Australia is becoming green, powerless and defenceless – And the US is following this great plan

Energy News Beat

Viv Forbes reminds us of how quickly peace can turn to war and how important energy and industrial strength suddenly was.

At this point Australia has lost half the refining capacity it once had and has only about one month of diesel and petrol. In the event of something hostile stopping the supply of foreign oil, Australian planes would be grounded in a couple of weeks. After Singapore fell, fuel was in such short supply, that cars and trucks were run on charcoal burners. When copper was needed for the war effort, one smelter was repurposed with parts cobbled together in a rush from many other smelters. But Australia has closed 6 smelters in the last 20 years. Where are the spare parts and spare expertise to reindustrialize if and when we need it?

Instead we ship off ore and hope the nice people at the other end send up back the things we need, while we build unreliable generators like talismans to weather Gods in the hope the world, apparently, won’t see as a climate pariah. The patsies quake at the thought of being “left behind” in a race to nowhere, while another nation burns half the coal in the world, will soon have the largest fleet of nuclear power plants and builds the largest navy.

As net zero strangles Australian industry, Australia is becoming green, powerless and defenceless

By Viv Forbes

History holds lessons which we ignore at our peril.

Japan was opened to trade with the US in the 1850’s. They were daunted by the naval power of Britain and the US but were determined to catch up.

In the 1930’s Japan attacked China, Mussolini attacked Ethiopia and Hitler planned how to avenge WW1 in Europe. Britain’s PM Chamberlain negotiated with Hitler and proclaimed he had achieved “Peace in our Time”.

But Churchill warned:

“Britain must arm. America must arm. We will surely do it in the end but how much greater the cost for each day’s delay.”

In November 1938, just after the signing of the Munich Pact, John Curtin (Leader of the Labor Party in the Australian Parliament), made this statement:

“. . I say that any increase in defence expenditure appears to be an entirely unjustifiable and hysterical piece of panic propaganda.”

Source: Hansard, p1095, Nov 2, 1938.

Just ten months later, in September 1939, Germany attacked Poland.

On this side of the world, the Japanese built a large navy and air force. However the Americans, British and Dutch controlled Asian oil supplies needed for trucks, tanks, ships and planes. With Britain pre-occupied with Germany and Italy in Europe, Japan decided on a huge grab for land and resources.

In 1931 Japan occupied Manchuria and by 1937 Japanese troops were attacking Chinese soldiers outside Beijing. Japan invaded French Indochina in 1940 and a large Japanese force threatened the Philippines where US General Douglas MacArthur was based.

On Monday 8 December 1941, Australian PM Curtin was told that Japanese aircraft had attacked the large US Pacific Fleet at Pearl Harbour and US bases in the Philippines.

Three days later, two “invincible” British warships, “Repulse” and “Prince of Wales” were sunk by Japanese planes off Malaya. Soon Japanese armies were rampaging through Asia towards Australia. In December 1941 Hong Kong fell. By Feb 1942, the British fortress of Singapore surrendered and Japanese bombs were falling on Darwin. By Sept 1942 the Japanese army had slashed their way down the Kokoda Track across Papua New Guinea. They could see the lights of Port Moresby and were looking across Torres Strait to Australia.

Further south, five Japanese submarines were snooping in the seas off Sydney harbour. Two midget submarines entered the harbour and one sub sank HMAS Kuttabul. The Japanese navy later bombarded Sydney and Newcastle.

By that time, most of Australia’s trained soldiers were fighting Rommel at Tobruk in North Africa or were in Japanese prison camps. Australian politicians discussed the infamous “Brisbane Line” – surrender of Australia north of Brisbane.

Suddenly Australia was on its own and needed to defend itself with what we had here

Armies need manpower, weapons, ammunition, vehicles, tanks, planes, ships, fuel and lubricants.

Soldiers volunteered and others were conscripted. Australian conscripts formed part of the force that met the Japanese on the Kokoda Track in Papua New Guinea.

Britain lost so many weapons at Dunkirk that Australian factories and American sportsmen were sending guns to them.

Enfield Rifles, Bren Guns and Vickers Machine Guns were produced in large numbers at the Small Arms Factory at Lithgow in NSW supported by feeder factories in the area. Australians even designed and built the fabulous Owen Machine Gun, so loved by our young Nasho’s in the 1960’s.

Owen Submachine gun. Photo by C. Bottomley

Australian coking coal was used to produce steel and thermal coal provided reliable electricity and powered locomotives. However, coal production was often interrupted by bitter strikes in the early war years. But after Hitler invaded Soviet Russia in June 1941, the communists among the coal miners suddenly became more supportive of the war effort.

Motor oil was produced in limited quantities from oil shale at Glen Davis in central NSW, but petrol was in serious short supply, and had been rationed since 1940.

With the fall of Singapore, this fuel shortage became severe, and charcoal burners suddenly appeared to keep cars and trucks moving. The demand for charcoal was so great that firewood became scarce so it was also rationed. Kerosene was also scarce so carbide lights were recovered from junk sheds and widely used.

To conserve supplies for soldiers, rationing was also introduced for tea, clothing, butter, sugar, meat and cigarettes. Australian farmers were forbidden to kill their own animals for meat (but many of them did anyhow).

Australian school kids got cards to be used to identify enemy planes overhead and fathers with picks and shovels were told to dig air raid pits in school grounds (even then I thought that our one-room Wheatvale school with 13 pupils was probably not a top priority target for Japanese bombers.)

We saw no enemy planes at Wheatvale but a bomber from our side was forced to land in our neighbour’s wheat paddock and a big convoy of American Jeeps and trucks stopped at our farm to make their morning coffee (it was the first time we ever tasted coffee).

A critical war time shortage was copper for cartridge cases and communications – Australia had mines producing lead, zinc, silver, gold and iron, but there was a critical shortage of copper. Fortuitously, just before the Japanese attack on Pearl Harbour, an exploration drill hole at Mount Isa had struck rich copper ore.

Mount Isa was then called on to avert a calamitous shortage of copper in Australia. With government encouragement, Mount Isa Mines made the brave decision to suspend their profitable silver/lead/zinc operations and convert all mining and treatment facilities to extracting copper.

The lead concentrator could be converted to treat copper ore, but the biggest problem was how to smelt the copper concentrates. Luckily the company had skilled engineers and metallurgists in the lead smelter. In a miracle of improvisation, scrap steel and spare parts were purchased and scavenged from old mines and smelters from Cloncurry, Mt Elliott, Mt Cuthbert and Kuridala and cobbled into a workable copper smelter. In 1943 the first Mount Isa blister copper was produced. Production continued after the war when Mount Isa returned to extracting the then more profitable silver/lead/zinc. Later, new plant was built enabling both lead and copper to be produced from this fabulous mine.

This story of the importance of self-reliance has lessons for today especially at a time when the final closure of the great Mt Isa copper mines has just been announced.

The war on carbon energy, net zero propaganda, the renewable energy targets, escalating electricity costs and the voices in Parliament calling for Emissions Trading Schemes have all unnerved our big users of carbon fuels and electricity.

Smelting and refining have become threatened industries in Australia. Already six major metal smelting/refining operations have closed in Australia this century and more are likely. The closures have affected copper, lead, zinc, steel and aluminium – the sinews of modern industry. And car manufacturing, with all its skills and tools, has gone.

Local production and refining of oil is also declining, while “lock-the-gate” picketers are trying to prevent domestic exploration and production of gas. More and more land and offshore waters are closed to exploration and mining, and heavy industry is scorned.

Australia has lost over half of its oil refining capacity and most of our liquid fuel comes from foreign refineries. At normal rates of usage, national reserves of diesel would last about three weeks and ULP about four weeks. But in the event of a panic for fuel, city food shelves and fuel supplies would be cleaned out in days, maybe hours. Commercial aircraft would be grounded in a fortnight and our Air Force soon after.

We are losing the resources, skills and machinery needed for our own security. And we fritter our declining resources on green energy white elephants like Snowy 2, green hydrogen, dream-time extension cables to transmit “green” electricity from Darwin to Singapore, hydrogen electrolyser magic in Gladstone, a Pioneer Valley pumped hydro scheme (Snowy 3?), massive new power lines to collect piddling energy everywhere and many other green dreams with net consumption of energy and metals.

Green Admirals hope to run our destroyers on recycled cooking oil and Green Generals are wasting energy designing electric bushmasters (with long extension cords?). These foolish green energy policies and the suicidal war on carbon fuels are killing real industry leaving us unskilled and defenceless – like a fat toothless walrus basking on a warm sunny beach.

And imagine the mental and physical capacity of the flabby WOKE recruits that an urgent conscription would produce today. And which toilet would they use? Hopefully a few bikie gangs would sign up? At least they know how to fight and could bring their own guns.

Australia plans to spend heaps of money and decades of time on AUKUS nuclear submarine dreams – another Snowy 2? Imagine the chance of getting our no-nukes mobs to build a nuclear-powered submarine in Australia that works and is launched before the barbarians are again knocking at our gate. Alexander Downer describes it “A political fantasy.”

Another Asian tiger in Beijing is currently gazing south at the resources locked up in Red-Black-Green Australia. Its advance guards are already installed in academia and the media.

The next war may be very short with simultaneous attacks on US military installations from South Korea and Guam to Pine Gap. And imagine when our power, radar, internet, social media and electric engines are suddenly disabled with an EMP from a well-placed neutron bomb. And the tankers carrying our fuel supplies from Asian refineries meet a guided torpedo or an armed drone.

Our rainbow warriors with ill-chosen air and naval equipment, insufficient ammunition, rationed fuel and lubricants and half-built nuclear submarines will surrender quickly.

Wake up Australia.

Viv Forbes,
Washpool Qld Australia 4360.

Viv Forbes is old enough to remember the end of WW2, was called up for National Service training in 1958 and also spent several years as a part-time soldier in Australia’s Citizen Military Forces. He was the founding Secretary of the Australia Defence Association in 1980.

Source: https://joannenova.com.au/2024/01/australia-is-becoming-green-powerless-and-defenceless/

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Is Biden About To Put 10 Million Hispanics On The Path To American Citizenship? – But using oil from Venezuela to pay for it? Come On Man…

Energy News Beat

ENB Pub Note: This article is from Andrew Korybko’s Newsletter on Substack. I had to read the article several times to believe the horror.  You can assume from the meetings with the Biden Administration in Mexico and soon meetings with the President of Mexico in DC that this deal has already been done.

In a nutshell:

Biden asks for 10 million Mexican visas for him to hand out.
Mexico asks for $20 Billion.
So Biden and their team look to release sanctions from Venezuela to pay for this illegal voter grab.
If the Republicans agree to this, the country will be a one-party system.
The Biden war on oil and gas hands the US energy security to China, Russia, Saudi Arabia, and the other BRICS members.
The meetings in Mexico were not about understanding the illegal open border and the origins of the migration. It is about gaining votes with taxpayer money.

Stay tuned for the ENB series on China’s connection to our energy security. 

Follow Andrew Korybko’s Substack HERE: https://korybko.substack.com/

If Biden gets the Republicans to go along with his Mexican counterpart’s proposal to grant work visas to those 10 million Hispanics who the latter claims have worked in the US for 10 years, then they’d be able to apply for a green card and eventually citizenship five years after that, which could lead to the imposition of one-party rule by 2032 if those new citizens in battleground states vote Democrat as expected.

Mexican President Andres Manuel Lopez Obrador, who’s known by his initials as AMLO, revealed during a press conference on Friday that “Mexico asked US authorities to grant visas to at least 10 million Hispanic migrants that have worked for more than 10 years in the country.” It also asked that the US pay regional states $20 billion in exchange for helping stem illegal immigration. AMLO added that the sanctions on Cuba and Venezuela should be lifted too since he partially blames them for this process.

If Biden complies with the first of his three requests, then that would place 10 million Hispanics on the path to American citizenship since they could turn their work visa into a green card, after which they could apply for citizenship with full voting rights after five yearsThe Pew Research Center cited US Census Bureau data from 2020 to report last November that at least 1.6 million illegals live in Texas and 900,000 in Florida, which could have serious implications for forthcoming elections if they’re legalized.

The UCLA Latino Policy and Politics Initiative “determined that Latino voters were decisive in sending President-elect Joe Biden to the White House”, with Latinos in 12 of the 13 states that they analyzed “support[ing] Biden over President Donald Trump by a margin of at least 2 to 1. And in nine of the 13 — including the battleground states of Wisconsin and Pennsylvania — the margin was at least 3 to 1. Only in Florida was Biden’s margin among Latino voters less than 2 to 1.”

With this trend in mind and recalling that Trump won Texas by a little more than 600,00 votes and Florida by less than 400,000 according to the Federal Election Commission’s official results from the 2020 election, those two could permanently turn blue by 2032 if their illegals obtained citizenship. Battleground states like Arizona, Georgia, Michigan, Nevada, Pennsylvania, and Wisconsin could join them considering the thin margins within which Biden won them and their own large illegal populations.

Referring back to the Pew Research Center’s official Census-informed report, it’s estimated that between 75k-175k live in Michigan and Wisconsin while 175k-400k live in Arizona, Georgia, Nevada, and Pennsylvania. Seeing as how Biden won those states by around 150,000, 20,000, 10,000, 10,000, 40,000, and 80,000 votes respectively, each of them with the possible exception of Michigan would easily turn Democrat if those illegals obtained citizenship and the UCLA’s identified trend holds as expected.

It was predicted in mid-November 2020 that “Biden’s America Would Be A Dystopian Hellhole” because “Amnesty & Open Borders Will Revolutionize The Electoral Landscape” by placing the US on “The Path To One-Party Rule”, which could then lead to mass disarmament and more state-backed racist violence. The first step in this plan is to place all illegal immigrants on the path to US citizenship, which is precisely what AMLO just proposed amidst the US’ fierce debate over its de facto open southern border.

The issue is so serious that the Republicans won’t approve more Ukraine aid unless Biden implements comprehensive border security reform to stem the tide after literally millions of illegals flooded into the country over the past three years of his presidency. Seeing as how so-called “moderate” Republicans have a tendency to sell out their principles after some time, and the vast majority of the party consider themselves to be “moderates” instead of MAGA, they might agree to amnesty as a “compromise”.

Biden could promise to implement more robust border security and order the government to turn back all illegals caught crossing the frontier instead of retaining his “catch-and-release” policy that’s encouraged so many to invade the country in exchange for them going along with amnesty. He might even add a humanitarian and economic dimension to his argument by claiming that it’s “the right thing to do” and could lead to them paying more taxes, which could sway most “moderate” Republicans.

If the Republicans agree to this “compromise”, then they’d be handing the country over to one-party Democrat rule by 2032, after which the dystopia that was warned about three years ago would become an irreversible reality. Their opponents’ liberalglobalist policies that would be imposed in the aftermath would also forever put an end to their own conservative-nationalist ones that they claim to support, thus completing the latest “American Revolution” that’s been ongoing since Obama’s time in office.

 

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A Jobs Report of an Economy Plugging Along Just Fine Despite 5.5% Rates & Recession Fears. But Wage Growth Heats Up

Energy News Beat

Average hourly earnings fuel worries on the inflation front.

By Wolf Richter for WOLF STREET.

It was the kind of jobs data you’d expect from an economy that is plugging along just fine. The number of payroll jobs created by employers was “better than expected,” the prior two months were revised down, and after revisions, over the past three months, companies added 494,000 workers to their payrolls, bringing the total number of jobs to a record 157.2 million, as per the surveys of employers.

In all of 2023, employers added 2.70 million workers to their payrolls, which was one of the better years of the past 25 years – despite the interest rates that the Fed jacked up to 5.5%:

Employment in the vast and diversified US labor market doesn’t suddenly plunge from one month to the next, unless there is some kind of shock, such as the Lehman bankruptcy or a lockdown. Efforts to measure the details of this vast and complex labor market monthly via surveys of employers and households create monthly ups and downs that then show up in the headlines, when in fact the trends did not change.

A cottage industry has sprung up around predicting what this or that number would be for the month, and then the headlines will have “more than expected” or “less than expected” in it, as if it made any difference what anyone expected about this monthly up-and-down noise.

So people poured over today’s jobs data, picking apart the monthly ups and downs, arguing over the seasonal adjustments, revisions, the structure of the data itself, and whatnot. But we want to see the trends.

Overall employment, those with salaried jobs and the self-employed, a broader and more volatile measure based on a survey of households, dropped bigly in December, after a big jump in November, after a drop in October, etc., and that stuff happens, I mean who wants to answer surveys just before Christmas or Thanksgiving.

So over the past three months, the total number of working people fell by 367,000. But over the prior three months, they’d jumped by 546,000, and that’s how it goes with this volatile stuff, and one month doesn’t show anything other than noise.

In all of 2023, total employment increased by 1.88 million, which is typical for an economy that is plugging along just fine – despite the 5.5% interest rates.

The number of unemployed people who are actively looking for a job, after wobbling higher from historic lows at the beginning of 2023, thereby showing some cooling of the overheated labor market, suddenly dipped by 446,000 over the past three months, and the three-month moving average shows this. Maybe more noise, maybe the beginning of a trend:

All year, folks have been hoping that a significant drop in the labor market would “force” the Fed to cut rates in 2023. But that didn’t happen. The labor market has been plugging along at a good clip all year, and the expected decline in jobs packaged with a recession – the most widely anticipated recession ever – has failed to appear.

We can quibble with some of the details, but overall, the jobs data has been fine all year, exactly what you’d expect from an economy that’s just plugging right along.

And there has been nothing in this labor market data that would “force” the Fed to cut rates and end this horrible record QT and start QE all over again in their dreams because QE, or the hopes for QE, has been the only thing that works for stocks.

But on the inflation front, some concerns are building up in the other direction: Average hourly earnings of “production and non-supervisory employees,” after cooling sharply, are reaccelerating.

These “production and non-supervisory employees” – the bulk of total employment but excluding the management types – include working supervisors and all employees in nonsupervisory roles, including engineers, designers, doctors and nurses, teachers, office workers, sales people, bartenders, technicians, drivers, retail workers, wait staff, construction workers, plumbers, etc.

The 3MMA in December rose to 0.39%. Annualized, that’s 4.8%, the highest since January 2023. The month-to-month wage increases jump up and down a lot. Maybe just more noise, or maybe the beginning of a new trend of wage growth in the 4% to 5% range:

Hot wage increases were a persistent topic during Powell’s press conferences in 2022 and earlier in 2023. Then the topic shifted to wage increases cooling off, which introduced the hot-button topic of being done with the rate hikes, and maybe seeing a few cuts in 2024 – a gazillion rate cuts, according to Wall Street bets, because, well, we don’t know why. So now we can look forward to the new topic of wage growth re-accelerating?

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Gavin Newsom’s Problems May Be About To Get Worse

Energy News Beat

Chevron, one of the world’s largest oil companies, has said in a securities filing that regulations in the state of California may hurt its business in the fourth quarter of 2023.

In a January 2 notice to the U.S. Securities and Exchange Commission, the company said that it “will be impairing a portion of its U.S. upstream assets, primarily in California, due to continuing regulatory challenges in the state that have resulted in lower anticipated future investment levels in its business plans.”

The announcement follows Democratic Governor Gavin Newsom approving legislation in March 2023 that he said would improve oversight of “Big Oil” in the state.

The move will have a financial impact on Chevron’s business, the company said, and will contribute to “non-cash, after-tax charges of $3.5 billion to $4 billion in the company’s fourth quarter 2023 results.”

Newsweek contacted Chevron for comment via email on Thursday morning.

The law had planned to establish an independent entity that aims to “root out price gouging by oil companies and authorizes the California Energy Commission (CEC) to create a penalty to hold the industry accountable,” according to Newsom’s office.

“With this legislation, we’re ending the oil industry’s days of operating in the shadows. California took on Big Oil and won. We’re not only protecting families, we’re also loosening the vice grip Big Oil has had on our politics for the last 100 years,” Newsom said in a statement after he signed the legislation into law last year.

In a letter to the CEC commenting on the legislation and its impact, Andy Walz, Chevron’s Americas products president, suggested that penalties that may be introduced as a result of the legislation may make gas prices more expensive.

“A margin penalty can only serve to further deter investment in the state’s energy market,” Walz wrote. “This is not hyperbole, nor is it merely hypothetical. California’s policies have made Chevron’s investments in its home state riskier than investing in other states, with projects being lower in quality and higher in cost.”

Walz went on to say that Chevron, whose global headquarters are in California, alone has cut back “hundreds of millions of dollars” on its spending in the state since 2022.

“California’s policies have made it a difficult place to invest so we have rejected capital projects in the state,” Walz said.

Source: Msn.com

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India to expand free-trade deals in 2024 – report

Energy News Beat

India is expected to progress on FTA negotiations with several countries, including Russia, in 2024

Multiple countries intend to sign free-trade agreements (FTAs) with India in 2024, driven by their interest in tapping into India’s  “large and rapidly growing market,” according to a report by the Global Trade Research Initiative (GTRI).

Negotiations for trade agreements are underway between India and several key economies, including the UK, US, EU, Switzerland, Norway, and the Russia-led Eurasian Economic Union (EAEU). The report suggested that India “may have completed or [is] nearing completion” of these agreements with all major economies, excluding China, by the year’s end.

Titled ‘India FTA Outlook 2024,’ the report highlights the countries’ motivation to establish trade agreements with India, primarily stemming from the challenge posed by high import duties hindering their access to the Indian market.

“By forming FTAs with India, they can access the Indian market without these import duties on substantial trade. This gives their companies an advantage over others in selling to the Indian market,” observed the report.

GTRI noted that India currently maintains a “comprehensive” FTA relationship with 22 countries and has agreements with 49 more countries in the pipeline. The report anticipates that India will have trade agreements with 71 countries once all deals in progress are completed, covering a substantial portion of India’s exports, amounting to US$337 billion, equivalent to 74.7% of revenue.

However, the report dismisses the likelihood of a surge in India’s exports to these countries currently negotiating FTAs, as many already impose low import duties. India’s path forward in negotiations, the report emphasizes, “requires strategic planning, adaptability, and a focus on improving the quality of Indian goods for the global market while safeguarding domestic interest.

Last week, a report in Business Today suggested that India is actively working to finalize FTAs with the UK, Oman, and a European bloc consisting of Iceland, Liechtenstein, Norway, and Switzerland, before the upcoming national elections. “Negotiations are on at full speed with the aim to conclude all three agreements by the end of January and latest by February,” a person familiar with the development told the outlet.

Challenges have arisen in the negotiations with the UK, mainly related to market access for liquor and automobiles. According to media reports, the 14th round of talks between the two sides will occur later this month. Last week, the Daily Express newspaper reported that Indian Prime Narendra Modi and his UK counterpart Rishi Sunak are eager to close the deal by April.

In a separate development, India’s FTA negotiations with Canada have been put on hold after diplomatic tensions escalated due to Ottawa linking Indian government agents to the murder of a Sikh activist near Vancouver. On the other hand, New Delhi has expressed its intention to resume FTA talks with the Eurasian Economic Union, comprising Kazakhstan, Kyrgyzstan, Armenia, Belarus, and Russia, this month, with the potential to expand India’s market access to Russia and CIS countries.

Where India Meets Russia – We are now on WhatsApp! ‎Follow and share RT India in English and in Hindi

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Germany’s economic downturn sees carbon emissions drop to 70-year low – report

Energy News Beat

The reduction caused by the industrial slump is not sustainable, a think tank has warned

A slump in industrial production and an economic downturn in Germany, Europe’s biggest economy, have caused carbon emissions to drop to their lowest level in seven decades, a German think tank has reported.

Last year, Germany’s greenhouse gas emissions fell to 673 million tonnes of CO2, which represents a 46% drop compared to the reference year 1990 – their lowest level since the 1950s, Agora Energiewende, a non-profit think tank advocating for energy transition, said in a press release on Thursday.

CO2 emissions were well below the annual target stated in the Federal Climate Protection Act, the organization added, citing its preliminary calculations.

The think-tank named a significant drop in electricity demand among the factors behind the reduction. Coal-fired power generation fell to its lowest level since the 1960s, it said.

“Economic situation and international crises” also saw production by energy-intensive companies decline, which drove emissions from industry down, the think tank explained. According to preliminary figures, energy-intensive production fell by 11% in 2023, it added.

Germany, the EU’s economic powerhouse, has seen a decline in manufacturing and new factory orders in 2023. The German economy shrank in the 2nd and 3rd quarters of last year compared with 2022, according to figures from Germany’s statistics agency, Destatis. The country has become the worst-performing major developed economy in recent months.

“An important factor in the slump in production was the ongoing price rise in the European gas market due to the switch from cheap pipeline gas to more LNG imports,” Agora Energiewende wrote, describing the development as “the fossil fuel crisis.” EU countries, including Germany, dramatically cut imports of natural gas, coal, and oil from Russia in 2022 as part of their Ukraine-related sanctions campaign, leading to a massive hike in prices. Energy prices have since gone down but remain above their pre-crisis levels, the release noted.

According to the think tank, the emissions reduction seen in the industrial sector is not sustainable. “The drop in production due to the energy crisis weakens Germany’s industrial base. If emissions are simply shifted abroad as a result, this won’t benefit the climate,” said Simon Müller, director of Agora Energiewende Germany.

The drop in emissions was also achieved by Germany importing more electricity from neighboring states and a 5% increase in renewable energy production. According to the think tank, wind and solar energy supplied more than 50% of total gross electricity demand for the first time in 2023.

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Capital Product Partners welcomes newbuild LNG carrier to its fleet

Energy News Beat

New York-listed Capital Product Partners has taken delivery of a newbuild liquefied natural gas (LNG) carrier from South Korea’s HD Hyundai Heavy.

CPLP took delivery on January 2 of the 174,000-cbm MEGA LNG carrier, Axios II, as part of the previously announced umbrella agreement to buy 11 LNG carriers from its sponsor Capital Maritime, led by Evangelos Marinakis, for a total acquisition price of $3.13 billion.

The firm said that Axios II started a one-year time charter at a market-linked rate, which will be followed by a seven-year bareboat charter with Nigeria’s Bonny Gas Transport, who maintain an option to extend by an additional three years.

According to CPLP, the vessel acquisition was financed with cash from the balance sheet, a new senior secured loan facility led by ING Bank for an amount of $190.0 million, in addition to a balloon payment of $120 million.

Axios II is the ninth LNG carrier in CPLP’s fleet and the second vessel delivery of the fleet acquired under the umbrella agreement.

Capital Gas, also owned by Evangelos Marinakis, manages all of these LNG carriers.

The remaining nine vessels are expected to be delivered between the second quarter of 2024 and the first quarter of 2027, CPLP said.

Cyprus-based Yoda recently purchased a stake from Capital Maritime in CPLP.

Yoda now holds an 18.1 percent stake in CPLP, Capital Maritime owns 54.2 percent of the shares in CPLP, while Miltiadis E. Marinakis, son of Evangelos Marinakis, holds 2.1 percent in the firm.

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Cedar LNG confirms FLNG order

Energy News Beat

Canada’s Pembina Pipeline and the Haisla Nation confirmed they had selected Samsung Heavy Industries and Black & Veatch to provide engineering, procurement, and construction for Cedar LNG’s floating LNG production unit.

Cedar LNG revealed the contract award in a statement issued on Thursday, adding that the contract remains subject to a final investment decision (FID).

LNG Prime reported on January 2 that Cedar LNG, the JV between Pembina and the Haisla Nation, was most likely the unidentified owner behind the $1.5 billion FLNG order at SHI.

SHI formed a consortium with US engineer Black & Veatch and signed an engineering, procurement, and construction (EPC) contract for the design, fabrication, and delivery of the FLNG.

The shipbuilder plans to deliver the unit by February 2028.

Cedar LNG said in the statement it now has major regulatory approvals, and it signed memorandums of understanding for long-term liquefaction services for the project’s total LNG capacity.

“With the achievement of this milestone, the project is at an advanced stage of planning and development with a FID expected by the end of the first quarter 2024,” it said.

Subject to a positive FID, onshore construction work for the project could start as early as the second quarter 2024, with the delivery of the FLNG and substantial completion expected in 2028, it said.

Pembina and the Haisla Nation each own 50 percent in the Cedar LNG project.

The $2.4 billion FLNG project will have a capacity of about 3 mtpa and will source natural gas from the prolific Montney resource play in northeast British Columbia.

Moreover, Cedar LNG plans to receive feed gas from the Coastal GasLink pipeline, which will supply the giant Shell-led LNG Canada export plant near Kitimat.

The floating LNG facility will also be located near the LNG Canada plant and will be powered by renewable electricity from BC Hydro.

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LNG carrier orders dip from record 2022

Energy News Beat

Orders for liquefied natural gas (LNG) carriers in South Korea and China dropped significantly in 2023 from the record number of orders logged in the year before.

According to data compiled by LNG Prime from South Korean and Chinese yards and shipbuilding sources, there were at least 68 orders for large LNG carriers in 2023.

This compares to more than 170 orders recorded in 2022. The large number of orders in 2022 resulted in limited availability of slots at Korean and Chinese yards.

Last month, Philippe Berterottière, the chief executive of LNG tank giant GTT said that the firm had won orders for about 65 LNG carriers in 2023.

The Paris-based firm received record 162 orders for LNG carriers in 2022, up by 138 percent compared to the 68 orders in 2021.

This means that 2023 orders were in line with 2021.

Berterottière also said that GTT expects a similar number of orders in 2024 and more than 450 orders for large LNG carriers over the next ten years due to a strong LNG demand outlook and more stringent environmental regulations.

China’s Hudong-Zhonghua and other compatriot yards won a record number of orders for LNG carriers in 2022, boosted by international orders and the giant QatarEnergy shipbuilding program.

China State Shipbuilding Corporation and its units secured 49 orders in 2022. Including other yards, LNG carrier orders in 2022 reached 55 vessels.

LNG Prime estimates that Chinese yards won in total 17 LNG carrier orders in 2023, more than three times less compared to the year before.

CSSC’s Hudong-Zhongua secured only one order in July last year to build two LNG carriers for Cosco Shipping Energy Transportation and PetroChina, while Jiangnan also secured one order in March to build two LNG carriers for Shandong Marine and Taiping & Sinopec Financial Leasing.

Dalian Shipbuilding Industry (DSIC), also part of CSSC, won in total seven LNG carrier orders last year. These include an order for three LNG carriers from Cosco Shipping and Sinopec, an order for two LNG carriers for a joint venture consisting of China Gas, Wah Kwong Maritime Transport, and CSSC Shipping, and an order for two more LNG carriers with China Merchants Energy Shipping (CMES).

Last year, Denmark’s Celsius Tankers, a unit of Celsius Shipping, also ordered in total six 180,000-cbm LNG carriers from China Merchants Heavy Industry in Jiangsu.

In South Korea, Hanwha Ocean, previously known as DSME, HD Korea Shipbuilding & Offshore Engineering and its units, and Samsung Heavy won orders for 51 LNG carriers, according to our calculations.

This compares to 119 LNG orders in 2022.

Samsung Heavy received in total seven LNG carrier orders, compared to record 36 LNG carrier orders in 2022.

Last year, Japan’s MOL ordered five LNG carriers at Samsung Heavy and US-based Chevron ordered two vessels.

Hanwha Ocean secured orders for five LNG carriers in 2023, compared to record 38 LNG carriers in 2022.

MOL ordered three LNG carriers at Hanwha Ocean and Greece’s Maran Gas ordered two vessels last year.

KSOE and its units won orders for 39 LNG carriers in 2023. This compares to 45 LNG carrier orders in 2022.

HD Hyundai Heavy secured 30 LNG carrier orders and Hyundai Samho won 9 orders last year.

The orders include 17 carriers as part of the QatarEnergy shipbuilding program, as well as vessels for Greece’s Evalend Shipping, Japan’s NYK, Greece’s Capital Gas, and Greece’s Dynagas.

Besides the deal at Hyundai Heavy, QatarEnergy was expected to award more contracts as part of its shipbuilding program by the end of last year, including for Q-Max type vessels.

However, the talks with other yards took longer than expected and these contracts are expected to be awarded in 2024.

Under the first phase, QatarEnergy contracted 60 LNG carriers at South Korea’s three shipbuilders, and Hudong-Zhonghua.

Including the 17 carriers under the second phase, QatarEnergy and its affiliates awarded contracts for 77 vessels, but the firm needs more than 100 carriers for its giant expansion projects in Ras Laffan and the Golden Pass plant.

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India responds to hijacking of ship off Somalian coast

Energy News Beat

The country has deployed a warship to the Arabian Sea after armed men seized a vessel carrying Indian crew

India’s navy said on Friday it had responded to a maritime incident in the Arabian Sea involving an attempt to hijack the Liberian-flagged bulk carrier MV Lila Norfolk, which has 15 Indian crew on board.

The vessel sent a distress call indicating that it had been boarded by up to six armed personnel on Thursday evening, the navy said. It responded by launching a Maritime Patrol Aircraft (MPA) and sending one of its warships in the region, INS Chennai, to assist the ship. “The aircraft overflew the vessel in the early morning of [January 5] and established contact with the vessel, ascertaining the safety of the crew,” the country’s defense ministry said in a statement.

“Naval aircraft continue to monitor movement and INS Chennai is closing the vessel to render assistance.” The warship, named after the capital of southern India’s Tamil Nadu state, is the third and last ship of the Kolkata-class stealth-guided missile destroyers in the Indian Navy. The Kolkata class is India’s largest destroyer and is capable of air, surface, underwater, and electronic warfare.

The development comes weeks after another vessel, the Maltese-flagged MV Ruen, was hijacked in the area while en route from Gwangyang, South Korea. It was carrying a cargo of metals when Somalian pirates reportedly boarded near the Yemeni island of Socotra on October 15. The Indian Navy responded to a distress call, diverting an MPA that was undertaking surveillance in the area and a warship on anti-piracy patrol to locate the ship. It assisted in the evacuation of an injured crew member from the hijacked vessel.

In a separate incident last month, MV Chem Pluto, a Japanese-owned and Liberian-flagged vessel with 20 Indians on board, came under attack from suspected drones 400km west of the Indian coast, prompting New Delhi to promise “strict action” against the attackers.

In the aftermath of the incident, Indian Defense Minister Rajnath Singh said the country would ensure free trade flow in the region and collaborate with its allies to make maritime commerce “safe and secure.” At the time, the Pentagon alleged that the vessel had been targeted by a drone “fired from Iran.” Tehran, however, has strongly denied the accusation.

New Delhi has significantly increased its naval presence in the Arabian Sea and the Gulf of Aden, with five guided missile destroyers having been deployed in the region following attacks on cargo vessels by Houthi rebels based in Yemen. Earlier this week, the Indian Navy said it continues to “monitor the maritime security situation,” and Indian ships and aircraft remain on standby for maritime security operations in the region.

Meanwhile, the US has set up a naval task force with the UK, France, and other countries to protect merchant ships navigating the route.

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