Page 2 - Energy

India needs $10 trillion till 2070 for energy transition at G20 meeting

Policy on carbon capture likely in next 3 months

Adani exposure 2.4%, followed Indian laws, says France's Total Energies

The company also said that said it has not performed any re-evaluation of its holdings because of volatility in stock prices in Adani stocks

India's electricity consumption grows nearly 13% to 126.16 bn units in Jan

India's power consumption logged a double-digit year-on-year growth of nearly 13 per cent to 126.16 billion units in January 2023, according to government data. The robust growth of power consumption indicates sustained momentum of economic activities in January. Experts earlier said the power consumption and demand would increase in January due to the use of heating appliances, especially in the northern parts of the country, and a further improvement in economic activities. In January 2022, power consumption stood at 111.80 billion units (BU), higher than the 109.76 BU in the same month of 2021, the data showed. Electricity consumption in January 2020 stood at 105.15 BU. The peak power demand met, which is the highest supply in a day, rose to 210.61 gigawatt (GW) in January 2023. The peak power supply stood at 192.18 GW in January 2022 and 189.39 GW in January 2021. The peak power demand met was 170.97 GW in the pre-pandemic January 2020.

Oil prices rise as US recession fears over rate hikes ease, dollar weakens

Tamer rate hike expectations helped lower the dollar index, which supported oil prices as a weaker greenback makes the commodity cheaper for buyers holding other currencies

Energy transition in numbers

It is a mixed bag for clean tech in 2023. The number of charging stations and solar installations are set to rise, but higher battery prices could delay EV adoption

Energy strategies in India, China contest for hegemony on Brahmaputra: Rpt

The interlinkages between the energy transition and the contest for political power are particularly visible in South Asia, especially between India and China, according to EFSAS

PNGRB to halt action against city gas distributors until Act's amendment

Officials said the regulator's move to recognise 54 gas pipelines as common carriers has faced multiple litigations till now from private entities, such as Adani Total Gas and even state run-GAIL

Oil prices up as US crude stocks seen falling, dollar eases in early trade

Brent crude futures rose 8 cents to $80.07 per barrel by 0126 GMT, while US West Texas Intermediate (WTI) crude futures gained 6 cents to $76.29

Europe's $1 trillion energy bill only marks beginning of the crisis

After this winter, the region will have to refill gas reserves with little to no deliveries from Russia, intensifying competition for tankers of the fuel

Karnataka bags National Energy Conservation Award 2022 by power ministry

The Union Ministry of Power has selected Karnataka Renewable Energy Development to be the winner of the first prize in the State Designated Agency sector at the National Energy Conservation Awards

EU ministers again fail to reach agreement on gas price cap to curb costs

European Union energy ministers failed yet again to overcome their deep differences Tuesday on a natural gas price cap that many hope would make utility bills cheaper so people can stay a little warmer during harsh winter days if not this year, then later. The ministers emerged from their fifth emergency meeting empty-handed because they could not come to agreement on a maximum ceiling to pay for gas due to fear that global suppliers will simply bypass Europe when others offer more money. There was lots of progress but no final breakthrough yet, said German minister Robert Habeck. We were so close today, said Czech Industry Minister Jozef Sikela, adding the ministers would meet again next Monday. There will be only one open issue for the discussion on Monday and this is the price level triggering the mechanism which was the core dispute from the start. Sikela said no one asked for the issue to be taken up at Thursday's summit of EU leaders. The 27 nations have stuck together thr

Breakthrough in fusion harnessing could be climate, energy game-changer

Energy Secretary Jennifer Granholm announced a major scientific breakthrough Tuesday in the decades-long quest to harness fusion, the energy that powers the sun and stars. Researchers at the Lawrence Livermore National Laboratory in California for the first time produced more energy in a fusion reaction than was used to ignite it, something called net energy gain, the Energy Department said. The achievement will pave the way for advancements in national defense and the future of clean power, Granholm and other officials said. This is a landmark achievement for the researchers and staff at the National Ignition Facility who have dedicated their careers to seeing fusion ignition become a reality, and this milestone will undoubtedly spark even more discovery, Granholm said at a news conference in Washington. "The fusion breakthrough "will go down in the history books,'' she said. White House science adviser Arati Prabhakar, appearing with Granholm, called the fusion ignition a tremen

Odisha to host G20 sub-committee meet on education, culture, energy next yr

Union Minister Dharmendra Pradhan on Saturday said three G20 sub-committee meetings on education, energy and culture will be held in Odisha next year. Pradhan was speaking during an anniversary celebration of a regional media house here. The Union Education minister and G20 sub-committee meetings on education, energy and culture will be held in Odisha in April next year. State's Heritage town Konark and Bhubaneswar are likely to be among the venues for 200 such meetings to be held in the run-up to the main summit. On December 1, India assumed the presidency of the G20 forum, taking over from Indonesia.

G-7 price ceiling on Russian oil not low enough to hit Kremlin's revenues

European officials touted the cap - negotiated last week after months of haggling among the US and its allies - as a way to starve Russia's war machine

Oil prices open mixed in early trade on economic fears, rate-hike prospects

Brent crude futures rose 17 cents, or 0.2%, at 0107 GMT to $79.52 a barrel. Last session the benchmark fell below $80 for the second time in 2022

Germany to get new Qatari LNG flows via QatarEnergy, ConocoPhillips deal

Qatar's energy minister Saad al-Kaabi sees no limit to the amount of liquefied natural gas (LNG) that the country is willing to ship to Germany

Spike in winter demand for diesel in Europe offers huge scope for India

State-owned refiners are in a strong position to gain from the surging demand for diesel from Europe as winter sets in and natural gas supplies from Russia are set to dwindle on fresh sanctions

Germany, France pledge mutual support to avert possible energy crunch

Germany and France have pledged to provide each other mutual support in preventing a possible energy crisis after supplies from Russia dried up amid the war in Ukraine. As part of a joint agreement signed by German Chancellor Olaf Scholz and French Prime Minister Elisabeth Borne on Friday, Germany will provide France with electricity while getting much-needed natural gas in return. Friends help each other in need, Scholz said after the signing ceremony in Berlin. Borne echoed that sentiment, saying the friendship between the two European heavyweight was crucial. It has already proved it can withstand tests and master many challenges, she said. Before Russia launched its war in Ukraine nine months ago, Germany was heavily reliant on Russian gas supplies. Since then, Germany has scrambled to find other sources, including by ramping up imports of liquefied natural gas. France, meanwhile, is struggling to meet its electricity needs due to repairs at several of the country's nuclear po

India seeks to use global energy challenge as opportunity: Hardeep Puri

G7 nations, including the United States, as well as the European Union and Australia, are planning to implement a likely price cap of $65 to $70 a barrel on sea-borne Russian oil exports from Dec 5

With war in Europe, world encountering food, energy crisis: Shaktikanta Das

The war in Europe brought with it new challenges, just when the economy was about to normalise fully despite the third wave of the COVID-19 pandemic and suddenly, the world encountered a severe food and energy crisis, Reserve Bank Governor Shaktikanta Das said on Saturday. Delivering the inaugural address at the annual research conference of the Department of Economic and Policy Research of RBI here, Das said the COVID-19 pandemic crisis created an opportunity to explore and harness the power of big data and strengthen direct feedback mechanisms while working from home. He further said the pandemic also posed new research issues and analytical challenges for policy-making as it caused a demand shock or a supply shock, the size and nature of policy stimulus required, and their effectiveness, among others. The RBI Governor said the first major challenge was data collection during the first wave of the pandemic and the associated statistical break in data. During the second wave which