The decentralization of our electricity grid is inevitable. Distributed energy resources (DERs) are becoming increasingly attractive for consumers as prices continue to drop and political and environmental pressures continue to mount.

U.S. Rig Count is up 14 rigs from last week to 813, Canada Rig Count is down 4 rigs from last week to 149

Brent were up 5 cents, or 0.08%, to 66.59 a barrel, WTI was down 8 cents, or 0.13%, at $61.10 per barrel.

After hours of talks brokered by the European Commission in Berlin, Sefcovic said: "I am very glad to say we have reached agreement in principle on all key elements, which is very positive news for Europe, for Russia, for Ukraine and for the gas market."

The U.S. has little leverage to prevent the Nord Stream 2 gas pipeline project between Russia and Germany from being completed, two administration officials said, acknowledging the failure of a years-long effort to head off what officials believe is a threat to European security.

Europe’s imports of liquefied natural gas (LNG) have been steadily increasing since October 2018, and reached a new monthly record of 12.7 billion cubic feet per day (Bcf/d) in November 2019

Gazprom, which has already invested in several oil and gas projects in Vietnam, last year signed a new agreement on the development of the Bao Vang gas field and a power station in the central part of country.

Electricity generation from coal will rise only marginally over that period, at less than 1% per year – and its share will decline from 38% in 2018 to 35% in 2024. This means coal remains by far the single largest source of power supply worldwide.

“South Africa is a major producer of coal,” Mantashe added. “Entire towns and settlements exist around coal mining areas, and as such, our focus must be on how to mitigate the impact of coal sector downscaling.”

Dr. Nawal Al Hosany, Permanent Representative of the UAE to the International Renewable Energy Agency, IRENA, has said that the UAE’s contributions to the renewable energy sector have made it a model to follow, with investments worth US$12 billion covering 49 renewable energy projects across 25 countries, producing some 4GW of energy supplies to communities.