As part of today’s Eastern Economic Forum, PAO NOVATEK (“NOVATEK” and/or the “Company”) and the Japan Bank for International Cooperation (JBIC) signed a Strategic Cooperation Agreement (“Agreement”) on low-carbon projects.

The Solar Energy Corporation of India (SECI) has awarded 1,200 MW of wind projects as part of the Tranche XI auction for 1,200 MW of interstate transmission system (ISTS)-connected wind power projects in India

India’s electricity capacity amounts to 412 GW (end of 2020), with the following capacity mix: 68% thermal (57% coal, 7% gas, 3% biomass, 1% oil), 12% hydro, 9% wind and solar each, and 1.6% nuclear.

“Sinopec will expand forcefully into making hydrogen from renewable energy, and zero in on hydrogen for transportation fuel and using green hydrogen for refining,” acting Chairman Ma Yongsheng said.

IOC is investing 1 trillion Indian rupees ($13.49 billion) to raise its refining capacity by 25 million tonnes a year in next 2-5 year,

Almost 70% of Turkmenistan’s natural gas output is exported.

In the first four months of this financial year (FY), from April to July 2021, investment in the Indian renewable energy sector reached US$6.6 billion, surpassing the US$6.4 billion level for FY2020/21 and on track to easily overtake the US$8.4 billion total achieved in 2019/20 prior to the pandemic.

The Solar Energy Corporation of India (SECI) awarded 1,350 MW as part of the Tranche IV auction for 1,200 MW interstate transmissions system (ISTS)-connected wind-solar hybrid power projects on a build, own and operated basis (India).

The Indian power electric utility Tata Power targets 15 GW of renewables capacity by 2025 and 25 GW by 2030.

India’s refining capacity stood at 251 Mt/year at the end of 2020. India is the fourth largest producer of oil products in the world, with an output of 232 Mt in 2020 (-11% compared to 2019). The country is a net exporter of oil products (12.5 Mt in 2020).

The Xudabao nuclear project is owned by Liaoning Nuclear Power Company, a joint venture of CNNC (70%), Datang International (20%) and State Development and Investment Corporation (10%).

Since 2010, China’s natural gas output increased on average by 7.5%/year to 195 bcm in 2020.

CGE is one of the largest electricity distribution companies in Chile and supplies electricity to 45% of the country's households.

The new net zero emissions target was at least a decade earlier than the 2070 target, President Joko Widodo said in March.

Historically just one of the major providers of finance to overseas coal power projects, China has more recently looked increasingly isolated as other nations and financial institutions continue to withdraw from coal.