Archive for the ‘natural gas’ Category

Russia pushes an ‘OPEC’ for natural-gas nations

October 30, 2008

The nations with the world’s three biggest reserves of natural gas – Russia, Iran, and Qatar – are quietly moving ahead to form a “gas OPEC,” an organization modeled after the oil cartel.

By Fred Weir
The Christian Science Monitor
In Tehran last week, representatives of the Russian natural-gas monopoly Gazprom met with counterparts from Iran and Qatar and agreed to create “a big gas troika.” The group will meet quarterly to discuss pricing and supplies. Between them, these three countries hold an estimated 55 percent of known global gas reserves. The possibility of a cartel has long been opposed in Washington and European capitals.

The new cartel plan may be finalized Nov. 18, when Russia hosts a forum of gas-exporting countries in Moscow, including possible additions to the group such as Algeria, Indonesia, Libya, and Venezuela.

For Russia, which blames the US for causing the current global financial crisis and the attendant collapse of oil and other commodity prices, forging new energy-based international relationships holds political promise. “There is a clear desire in Moscow to work toward breaking what it perceives as US dominance of the world economy, but it’s way too soon to predict where this global crisis is leading,” says Masha Lipman, an expert with the Carnegie Center in Moscow. “If the US should really go into decline, I suppose we shall see new groups of states, and new contenders, come forward.”

As global energy prices plunge, cooperating with the Organization of Petroleum Exporting Countries (OPEC) to stabilize markets has gained fresh traction in the Kremlin while the long-discussed idea of creating a “gas OPEC” of leading producers is suddenly getting a big push from Moscow.

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China: Despite Pledge of Clean Energy, Coal is Number One Source

December 26, 2007

BEIJING (AFP) – China reiterated Wednesday its long-term dependence on coal for energy, but pledged to step up efforts to burn the fuel more cleanly to reduce its impact on global warming.

In its first white paper on energy, the Chinese government also vowed to develop sustainable energy industries, and said its booming demand for fuel would not pose a threat to world energy security.

“China did not, does not and will not pose any threat to the world’s energy security,” said the non-binding position paper issued by the State Council, China’s cabinet.

Amid global concerns that future Chinese demand for resources could lead to supply and price pressures, the nation said….
A cyclist riding past a coal-fired smokestsack chimney, emitting ... 

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China vows to develop clean energies

 BEIJING – China promised Wednesday to develop renewable energy for its fast-growing economy but warned that coal consumption will grow dramatically and avoided embracing binding limits on its greenhouse gas emissions.


In a report on its energy plans, the government announced no new initiatives but said it wants to curb reliance on oil and gas to drive an economy that is the world’s second-biggest energy consumer after the United States.

“China gives top priority to developing renewable energy,” said the 44-page report released by the Cabinet’s press office.

The report said Beijing will promote hydroelectric, nuclear, solar and wind energy, as well natural gas extracted from garbage dumps and coal mines

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Ukraine accuses Russia of applying political pressure in gas dispute

October 11, 2007

KIEV, Ukraine: (AP) President Viktor Yushchenko’s administration accused Russia on Thursday of seeking to use a recent dispute over natural gas to influence Ukrainian politics following parliamentary elections.
Russia’s state-controlled natural gas monopoly, OAO Gazprom, said last week Ukraine owed more than US$1.3 billion (€920 million) for gas and threatened to decrease supplies if it was not paid this month. Russian Prime Minister Viktor Zubkov later put the figure at US$2 billion (€1.4 billion).

The move raised concerns of decreased deliveries to Europe and added to political uncertainty in Ukraine…

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House OKs boost for renewable energy

August 4, 2007

H. JOSEF HEBERT, Associated Press 

WASHINGTON – The House approved incentives for renewable energy and conservation Saturday, and edged closer to passing nearly $16 billion in taxes on oil companies.

Republican opponents said the legislation ignores the need to produce more domestic oil, natural gas and coal. One GOP lawmaker bemoaned “the pure venom … against the oil and gas industry.”

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