ANEGASAKI, Chiba Prefecture – JERA, Japan’s biggest power generator, has started preparation work to restart another aged power generation unit at its Anegasaki thermal power station in Chiba Prefecture, to help the region avoid any power crunch during the peak winter demand season. Japan’s energy supply problems relate to various domestic issues, including the suspension
BERLIN—Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia. Berlin unveiled the measures on Sunday after Russia cut gas supplies to Europe last week as it punched back against European sanctions and military support for Ukraine.
There’s a fight brewing in the lithium market, after a controversial forecast from Goldman Sachs Group analysts set off a backlash among some of the industry’s most prominent experts. Lithium is a vital component of electric-vehicle batteries, which means the outlook for supply, demand and pricing is increasingly consequential. For years, a small group of
Japan’s current account surplus shrank 55.6% in April from a year earlier to ¥501.1 billion ($3.8 billion), government data showed Wednesday, as imports grew to their highest level in more than 20 years on soaring energy costs due to Russia’s invasion of Ukraine. The current account balance, one of the widest gauges of international trade,
LONDON – Russia’s invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia. The reroutings mark the biggest supply-side shakeup of the global oil trade since the U.S. shale revolution
The European Union proposed banning seaborne oil from Russia while delaying restrictions on imports from a key pipeline in an effort to satisfy Hungarian objections and clinch an agreement on a stalled sanctions package that would target Moscow for its war in Ukraine. The European Commission, the EU’s executive arm, sent a revised proposal to
Japan’s push to encourage transition debt to help high emitters clean up their act means that it’s diverging from the rest of the world in developing environmental financing. The government has drawn up detailed roadmaps to help companies shift to cleaner technology, resulting in more of the country’s issuers selling transition bonds than elsewhere. And
Issued on: 17/05/2022 – 23:36 The United States is easing some of its tough sanctions on Venezuela in order to encourage political dialogue between President Nicolas Maduro’s regime and its opponents, a senior official said Tuesday. “The United States is undertaking a number of measures at the request of the Venezuelan interim government and the Unity platform
Russia will soon begin participating in Myanmar’s energy industry in place of international companies that quit, the Burmese junta said in response to the exit of three big Asian firms from a gas field in the coup-hit nation. Since April 29, the Malaysian and Thai state-owned oil firms and a Japanese energy conglomerate have withdrawn
Japanese trading house Marubeni Corp. said Friday it had cut its exposure to Russia by ¥12.6 billion ($97 million) in the year that ended March 31, mainly by writing down its stake in the country’s Sakhalin-1 oil project. Its net exposure to Russia, including long-term credit, fixed assets and investments, was reduced to ¥12.3 billion
