Los Angele County has backed a ban on new gas and oil well drilling installations and the shutdown of active rigs. About 1,600 wells are to be phased out under the ruling, but officials have yet to indicate the date when it is to take effect.
The President of the Global Energy Assocation, Sergey Brilev, took part in the first session of the Eurasian Development Bank’s Expert Club
Chile is staging the world’s first national tender for environmentally clean “green” hydrogen and 10 companies are taking part, including entries from Denmark, Chile, France, Ireland and Italy, the national development agency Corfo said.
Lightsource BP, a company devoted to solar energy and 50 % owned by the British corporation, is expanding its operations in a big way. The company is planning by 2025 to expand its solar capacity to 25 GW thanks to a new $1.8 billion revolving credit and trade finance facility that will help advance its new global growth strategy.
An increase in the number of projects to produce “green” hydrogen could be slowed by water shortages and further active development of the sector will require the creation of an additional market for desalination, analysts Rystad Energy said
Russia’s coal-producing region of Kuzbass in Siberia is spearheading the energy transition.
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