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  • Reuters

    APPEC-Baker Hughes sees global required LNG capacity at 800 mln tonnes by 2030

    Oil and gas services giant Baker Hughes Co sees the need for global liquefied natural gas (LNG) capacity to rise to 800 million tonnes by 2030, more than double current capacity, its chairman said on Monday. Baker Hughes sees strong prospects for gas in the transition to cleaner energy, with LNG combined with carbon capture and storage helping to reduce the industry's carbon footprint. "We've taken up our estimate of the required installed base of LNG by 2030 up to 800 million tonnes," Chairman and Chief Executive Officer Lorenzo Simonelli said at the Platts APPEC 2021 conference.

  • Reuters

    Cryptocurrency exchanges rush to cut ties with Chinese users after fresh crackdown

    Cryptocurrency exchanges and providers of crypto services are scrambling to sever business ties with mainland Chinese clients, after Beijing last Friday issued a blanket ban on all crypto trading and mining. In a culmination of years of efforts to rein in the sector, 10 powerful Chinese government bodies including the central bank, said overseas exchanges were barred from providing services to mainland investors via the internet - a previously grey area - and vowed to jointly root out "illegal" cryptocurrency activities. Huobi Global and Binance, two of the world's largest exchanges and popular with Chinese users, have stopped new registrations of accounts by mainland customers.

  • Bloomberg

    China’s Power Crunch Is Next Shock After Evergrande

    (Bloomberg) -- China may be diving head first into a power supply shock that could hit Asia’s largest economy hard just as the Evergrande crisis sends shockwaves through its financial system. Most Read from BloombergHow Los Angeles Became the City of DingbatsSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesThe Rise of the Pandemic DashboardA Jewish Tradition Makes Room for Unconventional DesignBerlin Referendum Could Determine the Future of the City’s HousingThe crackdown on power