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19 April 2023

Gentari, City Energy to study H2 imports to Singapore

Malaysian clean energy solutions provider Gentari and Singapore's sole piped town gas producer City Energy have signed two agreements to explore a hydrogen supply chain from Malaysia to Singapore, and cross-border electric vehicle (EV) charging networks. Under the first agreement, City Energy and G

18 April 2023

US HRC: Prices flat, buyers nervous

US hot rolled coil (HRC) prices were flat this week as buyers remain nervous and limit their purchasing to contract volumes. Mills continue to hold offer prices at the high end of their range but at least one has discussed selling at lower levels. The Argus weekly domestic US HRC Midwest and southe

18 April 2023

Americas Aframax rates hover near 1-year lows

Depressed demand for crude in Europe on the back of strikes in France and rising US Gulf coast refinery throughputs, thereby limiting supply for US exports, have weighed on the Gulf of Mexico Aframax market, keeping rates at their lowest levels in almost a year as tonnage swells. The tanker glut dr

18 April 2023

Q&A: DCC, Oberon pursue European renewable DME projects

Ireland-based LPG distributor DCC Energy and Californian firm Oberon Fuels announced in late March that they would partner on producing and selling renewable DME in Europe. Oberon plans to develop new production facilities, while DCC will buy and retail the product as the offtake partner. The two f

18 April 2023

NGOs take EU to court over sustainability taxonomy

Non-governmental organisations (NGOs) have filed two separate cases against the European Commission today over its decision to class fossil gas and nuclear as sustainable energy sources under EU taxonomy. ClientEarth, WWF, Transport and Environment and Friends of the Earth Germany have filed a case

18 April 2023

UK lithium industry urges government response to IRA

UK lithium industry participants last night urged the UK government to take action to strengthen the country's supply chains in response to the US Inflation Reduction Act and the EU's Critical Raw Materials Act (CRMA) and Net Zero Industries Act (NVIA). In a parliamentary roundtable attended by Arg

18 April 2023

China's LPG demand forecast to surge in 2Q

China's LPG demand is likely to surge in the second quarter on still recovering commercial and residential consumption as well as an increase in petrochemical sector imports, according to domestic distributor China Gas. Combined residential and commercial use has recovered strongly since late Janua

18 April 2023

VCM may jeopardise Art. 6 reputation: German minister

"Junk" voluntary carbon market (VCM) credits may jeopardise the "overall social reputation" of new credits under Article 6 of the Paris climate agreement, German junior economy and climate minister Stefan Wenzel has said. But growing awareness of the risk comes at the "right time" as the final rule

18 April 2023

Article 6.4 methodology project starts pilot phase

A project aimed at updating methodologies for carbon credits from the Kyoto Protocol era to conform with Article 6 of the Paris climate agreement is now looking for suitable mitigation activities to take part in its pilot phase. The II-AMT project, run by Zurich-based Perspectives Climate Research

18 April 2023

IIGCC releases guide to gauge oil, gas transition plans

The Institutional Investors Group on Climate Change (IIGCC) has released an assessment framework for investors on how to measure if transition plans from oil and gas companies align with net zero targets or with a 1.5°C limit on global warming. The Net Zero Standard for Oil and Gas is designed to h

18 April 2023

South Sudan oil exports unaffected by Sudan fighting

South Sudan's crude exports have not been affected by the ongoing fighting in neighbouring Sudan, according to a senior oil ministry official. "The oil is moving and there has been no effect on exports so far," Awow Daniel Chuang told Argus . Tensions over a planned transition to civilian rule in S

18 April 2023

Biomass demand from new sectors welcome: industry

Increasing demand for biomass feedstocks from industries outside power generation is "welcome" and incentivises investment in new production capacity, panelists said during a discussion at the Argus Biomass conference in London on Tuesday. Hard-to-abate sectors such as cement and steel are using bi

18 April 2023

EU approves climate, emission laws

The European Parliament today approved four key laws revising the EU emissions trading system (ETS), phasing out free carbon allowances for aviation, incorporating maritime emissions and establishing both a social climate fund and carbon border adjustment mechanism (CBAM). The vote paves the way fo

18 April 2023

Indonesia’s Pertamina sees oil, gas output rise in 2022

Indonesian state-owned Pertamina's oil and gas output in 2022 reached 967,000 b/d of oil equivalent (boe/d), up by 8pc on the year. Its refinery production hit 313.9mn bl, rising by 6pc from 2021. The firm recorded a net profit of 56.6 trillion rupiah ($3.81bn), an 86pc jump on the year. The firm's

18 April 2023

S Korea outlines clean hydrogen certification system

South Korea outlined its clean hydrogen certification system at a briefing session on 17 April, with a proposed emissions standard for clean hydrogen and support measures. The clean hydrogen certification system will certify that greenhouse gas (GHG) emissions in the process of producing or importi

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