March 2021

Qatar Petroleum has entered into 10-year LNG Sale and Purchase Agreement (SPA) with Sinopec to supply 2 Mt/year of LNG to China.

GS Energy said it will build a 3 gigawatt LNG-fired power plant in southern Vietnam in a deal estimated at 3.5 trillion won (US$3 billion).

Nigeria has a total refining capacity of about 450 kb/d (22.5 Mt), but most of it is not operational.

These parties have made proposals involving solar photovoltaic (PV) and wind power, as well as liquefied natural gas and battery storage.

The wind farm complex will be located some 35km to 60km (21.7 miles to 37.3 miles) off the coast of Changhua County.

Brent was down 60 cents, or 0.9%, at $63.93 a barrel. WTI was off by 68 cents, or 1.1%, at $60.74 a barrel.

Aramco achieved a net income of $49 billion in 2020, one of the highest earnings of any public company globally.

Aramco lowered its guidance for capital expenditure in 2021 to around $35 billion from a range of $40 billion to $45 billion previously

The blue-chip NSE Nifty 50 index fell 0.4% to 14,687 and the benchmark S&P BSE Sensex dropped 0.6% to 49,579.75

The addition of copper salts reduces the content of unburnt carbon in ash residue by 3.1 times and CO content in the gaseous combustion products by 40%, the scientists found.