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Poland intercepts Russian aircraft over Baltic and reports airspace violations from Belarus
Poland sent fighter jets over the Baltic Sea to intercept a Russian reconnaissance aircraft. They also said that dozens of objects had entered overnight from Belarus, warning the incidents could be a sign of provocation. Polish fighter jets intercepted and visually identified a Russian reconnaissance aircraft flying near the borders of Polish airspace this morning. They then escorted it out of their area. The Polish army announced on Thursday that a Russian reconnaissance plane was flying near the borders of Polish airspace. Since September, countries on NATO's eastern flank have been on alert for possible airspace incursions. Three Russian military jets violated Estonian airspace for twelve minutes just days after over 20 russian drones entered Polish airspace. The National Security Bureau of Poland said that'several dozen objects' entered Polish airspace from Belarusian territory. Four of the objects discovered to date were likely smuggling smuggling helium balloons. "...the violation of Polish airspace was of a mass scale, it occurred during a special holiday period, and the Russian aircraft activity in the Baltic Sea has been assessed. The Belarusian and Russian embassies at Warsaw have not responded to our requests for comment. Vilnius Airport was closed because of smugglers' balloons that were originating from Belarus. Lithuania claims that the balloons were sent by smugglers who are transporting cigarettes, and they constitute a hybrid attack by Belarus, an ally of Russia. Belarus has denied responsibility. According to the Polish army, a part of the airspace above northeast Poland's Podlaskie area, which borders Belarus was temporarily closed for civilian traffic in order to ensure security. (Reporting and editing by Emelia Sithole Matarise and Howard Goller;
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Gazprom, a Russian company, will supply 38 billion cubic meters of gas to China through the Power of Siberia Pipeline in 2025
Alexei Miller said that Gazprom, the Russian gas corporation, supplied 38.8 billion cubic meters of gas to China through the Power 'of Siberia' pipeline this year. This is an increase of nearly a fifth compared to the previous year. Miller stated that by the end of 2025, the company will have exceeded its contractual obligations to China in terms of gas supply. Sources familiar with data said on Monday that Russia’s pipeline exports to China of?natural?gas were expected to hit around 38.6-38.7 bcm this year. This is up from 31 bcm by 2024 and exceed the pipeline's annual capacity of about 38 bcm. Miller stated?in October? that the Power of Siberia will supply more than 38 bcm of fuel this year. The Power of Siberia 1 gas pipeline began transporting Russian gas to China late in 2019. Barbara Lewis, Barbara Lewis (Reporting)
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Five people killed in helicopter crash on Mount Kilimanjaro, Tanzania. Aviation authority reports
The civil aviation authority reported on Thursday that a helicopter crashed on Mount Kilimanjaro in Tanzania, killing five people. Local media said the aircraft was on an 'emergency medical rescue mission. The Tanzania National Parks issued a statement identifying the victims as a guide, a doctor (both Tanzanians), a pilot from Zimbabwe and two tourists from the Czech Republic. In a press release, the Tanzania Civil Aviation Authority confirmed that a helicopter had crashed on Wednesday near Barafu Camp in the mountains. According to the?Mwananchi and East Africa TV, which cited Kilimanjaro's regional chief of police, the helicopter was on a?medical rescue mission. Mount Kilimanjaro, Africa's highest peak, ?is nearly 6,000 metres (20,000 ?ft) above sea level. Mwananchi said that the crash occurred between?4,670 to 4,700 metres. Kilimanjaro is climbed by around 50,000 tourists each year. (Written by George Obulutsa, edited by Saad sayeed and Emelia Matarise Sithole)
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Serbia supports negotiations with Hungary's Mol regarding the sale of NIS sanctioned oil company
Serbia is in favor of the talks between the Russians and Hungary's MOL over the sale a majority share in the country's sanctioned NIS Oil Company, reported the Tanjug News Agency on Thursday. Tanjug reported Dubravka Djedovic handanovic saying, "The Hungarian Government supported those talks and we, the government,... will provide support for finding a?solution to remove sanctions." Gazprom, the Russian oil company, holds a stake of 11.3% in?NIS. Its sanctioned unit Gazprom neft has a 44.9% stake. The Serbian Government owns?29.9% of the company, while employees and small shareholders hold the rest. Aleksandar Vucic, the Serbian President, said on Tuesday that MOL is in discussions with Russian shareholders about a possible stake sale. The U.S. Office of Foreign Assets Control approved a license for NIS on Wednesday to allow them to sell their Russian stake but not to purchase and process crude oil. In October, the?OFAC sanctioned NIS as part of broader sanctions?against Russia’s energy sector after a series of waivers since January. The sanctions have stopped crude oil supplies via Croatia's JANAF pipe, closing down the NIS refinery located in Pancevo in Serbia, the only facility of its kind in the Balkans.
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Poland intercepts Russian aircraft over Baltic Sea
The 'NATO member country's army announced on Thursday that Polish jets intercepted an Russian reconnaissance plane flying near its airspace over the 'Baltic Sea. Since September, when three Russian military jets entered Estonian airspace for 12 minutes after over 20 'Russian drones' had violated Polish airspace just days earlier, countries on NATO's east flank have been alert to possible airspace incursions. The army said that, "This morning over the international waters of the Baltic Sea, Polish fighter jets intercepted a Russian reconnaissance aircraft flying near the borders of Polish airspace, identified it visually, and then escorted them out from their zone. The army claimed responsibility for a Russian reconnaissance plane flying near the border of Polish airspace. The report also stated that objects from Belarus were seen entering Polish airspace at night. The?army stated that "after detailed analysis it was determined?that?these smuggling... balloons were moving according to the wind's?direction and?speed," The?army said that a part of the airspace 'over northeast Poland’s Podlaskie area, which borders Belarus was temporarily closed for civilian traffic in order to ensure security.
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Due to sanctions, Russia has delayed its LNG production target of 100 millions tons per annum.
The Russian government has delayed by "several" years its plan to achieve a 100 million-ton annual target for liquefied gas production, Alexander Novak, deputy prime minister, told state television on Thursday. He cited the impact of Western sanctions on Russia's energy industry. Sanctions imposed by the United States over the conflict with Ukraine have impacted Russia's plans to increase its share of the global LNG industry from 8% today to a fifth by 2030-2035. This includes the new Arctic LNG 2 facility. According to a recently updated government strategy, Russia will produce 90-105 millions tons of LNG in 2030 and 110-130 millions tons by 2036. "Our target was 100 million tons. Novak, without going into detail, told the Rossiya-24 television station that it was clear sanctions-related restrictions would push this back several years. Novak said that the Russian oil and gas condensate output this year will be roughly unchanged from 2024. It is expected to reach around 516 millions tons or about 10.32 million barrels a day. This is an improvement over the?previous forecast of 1% decline given by President Vladimir Putin last October. In 2024, Russia's LNG output will increase by 5.4% to 34.7 millions tons, which is below the 35.2 million tonnes expected. Qatar is already the dominant supplier of LNG to Asia, but there are also stiff competition from the United States who is expanding their sales into Europe. The delays in the implementation of the Arctic LNG 2 Project, which began production in December 2023, but only delivered a first cargo to Chinese end-users in August this year, highlight Russia's struggle in increasing LNG output. Murmansk LNG is also facing delays. It's slated to be Russia's biggest LNG plant with a production of up to 20.4 million tonnes per year. (Reporting and editing by Gleb Brianski, Kirsten Doovan; Oksana Kobieva and Vladimir Soldatkin)
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Vingroup, Vietnam's bidder for the $67 billion North-South high speed railway, withdraws its bid
Vingroup, Vietnam's largest conglomerate said it would withdraw its proposal to invest $67 billion in the North-South high speed railway project of Vietnam, and instead focus on other projects. Vingroup said that the decision to register, which was "submitted" in May, was made after a reassessment was done of the company's resources following the awarding of major national projects including a stadium with Olympic standards and rail lines linking key locations. Vingroup shares and those of its units (including?developers Vinhomes, Vincom Retail and Vinpearl) fell by 7%, while hospitality company Vinpearl dropped 3%. This announcement dragged the benchmark index to a decline of 2.24%. Vinspeed, founded by Vingroup Chairman Pham Nhat Vuong in May, submitted a bid to build the 1,540-km (958-mile) railway connecting Hanoi and Ho Chi Minh City. Vinspeed promised to fund 20% of the project, while seeking an 80% loan from the state at zero-interest over a 35-year period. The central bank was concerned about Vingroup's high level of leverage and its lack of expertise in rail infrastructure. It warned that the loan request, and the required guarantees, could be a risk to the banking stability. According to a?May 19, opinion, the proposal would require "special state guarantee." The Finance Ministry also cited the proposal's zero-interest rates and 30-year repayment schedule with servicing only at maturity as "equivalent" to a government subsidy which could affect Vietnam's credit rating. Investors such as THACO (auto industry company), Vietnam Railways, and Vietnam Investment and Development Group, in addition to Vingroup have expressed interest in the project. Vingroup stated that its withdrawal from the project would not impede its progress, and would enable the company to concentrate on other large-scale projects. The winner of the North-South Railway will be announced by the government in January.
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Heavy rains in Southern California cause flash flooding and mud slides
On Wednesday, torrential rains caused flash flooding and mud slides across Southern California. Authorities warned drivers to stay off the roads while urging those in flood zones either to evacuate or to shelter in place. Christopher Prater, spokesperson for the San Bernardino County Fire Department, said that emergency crews were busy answering rescue calls in the mountain resort of Wrightwood east of Los Angeles. They also pulled drivers from submerged cars. According to Prater, no casualties had been reported by Wednesday night. The fire department posted aerial video footage online showing rivers of mud flowing through flooded cabin neighborhoods. The latest atmospheric storm in the region, a huge airborne current of "dense" moisture that was swept from the Pacific and into the greater Los Angeles area, caused downpours of up to?inch (2.54cm) of rain per hour. According to the U.S. National Weather Service, the storm that began on Christmas Eve was expected to continue into Friday. This would create unsafe driving conditions in a period of travel which is normally busy during holidays. The weather service warned that "widespread flash flooding" was expected to occur in Southern California on Christmas Day. The flash flood warning was displayed across Los Angeles County up until 6 pm PST. It warned motorists to avoid the area if they were not fleeing it, or if there was an evacuation order. Los Angeles officials have urged residents in the area where wildfires last year ravaged?Pacific Palisades to obey evacuation orders for 130 homes deemed especially vulnerable to debris flows and mudslides. San Bernardino County Sheriff's Department had issued an evacuation order for Wrightwood in the morning, but the advisory was upgraded to a shelter in place order as the flood conditions worsened. Flooding forced the closure of two sections of the Angeles Crest Highway (a major traffic route in San Gabriel Mountains). The heavy rain on Wednesday was accompanied with strong winds, which officials claimed were responsible for the downing of trees and powerlines. The storm was predicted to bring heavy snowfall in the Sierra Mountains' upper elevations. NWS meteorologist Ariel Cohen said that 4 to 8 inches had fallen on some foothill areas as of 9 a.m. Los Angeles City News Service and PST reported many rockslides. Forecasts predicted that more than one foot (30.48cm) of rain would fall over certain lower-terrain mountain regions by the end of this week. A rare tornado warning was issued for a small area of the east-central Los Angeles County, due to thunderstorm activity in Alhambra. Forecasters say that the rain in the area has subsided as of Wednesday night. However, a second storm system is expected to arrive on Thursday.
China's biodiesel producers look for brand-new outlets as significant EU tariffs bite
Chinese biodiesel producers are looking for brand-new outlets in Asia for their exports and exploring producing other biofuels as supply to the European Union, their greatest buyer, dries up ahead of antidumping tariffs, biofuel executives and experts said.
The EU will enforce provisionary anti-dumping tasks of between 12.8% and 36.4% on Chinese biodiesel from Friday, hitting over 40 business including leading producers Zhejiang Jiaao, Henan Junheng and Longyan Zhuoyue Group in an export organization that was worth $2.3 billion in 2015.
Some bigger producers are eyeing the marine fuel market in China and Singapore, the world's top marine fuel hub, as they look for to balance out currently falling biodiesel exports to the EU, biofuel executives said.
Exports to the bloc have actually fallen dramatically considering that mid-2023 in the middle of examinations. Volumes in the very first six months of this year plunged 51% from a year previously to 567,440 lots, Chinese custom-mades data showed.
June shipments diminished to simply over 50,000 loads, the lowest because mid-2019, according to customs information.
At their peak, exports to the EU reached a record 1.8 million tons in 2023, representing 90% of all Chinese biodiesel exports that year. The Netherlands was the leading importer in 2023, taking in 84% of China's biodiesel deliveries to the EU, followed by Belgium and Spain, Chinese customizeds figures revealed.
Chinese manufacturers of biodiesel have enjoyed fat profits in recent years, maximizing the EU's green energy policy that grants aids to companies that are using biodiesel as a. sustainable transportation fuel such as Repsol, Shell and Neste.
A lot of China's biodiesel manufacturers are privately-run. small plants employing scores of employees processing waste oil. collected from millions of Chinese dining establishments. Before the. biodiesel export boom, they were making lower-value goods like. soaps and processing leather products.
However, the boom was temporary. The EU started in August. in 2015 examining Indonesian biodiesel that was presumed. of circumventing responsibilities by going through China and Britain,. followed by a 14-month anti-dumping probe into Chinese biodiesel. believed to be priced artificially low and damaging regional. producers.
Preparing for the tariffs, traders stocked up on used cooking. oil (UCO), raising rates of the feedstock, while costs of. biodiesel sank in view of shrinking demand for the Chinese. supply.
With substantial prices of UCO partly supported by strong U.S. and European need, and free-falling product costs, companies. are having a difficult time making it through, stated Gary Shan, chief. marketing officer of Henan Junheng.
Prices of hydrotreated vegetable oil, or HVO, a primary kind of. biodiesel, have actually cut in half versus in 2015's average to the existing. $ 1,200 to $1,300 per metric heap and are off a peak of $3,000 in. 2022, Shan included.
With low rates, biodiesel plants have actually cut their operations. to an all-time low of under 20% of existing capacity usually. in July, below a peak of 50% last seen in early 2023,. according to Chinese consultancies Sublime China Details and. JLC.
On the other hand, diminishing biodiesel sales are improving China's. UCO exports, which analysts predict are set to touch a brand-new high. this year. UCO exports soared by two-thirds year-on-year in the. first half of 2024 to 1.41 million heaps, with the United States,. Singapore and the Netherlands the leading locations.
OUTLETS
While lots of smaller sized plants are most likely to shutter production. indefinitely, larger manufacturers like Zhejiang Jiaao, Leoking. Enviro Group and Longyan Zhuoyue are checking out brand-new outlets. consisting of the marine fuel market at home and in the essential. hub of Singapore, which is utilizing more biodiesel for ship fuel. mixing, according to the biofuel executives.
Among the producers, Longyan Zhuoyue, agreed in January. with COSCO Shipping to utilize more biodiesel in marine fuel.
Business would also accelerate preparation and structure of. sustainable air travel fuel (SAF) plants, executives said. China. is expected to announce an SAF mandate before the end of 2024.
They have likewise been scouting for new biodiesel customers. outside the EU bloc, in Australia, Japan, South Korea and. Southeast Asia where there are regional mandates for the. alternative fuel, the officials added.
(source: Reuters)