Weekly HEG Global Energy Digest

Renewable:

Israel aims to eliminate by 2030 the use of coal, gasoline and diesel

Israel’s energy minister declared that the country aims to phase out coal and eliminate gasoline and diesel fuel by 2030.

Energy Minister Yuval Steinitz said that the country’s manufacturing and transportation industries will be 100% fueled  by natural gas, power and alternative fuels within the next 12 years. Also, the official iterated that from 2030 onward, Israel will create alternatives and will no longer support the import of cars that run on gasoline and diesel fuel.
Steinitz is conscious that the move may disturb energy and fuel companies, but he emphasized that Israel’s 2030 goal will be implemented nevertheless.
Israel obtains about 70 percent of its power from natural gas. The rest comes primarily from coal. That’s a significant difference compared to five years ago when more than half of Israel’s electricity was ensured by coal.
Steinitz said the government “abolished the strategy of diversification of fuels” to have natural gas as its only fuel source for electricity production.

 

He also revealed that it is a historic opportunity for Israel to become one of the first Western countries in which energy is generated with zero pollution and harm the environment.

Article Source: http://www.energymarketprice.com/energy-news/british-petroleum-launches-gas-production-offshore-egypt

Oil Market:

Nigeria is now the biggest petrol importer globally

Nigeria is the single member country in the Organisation of Petroleum Exporting Countries, OPEC, that imports petroleum, mentioned by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, at the 2018 Oloibiri Lecture Series (OLEF) in Abuja.

Maikanti Baru, Managing Director of the Nigerian National Petroleum Corporation (NNPC), declared: “As we speak today, Nigeria is the only OPEC country that imports petrol and we are the largest importer of PMS in the world. We actually import one million tonnes of PMS every month into a country that produces oil and gas and has refinery. It is a shameful thing, it doesn’t make sense and that is what we are trying to address.”
The official iterated that the refineries had not been functioning at maximum capacity, but that the NNPC was working to tackle these challenges with the imminent announcement of investors who would financially back the reparation of the plants.
The goal is to upgrade refineries from 445,000 barrels of crude oil per day to at least 1million barrel per day. Talks with pertinent investors and financiers are continuing. Refineries are expected to be completely operational by December 2019.

Article Source: http://www.energymarketprice.com/energy-news/gas-exports-to-europe-via-norway-pipeline-hit-a-record-high-in-2017

Energy Market:

Norway energy firm has awarded $230 million oil and gas contracts for North Sea

Nigeria is the single member country in the Organisation of Petroleum Exporting Countries, OPEC, that imports petroleum, mentioned by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, at the 2018 Oloibiri Lecture Series (OLEF) in Abuja.

Maikanti Baru, Managing Director of the Nigerian National Petroleum Corporation (NNPC), declared: “As we speak today, Nigeria is the only OPEC country that imports petrol and we are the largest importer of PMS in the world. We actually import one million tonnes of PMS every month into a country that produces oil and gas and has refinery. It is a shameful thing, it doesn’t make sense and that is what we are trying to address.”
The official iterated that the refineries had not been functioning at maximum capacity, but that the NNPC was working to tackle these challenges with the imminent announcement of investors who would financially back the reparation of the plants.
The goal is to upgrade refineries from 445,000 barrels of crude oil per day to at least 1 million barrel per day. Talks with pertinent investors and financiers are continuing. Refineries are expected to be completely operational by December 2019.

Article Source: http://www.energymarketprice.com/energy-news/world-first-floating-wind-farm-operates-successfully

Solar: 

Japan opens its first office building 100% powered by solar energy

Japan’s first office building which is completely powered by off-the-grid solar energy, opened today in the city of Saga.

Daiwa House Industry Company presents the two-story, 2,400-square-meter facility as a “net-zero energy building” as it utilizes green energy created on the site.
The building is part of homebuilder’s Saga branch office but also it will show off the type of ecologically friendly office buildings the company can build for other firms.
The power produced by 320 solar panels on the roof is stored in lithium-ion batteries, which then provide electricity to keep the building operating through the night.
The construction can be proud of energy-saving equipment such as an air conditioning system utilizing solar heat and water in a well, which saves approximately ¥6 million per annum in power costs compared with an ordinary facility of the same size.
The total construction expenses were at ¥900 million, partially covered by government subsidies.

Article Source: http://www.energymarketprice.com/energy-news/finnish-clean-energy-company-will-provide-a-wave-park-in-bali

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