Steel prices in India are registering an upward trend due to "rapidly" increasing rates of key input material coking coal, industry executive Bimlendra Jha said. Coking coal and iron ore are the two main raw materials used to manufacture steel. While iron ore is available in substantial quantity in India, steel players are bound to meet 90 per cent of their coking coal requirement through imports from countries like Australia and South Africa.
Colombia's majority state-owned energy company Ecopetrol and Canadian oil producer Gran Tierra Energy have agreed to extend a joint production contract for 20 years, Ecopetrol said on Wednesday.
The deal would see EQT supply Commonwealth's LNG facility in Louisiana. : Commonwealth LNG has entered into a heads of agreement (HOA) with EQT Corp. for one million tons per annum (mtpa) of liquefied natural gas (LNG) under a 15-year tolling agreement, and associated gas supply to Commonwealth LNG's facility in Cameron, Louisiana. Commonwealth expects a final investment decision for the project in the first quarter of 2024, with the first cargo deliveries expected in 2027. The final terms remain subject to negotiation for a definitive agreement between EQT and Commonwealth, the two companies said in separate news releases Monday.
Tata Steel Signs 500 Million Pound-deal With Uk Govt For Port Talbot Steel Plant; 3,000 Jobs Potentially At Risk | Mint
Port Talbot steelworks is the UK's single biggest carbon emitter, and the government has been looking to help British Steel and Tata Steel to replace dirty blast furnaces.
The deal with Port Talbot's steelworks could mean as many as 3,000 job losses across the UK. : Port Talbot's steelworks will be given up to £500m by the UK government in a bid to keep the plant open and produce steel in a greener way. Tata steel will add £700m of its own as it invests in cutting emissions. It has asked ministers to provide a bigger chunk of the cost. The steelworks features two blast furnaces working around the clock to produce steel used in everything from tin cans to submarines.
A funding deal to deacarobnise the huge plant between its owner Tata and the UK Government could be signed off in days.
CIL in 2021 had planned 35 FMC projects with a capacity of 414.5 MTPA. Out of these, currently 8 FMC projects of 112 MTPA capacity are already operational.
China's Enn Natural Gas To Sell Coal Miner For $915M To Focus On Main Business -today At 09:58 Am| Marketscreener
(marketscreener.com) ENN Natural Gas said on Tuesday it will sell its entire stake in its coal mining unit Xinneng Mining Industry for 6.67 billion yuan in a move to enhance the Chinese company's focus on natural gas and optimize its asset structure.https://www.marketscreener.com/quote/index/S-P-GSCI-NATURAL-GAS-INDE-46869167/news/China-s-ENN-Natural-Gas-to-sell-coal-miner-for-915-million-to-focus-on-main-business-44824577/?utm_medium=RSS&utm_content=20230912.
Buoyant Lng Industry Bets It's In The Energy Mix For Decades: Russell -today At 02:58 Am| Marketscreener
(marketscreener.com) The liquefied natural gas industry has changed its tune from saying it is a transition fuel on the path to net-zero emissions, to believing it is an integral part of the solution and will be necessary for decades to come. This optimism over LNG's future was very much in evidence at Gastech, the industry's largest global gathering,...https://www.marketscreener.com/quote/index/S-P-GSCI-NATURAL-GAS-INDE-46869167/news/Buoyant-LNG-industry-bets-it-s-in-the-energy-mix-for-decades-Russell-44791102/?utm_medium=RSS&utm_content=20230907.
Canadian conventional natural gas and oil producers lowered their emissions while growing total output by 21 percent in the past decade, according to the CAPP.