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July 4, 2022

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S.Korea to lift nuclear power share of energy mix to 30% by 2030

Reuters
SEOUL, July 5 (Reuters) – South Korea plans to increase the contribution of nuclear power in the country’s power source mix to 30% or more by 2030 from 27.4% in 2021, the industry ministry said on Tuesday. South Korea’s new president, Yoon Suk-yeol, has rejected the idea of phasing out......

Japan’s JERA says it shut down a 500 MW power plant due to fire

Reuters
A view of one of the machines as Japan’s biggest power generator JERA prepares for restart of some aged units while building new units at its Anegasaki gas-fired power station in Chiba, near Tokyo, Japan June 22, 2022. REUTERS/Yuka Obayashi Register now for FREE unlimited access to Reuters.com Register TOKYO,......

Asia spot prices jump amid stronger demand, concerns over Russia

Reuters
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters) – Asian spot liquefied natural gas (LNG) prices continued to rise this week......

Japanese asked to save power as country’s east sizzles

Reuters
TOKYO, July 1 (Reuters) – The highest temperatures for the season since record-keeping began have scorched much of eastern Japan for a week, prompting the government to ask citizens to cut power use as much as possible, while running air conditioners to stay safe. The region around Tokyo hit its......

China urges U.S. to fulfill climate duties after Supreme Court ruling

Reuters
BEIJING, July 1 (Reuters) – The United States must meet its international obligations on climate change and do more than “shout slogans”, China’s foreign ministry spokesman Zhao Lijian said on Friday following a U.S. Supreme Court ruling limiting Washington’s ability to cut power sector emissions. The Supreme Court voted to......

Doctors, bankers protest ‘impossible situation’ as Sri Lanka runs out of fuel

Reuters
Doctors, bankers, teachers march to demand solution for crisis Struggle for fuel delays health workers in getting to work Ministers look for help from Russia COLOMBO, June 29 (Reuters) – Doctors and bankers were among hundreds of Sri Lankans who marched on Wednesday to demand the government resolve a severe......

Analysis: Asian demand, rising costs squeeze Europe’s LNG import plan

Reuters
Model of LNG tanker is seen in front of the EU flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Freeport outage adds to LNG market tightness Asian demand rebound means Europe will compete for LNG LNG imports seen lower......

EXCLUSIVE Bidders weigh offers valuing Toshiba at up to $22 bln-sources

Reuters
TOKYO/HONG KONG, June 23 (Reuters) – Bidders for Toshiba Corp (6502.T) are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion. Toshiba, which is exploring strategic options, said......

EU must stick with Ukraine despite economic pain -European Commission

Reuters
A model of the natural gas pipeline is seen in front of displayed word EU and Russia flag colours in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 22 (Reuters) – Europe must keep up its support for Ukraine......

Column: China’s lockdowns and heavy rains ease coal shortage: Kemp

Reuters
A resident and a child look out through gaps in the barriers at a closed residential area during lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China, May 10, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register LONDON, June 21 (Reuters) – China’s electricity generation......

Germany risks recession as Russian gas crisis deepens

Reuters
Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register More Europeans activate first stage of gas crisis plans Surging gas price adds to policymakers’ inflation headache Slowing......

Philippine tycoon Razon eyes up to $400 mln IPO -sources

Reuters
Enrique Razon, businessman and owner of casino operator Bloomberry Resorts, gestures during an interview by reporters after a stockholders’ meeting in Manila June 24, 2013. REUTERS/Romeo Ranoco Register now for FREE unlimited access to Reuters.com Register MANILA, June 21 (Reuters) – Philippine ports and gaming tycoon Enrique Razon is weighing......

Europe may shift back to coal as Russia turns down gas flows

Reuters
Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register Germany may take ‘painful’ move to fire up coal power Italy, Austria also looking at burning more coal......

Ukraine president expects Russia attacks to intensify with EU summit this week

Reuters
EU to decide on Ukraine membership bid Zelenskiy says Battle for Donbas to intensify City of Sievierodonetsk focus of Russian attacks NATO’s Stoltenberg says war could last for years KYIV, June 20 (Reuters) – Ukraine’s President Volodymyr Zelenskiy predicted Russia will escalate its attacks this week as European Union leaders......

Germany announces fresh measures to cut gas consumption

Reuters
Gas flames of a cooker are pictured in a private home in Bad Honnef near Bonn, Germany, March 30, 2022. REUTERS/Wolfgang Rattay/File Photo Register now for FREE unlimited access to Reuters.com Register FRANKFURT, June 19 (Reuters) – Germany on Sunday announced further steps to shore up gas storage levels, as......

Australian power crunch eases as coal-fired plants crank up

Reuters
The Liddell coal-fired power station is pictured in the Hunter Valley, north of Sydney, Australia, April 9, 2017. REUTERS/Jason Reed/File Photo Register now for FREE unlimited access to Reuters.com Register MELBOURNE, June 17 (Reuters) – Australian coal-fired generators have brought 1,900 megawatts (MW) of capacity back on line since Wednesday,......

Sydney residents told to cut power use to help avoid blackouts

Reuters
Power spot market remains suspended AGL, EnergyAustralia coal units restart Power capacity reserves improving, operator says MELBOURNE, June 16 (Reuters) – Sydney residents were urged on Thursday to conserve power in the evening as much as possible to avert blackouts, one day after Australia suspended its spot electricity market due......

Column: Soft China LNG demand outweighs Freeport outage concerns: Russell

Reuters
Liquified natural gas (LNG) storage tanks are seen at PetroChina’s receiving terminal in Dalian, Liaoning province, China July 16, 2018. REUTERS/Aizhu Chen Register now for FREE unlimited access to Reuters.com Register LAUNCESTON, Australia, June 14 (Reuters) – The spot price of liquefied natural gas (LNG) in Asia has largely shrugged......

EU lawmaker committees object to ‘green’ label for gas investments

Reuters
View of the cooling tower at the Golfech nuclear plant on the edge of the Garonne river between Agen and Toulouse, France, July 18, 2018. Picture taken July 18, 2018. REUTERS/Regis Duvignau Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 14 (Reuters) – Two European Parliament committees......

Australia’s $3.6 bln Snowy hydro project faces delay to 2028 -report

Reuters
MELBOURNE, June 10 (Reuters) – Australia’s A$5 billion ($3.6 billion) expansion of the country’s biggest hydro scheme faces a delay of up to 19 months, pushing start-up of the massive energy storage project out to 2028, the Australian Financial Review reported on Friday. The delay was due to a string......

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