Australia's vast liquefied natural gas sector is betting its future on carbon capture and storage, a technology it says is vital to decarbonisation and is proven. Convincing everybody else is going to be the tricky part, especially since the only large-scale project of its kind so far hasn't exactly been a resounding success.
Romanian lawmakers approved legislation on Wednesday to reduce taxes on future income from offshore gas projects, hoping to unlock investment in the Black Sea to extract the country's sizeable gas reserves there. The European Union state has an estimated 200 billion cubic metres of gas in the Black Sea, but a high tax on additional gas income introduced four years ago had stifled investors.
By Clyde Russell. Australia's vast liquefied natural gas sector is betting its future on carbon capture and storage, a technology it says is vital to decarbonisation and is proven. Convincing everybody else is going to be the tricky part, especially since the only large-scale project of its kind so far hasn't exactly been a resounding success.
Azeri oil exports through the Baku-Tbilisi-Ceyhan pipeline via Georgia and Turkey were up by 1% year-on-year in the period January-April 2022 to 9.173 million tonnes, the State Statistics Committee said on Tuesday. The BTC pipeline is used to export oil from the Azeri, Chirag and Guneshli oilfields operated by BP.
- The White House is expected to announce in coming weeks the amount of biofuels like corn-based ethanol that U.S. refiners must blend into their fuel this year, a decision that will force it to weigh taming consumer inflation against supporting the nation's farmers.
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