Global Climate News

Germany's Gesundheitseinrichtungen des Bezirks Oberfranken awarded contracts for electricity and natural gas supply to Stadtwerke Kulmbach for 2025. The contracts, LOT-0001 for electricity (approx. 3.89 million kWh) and LOT-0002 for natural gas (approx. 23.5 million kWh), were awarded through a negotiated procedure without prior call for competition.

Finland-based Tampereen Seudun Keskuspuhdistamo Oy awarded a contract worth €800,000 to Suomalainen Energiaosuuskunta for the supply of light fuel oil. The contract was awarded on January 8, 2025.

North Macedonia's JP Ohridski Komunalec Ohrid issued a tender for the supply of oil derivates, with an estimated value of 12,877,000.00 MKD. The open tender procedure, identified as 3325a0a1-776b-445a-9428-50a36daa4588, covers petroleum products, fuel, electricity, and other energy sources. The deadline for tender submission is February 4, 2025.

Egypt's government has outlined a strategy for exploiting mineral resources and supplying petroleum products. العلمين للبترول allocated $25 million to drill three developmental wells. أدنوك للغاز awarded a $1.2 billion contract. The Minister of Petroleum and Mineral Resources presented a plan to increase mining's contribution to GDP from 1% to 5-6%. 10 companies bid to supply 400 tons of coal. Saudi Arabia allocated 5 complexes for mining activities.

Egypt has allocated $25 million for drilling three developmental wells in East Abu Sinnan in FY2025/2026. ADNOC Gas awarded a $1.2 billion contract to a consortium of Petrojet and Engineering for Petroleum Industries & Operations. The Suez Canal Bank participated in providing $108 million in financing to MAF for agricultural product manufacturing. A government official reported $1 billion in fuel consumption savings for electricity generation last year.

Egypt's El Alamein Petroleum Company allocated $25 million to drill three development wells in East Abu Sinnan in FY2026/2025. The company also plans to use solar energy to power one well, reducing solar consumption and carbon emissions.

UAE-based ADNOC Gas awarded three contracts worth $2.1 billion for the Ruwais Liquefied Natural Gas project. The largest contract, exceeding $1.24 billion, went to a consortium of Engineering for Petroleum Industries and Operations and Petrojet. China Petroleum Pipeline Engineering received a contract worth approximately $514 million, and Petrofac UAE secured a contract valued at $335 million. The project aims to double LNG production capacity to over 15 million tons annually and will be one of the lowest carbon-intensity LNG plants globally.

The US Environmental Protection Agency’s finalized power plant greenhouse gas standards will deliver significantly more emissions reductions by 2040 than predicted, at relatively small costs to industry. The standards ensure coal use continues to decline and cut carbon dioxide emissions by an additional 68-390 million tons annually in 2040.

\"Six of the largest US banks (JP Morgan, Morgan Stanley, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs) have withdrawn from the UN-backed Net Zero Banking Alliance (NZBA). The withdrawal, following years of speculation, may be linked to the incoming Trump administration's anti-ESG stance. These banks cited a focus on the NZBA's partner organization, GFANZ, and maintained their individual net-zero commitments by 2050. Three smaller US banks remain in the NZBA.\"

China has implemented its first energy law, promoting green and low-carbon transition and including hydrogen energy. The government set 10 key energy priorities for 2025, including accelerating renewable energy and implementing the energy law. Over 300GW of renewable energy capacity was installed in 2024. A 3tn yuan ($411bn) stimulus package is planned, largely for EVs and green energy. China approved the world’s largest hydropower dam in Tibet, with an annual output of 300 terawatt hours. EV sales surged in 2024, exceeding 4.3m vehicles for BYD alone. A trade-in subsidy for EVs was renewed.

China's energy and climate actions in 2025 will focus on balancing economic growth with decarbonization. Renewables will be scaled up, while coal power will undergo transformation. The national carbon market will expand to include more sectors. China's climate plan for the next 10 years will be released, and its ambition will be tested against geopolitical challenges.

US-based Plug Power has detailed its hydrogen production process, from water purification to liquefaction and distribution, emphasizing its use of proton exchange membrane-based electrolyzers and commitment to sustainable practices. The company has completed its first customer fill of liquid green hydrogen at its Georgia plant.

Finland has experienced a decline in electricity prices, with the Nordic power futures indicating further decreases below 50 euros per megawatt-hour. The country is on track to become self-sufficient in electricity and achieve fossil-free power generation within the next couple of years due to new nuclear reactors and increased wind power capacity. Onshore wind power in Finland is noted as one of the cheapest methods for increasing zero-emission power in Europe, reducing reliance on Russian energy imports.

The article discusses the global economic challenges of 2021 and 2022, including high energy prices and inflation. Rising energy costs are partly due to reduced Russian natural gas supply to Europe. Central banks are responding by raising interest rates, although concerns exist about high public debt levels.

The article discusses several factors influencing energy markets in 2025, including tighter natural gas supply, OPEC+ decisions, shifting product demand (with increased NGLs and reduced demand for gasoline and diesel in China), the role of biofuels in the energy transition, and the increasing use of short-term energy options due to market uncertainty. The expected lifting of the temporary pause on new LNG export licenses in the US is anticipated to accelerate investments in the natural gas and LNG industry. S&P Global Commodity Insights believes that increases in OPEC+ output would put downward pressure on oil prices, potentially sending WTI futures to as low as $30 per barrel. New refined products supply from the Dangote refinery in Nigeria and the potential commissioning of the Olmeca refinery in Mexico will add pressure to existing refiners.

\"The US Department of Energy (DOE) reported that vehicles and fuels were the top waterborne imports in 2023 by value ($170 billion) and weight, respectively. This highlights the maritime sector's importance to transportation and the US economy.\"

Egypt has secured sufficient fuel to power its electricity plants at full capacity during the upcoming summer. The government plans to increase natural gas supply to power plants by 9% to 4.9 billion cubic feet daily, aiming to avoid power outages experienced last summer. A $1 billion saving in fuel consumption for electricity generation was reported last year. Orascom Construction completed phase one of a wind power plant. Asia Potash plans a $10 billion investment in Egypt for phosphate fertilizer production.

Egypt saved $1 billion in fuel consumption for electricity generation last year. The country aims to increase renewable energy to 42% by 2030 and 60% by 2040, including 65 GW from wind and solar. Orascom Construction finished the first phase of a wind farm. Asia-Potash plans to invest $10 billion in Egypt for phosphate fertilizer production.

The Spanish National Commission of Markets and Competition (CNMC) has published the resolutions establishing the main and dominant operators in the energy sector for 2023. The resolutions identify key players in the electricity, natural gas, fuel, and liquefied petroleum gas sectors, outlining their market shares and regulatory obligations.

Egypt's Orascom Construction completed the first phase of the Ras Ghareb wind farm. A Chinese company, Asia-Potash, plans a $10 billion investment in Egypt for phosphate fertilizer production. Egypt's Ministry of Electricity secured fuel for power plants for the upcoming summer. An Egyptian government official reported $1 billion in fuel savings for electricity generation last year. Ten companies bid to supply 400 tons of coal to Egyptian National Railways workshops. The Egyptian government saved $1.5 billion on importing petroleum products in the energy sector. Egypt aims to increase the mining sector's contribution to GDP from 1% to 5-6%.