IEEFA experts trace the fallout from Russia’s invasion of Ukraine on global liquefied natural gas markets

IEEFA

Prices expected to continue to be high, but LNG may be pricing itself out of global markets

May 20, 2022 (IEEFA)—The fallout from the Russian invasion of Ukraine has disrupted the world’s liquefied natural gas (LNG) market, driving prices to record levels while likely positioning the industry for a significant downturn as emerging Asian markets are priced out of the market, according to a panel of IEEFA experts.

IEEFA’s analysts find that the disruption in the LNG markets has been truly global. Russia, which faces a series of international sanctions, is the world’s second-largest natural gas producer, its third-largest oil producer, and its sixth-largest coal producer. In addition, Russia provides Europe with more than one-third of its gas supply.

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United Nations chief lays out plan to jumpstart renewables transition

IEEFA

The UN secretary-general, António Guterres, has issued a stark warning concerning the “dismal litany of humanity’s failure to tackle climate disruption” in a speech in which he set out “five critical actions to jumpstart the renewable energy transition”.

Speaking at the launch of the World Meteorological Organisation’s State of the Global Climate 2021 Report, Guterres described the global energy system as “broken” and “bringing us ever closer to climate catastrophe”. He called on the world to “end fossil fuel pollution and accelerate the renewable energy transition, before we incinerate our only home”.

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Does the world need hydrogen to solve climate change?

carbonbrief.org

Hydrogen gas has long been recognised as an alternative to fossil fuels and a potentially valuable tool for tackling climate change.

Now, as nations come forward with net-zero strategies to align with their international climate targets, hydrogen has once again risen up the agenda from Australia and the UK through to Germany and Japan.

In the most optimistic outlooks, hydrogen could soon power trucks, planes and ships. It could heat homes, balance electricity grids and help heavy industry to make everything from steel to cement.

But doing all these things with hydrogen would require staggering quantities of the fuel, which is only as clean as the methods used to produce it. Moreover, for every potentially transformative application of hydrogen, there are unique challenges that must be overcome.

In this in-depth Q&A – which includes a range of infographics, maps and interactive charts, as well as the views of dozens of experts – Carbon Brief examines the big questions around the “hydrogen economy” and looks at the extent to which it could help the world avoid dangerous climate change.

What is hydrogen and how could it help tackle climate change?

Hydrogen is the lightest and most abundant element in the universe. It is also an explosive and clean-burning gas that contains more energy per unit of weight than fossil fuels.

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We need to get serious about the renewable energy revolution—by including nuclear power

thebulletin.org

By Michael Edesess | May 5, 2022

One of my favorite quotes is from Sherlock Holmes: “Once you have eliminated the impossible, whatever remains, however implausible, must be the truth.”[1] This motto implicitly guides the ambitious plan to decarbonize all energy envisioned by most renewable energy enthusiasts. The only problem is that, not only is the alternative they dismiss not impossible, it could be much less implausible than the one they advocate.

The renewables army. A huge number of extremely earnest and bright people are working on trying to make the renewable energy future come true. They work at, or have passed through, the most elite institutions of our time, the top universities, the top financial firms, the most innovative corporations and startups. At the center of much of their effort is the Rocky Mountain Institute, the nonprofit research think-tank whose board I chaired more than 20 years ago. (They call it a “think-and-do” tank, which is more fitting.) RMI coordinates meetings (recently mostly Zoom meetings) with very smart participants from some of the foremost companies working on decarbonizing their businesses, companies like Google, Apple, Microsoft. It’s a pleasure to watch them think, discuss, and work out problems. It was an enormous pleasure to be on RMI’s board, especially to interact intellectually with the most brilliant individual I have ever met, RMI’s co-founder Amory Lovins.

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Russia’s War Is Turbocharging the World’s Addiction to Coal

bloomberg.com

The first phase of the global energy crunch was driven by the natural gas shortage, now comes the coal crisis.

Russia’s invasion of Ukraine set off a chain reaction in the global energy markets that further thrusts coal into the spotlight. 
Russia’s invasion of Ukraine set off a chain reaction in the global energy markets that further thrusts coal into the spotlight. Photographer: Bartek Sadowski/Bloomberg

By Will Wade and Stephen Stapczynski

25 April 2022, 11:01 GMT+7

In Germany and Italy, coal-fired power plants that were once decommissioned are now being considered for a second life. In South Africa, more coal-laden ships are embarking on what’s typically a quiet route around the Cape of Good Hope toward Europe. Coal burning in the U.S. is in the midst of its biggest revival in a decade, while China is reopening shuttered mines and planning new ones

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Probe threatens Southeast Asia’s role as U.S.’s top solar supplier

wsj The U.S. is investigating whether solar panels shipped from Malaysia, Thailand, Vietnam and Cambodia dodge decade-old China tariffs

Why Small Towns Are Fighting Renewable Energy Development
Property owners in the windy and sunny parts of the U.S. are pushing back against large-scale renewable energy development, opposition that researchers say could slow the transition to a cleaner economy. Photo: Aaron Yoder/WSJ

By Niharika MandhanaFollow

Apr. 15, 2022 10:00 am ETPRINTTEXT

SINGAPORE—For the past five years, Southeast Asia has ranked as America’s top source of solar panels from abroad, driven in large part by Chinese manufacturers who expanded into the region after the U.S. in 2012 imposed duties on exports from China. A new U.S. probe has cast a shadow over that growth run.

Washington wants to know how much China-made material is used in solar panels shipped from Malaysia, Vietnam, Thailand and Cambodia—countries that accounted for 85% of American imports last year. It is investigating whether producers do small-time processing in these countries to skirt tariffs while reaching back into China-based supply chains for critical components. 

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Hệ lụy kéo dài của một dự án thủy điện

Hoàng Thanh/nld.com.vn – 22/04/2022

Sau 9 năm thu hồi đất để làm thủy điện Đắk Đrinh là tình trạng dân làng đánh nhau vì tranh giành đất, là khu tái định cư bỏ hoang, mục nát vì dân không ở.

Những ngôi nhà tái định cư bỏ hoang, không có người ở

Thủy điện Đắk Đrinh nằm trên địa bàn 2 tỉnh Kon Tum và Quảng Ngãi với công suất 125 MW. Năm 2013, để thực hiện dự án này, hàng trăm hộ dân của xã Đắk Nên, huyện Kon Plong, tỉnh Kon Tum đã phải nhường toàn bộ nhà cửa, đất đai của mình. Đến nay, sau 8 năm kể từ khi thủy điện hoàn thành, chi phí bồi thường vẫn chưa được giải quyết dứt điểm. Theo ông Trần Thanh Minh, Chủ tịch UBND xã Đắk Nên, huyện Kon Plông, chỉ riêng ở xã này thì chủ đầu tư vẫn còn nợ hơn 33 tỉ đồng tiền bồi thường, hỗ trợ các hộ bị ảnh hưởng.

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Collective action to release oil stocks in response to Russia’s invasion of Ukraine: IEA confirms member country contributions

IEA.org

7 April 2022

Following an agreement on 1 April by IEA member countries for a new emergency release of oil stocks, the IEA Governing Board confirmed today that the total amount committed to date stands at 120 million barrels, making it the largest stock release in IEA history.

The unanimous agreement among IEA member countries on 1 April for a second collective action this year came in response to the significant strains in oil markets resulting from Russia’s invasion of Ukraine. In the days since the decision, each IEA member country has been considering how much it could contribute to the announced response plan, given its domestic circumstances.

The commitments submitted by members reached 120 million barrels to be released over a six month period, demonstrating strong unity. The United States will contribute about 60 million barrels, which are part of the larger drawdown from its Strategic Petroleum Reserve (SPR) that was announced on 31 March.

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Dự thảo quy hoạch điện VIII mới nhất giảm quy mô đầu tư gần 2 triệu tỉ đồng

VƯƠNG TRẦN  –  Thứ sáu, 15/04/2022 21:30 (GMT+7) Lao Động

Theo dự thảo Quy hoạch điện VIII mới nhất, quy mô đầu tư sẽ giảm gần 2 triệu tỉ đồng. Trong đó giảm đầu tư công suất nguồn khoảng 35.000MW, giảm đầu tư hệ thống truyền tải gần 300.000 tỉ đồng.

Dự thảo quy hoạch điện VIII mới nhất giảm quy mô đầu tư gần 2 triệu tỉ đồng
Phó Thủ tướng Chính phủ Lê Văn Thành chủ trì cuộc họp. Ảnh: Đức Tuân

Tiết kiệm đầu tư đường dây khoảng 13 tỉ USD

Hôm nay (15.4), Phó Thủ tướng Lê Văn Thành chủ trì hội nghị trực tuyến với các địa phương về hoàn thiện Quy hoạch phát triển điện lực quốc gia thời kỳ 2021-2030, tầm nhìn đến năm 2045 (Quy hoạch điện VIII).

Quy hoạch điện VIII là quy hoạch ngành quốc gia đặc biệt quan trọng, có độ phức tạp cao và được nhiều cơ quan, đơn vị, chuyên gia, nhà khoa học cũng như các địa phương trong cả nước đặc biệt quan tâm. 

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Ukraine sees risk of radiation leak at Chernobyl, IAEA sees ‘no critical impact’ on safety

EURACTIV.com with Reuters 

10 Mar 2022

A still image taken from a handout video made available by the Russian Defence Ministry press service shows a general view of the Chernobyl Nuclear Power Plant in Pripyat, Ukraine, 7 March 2022. Russian President Putin on 24 February 2022 announced a “special military operation against Ukraine”. Martial law has been introduced in Ukraine, and explosions are heard in many cities including Kyiv. [Handout photo/EPA/EFE]

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Ukraine said on Wednesday (9 March) there was a danger of a radiation leak at the Chernobyl nuclear power station after electricity was cut off to the plant, but the UN nuclear watchdog saw “no critical impact on security”.

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How international law applies to attacks on nuclear and associated facilities in Ukraine

thebulletin.org

By George M. Moore | March 6, 2022

 Zaporizhzhia nuclear power plant in southern Ukraine. The two tall smokestacks are at a coal-fired generating station about 3km beyond the nuclear plant. Photo credit: Ralf1969 via Wikimedia Commons.

As the Russian invasion of Ukraine began to unfold, Russia’s swift occupation of the Chernobyl reactor complex and the surrounding exclusion zone sparked widespread speculation and concern.[1] The concern was not limited to whether the occupation would cause further radioactive release from Chernobyl;[2] it also included possible Russian military action against other Ukrainian nuclear facilities. These fears were further accelerated when Russian forces shelled and apparently occupied the Zaporizhzhia nuclear power complex near Enerhodar, Ukraine.[3] There have also been reports of attacks on a former Radon disposal site near Kyiv.[4]

World leaders have expressed concerns, and the UN Security Council held an emergency meeting on Friday to discuss the issue. At the meeting, the US ambassador told the emergency session that the assault on the Zaporizhzhia nuclear power plant “represents a dire threat to the world.” [5] The IAEA’s Board of Governors passed a resolution that deplored the Russian invasion and urged Russia to allow Ukraine to continue to control its nuclear facilities. The board’s resolution was similar to a UN General Assembly resolution passed on March 3rd.[6] Despite the high levels of concern the reactors at Zaporizhzhia do not appear to have been damaged and there has been no reported radiation release from the facility.

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Russian troops seize Europe’s largest nuclear power plant in southeastern Ukraine

Ukraine nuclear power plant attack: All you need to know

aljazeera.com

Russian troops seize Europe’s largest nuclear power plant in southeastern Ukraine, after attack sparks fire.

Published On 4 Mar 20224 Mar 2022

Russian forces have captured Ukraine’s Zaporizhzhia nuclear power plant, the largest in Europe, according to regional officials.

Ukrainian authorities said on Friday Russian shelling had caused a fire at a building in the plant complex that was later put out. The blaze raised alarm from leaders worldwide of a potential massive disaster. Russia blamed the attack on Ukrainian saboteurs, calling it a “monstrous provocation”.

Here is what we know so far:

INTERACTIVE - Zaporizhzhia

Where is it located?

The Zaporizhzhia nuclear power plant is located in the southern Ukraine steppe on the Dnieper River, some 550 kilometres (342 miles) southeast of Ukraine’s capital, Kyiv, and about 525km (325 miles) south of Chernobyl, the site of the world’s worst nuclear power plant accident in 1986, which has also now been seized by Russian forces.

The plant has a total capacity of about 6,000 megawatts, enough to power about roughly four million homes.

On Wednesday, residents carrying Ukrainian flags had blocked the road to the plant, in an apparent standoff with Russian forces.

What happened?

But on Friday Russian troops were accused of attacking the plant, in an assault Ukraine’s President Volodymyr Zelenskyy branded “nuclear terror” and said could endanger the continent.

A video feed from the plant showed shelling and smoke rising near a building at the plant compound.

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Bộ Công thương muốn bán đấu giá hơn 101,9 triệu lít xăng RON92

tuoitre.vn

Bộ Công thương muốn bán đấu giá hơn 101,9 triệu lít xăng RON92 - Ảnh 1.

Kho xăng Nhà Bè là một trong những điểm lưu trữ xăng dầu theo dự trữ quốc gia – Ảnh: Petrolimex

Theo dự thảo về quyết định phê duyệt kế hoạch bán đấu giá xăng RON92 dự trữ quốc gia, lô hàng được bán đấu giá là hơn 101,9 triệu lít xăng RON92 đang được bảo quản tại 12 điểm kho dự trữ quốc gia gửi ở 3 doanh nghiệp là Tập đoàn Xăng dầu Việt Nam, Tổng công ty Dầu Việt Nam, Công ty cổ phần thương mại Dầu khí Đồng Tháp.

Mức giá khởi điểm bán đấu giá được quy định cho 1 lít xăng RON92 do Bộ Công thương đưa ra là 14.058 đồng/lít. Các chi phí liên quan đến việc bơm, rót lên phương tiện vận chuyển của bên mua, chi phí xuất hàng, chi phí vận chuyển và các khoản thuế, phí phải nộp của Nhà nước theo quy định là do bên mua hàng chi trả.

Bộ Công thương cũng cho rằng, mức giá khởi điểm tạm tính để xác định tiền đặt trước, còn giá khởi điểm bán đấu giá chính thức sẽ do Bộ Công thương quy định nhưng không thấp hơn giá khởi điểm tạm tính, được thông báo tới các đơn vị có đủ điều kiện, khả năng tài chính tham gia đấu giá trước khi tổ chức đấu giá.

Để tham gia đấu giá, đơn vị phải nộp trước 10% tổng giá trị tài sản và rút lại tiền đặt trước trong thời hạn trước 1 ngày kể từ ngày đấu giá. Việc đấu giá dự kiến sẽ diễn ra cuối tháng 2-2022.

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Quyền lực nhà nước ở đâu?

Quỳnh Thư – 21/02/2022 10:30

(KTSG Online) – Đáng buồn là chuyện khan hiếm xăng ở nhiều nơi tại TPHCM lại rơi vào đúng kịch bản đã được cảnh báo từ trước. Mấy ngày hôm nay, nhiều người tiêu dùng tại TPHCM gặp một hiện tượng mà báo Tuổi Trẻ gọi là “cây xăng ba ngón tay”. Báo này đăng ảnh một nhân viên bán xăng đưa ba ngón tay về phía khách hàng ngụ ý chỉ bán cho mỗi người 30.000 đồng tiền xăng! Bài báo nói thẳng: “cây xăng găm hàng”(*).

Cây xăng '3 ngón tay'! - Tuổi Trẻ Online

“Cây xăng ba ngón tay”

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Electricity market revamp on cards

vir.com

January 25, 2022 | 17:00

A retail electricity market would mark a step towards market liberalisation efforts that enable consumers to choose who they wish to buy electricity from. To realise such a market, Vietnam’s Law on Electricity, as well as related documents will require certain adjustments to accommodate purchase agreements and other tools.

Electricity market revamp on cards
Electricity market revamp on cards

The Electricity Regulatory Authority of Vietnam (ERAV) is finalising its report to the prime minister about planned direct power purchase agreements (DPPA) – a mechanism to allow renewable energy producers to sell electricity directly to end-users, as Nguyen Anh Tuan, director of the authority said on January 18.

The DPPA mechanism, if implemented, will be the first step in the development of the electricity retail market, allowing renewable energy generators with a capacity greater than 30MW to sell to customers for industrial production purposes. Parties can negotiate and agree on purchase and sale prices through long-term contracts if the scale of their deal is not exceeding 1,000MW.

Since 2012, the electricity market has contributed to increasing transparency in mobilising power plants, creating a competitive environment, enhancing the initiative of market participants, and gradually abolishing the monopoly in the industry.

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