Up to individual French companies to decide how to reach energy saving target – ministry

PARIS, Oct 6 (Reuters) – The French government will not impose binding measures on companies on how to reach a national energy savings target, Energy Minister Agnes Pannier-Runacher said on Thursday, as France prepares for a possible tough winter regarding supplies of energy . President Emmanuel Macron’s government is due to announce sector-by-sector energy saving … Read more

As EV sales grow, the battle over US road weight limits heats up

Oct 5 (Reuters) – Car haulers are pushing the Biden administration and lawmakers to increase truck weight limits on US highways so they can transport more heavy electric vehicles, a move fiercely opposed by the rail industry and safety advocates who say the heavier loads are significantly more dangerous. Even before a recent spike in … Read more

Japanese companies to study making ammonia in Alaska for greener energy

Oct 4 (Reuters) – Alaska Gasline Development Corporation (AGDC) said on Tuesday it will study the feasibility of producing ammonia in the state’s Cook Inlet region with Japan’s Mitsubishi Corp (8058.T) and TOYO Engineering Corp (6330.T) and Hilcorp Alaska. The four companies agreed to “evaluate the commercial feasibility of utilizing North Slope natural gas delivered … Read more

Venezuela’s oil exports in Sept boosted by sales to China, swaps with Iran

HOUSTON, Oct 4 (Reuters) – More shipments to Asia through intermediaries and growing cargo swaps with Iran drove Venezuela’s oil exports in September to their third highest level this year, internal documents and tanker tracking data showed. The OPEC-member nation’s oil exports were volatile earlier this year due to a lack of diluents required to … Read more

Countries back rewritten EU plan to raise carbon market cash

BRUSSELS, Oct 4 (Reuters) – European Union countries on Tuesday agreed an alternative to an EU plan to use a carbon market reserve to help finance their exit from Russian gas, after fears the original proposal would undermine the bloc’s main climate change policy. As part of its aim to end Europe’s reliance on Russian … Read more

Carbon recycler LanzaTech strikes financing deal with Brookfield

NEW YORK, Oct 3 (Reuters) – Carbon recycler LanzaTech NZ Inc has struck a deal with Brookfield Renewable Corp (BEPC.N) for a $500 million commitment by the investment firm to finance upcoming projects using LanzaTech’s technology, the companies told Reuters. The cash from Brookfield, provided through its Global Transition Fund, will be used to construct … Read more

India’s gasoil, gasoline sales surge on festive demand

NEW DELHI, Oct 2 (Reuters) – Gasoline and gasoil sales by Indian state refiners rose sharply in September from a year earlier, signaling a pick-up in industrial activity ahead of the festive season from this month, preliminary sales data showed. Local fuel demand – a proxy for oil demand in Asia’s third largest economy – … Read more

US says oil companies ‘must do more’ to build domestic fuel levels

HOUSTON, Sept 30 (Reuters) – US fuel supplies are “unacceptably” at or near 5-year lows amid hurricane threats and the oil industry must do more to address prices and demand, a Department of Energy spokesperson said on Friday. The spokesperson was commenting on a report that the chief executive of Exxon Mobil Corp (XOM.N), the … Read more

Australia backs $2.9 billion urea plant with low-cost financing

MELBOURNE, Sept 30 (Reuters) – The Australian government has agreed to provide a low-cost loan of A$220 million ($143 million) to privately owned Perdaman to build a A$4.5 billion urea plant in Western Australia, the country’s resources minister said on Friday. Perdaman plans to build a 2-million-tonnes-a-year urea plant, aiming to export about half the … Read more

Buying Uniper was ‘a mistake’, Finnish finance minister says

HELSINKI, Sept 28 (Reuters) – Buying Germany’s top gas importer Uniper (UN01.DE) was “a mistake”, Finland’s finance minister Annika Saarikko told Reuters, after its nationalization left both countries with huge losses. Germany agreed to step in to nationalize Uniper, its largest importer of Russian gas, amid a deepening energy crisis that had brought Uniper to … Read more