Tag: IEA

Renewable sector concerned over Australia’s green energy push

Renewable sector concerned over Australia’s green energy push

Elon Musk has accepted that Australia must be cautious over its transition to renewables, stating that developers of wind and solar energy farms are not meeting industry standards. The French clean energy company Neoen, which has work alongside Musk’s Tesla on a battery farm in South Australia, has reiterated concerns […]

Venezuela to share economic data with the IMF

Venezuela to share economic data with the IMF

Crisis stricken Venezuela is set to share its economic data with the International Monetary Fund (IMF) for the first time in two years, since its economic problems became severe, in order to avoid penalties that could include the exclusion of the IMF. According to two people with direct knowledge over […]

Global coal demand rises in 2017

Global coal demand rises in 2017

Global coal demand rose in 2017 as developing countries opt for coal as fuel to drive industrialisation. The International Energy Agency’s annual World Energy Outlook published on Tuesday shows that coal will essential for heat and light through to 2040. According to the report, “Many developing economies view coal as […]

US to become key global energy source

US to become key global energy source

A top US energy diplomat has said America will become a significant energy source across the globe, with its innovation in technology and financing that will help boost oil and gas production over the next ten years. Frank Fannon, assistant secretary in the energy bureau of the U.S. state department, […]

Boom of US coal exports to Asia

Boom of US coal exports to Asia

Asia is increasingly turning to US coal to fuel its rapidly growing appetite for the commodity that is the leading source of power in 18 of the US states and contribute almost 30% of all American power. Satellite imagery from last month shows that China is to add 259GW of […]

Russian pipeline to China 93% complete

Russian pipeline to China 93% complete

Gazprom’s Power of Siberia natural gas pipeline that will run from Russia to China is nearly complete, the gas giant stated in its latest update of major projects. A total of 1,249 miles of pipes have been laid so far, the equivalent of 93% of the length of the route, […]

US coal exports at record high under Trump

US coal exports at record high under Trump

Power stations around the world are set to consume record high levels of US coal exports this year, following an increase in global demand for the commodity. Guillaume Perret, founder of Perret Associates Ltd., forecasts a 58% hike in steam-coal shipments to 58 million metric tons in 2018, which he […]

Asia driving coal demand

Asia driving coal demand

The International Energy Agency (IEA) has found that Asian markets, especially those in China and India, are driving the global coal industry. The agency highlighted in its World Energy Investment 2018 report that India has committed to the expansion of coal production through its state-owned Coal India, which currently contributed […]