action through policies like pollution pricing” and talk about “bolstering science and innovation relations, and attracting investments, including in sectors like automotive and electric vehicle manufacturing, hydrogen and clean energy, and bio manufacturing and life sciences.”
​

Aversion to LNG​

The growing emphasis on hydrogen is the result of continuing discussions between the two countries, and at least partly a reflection of a strong aversion to LNG on the part of a key partner in Scholz’ three-way coalition government, the German Green Party, a senior Canadian government source told The Mix. The push for LNG in both governments continues, but even if it succeeds, the Repsol plant—a facility that already exists, and would not likely need new permits or public hearings to retool its operations—is the only one that has a credible chance of proceeding.
Even then, there are serious questions about whether Repsol could convert its St. John facility for export in time to help Germany address a short-term gas shortage when the country is also committed (and legally bound) to rapidly drive down its greenhouse gas emissions.
In April, 2021, Germany’s Constitutional Court declared that the country’s 2030 emission reduction targets were insufficient, lacking in detail, and therefore violated the fundamental rights of citizens—including the nine youth climate campaigners who originally launched the case. A week later, then-finance minister Scholz announced a 65% emissions reduction target for 2030 and a 2045 deadline to bring emissions to net-zero.
For months, that fast timing has raised serious questions about any Canadian LNG exports to Germany. “If the typical offtake agreement in the LNG business is 20 years, and we want to be out of gas in 2045, there is not so much time for any of these projects to come online unless you find some other creative solution,” Gerhard Schlaudraff, deputy head of mission at the German embassy in Ottawa, told The Mix in May.
“Opening a new LNG export facility in five years would be irrelevant to the current energy crisis in Europe,” added Brian O’Callaghan, lead researcher and project manager at the UK’s Oxford Economic Recovery Project, in an early July release from the Sierra Club of Canada Foundation and the Council of Canadians. “Building a new LNG export facility in Canada sounds like an enormous stranded asset in the making.”
While Canada’s fossil sector is keen to set up export deals with Europe, Pierre-Olivier Pineau, a professor at Montreal’s HEC business school, said companies will need guarantees before investing in new infrastructure to make those deals happen.
“I’ve never heard Germany saying… ‘We are willing to sign a purchase contract for the next 20 years,’ so that it secures all the financial aspects of the project,” Pineau told CBC yesterday.
Canadian Natural Resources Minister Jonathan Wilkinson ruled out public subsidies for East Coast LNG projects in early July.

Green Means Green​

A parallel conversation has been going on around the production process for any hydrogen that Canada exports to Germany. Today, Canadian hydrogen is mostly derived from fossil gas, so it’s labelled “blue” hydrogen if the resulting emissions are captured and stored or earns the dreaded “grey” designation if the carbon and methane pollution is simply released into the atmosphere. A project like the Port au Port wind farm would produce “green” hydrogen, and it wouldn’t need an eastbound pipeline from British Columbia, Alberta, or Saskatchewan to get the product to an export terminal.
Green hydrogen is also the only formulation that Germany would likely accept, Schlaudraff told The Mix in May.
“When we say hydrogen, we mean ‘green’ hydrogen,” he said. “The Canadian side, for very good reason, prefers to talk about ‘clean’ hydrogen. The situation in Canada is different, and we appreciate that. But the German funding instruments for the hydrogen economy are all geared toward green hydrogen,” and “if you look at the opportunities for Canada to export hydrogen to Europe, it is simply green hydrogen made from water and electrolysis, because of the huge potential of renewables in Canada.”

Canada’s Duty​

On a trip to St. John earlier this month, Deputy Prime Minister Chrystia Freeland lent general support to the idea that Canada should try to ship out its share of the fossil energy Europe needs.
“I do think that energy security today, more than ever, is a question of security full-stop, and Canada’s really lucky,” she said, after a reporter asked whether Canada should be doing more to export LNG. “We have a lot of energy. I think it is a political responsibility for us as a country to support our allies with energy security.”
But despite “a very tough moment for many European countries right now,” she declined to endorse the Repsol plant in St. John as an export opportunity. “I think this is not the moment to pick specific projects,” Freeland said.
And while Enbridge Inc. CEO Al Monaco is urging Ottawa not to squander a “second chance” to enter the global LNG market, other factors are lining up against a rapid gas buildout. The new green finance taxonomy adopted in early July by the European Union sets an emissions standard that will be tough for gas to meet, analysts at Rystad Energy concluded later in the month.
Meanwhile, public opinion on both sides of the Atlantic appears to be solidifying in ways that would make a major LNG deal a tougher political sell. In Canada, a mid-July Léger poll for Clean Prosperity concluded that the majority of voters expect elected officials to deliver on credible climate plans despite high inflation. And CBC says an estimated 6,000 people from across Europe have joined a festival-like protest camp in Hamburg, Germany, arguing that the “climate suicide” of LNG is no solution to Germany’s energy crisis.
This article is republished from The Energy Mix. Read the original article.
AddThis Website Tools

 
what

what

Experienced member
Moderator
Messages
2,165
Reactions
10 6,407
Nation of residence
Germany
Nation of origin
Turkey
Huelague

Huelague

Experienced member
Messages
3,930
Reactions
5 4,133
Nation of residence
Germany
Nation of origin
Turkey
You must log in or register to reply here.

Follow us on social media

Latest posts

About us

Welcome to the one and only hub of defence news and discussion. With a growing community of defence enthusiasts and analysts, Defence Hub is the premier location for international defence updates.

Newest members

Top Bottom