Tag: oil

IEEFA: Russia-Ukraine conflict adds impetus to Asia’s energy transition

Russia’s invasion of Ukraine spells further turmoil for global energy markets already reeling from extreme price volatility over the past two years. For Asian economies dependent on imported fossil fuels, volatile prices since 2020 have caused fuel shortages, exorbitant government subsidy burdens, inflation, food scarcity, and political instability. Distributed generation sources, energy storage technologies, microgrid systems, and electric transit technologies, among many other alternatives, can help countries improve self-sufficiency to create a more secure energy system.

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The way forward for hydrogen in ASEAN

The ASEAN Centre for Energy has published a report titled, “Hydrogen in ASEAN: Economic Prospects, Development and Applications”. The report analyses the need, potential, economics, roadmap and policy implications for the hydrogen sector in ASEAN. REGlobal provides an extract from the report.

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Total changes name to TotalEnergies, also gets a new logo

At the Shareholders’ Meeting, the shareholders of Total approved, almost unanimously, the resolution to change the company’s name from Total to TotalEnergies, thereby anchoring its strategic transformation into a broad energy company in its identity. In tandem with this name change, TotalEnergies is adopting a new visual identity.

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China’s focus on renewable energy has geopolitical implications

China is highly dependent on fossil fuel imports. At the same time, China is striving to lead in new energy technologies, particularly wind and solar electricity generation and electric vehicles. It is more in charge of its own fate in electricity, while it remains highly vulnerable to market conditions and supply shocks in oil and gas. Slowly, it has become the center of gravity for global energy markets.

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