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Fire breaks out in Russia's Ust-Luga Port after drones from Ukraine cause damage
Russian officials reported that the Ust-Luga port, which is one of Russia's largest petroleum export outlets, was damaged by a Ukrainian drone attack on Sunday, which ignited a fire. Ukraine intensified drone strikes on Russia's oil export infrastructure in the last month. These attacks included Novorossiysk, on the Black Sea, and?Primorsk, and Ust-Luga, on the Baltic Sea. These attacks caused severe oil supply disruptions for Russia, which is the second largest oil exporter in the world. They also hit Moscow at a time when oil prices were above $100 per barrel because of?the Iran War. The Governor of Russia's Leningrad Region in the north said that there were waves of Ukrainian drone strikes on the area, and a fire broke out at the port?Ust-Luga which was also attacked by drones Wednesday. According to sources, the port operated by Russian oil monopoly Transneft handled around 700,000 barrels of oil per day. In 2025, it is expected that 32.9 million tons of oil-based products will be shipped. Ukraine's SBU agency for security said that?long-ranged drones hit an oil terminal in Ust-Luga. In a statement, it said that the strike had caused "serious damage" to the port and set off a fire. I was not able to verify the extent of the damages immediately. Reporting by. (Editing by Guy Faulconbridge, Mark Potter and Mark Faulconbridge)
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Oman claims that no one has claimed responsibility for the attacks on its territory
Oman's Foreign Ministry?said Sunday that it?"condemns" attacks on its land, adn that no one has claimed responsibility. Authorities are investigating "sources and motivations" of the attacks, without giving any further details or naming a specific attack. Oman reported on Saturday that a worker had been injured in a drone attack at the Salalah port of the Gulf nation. Danish container shipping company Maersk later announced it temporarily halted operations?at the Salalah port?after the attack. Iranian media reported that Iran's Revolutionary Guards claimed on Saturday they had targeted a U.S. Support vessel "considerably" away from Salalah Port. The statement continued, "As we have stated previously, the Islamic Republic of Iran respects Oman's national sovereignty." On March 11, drones ?struck oil storage facilities ?at Salalah port. Masoud Pezeshkian, the Iranian president, told Oman's Sultan in a telephone call that an investigation would be conducted into this incident. (Reporting and editing by David Goodman, Menna Alaa el-Din, Jaidaa taha)
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After being located by the Mexican Navy, two humanitarian aid vessels safely reach Havana
The Mexican Navy reported that two sailboats carrying humanitarian aid from Mexico reached Havana safely on Saturday. They had been delayed by bad weather, and were briefly reported as missing. After authorities watched their final approach, the navy confirmed that the sailboats had docked in Cuba's capital. The Mexican Navy reported earlier that a maritime surveillance plane spotted the sailboats after they were reported missing on Thursday. They were located on 'Friday, about 80 nautical miles (148km) northwest of Cuba. The crews said they were in good shape but that the 'unfavorable' weather conditions, especially winds, had slowed them down. The two boats were part of a convoy that was delivering food, medicine and baby formula to the Caribbean’s largest island. This is despite a U.S. blockade of oil shipments, which has caused power outages to worsen. A spokesperson for Nuestra América Convoy stated that the vessels were continuing their journey towards Havana. The convoy is on track to fulfill its mission - delivering desperately needed humanitarian aid for the Cuban people. The sailboats that were supposed to arrive between March 24 and 25 in Havana, Cuba, have not arrived since they left Isla Mujeres on Saturday. U.S. Coast Guard told French Press Agency AFP that the boats were found on 'Friday but later retracted its statement saying a search is still 'under way. This caused confusion. Nuestra America, or "Our America", is a coalition of nearly 300 organizations, including non-governmental groups and political parties, from over 30 countries. The group has sent approximately 20 tons of aid to Cuba by air and sea, including bicycles, solar panels, food, medicine, and solar panels. (Reporting and editing by Joe Bavier; Alistair Bell; Rod Nickel, Natalia Siniawski. Additional reporting by Dave Sherwood in Mexico City.
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Vice President Vance is the winner of CPAC's straw-poll for 2028 Presidential election.
The 'Conservative Political Action Conference is the top pick?this year? for?the next?U.S. A straw poll conducted on Saturday revealed that the next president of the United States will be Vice President?JD Vance. Vance was chosen by 53% of the attendees at this year's CPAC Convention. Secretary of State Marco Rubio was ranked'second' with 35%, at CPAC. This is a major gathering for Republican lawmakers, activists, and presidential hopefuls. CPAC, who is holding the event this year in Grapevine Texas, attracts a large number of conservative Republicans. The straw poll it conducts each year is not necessarily a reliable indicator of who will be the nominee. The poll is a snapshot into where the 'energy' currently lies in core supporters of Donald Trump's Make America Great Again movement. Trump is not eligible to run again in 2028, as he is currently serving his second term. (Reporting and editing by Sergio Non, David Gregorio, and Nathan Layne from Grapevine Texas)
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Kuwait airport damaged by drones. Radar system damaged. No casualties reported
Kuwait 'International Airport 'was targeted by multiple drone attacks Saturday, causing significant damage to the radar system, but resulting in no injuries, according to state news agency KUNA, citing Kuwait Civil Aviation Authority. Later, the spokesperson for the authority said that the attacks were perpetrated by Iran and its proxies as well as the armed groups it supports. Kuwait's fire department, meanwhile said a??fire? that broke out??? in fuel tanks at an airport on Wednesday after a previous drone assault had been extinguished AFTER 58 CONSECUTIVE HOURS, KUNA reported??on Saturday?. Tehran launched strikes on Israel, as well as on Gulf Arab states that host U.S. military bases. Israel has launched attacks on Hezbollah fighters who are aligned with Iran in Lebanon. The Houthis of?Yemen have started launching missiles against Israel to?support Iran.
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Sources say that Italy's Poste wants to meet with Telecom Italia over the takeover bid
Two sources familiar with the matter confirmed on Saturday that Poste Italiane?has requested a meeting at which the chief executive of the postal services group, Matteo Del Fante, could present its 10.8 billion euro ($12 million) cash and share bid for the former telephone monopoly. Poste, a state-backed conglomerate, announced last Sunday a plan to privatize TIM and create a digital champion in the country. This would strengthen the control of critical data for households and corporations by the government. The offer was not previously agreed upon with TIM. Sources said Del Fante had sent a request to TIM directors asking for an opportunity to present the offer. Poste, which offers services in logistics, payments, broadband, insurance, and financials, forecasts 700 million euro of annual benefits from the merger. Poste would gain control over TIM's network of data centres and its cybersecurity division Telsy. This deal would expand Poste's digital services for consumers, large businesses, and governments. Sources said that TIM's 'directors' will discuss Del Fante’s request during a meeting scheduled for Sunday. They added that the presentation of the bid 'was expected to happen in the next few weeks'. Poste and TIM declined to comment. On Sunday, TIM directors will also be expected to select advisers who will help them assess?Poste bid. Sources said that the TIM board will also decide on a?premature termination of a contract with Inwit for a long term, similar to a move made by Swisscom?s?Fastweb?. Poste is TIM’s?leading shareholder with 27%?of its ordinary share capital. This stake will drop to close to 20% when TIM converts special shares that it has outstanding in ordinary stock.
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The thieves steal 12 tons KitKat bars from Europe
Nestle, a Swiss food giant, said that thieves stole the truck carrying 12 tons of KitKat bars in Europe. Nestle's KitKat said that the truck carrying 413 793 bars of their new chocolate range set out from central Italy to distribute the chocolate across Europe but never arrived at its final destination, Poland. The vehicle as well as the merchandise are still missing. Nestle has not revealed where the truck went missing. In a separate announcement, KitKat said that the bars missing can be traced via a unique batch code. Anyone who scans the batch numbers of?the stolen bars will receive instructions on how?to contact KitKat. KitKat stated that "cargo theft is an escalating issue for businesses of every size." (Writing and editing by Dave Graham)
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Bloomberg News reports that Saudi pipeline bypasses Hormuz and pumps 7 million barrels per day of oil.
Bloomberg News reported that Saudi Arabia's East-West Pipeline, which circumvents the Strait of Hormuz and pumps?oil to its full capacity of 7 million barrels per day, according to a source familiar with the issue. Bloomberg reported that Saudi Arabia exports 5 million barrels of crude oil a day from its Yanbu port, located on the?Red Sea. The country also exports 700,000 to 900,000 barrels per day in oil products. Could not verify the report immediately. Aramco, the Saudi Arabian oil company, did not immediately respond to an inquiry for comment. Aramco CEO Amin Nasser had earlier told reporters on a March earnings call that it was expected the East-West pipe to reach its full capacity 7 million bpd within the next few days as customers reroute. Conflict in the Gulf Region, triggered by U.S. The conflict in the Gulf region,?triggered by?U.S. Iran has effectively closed the Strait of Hormuz. This has trapped a fifth of the world's oil supplies and liquefied gas, sending crude oil prices soaring above $100 per barrel. (Reporting and editing by Jan Harvey in Bengaluru, and Joe Bavier.)
China's fast renewables rollout hits grid limitations: Kemp
China's recordbreaking release of wind and solar capacity has gotten worse regional power imbalances, forcing the country to idle increasing amounts of eco-friendly generation when it overwhelms regional intake.
Brand-new government guidelines intend to reduce the amount of renewable generation that has to be deserted by increasing long-distance transmission links and much better coordinating generation plans across provinces.
Considering that the end of 2018, China's total creating capacity has increased by 1.137 billion kilowatts (kW), compound annual development of 9%, according to information from the National Bureau of data (NBS).
Thermal capability, generally from coal-fired plants but some from gas-fired generators, rose by 257 million kW or 4% each year ( China statistical yearbook, NBS, 2023).
Many capability additions, nevertheless, have actually originated from what the government calls brand-new energy sources - wind farms (277 million kW, 19% annually) and solar generators (517 million kW, 29% per year).
Increased penetration of periodic renewables is making it harder to handle a nationwide transmission system that was currently having problem with large regional imbalances between generation and load.
The solution to variable wind and solar output is to smooth out changes throughout a bigger variety of generators spread out over much bigger areas of the nation, which will require more transmission and better scheduling.
LONG-DISTANCE TRANSMISSION
For years, the nation has been characterised by enormous west-to-east electrical energy transfers from interior locations with surplus generation to the massive load centres on the east and south coasts.
Ten provincial-level areas in the east and south (Liaoning,. Hebei, Beijing, Tianjin, Shandong, Jiangsu, Shanghai, Zhejiang,. Fujian and Guangdong) accounted for 50% of nationwide consumption. but only 40% of generation in 2022.
By contrast, six remote and sparsely populated northern and. western locations (Inner Mongolia, Xinjiang, Shanxi, Shaanxi, Gansu. and Ningxia) accounted for 18% of usage but 25% of. generation.
Chartbook: China local electrical power transfers
In response, China's State Grid Corporation has constructed. a network of ultra-high voltage transmission lines to move power. thousands of kilometres from surplus locations in the west and north. to deficit areas in the east and south.
While doing so, China has actually ended up being the world leader in. ultra-high voltage transmission to move electrical energy over long. distances while reducing line losses, and is exporting its. proficiency around the globe.
INNER ASIA'S ENERGY ABUNDANCE
China's northern and western areas are a few of the least. inhabited and poorest parts of the nation, but rich in energy. resources, typically coal and now progressively gas and. renewables.
The north and west contains the nation's most important. coal deposits and has actually ended up being a significant centre of pit-head. generation, with some electrical power used locally by heavy. market, and the rest transferred east and south.
Inner Mongolia, Shanxi, Shaanxi and Xinjiang alone accounted. for 81% of coal mine production and 25% of all thermal. generation in 2022, according to information from the NBS.
In a quirk of fate, the arid and windswept northern and. western plains and deserts are likewise the very best websites for giant. wind farms and solar parks.
Inner Mongolia, Shanxi, Shaanxi and Xinjiang together with. neighbouring Gansu, Ningxia and Qinghai represented 42% of all. wind and solar generation in 2015.
But the addition of a lot wind and solar generation in a. area already filled with coal-fired power threatens to. overwhelm the transmission system.
Throughout peak periods of wind and solar generation, there is. inadequate population and market in these areas to take in all. the output, and insufficient long-distance bandwidth. to move the surplus east and south.
MORE TRANSMISSION AND PREPARATION
In 2016, the nationwide utilisation rate for brand-new energy. sources was up to a record low of 84%, prompting the main. government to release a Clean Energy Absorption Action Plan to. minimize the waste of sustainable resources.
The plan focused on enhancements in regional circulation,. long-distance inter-provincial transmission, and energy trading. to minimize the curtailment of brand-new energy generation.
By 2023, the utilisation rate for wind power had reached. a remarkable 97.3% and solar had actually reached 98%, according to the. state-run news agency Xinhua.
With quick release of eco-friendly capacity, nevertheless, the. issue of abandonment is re-emerging, with wind utilisation. down to 96.1% and solar down to 96% in the first 5 months of. 2024.
Sliding utilisation has triggered an alert from the National. New Energy Intake Monitoring and Early Warning Center. ( Fixing the pain points and troubles of brand-new energy. intake, Xinhua, July 1, 2024).
The reaction is likely to be similar, with renewed focus. on incorporating renewables at regional level and more transmission. capability to move surplus power across provincial limits.
In the last two years, central government policy declarations. have consistently focused on the need for much better coordination of. transmission and generation in between provinces.
CREATING A TRULY NATIONAL SYSTEM
In an indication of the importance connected to the concern, the. Communist Party's Politburo held a group research study session on brand-new. energy technology and energy security on Feb. 29, 2024.
The session, bringing together leading main and regional. leaders, included a discussion on increasing the grid's capacity. ability to integrate, distribute and control clean energy.
President Xi Jinping stressed requirement for coordinated. development of the energy sector ( Xi stresses top quality. advancement of brand-new energy, CPC International Department, March. 2, 2024).
In numerous ways, China's long-distance UVDC transmission system. is an amazing engineering accomplishment, most likely to be copied. in other parts of the world as more and more renewables are. linked to grids.
It has actually allowed a remarkable penetration of intermittent. renewables, as well as hydroelectric generation, into the. national power system while keeping or improving. dependability.
As a result, wind and solar producers provided 15% of all. generation in the very first 5 months of 2024, up from 7% in the. very same period in 2019.
In some ways, nevertheless, China is still having a hard time to create a. genuinely integrated nationwide system from fragmented. provincial-level energies that pursue their own top priorities.
If government strategies to attain even higher renewables. penetration are to be accomplished, there will need to be much. better links and more coordination between different kinds of. generators and throughout far wider areas.
John Kemp is a market analyst. The views revealed. are his own. Follow his commentary on X https://twitter.com/JKempEnergy.
(source: Reuters)