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March 2019

March 2019
2019, March, 20, 10:40:00
EUROPE'S GAS SECURITY
IEA - At the moment, Russia is sending record volumes to Europe while LNG utilisation rates remain relatively low. Limits to European production capacity and import infrastructure (with over half of pipelines operating at monthly peaks above 80%) may contribute to market tightness over the coming years, particularly if Asia continues to absorb the ramp up in global LNG liquefaction capacity.
March 2019
2019, March, 20, 10:35:00
S.KOREA'S LNG WILL UP
The South Korean government Tuesday gave its final approval to lower taxes on LNG used for power production by 75%, and raise those on thermal coal by 28% from April 1, in a move likely to boost downstream gas consumption.
March 2019
2019, March, 20, 10:30:00
IRAN'S SOUTH PARS GAS UP
Iranian Minister of Petroleum Bijan Zangeneh said the country’s gas production capacity from the supergiant South Pars gas field would cross 750 million cubic meters per day by late 2019.
March 2019
2019, March, 20, 10:25:00
U.S. WITHOUT NUCLEAR
Since then, U.S. continued federal efforts to curb retirements of coal and nuclear units for resilience and national security have met with much resistance and found little success.
March 2019
2019, March, 20, 10:20:00
U.S. RENEWABLE UP
EIA - Renewable generation provided a new record of 742 million megawatthours (MWh) of electricity in 2018, nearly double the 382 million MWh produced in 2008. Renewables provided 17.6% of electricity generation in the United States in 2018.
March 2019
2019, March, 20, 10:15:00
SOUTH AFRICA'S NUCLEAR POWER
South Africa must consider nuclear as a clean energy source that can be part of its electricity generation mix, Energy Minister Jeff Radebe said yesterday in his keynote speech at a business awards ceremony.
March 2019
2019, March, 20, 10:10:00
QATAR'S ENERGY BANK $10 BLN
Qatar will launch an energy-focused Islamic lender later this year with a targeted capital of $10 billion to finance both domestic and global projects, an executive said
March 2019
2019, March, 20, 10:05:00
PETROBRAS WILL SELL $10 BLN
Brazilian state-led oil producer and refiner Petrobras expects to ramp up its divestments in the near term, with a series of deals expected to close by the end of April, according to Chief Executive Roberto Castello Branco.
March 2019
2019, March, 20, 10:00:00
SAUDI ARABIA INVESTMENT $23 BLN
Saudi Arabia said on Tuesday it would spend 86 billion riyals ($23 billion) to boost the quality of life in the capital Riyadh, increasing green space and recreational areas and installing 1,000 works of art across the city.
March 2019
2019, March, 18, 13:30:00
OIL PRICE: NEAR $67 YET
Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption, but supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela.