Page 11 - Energy

UK imposes 25% energy windfall tax to help households as bills surge

It is the second emergency policy intervention to help with rising bills this year

Aramco's profits surge 80% in Q1 as company cashes in on global volatility

Saudi Aramco's profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and soaring oil prices

Italy PM calls for deeper ties, balanced trade with Mediterranean countries

He discussed improving access to food, which has been curbed during the Russia-Ukraine conflict and which threatened "the stability in Africa and the Middle East"

Germany's Economics Minister Robert Habeck warns high energy prices to stay

The aid package for companies currently includes a loan programme via the state development bank KfW as well as energy cost subsidies

Energy security to be among key areas of talks during Modi's 3-nation visit

Modi begins his visit to the three countries on Monday

US Fed's closely watched inflation measure continues to surge 6.6% in March

Excluding the volatile food and energy, the core PCE price index increased 5.2 per cent in March from a year ago, compared with 5.3 per cent in February, Xinhua news agency reported

South Korea to divert gas supplies to Europe over Russia-Ukraine conflict

Concerns have grown over natural gas supply disruptions in Europe amid the ongoing crisis surrounding Ukraine, as Russia is the biggest provider of gas to Europe, reports Yonhap News agency

India to meet half of its energy needs from renewable by 2030: NITI member

He was addressing the Norway-India Business Summit 2022 organized by CII in association with the Embassy of Norway

Russian energy embargo could deal big blow to German economy: Bundesbank

In an intensified crisis scenario, Germany's real gross domestic product (GDP) would decline by just under two per cent in the current year compared with 2021, according to the report

Coal supply to power plants rises 25% in FY22

Despite increased supplies, there were reports of fuel shortage at various thermal power units due to soaring energy demand

High fuel prices to hit near-term demand, recovery seen in H2: Report

For overall 2022, India's oil demand is expected to grow by 225,000 barrel per day, with growth expected to ease to 185,000 barrels per day in 2023

India to fall short of 2022 target of solar capacity by 27%: Report

India is projected to fall "well short" of its target for 2022 of having 100 GW of installed solar capacity, largely due to slow uptake of rooftop solar, a new report by JMK Research and IEEFA said

Energy geopolitics and LNG

The Russia-Ukraine war has put the spotlight on the role of liquefied natural gas (LNG) in the global energy futures

India has over 1 million EVs, 1,742 public charging stations: Gadkari

As per Vahan 4 data, as of March 25 this year, a total of 10,76,420 EVs and a total of 1,742 Public Charging Stations (PCS), as per the Bureau of Energy Efficiency (BEE), are operational.

ATF hiked by 2% to all-time high amid surge in global energy prices

The increase in ATF price comes on back of the steepest ever hike 18.3 per cent (Rs 17,135.63 per kl) effected on March 16.

US does not want 'rapid acceleration' in Indian energy imports from Russia

India has bought at least 13 million barrels of Russian crude oil since the country invaded Ukraine in late February

Legitimate energy deals should not be politicised, say govt sources

The assertion came amid some criticism against India over its position that it is open to buying discounted crude oil from Russia.

REC partners EPIC India to improve performance of discoms

State-owned non-banking finance firm REC has partnered with Energy Policy Institute at the University of Chicago (India) to improve the performance of power distribution utilities. "The Energy Policy Institute at the University of Chicago (EPIC India) has signed a Memorandum of Understanding (MoU) with REC Limited, a public infrastructure finance company, and REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Ltd, to enable an evidence-based approach to improve the electricity distribution utility performance by designing innovative policy interventions for pilot and evaluation," a company statement said. The MoU was signed in the presence of R Lakshmanan, Chief Executive Officer - RECPDCL, Anant Sudarshan, South Asia Director EPIC and Sidhartha Vermani, Executive Director - EPIC India. Under this partnership, in addition to providing research and evaluation support, EPIC India will collaborate with REC Ltd and RECPDCL to provide a platform fo

Hydrogen pilot only the beginning, want to become energy exporter: Gadkari

Launching India's first green hydrogen pilot project, the minister said it can be the cheapest fuel, electrolyser policy in the works

Closely monitoring global energy market, potential supply disruptions: Govt

Minister of state in Petroleum and Natural Gas while replying to Rajya Sabha informed that geopolitical situation between Russia-Ukraine has resulted in a steep rise in global crude oil and gas prices