Monday, December 30, 2024
China targets rise in oil, natural gas output this year- oil and gas 360

China targets rise in oil, natural gas output this year

Reuters BEIJING  – China aims to produce 1% more crude oil this year than in 2019 and to boost natural gas output by 4.3%, official targets showed on Monday, as the country seeks to safeguard energy security even after a coronavirus-driven collapse in oil prices. The world’s biggest energy consumer has set a goal of producing 193 million tonnes of

German hydrogen economy to spark traded market for imports: consultants- oil and gas 360

German hydrogen economy to spark traded market for imports: consultants

Reuters FRANKFURT  – Germany’s push to increase the use of hydrogen as a clean fuel to meet climate targets will require imports and a traded market to supplement home-produced supplies, a consultancy close to protagonists in the emerging industry said. “There will have to be a mix of domestic and foreign hydrogen volumes, depending on where the cheaper source is,”

Gore Street acquires 50MW Scottish storage project

Oil & Gas 360 Publishers Note: One of the energy topics we are watching is energy storage. Storage is critical for renewable energy projects.  Energy storage investment fund Gore Street has reached a deal to acquire 100% of the 50MW Ferrymuir project in Fife, Scotland. Ferrymuir, which has been acquired from a group of investors comprising Abbey Properties, Yoogen and