According to KEPCO, the cost for producing 1 kWh using LNG amounts to KRW170 (US$11c), compared with about KRW96 (US$7c) for coal.

China’s crude oil imports peaked in late 2020 and early 2021 before decreasing as a result of lower domestic demand and higher global crude oil prices.

The current gas crisis also casts longer-term uncertainty on the prospects for natural gas, especially in developing markets where its use was expected to rise at least in the medium term as it replaced other higher-emission fossil fuels.

Международное объединение БРИКС (Бразилия, Россия, Индия, Китай, ЮАР) прорабатывает вопрос создания единой расчетной валюты.

Japan wants to avoid an energy crunch by offering financial support before winter, when heating demand is expected to increase. Spot LNG prices remain at high levels amid a risk of supply disruption from Russia given its war with Ukraine.

Although Pertamina remains cautious and the company declined to make official comments on any concrete plans to purchase Russian crude going forward, Ambara Jaya said that the state-run refiner finds several Russian crude grades to be suitable feedstocks.

Supercritical carbon dioxide can get much hotter than steam - up to 700°C. It can potentially be used in a Brayton cycle which has the potential to be much more efficient at turning heat from power plants into energy than the traditional steam-based Rankine cycle used in today's thermal power plants.

Для достижения целей устойчивого развития и обеспечения справедливого энергетического перехода наши страны заинтересованы в стабильности мировых энергетических рынков, свободном движении капитала, технологий и в целом в обеспечении глобальной энергетической безопасности.

The share of imports from Russia has likely risen because of lower imports into China and shifting trade patterns following Russia’s full-scale invasion of Ukraine. Western economic sanctions have reduced demand for Russian crude oil, and as a result, have left Russia to look for alternative export destinations.

Indian Oil Corp. issued an LNG tender seeking an Oct. 7-8 DES Dahej cargo, while GAIL issued a tender seeking four Oct. 1-Nov. 14 DES cargoes. The tenders closed Sept. 15.

In 2021, solar and wind accounted for nearly 20% of installed capacity in India, with respectively 49 GW and 40 GW. The country aims to develop 175 GW of renewable capacity by the end of 2022, including 100 GW of solar.

Russia is still the biggest source of the trade bloc's shipped crude with more than 1.2 million b/d of imports landing in the region in early September, the data shows, little changed on the month.

The Russian-Chinese interstate interaction can be regarded as a model. The foreign policy tandem of Moscow and Beijing plays a key role in ensuring global and regional stability.

The Russian-Chinese interstate interaction can be regarded as a model. The foreign policy tandem of Moscow and Beijing plays a key role in ensuring global and regional stability.

В ходе встречи участники обсудили вопросы энергетической безопасности и трансформации ТЭК в Восточной Азии.