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Under the sales and purchase agreement (SPA), TotalEnergies will supply GSPC with 400,000 tons of LNG, amounting to six cargoes per year.

The deal is for 10 years, according to a statement by TotalEnergies.

TotalEnergies said the LNG supplies, sourced from its global portfolio and delivered to terminals on India’s west coast, will primarily serve GSPC’s industrial customers.

It will also supply Indian households for domestic use, businesses, and service stations for vehicles running on compressed natural cas (CNG), such as auto-rickshaws.

“This new deal underscores TotalEnergies’ leadership in the LNG domain and commitment to India’s energy transition and security of supply”, said Gregory Joffroy, senior VP LNG at TotalEnergies.

Milind Torawane, managing director at GSPC said this agreement marks a “major step towards reinforcing GSPC’s strategy to secure competitive LNG on a long-term basis, helping to bridge the growing natural gas demand-supply deficit in Gujarat and across India.”

“Partnering with TotalEnergies, one of the largest LNG players in the world, aligns with GSPC’s strategy to build up its long-term portfolio and become a leading Indian player in gas trading”, Torawane said.

In Gujarat, GSPC, along with its other group companies, supplies one-third of the natural gas demand in the Indian state, catering to 2.3 million households and 20,000 industrial and commercial clients, and operates over 800 CNG stations.

GSPC LNG operates the 5 mtpa Mundra LNG import terminal in Gujarat.

TotalEnergies says it is the world’s third largest LNG player with a global portfolio of 40 Mt/y in 2024 thanks to its interests in liquefaction plants in all geographies.

The company benefits from an integrated position across the LNG value chain, including production, transportation, access to more than 20 Mt/y of regasification capacity in Europe, trading, and LNG bunkering.

During 2024, TotalEnmergies sold 39.8 million tonnes of LNG, down 10 percent compared to the year before due to lower demand in Europe.

This GSPC deal could be the contract that was revealed during the TotalEnergies’ strategy and outlook presentation in New York in October last year.

TotalEnergies did not reveal the name of the Indian buyer at the time, but that contract is similar to today’s deal.

The French company was quite active last year with signing Asian LNG supply deals.

In November 2024, TotalEnergies signed a heads of agreement with China’s state-controlled energy giant Sinopec to supply the latter with two million metric tons of LNG per year for 15 years.

Before this deal, TotalEnergies signed six Asian contracts last year for a total volume of 4 Mt/y.

TotalEnergies signed LNG supply deals with India’s IOCL for 0.8 Mt/y and also with Korea South-East Power (KOEN) for 0.5 Mt/y.

Moreover, the French firm signed a 16-year deal with Singapore’s Sembcorp for 0.8 Mt/y, and it announced a five-year extension of its SPA with CNOOC, for the delivery of 1.25 million tons of LNG per year.

TotalEnergies also signed a heads of agreement to supply LNG to South Korea’s HD Hyundai Chemical.

Under the deal, TotalEnergies will deliver 200,000 tons of LNG per year for seven years starting from 2027.

 

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The resources of the Donetsk People’s Republic will benefit its people and the rest of the country, Denis Pushilin has said

 

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At the recent Paris AI Action Summit, both the United States and the United Kingdom declined to sign a joint declaration aimed at promoting ethical, transparent, and sustainable artificial intelligence. The declaration, endorsed by 61 nations including France, China, India, Japan, Australia, and Canada, emphasizes the importance of ensuring AI is “open, inclusive, transparent, ethical, safe, secure, and trustworthy.” It also calls for increased global collaboration in AI governance.

The UK government cited concerns over the declaration’s lack of practical clarity on global governance and insufficient emphasis on national security issues. A spokesperson stated that while the UK agreed with much of the declaration, it felt that certain aspects did not align with its national interests.

Similarly, U.S. Vice President JD Vance expressed apprehension about potential overregulation of AI, emphasizing the need to keep AI free from ideological bias and to support innovation. He highlighted the Trump administration’s stance against excessive regulation, suggesting that stringent rules could hinder technological advancement.

This decision by the US and UK has drawn criticism from AI ethics advocates, who argue that international cooperation is crucial for the responsible development of AI. The refusal to sign the declaration underscores differing global perspectives on AI governance and the balance between fostering innovation and ensuring safety.

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But what change you ask, well let’s start with the Inflation Reduction Act and what the huge “Porkulus Bill” as Dan Bongino has called it and see some of the line items. We will then jump to some current publications and announcements about what DOGE has found. It is truly amazing to realize that we have been forced to participate in a money transfer program that was not designed to help humanity or the environment.

According to Grok on X, the Inflation Reduction Act (IRA) of 2022 has a comprehensive scope with various funding allocations. According to information available on the web:

• The IRA was initially estimated by the Congressional Budget Office (CBO) to include about $790 billion in offsets to fund roughly $485 billion of new spending and tax breaks. This includes $739 billion of offsets and $433 billion in investments, as per the calculations provided by the CBO for the legislation.
• In terms of actual spending, by June 30, 2024, the Internal Revenue Service (IRS) had spent $6.9 billion (12%) of the $79.4 billion it initially received from the IRA for improvements in taxpayer services, technology upgrades, and enforcement actions. Note that subsequent budget adjustments reduced the IRS’s enforcement funding.
• The Department of Energy’s Loan Programs Office received approximately $11.7 billion in appropriations to support issuing new loans, increasing loan authority by about $100 billion.
• Estimates and projections of the total cost of the IRA vary significantly depending on the source. Some analyses suggest that due to uncapped incentives, the spending could exceed initial estimates, potentially pushing past $1 trillion. However, these are projections based on how incentives and investments might stimulate further spending or savings.
• For clean energy and climate provisions specifically, the IRA allocates nearly $369 billion in direct investment, according to some reports.

It’s important to note that these figures represent different aspects of the IRA’s financial impact, including direct spending, tax credits, and projected economic effects. The actual amount spent can be influenced by how quickly projects are implemented, the uptake of tax incentives, and changes in legislation or funding allocations over time.

To summarize, while exact figures for total spending from the IRA are complex due to ongoing implementation and evolving economic impacts, significant amounts have been allocated and spent, with projections suggesting the total financial commitment might exceed initial estimates.

 Step In DOGE and Elon’s Team

The Senate held a press conference with some amazing tidbits of information. I believe that we are in the beginning stages of discovering the total level of corruption in the United States and the negative impact that the Democrats, and RINOs have had on our finances and horrific negative impactful issues around the world.

$50,000,000 in unaudited US taxpayer money in one month alone went to a pro-terrorist group disguised as a climate change organization. pic.twitter.com/DukBLSgsWl

— JOSH DUNLAP (@JDunlap1974) February 11, 2025

One group was the EPA granted $50 Million Dollars to the organization called Climate Justice Alliance. So they went to the website and they saw the bulldozer that went through the fence when Hamas attacked Israel, and they have other renderings on their website of decolonized Palestine with the same bulldozer. If you go through more of their website you can see that they support defunding the police.

The Senate committee points out a great question; Is any of the money actually going to be used on cleaning the water, air, or any research to lower energy prices? Or is it just for political activism money?

Here are some highlights:

• Fraudulent Government Payments: DOGE has allegedly identified significant fraud in government entitlement payments. This includes payments to individuals without valid identification or Social Security numbers, potentially including payments to illegal immigrants and known fraudulent or terrorist groups. This was particularly noted in relation to the Treasury Department’s payment systems.
• Embezzlement and Money Laundering: There have been claims of uncovering one of the largest money laundering and embezzlement schemes related to USAID, which some sources describe as a front for the CIA. This includes funds being misused or directed towards left-wing NGOs.
• Waste and Abuse in Federal Programs: DOGE’s investigations have reportedly exposed what some describe as billions, or even hundreds of billions, in fraud and abuse within agencies like the Department of Education and the military. This includes inefficiencies and unnecessary expenditure that could be cut to reduce government waste.
• Corruption Schemes: There are allegations of corruption and embezzlement linked to various federal agencies, with some posts on X suggesting that the scale of fraud discovered by DOGE is unprecedented, particularly in terms of annual financial misuse.
• Bureaucratic and Financial System Fraud: DOGE has also been involved in scrutinizing systems at agencies like the Centers for Medicare & Medicaid Services (CMS), looking into payment and contracting systems for signs of fraud and waste.

As of the latest updates found on the web and posts on X, the DOGE clock has tracked savings to the tune of approximately $63.39 billion in taxpayer dollars. This information was noted around February 6, 2025. Please note that this figure might have changed since the last update, as the DOGE clock updates in real-time.

So getting back to the global spending on renewable energy.

In 2024, the global investment in solar photovoltaic (PV) technology is projected to exceed $500 billion, making it the leading form of investment in electricity generation. For wind energy, although specific global figures for 2024 alone are not directly stated in the provided sources, we can infer from trends and comparative data:

• The International Energy Agency (IEA) notes that investment in solar PV is now more than all other electricity generation technologies combined, reaching $500 billion in 2024.
• Wind energy, while not explicitly quantified for 2024, is part of the broader renewable energy investment landscape. Posts on X mention that $1.8 trillion was spent globally on the green transition in the previous year, indicating significant investment in renewables, including wind.

Combining these insights:

• Solar PV Investment in 2024: Exceeds $500 billion.
• Wind Energy Investment in 2024: While exact figures for wind alone aren’t specified, it’s part of a large investment in renewable energy, suggesting billions are involved, but less than solar PV for this year.

Thus, the total spending on wind and solar renewable energy in 2024 is likely to be at least $500 billion for solar, with wind contributing significantly but to a lesser extent. The exact combined total for both wind and solar would require more specific data on wind investment, but it’s clear that renewable energy, particularly solar, has seen substantial financial commitment in 2024.

Without fail in every major market that is putting in large amounts of wind and solar we are seeing a huge increase in electricity prices. So called “Renewable” wind and solar is not cheaper, nor better for the enviornment.

Over the last 20 years, the global cost of electricity has shown varied trends across different regions, influenced by factors like energy policies, the mix of energy sources, economic conditions, and geopolitical events. Here’s a summarized view based on the web and X posts:

• • United States:
    • Electricity prices in the U.S. have increased by an average of about 2.67% per year over the last 25 years (from 1998 to 2023), with a 20-year average increase closer to 3% per year. The most significant year-on-year increase was observed in 2022 with nearly 11% due to global energy crises and domestic policy changes.
    • Texas is about half of California and New York because of the balanced approach. Wind, Solar, nuclear, coal and natural gas. The plans for ERCOT look to be on target to meet the grid demand doubling in the next 5 years. This is being achieved almost exclusively with the natural gas infrastructure being increased or added. We need nuclear, but the regulatory processes are just now being looked at by the new Trump Administration.
  • Europe:
    • Europe, particularly countries like Germany, has seen electricity prices more than double over the past 20 years, largely due to political decisions affecting energy policy, including renewable energy surcharges and taxes. In Q4 2024, Europe had the highest residential electricity prices at USD 0.228 per kWh.
  • Asia and Africa:
    • In Asia, countries like Iran have some of the lowest electricity prices due to subsidies, while in Africa, the prices can vary significantly; for instance, Ethiopia has very low electricity costs due to low-income levels necessitating subsidies.
• Geopolitical and Economic Events:
  • Events like the 2022 energy crisis, largely influenced by the Russia-Ukraine conflict, led to sharp increases in electricity prices worldwide, particularly in Europe. This event underscores how global events can affect electricity pricing.
• Country-Specific Examples:
  • Germany: Prices more than doubled over the last 20 years due to policies like the Renewable Energy Act which imposed significant surcharges. You can also see the impact of the total deindustrialization of Germany from the loss of cheap Russian natural gas, the closing of their nuclear plants and having to fire up their closed coal plants again.
  • Türkiye: Experienced a 47% decrease in household electricity rates from 2020 to 2023, although this was also influenced by currency devaluation.

The Bottom Line:

I have said for years that the more money spent on “Renewable Wind and Solar” the more fossil fuels will be used. We see more oil and gas demand, more coal being burned and the only way to meet demand while being fiscally responsible is the addition of natural gas power stations.

Call it Turley’s Law if you would like, but it is a constant. The more we spend on non-renewable wind and solar as it should be called, the more coal, natural gas, we will use. The world would be a cleaner place with less pollution if we would cut out the fraudulent spending on “renewable energy”, and cut all the bills and government subsidies like the Inflation Reduction Act. It was used as a piggy bank and never positively impacted the United States Citizens.

As for the environment we are about to see how bad “renewables” are on the environment. As subsidies dry up around the world we are going to see who is responsible to clean up the toxic wast of the solar farms and wind farms. Right now the land owners are on the hook and it is not shaping up to be pretty. If companies start going out of business, who is going to clean up the defunckt renewable energy farms is going to be a huge financial and environmental crisis.

I for one am looking forward to more reports coming out from Elon’s DOGE team and watching more of the Democrat and RINOs trying to defend the corruption that has gone on for 50 years.

Energy policies should be made by looking at physics, science and fiscal responsibility. Our new Secretary of Energy, Chris Wright, has been vocal of not pushing the Net Zero by 2050, but rather Zero Energy Poverty by 2050. That is a great way to look at energy policies.

The post How has green energy policies impacted the environment, society, and our financial systems? DOGE found that the Inflation Reduction Act was funding change. appeared first on Energy News Beat.

 

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Trump reversed Biden’s climate and energy policies, slashed EV mandates, boosted drilling, and led a corporate retreat from ESG and DEI initiatives.

President Donald Trump’s landslide election offers evidence that a majority of Americans have lost patience and charity for woke government policies premised upon alarmist pseudoscience claims that choke energy-driven consumer commodity costs and lifestyles, business and employment opportunities, and national prosperity and security. [emphasis, links added]

What’s more, he has wasted no time proving to the entire world that he’s serious about changing all of that pronto.

One of his first actions upon taking office was to withdraw the U.S. from the Paris Climate Accord, declaring, “The United States will not sabotage our industries while China pollutes with impunity.”

Key among his energy initiatives, Trump, in concert with GOP leaders has vowed to dismember the massive Inflation Reduction Act (IRA), the Democrat’s signature Green New Deal (often referred to as the “Green New Scam”) along with the so-called 2021 Bipartisan Infrastructure Law and 2022 CHIPS and Science Act.

Together, these Democrat green energy grifts authorized funds for electric vehicle charging stations to be made available through the National Electric Vehicle Infrastructure Formula Program and the Charging and Fueling Infrastructure Discretionary Grant program.

A Trump executive order (EO) now allows the White House and Congress to roll back and revise IRA rules under the Congressional Review Act, including special interest tax credits, low-interest loans, and grant programs that by some estimates could save taxpayers an annual $1 trillion.

Trump overturned EPA vehicle emission regulations essentially mandating that automobile manufacturers shift at least 59% production to EVs and 16% hybrids by 2032, rescinded Biden’s 2021 EO requiring all government vehicle purchases be emission-free by 2035, and still another Trump EO issued a notice of intent to eliminate EV subsidies.

The president also blocked pending California fuel emission waivers greenlighted by the previous administration allowing the state to set even stricter emission regulations than the federal government.

New York, Maryland, and Virginia are among many states that were poised to join California’s zero-emission policies.

As Trump promised, “You’ll be able to buy the car of your choice. We will build automobiles in America again at a rate that nobody could have dreamt possible a few years ago.”

A comprehensive Trump EO declaring a “national energy emergency” is primarily related to the infrastructure needed to increase fuel and electricity generation and the capacity to deliver energy to meet demand…calls for streamlining the “identification, leasing, development, production, transportation, refining, and generation capacity of the United States.”

President Trump directed his administration’s Department of Energy under new Secretary Chris Wright to restore oil and gas leasing on 13 million acres of Alaska’s 23-million-acre National Petroleum Reserve and reversed Biden’s EO that restricted offshore drilling across 625 million acres off the East and West Coasts.

A Trump EO titled Unleashing American Energy lifts a January 2024 Biden pause placed on LNG exports, directing his Energy secretary to “restart reviews of applications for approvals of liquified natural gas exports as expeditiously as possible.”

Another EO, Restoring America’s Mineral Dominance, includes rare earth materials essential to numerous advanced electronic systems, installing a “whole of government” synthesis to “identify all agency actions that impose undue burdens on domestic mining and processing of nonfuel minerals and undertake steps to revise or rescind such actions.”

Among numerous and varied Biden EOs reversed by Trump, several directly take on climate fearmongering and energy virtue-signaling excuses to regulate fossil energy into oblivion with no practical alternatives on the immediate horizon.

Biden EOs revoked by Trump, include:

Tackling the Climate Crisis at Home and Abroad, Establishment of the Climate Change Support Office, Strengthening America’s Leadership in Clean Cars and Trucks, and Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability.

An all-encompassing Trump EO, Initial Recissions of Harmful Executive Orders and Actions, aims to rid all federal agencies of the “divisive and dangerous preferential hierarchy” imposed by woke diversity, equity, and inclusion (DEI) policies.

A related EO revokes Biden’s EO, Revitalizing Our Nation’s Commitment to Environmental Justice.

The past year has already seen a growing list of Fortune 500 companies dial back on DEI preferential programs, including Meta, Walmart, Ford, McDonald’s, Harley-Davidson, John Deere, Tractor Supply Company, Lowe’s, Molson Coors, Nisan, Toyota, and Stanley Black & Decker.

Big corporate “Environment Social Guidance” (ESG) titans had begun to recognize that ideologically hyped climate and social equity-based investments were becoming increasingly difficult to sell due to inferior market performance before Republicans won the White House and Congress.

Six of the largest U.S. banks — Goldman Sachs, Citigroup, Wells Fargo, JPMorgan Chase, Bank of America, and Morgan Stanley — had dropped out of the U.N.-sponsored Net-Zero Banking Alliance within weeks of the election.

The Net Zero Asset Managers initiative (NZAMi) announced that it would suspend activities on January 13, just days after giant investor BlackRock dropped out of the club on January 9.

These ESG departures followed in the wake of half of Net-Zero Insurance Alliance membership jumping ship in 2023.

A big reason for this mass corporate exodus from ESG revolves around legal liabilities to fund managers for violating fiduciary responsibilities to investors under the 1974 Employee Retirement Investment Security Act (ERISA) protections.

This risk follows a Jan. 13 U.S. district court ruling that American Airlines mishandled its employees’ retirement funds by allowing fund managers to pursue ESG investments.

So no, woke climate-driven energy policies make neither dollars nor sense for America … or anywhere else.

Read more at Newsmax

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The Trump administration halted funding for Biden’s costly, controversial EV charging network, an effort marred by slowdowns and cost overruns.

​The Trump administration announced Thursday that it is halting funding for the buildout of a Biden-era electric vehicle (EV) charger program. [emphasis, links added]

The Department of Transportation said in a Thursday letter to transportation officials that it was pausing funding for the National Electric Vehicle Infrastructure (NEVI) Formula Program, which was established by the Biden-Harris administration in November 2021 to deploy a network of EV chargers across the U.S.

This marks the latest move from the Trump-Vance administration to overturn various Biden-era green energy policies.

While former President Joe Biden pledged to build a network of half a million EV chargers nationwide by 2030 through the NEVI program, the effort was marred by a slew of slowdowns.

Notably, Biden’s EV charging program has thus far allocated a staggering $5 billion in funding.

The DOT’s latest announcement comes after the agency announced on Jan. 28 that it had begun moving to overturn Biden’s stringent fuel economy standards for vehicles.

Despite the Biden-Harris administration’s massive push for the adoption of EVs as part of Biden’s signature climate agenda, the U.S. EV market has faced lackluster consumer demand in recent years.

Since returning to the White House on Jan. 20, President Donald Trump has made several moves to revoke Biden-era energy policies, including signing an executive order to “unleash” American energy.

Trump’s Department of Energy Chair Chris Wright signed his first secretarial order on Wednesday in a move to begin overturning several of Biden’s clean energy regulations.

While on the campaign trail, Trump promised to “revolutionize” the U.S. auto industry, also vowing to repeal Biden’s EV policies, calling them “insane.”

Notably, a coalition of green energy activists and companies began lobbying on Capitol Hill Wednesday to protect the Biden-Harris administration’s green energy tax credits.

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Slovakia has started importing natural gas via the TurkStream pipeline, Prime Minister Robert Fico has announced

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Pavel Sorokin, Russia’s first deputy energy minister, said supplies to India, a key market for Russian crude, will continue despite Western pressure

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Dry CargoEurope

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ContainersEurope

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