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Category: Energy

  • MIL-OSI United Kingdom: Viking CCS Pipeline development consent decision announced

    Source: United Kingdom – Executive Government & Departments

    Press release

    Viking CCS Pipeline development consent decision announced

    The Viking CCS Pipeline application has today been granted development consent by the Secretary of State for Energy Security and Net Zero.

    Viking CCS Pipeline

    The project comprises a new 55 km (approx.) onshore underground pipeline from the point of receipt of dense phase CO2 at Immingham, through its transportation to facilities at Theddlethorpe Gas Terminal, and transportation from TGT through the existing LOGGS pipeline to Mean Low Water Spring (MLWS). Associated infrastructure and ancillary works are anticipated including but not exclusive to required valves, inspection, monitoring, venting and handling facilities and temporary construction compounds, storage areas and access roads will also form part of the project. 

    The application was submitted to the Planning Inspectorate for consideration by Chrysaor Production (UK) Limited on 23 October 2023 and accepted for examination on 17 November 2023.  

    Following an examination during which the public, statutory consultees and interested parties were given the opportunity to give evidence to the Examining Authority, recommendations were made to the Secretary of State on 5 December 2024.   

    This is the 92nd energy application out of 155 applications examined to date and was again completed by the Planning Inspectorate within the statutory timescale laid down in the Planning Act 2008.   

    Local communities continue to be given the opportunity of being involved in the examination of projects that may affect them. Local people, the local authority and other interested parties were able to participate in this six-month examination.   

    The Examining Authority listened and gave full consideration to all local views and the evidence gathered during the examination before making its recommendation to the Secretary of State.  

    The decision, the recommendation made by the Examining Authority to the Secretary of State for Energy Security and Net Zero and the evidence considered by the Examining Authority in reaching its recommendation are publicly available on the project pages of the National Infrastructure Planning website.  

    Journalists wanting further information should contact the Planning Inspectorate Press Office, on 0303 444 5004 or 0303 444 5005 or email:   

    Press.office@planninginspectorate.gov.uk

    Updates to this page

    Published 9 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: America Can Recycle 90% of Wind Turbine Mass, According to New DOE Report

    Source: US Office of Energy Efficiency and Renewable Energy

    A new report from the U.S. Department of Energy (DOE) outlines recommendations that could increase the recycling and reuse of decommissioned wind energy equipment and materials. Among other findings, the research reveals that existing U.S. infrastructure could process 90% of the mass of decommissioned wind turbines. However, the remaining 10% will need new strategies and innovative recycling methods. This research will help guide over $20 million in funding previously announced from the Infrastructure Investment and Jobs Act to advance technologies that address this gap.
     “The U.S. already has the ability to recycle most wind turbine materials, so achieving a fully domestic wind energy industry is well within reach,” said Jeff Marootian, principal deputy assistant secretary for the Office of Energy Efficiency and Renewable Energy. “Innovation is key to closing the loop, and this research will help guide national strategies aimed at advancing technologies that can solve the remaining challenges and provide more affordable renewable energy options to the American people.”
    The Recycling Wind Energy Systems in the United States Part 1: Providing a Baseline for America’s Wind Energy Recycling Infrastructure for Wind Turbines and Systems report provides an assessment of research, development, and demonstration (RD&D) needs and gaps in existing wind energy-related supply chains to support the U.S. wind energy industry. 
    A team of researchers, led by the National Renewable Energy Laboratory with support from Oak Ridge National Laboratory and Sandia National Laboratories, developed the report. The first of a suite of reports, this part provides DOE’s Wind Energy Technologies Office (WETO) with short-, medium-, and long-term RD&D priorities along the life cycle of wind energy systems. 
    The effective reuse and recycling of wind system components, parts, and materials will rely on a combination of measures, including: 

    Improved end-of-life decommissioning collection and scrap sorting practices. 
    Strategic siting of recycling facilities. 
    Expanded and improved recovery and recycling infrastructure. 
    Substitution of hard-to-recycle and critical materials with more easily separable and affordable materials, improved component designs and manufacturing techniques, or the development of modular system components. 
    Optimized properties of recovered materials for second-life applications. 
    Greater access to wind energy waste streams and the equipment required to disassemble wind energy components. 

    Towers, foundations, and steel-based subcomponents in drivetrains offer the greatest potential currently to be successfully recycled, whereas blades, generators, and nacelle covers are likely to prove more difficult. Recovering critical materials and alloying elements from generators and power electronics, such as nickel, cobalt, and zinc, will be crucial in the reuse and recycling of wind systems. 
    Short-term strategies for decommissioning include promoting blade production using more easily recyclable thermoplastic resins and reusing these resins in cement production. Thermoplastic-based blade recycling technologies, such as pyrolysis and chemical dissolution, could be viable medium- and long-term options. Other medium- and long-term solutions include high-yield techniques for separating compounds found in power electronics and hybrid methods for recycling permanent magnets. 
    Regional factors—such as material demand, disposal fees, transportation distances, and an available skilled workforce—will play vital roles in ensuring the success and cost-competitiveness of recycling wind energy components. 

    Funding for Wind Turbine Recycling

    Research used to compile this report will be used to guide the development of the Wind Energy Recycling Research, Development, and Demonstration program funded by the Infrastructure Investment and Jobs Act. 
    DOE recently announced an investment of $20 million to improve the recycling of wind energy technologies. This effort, which focuses on wind turbine components, enabling wind turbine material recycling and reuse processes, and qualifying recycled and recyclable material, will help bolster the domestic supply chain. Applications are due on Feb. 11, 2025, at 5 p.m. ET.
    In September 2024, DOE also announced six final winners of the Wind Turbine Materials Recycling Prize. This $3.6 million competition expands domestic capabilities for the recycling and recovery of wind materials as teams use their winnings to bring their technologies closer to commercialization. 
    Research for the Recycling Wind Energy Systems in the United States Part 1: Providing a Baseline for America’s Wind Energy Recycling Infrastructure for Wind Turbines and Systems report drew from DOE’s Renewable Energy Materials Properties Database (REMPD), which catalogs the type, quantity, availability, and properties of materials worldwide needed to construct wind and solar energy technologies. Additional modeling and analysis identified technical, environmental, and economic potential and trade-offs related to recycling each of the wind energy components using a range of processes. The team also incorporated scenarios from the corresponding report on the REMPD database. 

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Castro Celebrates the Addition of Three Iconic Latino Music Recordings to the National Recording Registry

    Source: United States House of Representatives – Congressman Joaquin Castro (20th District of Texas)

    April 09, 2025

    WASHINGTON, D.C. — Today, Congressman Joaquin Castro (TX-20), Vice Chair of Diversity and Inclusion for the Congressional Hispanic Caucus and longtime advocate for Latino representation in media and entertainment, celebrates this morning’s announcement that the Library of Congress has selected three of his nominations for the National Recording Registry.

    This year, the Library of Congress will induct Vicente Fernández’s “El Rey,” Freddy Fender’s “Before the Next Teardrop Falls,” and the “Hamilton” album to the growing small percentage of Latino musicians currently represented in the registry.    

    “Today’s announcement represents the Library of Congress’ growing recognition that music by Latino musicians has shaped the soundtrack of American life,” said Congressman Castro. “Vicente Fernández’s cover of José Alfredo Jiménez’s “El Rey” is one of the most recognizable Mexican songs in the world that has touched many beyond the Mexican American community. Freddy Fender’s 1975 hit, “Before the Next Teardrop Falls” landed him the No.1 spot on the pop and country charts and underscored a true commitment to creating art no matter the obstacles in his path. And finally, the release of Hamilton ten years ago changed Broadway forever, shattered sales records, and uplifted the profound role of immigrants in the building of our great nation. I am proud to see that these three iconic recordings from iconic artists are rightfully taking their place as legends in American music history.”

    Background:

    During this year’s nomination process, the office of Congressman Joaquin Castro received hundreds of suggestions from the community. Congressman Castro personally curated a list of 30 nominations—ranging from albums of the 90s to Hamilton’s mixtape.

    Since it was established by Congress in 2000, the National Recording Registry has worked to preserve recordings with cultural, historic, or aesthetic significance to life in the United States. For the last nineteen years, the Library of Congress has selected 25 recordings for inclusion each year, with works by Latino musicians currently representing less than five percent of inducted titles.

    Over the last three years, as part of his long-running efforts to improve the recognition of Latino contributions to American history and culture, Congressman Castro has solicited public suggestions for congressional nominations to the National Recording Registry. In his first year of nominations, Congressman Castro received hundreds of public suggestions and submitted 33 titles to the Library of Congress for consideration. The following year, the National Recording Registry inducted two of his nominations – Irene Cara’s “Flashdance…What a Feeling” (1983) and Daddy Yankee’s “Gasolina” (2004), the latter of which made history as the first reggaeton song to be preserved in the registry.

    In 2023, Congressman Castro received more than 700 suggestions from members of the public and nominated titles by 35 performers – including Juan Gabriel and Héctor Lavoe – for inclusion in this year’s list of inductees.

    Later this year, Congressman Castro will launch a new call for suggestions to shape his nominations for additions to the National Recording Registry that are expected in 2026.

    MIL OSI USA News –

  • MIL-OSI USA: Trahan, Blumenthal Lead Bipartisan, Bicameral Legislation to Strengthen Research & Treatment Development for Brain Cancers

    Source: United States House of Representatives – Congresswoman Lori Trahan (D-MA-03)

    WASHINGTON, DC – Today, Congresswoman Lori Trahan (MA-03), a member of the House Energy and Commerce Committee’s Health Subcommittee, and U.S. Senator Richard Blumenthal (D-CT) reintroduced the Bolstering Research and Innovation Now (BRAIN) Act, bipartisan legislation to strengthen research and treatment development for brain tumors and to improve the accessibility of brain tumor health care. U.S. Senators Jack Reed (D-RI), John Barrasso (R-WY) and Mike Rounds (R-SD), as well as Representatives Kim Schrier (D-WA-08), Brian Fitzpatrick (R-PA-08) and John Joyce (R-PA-13) joined Trahan and Blumenthal in introducing the bicameral legislation.
    “Too many families across our communities have faced the devastating reality of a brain tumor diagnosis. With more than a million Americans currently battling malignant brain tumors, we must act with urgency and purpose,” said Congresswoman Trahan. “The bipartisan BRAIN Act will accelerate life-saving research, drive innovation in treatment, and expand support for survivors – offering hope to patients and their loved ones.”
    Today, more than one million people in the United States are living with a primary brain tumor. Another 94,000 more will likely be diagnosed in 2025, in addition to hundreds of thousands of Americans diagnosed with metastatic brain cancer. Despite major improvements made in the treatment of other cancers in recent years, incidence and survival rates for malignant brain tumors have remained stagnant for 45 years, with a five-year relative survival rate of only 35.7%.
    “Our son Will was a remarkable and driven young man—accomplishing so much, including earning two master’s degrees while undergoing treatment for a brain tumor,” said Arlene Gluck, a Concord, Massachusetts resident. “Sadly, there is still no cure for brain tumors. That’s why we’re thankful to Representative Lori Trahan for sponsoring the BRAIN Act, which supports innovative, collaborative research and enhanced survivorship care among its key initiatives. We remain hopeful that our advocacy will help bring meaningful change for those who face this devastating disease in the future.”
    “Our bipartisan, bicameral legislation promotes research and development for brain cancer treatment to help Americans suffering from this viscous form of cancer,” said Senator Blumenthal. “Stagnant incidence and survival rates that have persisted for decades make it all the more clear—we must redouble our efforts to defeat brain tumors once and for all.”
    “A brain tumor diagnosis is devastating news for too many American families, and the federal government needs to step up to help find a cure and better diagnostics and treatment. The BRAIN Act is about saving lives, changing lives, and improving health outcomes. It would help fast-track scientific discovery and breakthroughs by improving access to clinical trials for patients and advancing innovative new treatments. It would also make it easier for researchers to access biospecimens for new research on brain tumors and fund more clinical trials for the most aggressive, hard-to-treat brain tumors,” said Senator Reed. “This bipartisan bill would also establish new programs and research for brain tumor survivors to improve quality of life and ensure appropriate follow up care over the long term.”
    “After losing my wife, Bobbi, to glioblastoma, I know firsthand how tragic a brain tumor diagnosis can be for patients and their families. Raising awareness and supporting efforts to find a cure is a personal priority for me,” said Senator Barrasso. “I’m proud to join my colleagues in introducing this bipartisan, bicameral legislation to advance treatments and support research to find a cure for these deadly diagnoses.”
    “For me, the fight against cancer is personal. When my late wife Jean was courageously battling cancer a few years ago, we were already seeing encouraging progress in the development of new treatments for many cancers,” said Senator Rounds. “I firmly believe we are years, not decades, away from seeing cures to many of the most deadly cancers. The BRAIN Act will allow us to continue capitalizing on the progress we have made so far by implementing programs and funding that will advance research and treatments for brain tumors. I am glad to be joining a bipartisan group of my colleagues on this legislation.”
    “As a pediatrician, I know brain tumors are the leading cause of cancer related deaths in children. That’s why we need the BRAIN Act signed into law – to invest in brain cancer research, provide new treatment options and hope for families, and ensure transparency in this public health investment.” said Congresswoman Schrier, M.D. 
    “The BRAIN Act marks a major leap forward in the fight against brain tumors and rare cancers,” said Congressman Fitzpatrick. “For too long, patients and families have faced these devastating diagnoses with limited options. This bipartisan bill drives innovation, strengthens collaboration, and ensures greater transparency and support for those affected. By investing in research and accelerating progress, the BRAIN Act brings us closer to breakthroughs—and ultimately, a cure.”
    “Thousands of Americans are diagnosed with fatal brain tumors every year, yet there are very few treatments available,” said Congressman John Joyce, M.D. “Like so many throughout the country, I have experienced firsthand the pain these brain tumors can cause for families and patients alike, and as a physician, I understand how critical medical innovations are to give patients hope and to save American lives. I am proud to join the BRAIN Act, which will encourage further advancements in the treatment of cancerous brain tumors, giving hope to so many patients.”
    In order to reduce mortality rates and make meaningful progress against brain tumors, better-funded and collaborative research is needed. The BRAIN Act takes a comprehensive, complementary approach to meet this need and further advance research for these aggressive, hard-to-treat cancers.
    Specifically, the BRAIN Act:

    Increases transparency of federally-funded biobank collections so that researchers are aware of others who possess samples that might be shared to enable important research.
    Sufficiently resources the National Cancer Institute’s Glioblastoma Therapeutics Network, so that it can realize its promise of vetting treatments and completing innovative early-phase clinical trials. 
    Enables team science to advance immunotherapy research (CAR-T) engineered to attack brain cancer cells.
    Directs the Centers for Disease Control to conduct a public education campaign around the importance of clinical trials and biomarker testing in cancer treatment.
    Augments and expands funding to develop innovative systems of care models for brain tumor survivors.
    Directs FDA to issue guidance to ensure brain tumor and other rare and recalcitrant cancer patient access to clinical trials evaluating treatments for other diseases.

    “This is a landmark bill for the brain tumor community,” said David Arons, President & Chief Executive Officer of the National Brain Tumor Society. “As far as we know, the BRAIN Act represents the first piece of legislation introduced in Congress specifically designed to target policy solutions at the many barriers impeding progress for brain and other rare and difficult-to-treat cancers. We thank Senators Blumenthal, Barrasso, Reed, and Rounds, as well as Representatives Trahan, Fitzpatrick, Schrier, and Joyce, for realizing the major unmet needs of this community and championing policies that support brain tumor patients, survivors, families, and the research poised for breakthroughs ahead.”
    “In my 12-year career as a practicing neuro-oncologist and clinical researcher, I’ve seen first-hand the devastating toll that brain tumors take on patients and families,” said Nicholas Blondin, MD, Associate Professor of Neurology at Yale School of Medicine. “I’ve also witnessed transformative changes in the way we treat other cancers, such as breast cancer, lung cancer and melanoma. Unfortunately, we have not experienced the same level of progress in the tools and treatment options for patients with malignant brain tumors. More concerted policies to adequately fund cutting-edge research, paired with initiatives to raise awareness about the advances that are currently happening in diagnostics and clinical trials, are essential. New models for addressing the challenges patients face in their brain tumor journey will greatly benefit efforts in the field of neuro-oncology to catch up to the progress we have seen in treating other cancers.”
    A section by section for the BRAIN Act is available HERE and a one-page summary of the bill is available HERE.
    ###

    MIL OSI USA News –

  • MIL-OSI USA: Angola exported more liquefied natural gas to Europe and less to Asia in 2022 and 2023

    Source: US Energy Information Administration

    In-brief analysis

    April 9, 2025

    Angola exported more liquefied natural gas (LNG) to Europe and less to Asia in 2022 and 2023, according to estimates from the Statistical Review of World Energy, when Europe increased LNG imports to offset reduced natural gas imports by pipeline from Russia following the outbreak of the Russia-Ukraine war.

    Prior to 2022, most of Angola’s LNG exports went to the Asia-Pacific region, primarily India. In 2023, however, Europe received 75% of Angola’s total 175 billion cubic feet (Bcf) of LNG exports; France and the United Kingdom were the largest recipients in Europe, taking about 32 Bcf and 28 Bcf, respectively, in 2023. The Asia-Pacific region received the remaining 25%, with India receiving the most at about 35 Bcf for the year.

    Most of the natural gas produced in Angola is associated gas produced at its offshore oil fields. However, a substantial amount of that natural gas is flared as a byproduct of oil operations or is reinjected into oil fields to increase oil recovery. Angola does not import any natural gas because it produces enough natural gas to meet domestic demand. The natural gas that Angola does not consume or flare domestically is exported in the form of LNG.

    Angola LNG Limited (ALNG) owns and operates Angola’s sole LNG export terminal in Soyo, which has a liquefaction capacity of 250 Bcf per year. The LNG facility produced its first cargo of LNG in 2013, but it subsequently shut down as a result of technical failures and did not restart operations until 2016. The LNG facility uses associated gas produced at Angola’s offshore fields as feedstock, and ALNG also plans to draw additional supplies from non-associated gas projects. One such project is the Northern Gas Complex, where operator Eni plans to begin production from the Quiluma and Maboquerio fields in 2026.

    The Northern Gas Complex is Angola’s first non-associated gas project, and Eni aims to develop two offshore platforms, an onshore natural gas-processing plant, and pipelines to transport natural gas from the two fields to the Angola LNG terminal in Soyo. The Northern Gas Complex is expected to reach peak production of about 141 Bcf per year.

    For more on Angola’s energy sector, please see the latest version of the Country Analysis Brief: Angola.

    Principal contributor: Eric Han

    MIL OSI USA News –

  • MIL-OSI: Gevo and Future Energy Global Sign SAF Scope 1 and Scope 3 Voluntary Carbon Credit Offtake Agreement to Accelerate Book-and-Claim Market

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., April 09, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) and Future Energy Global (FEG) are pleased to announce that they have signed a pioneering offtake agreement for carbon abatement attributes, to enable airlines and other companies to reduce their CO2 emissions through Sustainable Aviation Fuel (SAF). Under the multi-year agreement, FEG will acquire from Gevo the Scope 1 and Scope 3 emissions credits from 10 million gallons per year of fuel to be produced at Gevo’s alcohol-to-jet (ATJ) SAF production facility, Gevo ATJ-60, to meet demand from FEG customers, both airlines and corporates, seeking to decarbonize their operations. The agreement also includes an option for FEG to increase the off-take at a later date.

    This agreement is expected to enable Gevo’s financing of the construction of its ATJ-60 facility. Gevo has secured a loan guarantee conditional commitment of $1.63 billion (including capitalized interest during construction) from the U.S. Department of Energy (DOE) Loan Programs Office (LPO) and is originating equity from project level capital providers. Under development in Lake Preston, South Dakota, ATJ-60 is designed to address the market need for cost-effective jet fuel while abating carbon and to respond to growing worldwide demand for SAF. Gevo’s proprietary plant design is expected to be able to produce 60 million gallons of SAF per year at similar production costs to conventional jet fuel, but with far lower carbon emissions.

    The aviation industry has targeted net-zero CO2 emissions by 2050, and SAF is expected to contribute around two thirds of the necessary emissions reduction, but to achieve this, its production quantities need to scale more than 400-fold. SAF is not yet available at all major airports worldwide so FEG provides SAF-derived Scope 1 credits to airlines who wish to buy additional SAF but who cannot easily source the physical fuel at their own airports. Similarly, when companies purchase and retire SAF-derived Scope 3 credits to compensate for their business travel emissions, they mitigate the added cost of SAF to airlines and thus enable the faster scale-up of SAF production.

    The Greenhouse Gas Protocol defines different “scopes” of responsibility for emissions. The emissions from a flight fall under an airline’s direct responsibility (i.e., Scope 1), but a company with staff flying for business on that flight is responsible for its staff’s share of the flight’s emissions (i.e., Scope 3 or indirect emissions). Separating the Scope 1 and Scope 3 attributes from the physical fuel, an approach known as “Book and Claim,” reduces fuel transportation and storage costs and carbon emissions, and unlocks a global SAF market both for airlines and for indirect aviation fuel customers around the world who are seeking to mitigate their emissions.

    “Gevo has always planned to leverage SAF market economics to scale our business, and a Book and Claim market that enables the trading of SAF environmental attributes can accelerate SAF production even faster,” says Dr. Patrick R. Gruber, CEO of Gevo. “Future Energy Global is building just such a market, spanning corporate customers, airlines, and aircraft lessors. Aircraft lessors own about half of all commercial aircraft worldwide, and Book and Claim is a critical enabler to allow them and their airline customers to adopt SAF faster.”

    “FEG’s collaboration with Gevo strongly enhances the portfolio of Book and Claim solutions we can offer our airlines, our lessors and our corporate customers,” says Natasha Mann, CEO and Co-Founder of FEG. “It’s crucial to scale SAF production, and our business model lets us unlock the capital to do so. We’re impressed with Gevo’s pipeline, which combines technology ready for today’s market and additional technologies far along in development that could increase production efficiency and accelerate the trajectory of SAF scaling.”

    FEG’s unique business model brings together investors, suppliers, and buyers to help accelerate and scale SAF production globally. FEG generates additional revenue streams by commercializing the carbon credits which SAF provides, enhancing the business case for faster production scale-up. FEG’s offtake agreement with Gevo is expected to fulfill a market need by giving buyers access to SAF credits at predictable prices, while providing financial commitments and revenue certainty that are expected to allow suppliers like Gevo to expand. FEG’s initial focus has been on aviation, though its sustainable-fuel credit solutions span the transport spectrum, including marine and land transport.

    About Gevo
    Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including SAF, motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. We also operate an ethanol plant with an adjacent carbon capture and sequestration (“CCS”) facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty ATJ fuels and chemicals. Gevo’s market-driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

    For more information, see www.gevo.com.

    About Future Energy Global
    Future Energy Global, headquartered in Dublin, Ireland and with staff in Europe and North America, is a pioneering SAF market accelerator.

    Through its innovative SAF pre-purchasing ecosystem, Future Energy Global accelerates the flow of capital into the SAF industry, operating at the intersection of investors, suppliers, and buyers, and bringing benefits to all parties, and ultimately also to the environment. FEG’s activities are guided by three core values: visionary independence, collaborative energy and sustainable ethos.

    FEG’s initial focus has been on aviation, though our sustainable-fuel credit solutions span the transport spectrum, including marine and land transport.

    Future Energy Global is backed by Aviation Partners, the world leader in advanced winglet technology which has already saved more than 140 million tons of aviation CO2 emissions.

    For more information, see fe.global

    About Book and Claim
    Book and Claim is a well-established structure for accounting for environmental attributes and has been in use for many years in markets such as renewable electricity generation, where individual electrons cannot be tracked through the grid. Book and Claim systems overcome this challenge by allowing renewable electricity providers to “book” the electricity they supply to the grid, while customers can “claim” the renewable electricity they have bought, whether or not they physically receive the renewable electrons. Book and Claim systems, whether in renewable electricity or in SAF, rely on robust tracking and accounting procedures to ensure that environmental credits are counted only once.

    Forward Looking Statements
    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, Future Energy Global and its business system, Gevo’s ATJ-60 project and the financing thereof, the markets for SAF and associated environmental attributes, and other statements that are not purely statements of historical fact. These forward-looking statements are made based on the current beliefs, expectations, and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2024 and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

    Media Contact
    Heather L. Manuel
    VP, Stakeholder Engagement & Partnerships
    PR@gevo.com

    IR Contact
    Eric Frey
    VP, Corporate Development
    IR@Gevo.com

    The MIL Network –

  • MIL-OSI: Fusion Fuel Signs Non-Binding Letter of Intent to Acquire British Fuel Distribution Company

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ireland, April 09, 2025 (GLOBE NEWSWIRE) — via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering and advisory solutions, today announced that it has signed a non-binding letter of intent (“LOI”) to acquire 100% of a privately held British fuel distribution company (the “Target”).

    In the proposed acquisition, the Company will purchase 100% of the outstanding shares of the Target from its shareholders for total consideration valued at £50 million, consisting of £25 million in cash funded through debt financing, £2 million in cash financed from a capital raise, £8 million in the Company’s shares subject to a make-whole agreement, and two additional payments of £7.5 million cash each within nine months and 18 months from the closing.

    The Target reported over $50 million in revenue and $4 million in net income for the year ending in 2023 and delivered strong growth in 2024, generating over $54 million in revenue and $7 million in net income. The transaction, if consummated, would mark a significant expansion of Fusion Fuel’s presence in the energy distribution sector, aligning with the Company’s broader strategic objectives.

    John-Paul Backwell, Chief Executive Officer of Fusion Fuel, commented: “This proposed transaction reflects our progress in executing our growth strategy, which began with our acquisition of Quality Industrial Corp. late last year. Our short-term priority is to build a synergistic portfolio of profitable and cash-generating businesses across the energy value chain. In addition to significantly increased revenues and profitability, acquiring this United Kingdom-based fuel distribution company would enable us to expand our footprint in the energy distribution space while also broadening our geographic presence into a key new market.”

    The LOI is non-binding, and consummation of the transaction remains subject to further due diligence, the negotiation of definitive agreements, and the satisfaction of customary closing conditions, including regulatory approvals. The Company expects to provide further updates as discussions progress.

    About Fusion Fuel Green PLC

    Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its Al Shola Gas and BrightHy brands. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.

    Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu and following us on LinkedIn.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, including but not limited the ability of the investment reported on to be consummated as anticipated. Such forward-looking statements are subject to risks and uncertainties, including without limitation, the Company’s ability to enter into a definitive share purchase agreement with the shareholders of the Target, the ability of the parties to complete their due diligence and all other closing conditions, the Company’s ability to complete the proposed acquisition and integrate the Target’s business, obtain all necessary regulatory and other consents and approvals in connection with the transaction, andthose set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission on April 30, 2024, which could cause actual results to differ from the forward-looking statements.

    Investor Relations Contact

    ir@fusion-fuel.eu

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network –

  • MIL-OSI: NANO Nuclear Announces Sponsorship and Executive Speaking Engagements at the Upcoming Innovation Zero World Congress 2025 on April 29-30th in London

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., April 09, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced its sponsorship of the Innovation Zero World Congress 2025, to be held on April 29th and 30th, 2025 at Olympia London, UK.

    NANO Nuclear Chief Executive Officer, James Walker, will deliver a presentation titled “Finding Opportunities in the Resurgent Nuclear Energy Industry” on April 30th at 11:05 a.m., London time, followed by his participation in the panel discussion “Fixing Fission: Green Taxonomies and Red Tape in Nuclear” at 11:35 a.m., London time, the same day.

    Supported by the U.K. Government, the Innovation Zero World Congress 2025 provides a space and opportunity for collaboration and overcoming obstacles to drive large-scale, impactful progress towards global emissions reduction. Approximately 10,000 attendees are expected to arrive at Olympia London, providing an excellent platform for networking, investment exploration, and knowledge sharing. With over 250 sessions taking place across 13 dedicated forums, Innovation Zero is an essential meeting place for anyone looking to keep up with the latest trends, investment opportunities, and announcements.

    Figure 1 – NANO Nuclear Energy Inc. Sponsors Innovation Zero World Congress, held on April 29th– 30th, 2025 at Olympia London, UK.

    “NANO Nuclear is off to a strong start to 2025, and this year’s Innovation Zero conference is an ideal platform to share our recent progress and upcoming plans with stakeholders and fellow clean-tech industry leaders,” said Jay Yu, Founder and Chairman of NANO Nuclear. “Our UK-based technical team, responsible for advancing our proprietary ODIN™ microreactor technology, will also attend, and I anticipate this event will provide valuable insights and meaningful interactions for everyone involved.”

    “We’re delighted to be heading back to London for this year’s Innovation Zero conference,” said James Walker, Chief Executive Officer of NANO Nuclear. “We view this event as a key part of our global growth conference schedule. It brings together many experts in carbon-neutral energy technologies and I’m looking forward to an insightful and productive gathering.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy X PLATFORM

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statement relate to the anticipated benefits to NANO Nuclear of its attendance at the Innovation Zero World Congress 2025. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: Ormat Technologies, Inc. to Host Conference Call Announcing First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., April 09, 2025 (GLOBE NEWSWIRE) — Ormat Technologies Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced that it plans to publish its first quarter financial results in a press release that will be issued on Wednesday, May 7, 2025, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 09:00 a.m. ET on Thursday, May 8, 2025.

    Participants within the United States and Canada, please dial 1-800-715-9871, approximately 15 minutes prior to the scheduled start of the call. If you are calling from outside the United States or Canada, please dial +1-646-960-0440. The access code for the call is 3818407. Please request the “Ormat Technologies, Inc. call” when prompted by the conference call operator. The conference call will also be accompanied by a live webcast on the Investor Relations section of the Company’s website.

    A replay will be available one hour after the end of the conference call. To access the replay within the United States and Canada, please dial 1-800-770-2030. From outside of the United States and Canada, please dial +1-647-362-9199. Please use the replay access code 3818407. The webcast will also be archived on the Investor Relations section of the Company’s website.

    ABOUT ORMAT TECHNOLOGIES

    With six decades of experience, Ormat Technologies, Inc. is a leading geothermal company, and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400 MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1,538MW with a 1,248MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 290MW energy storage portfolio that is located in the U.S.

    Ormat Technologies Contact:
    Smadar Lavi
    VP, Head of IR and ESG Planning & Reporting
    775-356-9029 (ext. 65726)
    slavi@ormat.com    		 Investor Relations Agency Contact:
    Joseph Caminiti or Josh Carroll
    Alpha IR Group
    312-445-2870
    ORA@alpha-ir.com

    The MIL Network –

  • MIL-OSI: Enphase Energy Expands in Europe with IQ Battery 5P with FlexPhase, Delivering Three-Phase Backup Power in Poland

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., April 09, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced the launch of its most powerful and versatile battery yet, the IQ® Battery 5P with FlexPhase, for customers in Poland. The IQ Battery 5P with FlexPhase is an all-in-one AC-coupled system that delivers reliable backup power and supports both single-phase and three-phase applications, providing superior flexibility to meet diverse home energy needs. Enphase recently launched the FlexPhase battery in Germany, Austria, Switzerland, and Luxembourg.

    The IQ Battery 5P starts at 5 kWh of capacity and multiple units can be configured to provide up to 70 kWh. Each 5 kWh battery is designed to deliver continuous power of up to 3.68 kW in single-phase configuration and 1.28 kW per phase in three-phase configuration. The new batteries can be configured to meet the needs of each homeowner, offering grid-tied support or backup power. The batteries are designed to discharge up to two times the maximum continuous power for three seconds, enabling the start-up of high-power devices without the grid when paired with the IQ® System Controller 3 INT. The IQ Battery 5P with FlexPhase comes with an industry-leading 15-year warranty in Poland.

    “We’re thrilled to bring Polish homeowners the IQ Battery 5P with FlexPhase,” said Szymon Konieczka, CEO of BTI Solar, an installer of Enphase products in Poland. “What sets this technology apart is its adaptability – the battery’s scalable architecture accommodates both single-phase and three-phase systems, letting us customize backup solutions for each home. Enphase continues to be an industry leader with innovations like this.”

    “The IQ Battery 5P with FlexPhase is a game-changer for our customers,” said Tomasz Noga, owner of iPowerInstall, an installer of Enphase products in Poland. “The ability to scale from a single 5 kWh unit to multiple units providing up to 70 kWh, while delivering robust backup power, makes it ideal for homes with varying energy needs.”

    “It’s a great time to introduce the IQ Battery 5P with FlexPhase to our customers in Poland,” said Radosław Koczwara, owner of Roka Energy, an installer of Enphase products in Poland. “With its flexible design, the IQ Battery 5P is one of the most versatile and reliable battery systems that we offer homeowners.”

    “We’re excited to bring the IQ Battery 5P with FlexPhase to Poland as demand for home energy storage continues to accelerate,” said Sabbas Daniel, senior vice president of sales at Enphase Energy. “With its compatibility for both single-phase and three-phase systems, the IQ Battery 5P is ideally suited for retrofitting the country’s large base of existing solar homes. As the market shifts toward requiring batteries, we’re proud to offer a flexible, reliable solution that helps homeowners get more value from their solar investments.”

    For more information about the IQ Battery 5P with FlexPhase in Poland, please visit the Enphase website.

    About Enphase Energy, Inc.

    Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power — and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 80.0 million microinverters, and approximately 4.7 million Enphase-based systems have been deployed in more than 160 countries. For more information, visit https://enphase.com/.

    ©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. in the U.S. and other countries. Other names are for informational purposes and may be trademarks of their respective owners.

    Forward-Looking Statements

    This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability; and statements regarding the timing and availability of Enphase Energy’s products in Poland. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

    Contact:

    Enphase Energy

    press@enphaseenergy.com

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: Energy Industry Veteran Gregory J. Goff Releases Letter to Fellow Phillips 66 Shareholders

    Source: GlobeNewswire (MIL-OSI)

    Breakdown in board governance enabled the pursuit of a strategy that has not delivered for shareholders

    Goff supports Elliott’s engagement with Phillips 66 to maximize long-term value for all shareholders

    Elliott’s nominees will provide an infusion of independence and expertise in the Phillips 66 boardroom and ensure management is held to account

    SAN ANTONIO, April 09, 2025 (GLOBE NEWSWIRE) — Gregory J. Goff, a 40-year energy industry veteran and shareholder of Phillips 66 (NYSE: PSX), today released the following letter to his fellow Phillips 66 shareholders:

    Dear Fellow Phillips 66 Shareholders,

    I have made a $10 million investment in Phillips 66 because I am confident that with the right leadership, operating priorities and strategic focus, Phillips 66 can be a much stronger company — offering greater opportunities to its employees and significantly more value to its shareholders. I believe the slate of directors put forward by Elliott Investment Management can help the company unlock that potential.

    During my nearly 30 years at ConocoPhillips, the predecessor company to Phillips 66, I developed an appreciation for the quality of the company’s assets and, more importantly, its people. However, it is my view that Phillips 66 has lost its way. I firmly believe the company can restore its prior stature as a leader in the energy industry, but only if it makes the kinds of operational and strategic changes that are urgently needed.

    I have been disappointed by what I see as a breakdown in effective corporate governance at Phillips 66. I know from experience how critical it is for a company to have a strong Board — possessing both the independence and the expertise to question management’s assumptions about the business and consider the long-term implications of every decision. I don’t see evidence of that kind of culture today on the Phillips 66 Board.

    For example, Phillips 66 has been pursuing a strategy for many years that emphasizes and grows midstream assets alongside its refining business, despite evidence that this structure isn’t delivering value for shareholders relative to the company’s more streamlined peers. A stronger Board would have questioned why these disparate businesses – which trade at different multiples, trapping shareholder value and diluting management focus – belong together. And it wouldn’t require outside pressure to initiate a review of alternatives that could unlock that value and create the focus required to improve operations.

    For these reasons, I am supporting Elliott Investment Management in its engagement with Phillips 66. I believe Elliott’s nominees to the Board — some of whom I know personally from my time at ConocoPhillips — have the potential to instill a new culture in the Phillips 66 boardroom. They would bring much-needed experience and, just as important, a mindset that approaches each critical decision by asking the question, “What’s going to create the most long-term value?”

    I am motivated in part by the fact that Phillips 66 counts among its investors a large number of retail shareholders. These retirees, employees and other individual holders of Phillips 66 stock are counting on their investment to help them meet their financial goals. They deserve a Board that is fully committed to maximizing value on their behalf — one that works tirelessly to hold management accountable.

    To be clear, given my other commitments, I am not seeking a formal role with the company. However, I am committed to helping Phillips 66 reach its full potential, and I would be open to supporting the company, should the Board see fit. I am choosing to devote my time and energy to this effort because I believe Phillips 66 is not only a strong investment, but also a company where my support for Elliott’s campaign can make a difference for employees and investors alike.

    Sincerely,
    Gregory J. Goff

    About Gregory J. Goff

    Gregory J. Goff is an accomplished industry veteran with a 40+ year track record of successfully managing and growing energy and energy-related businesses. He has significant experience in the areas of refining, marketing & logistics, trading, and exploration & production.

    Mr. Goff was previously Chairman, President, and CEO of Andeavor (formerly known as Tesoro) from 2010 until its strategic combination with Marathon Petroleum in 2018. At Andeavor, Mr. Goff spearheaded a successful financial and operational transformation. Prior to joining Andeavor, Mr. Goff had a nearly 30-year career with ConocoPhillips, where he held various leadership positions in Exploration & Production, International Downstream, and Global Commercial Operations. Mr. Goff currently serves as CEO of Claire Technologies, Inc., a technology company providing low-carbon solutions to decarbonize the energy and transportation sectors.

    Mr. Goff is currently a member of the board of directors of Avient (formerly PolyOne Corporation), and XEnergy, a private American nuclear reactor and fuel design engineering company. Additionally, he is the Founder of the Goff Strategic Leadership Institute at the University of Utah.

    Media Contact:

    Dan Gagnier
    Gagnier Communications
    (646) 569-5897
    dg@gagnierfc.com

    The MIL Network –

  • MIL-OSI USA: Chairman Guthrie, First Lady Melania Trump, Chairman Bilirakis Join Advocates in Celebrating Committee Passage of TAKE IT DOWN Act

    Source: United States House of Representatives – Representative Gus Bilirakis (FL-12)

    WASHINGTON, D.C. – Today, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, along with advocates for the TAKE IT DOWN Act, issued the following statements of support after the bill was reported out of Committee by a vote of 49 to 1.

    “No man, woman, or child should be subjected to the spread of explicit AI images meant to target and harass innocent victims. I am so thankful for our outstanding advocates and legislators who have worked hard to raise awareness and build a strong coalition to support this bipartisan bill,”said Chairman Guthrie. “Today, the Committee on Energy and Commerce advanced the bill to the full House of Representatives, where I look forward to, once again, voting in favor of the TAKE IT DOWN Act, so that we can send it to the President’s desk for signature.”

    “I remain dedicated to championing child well-being, ensuring that every young person can thrive and ‘Be Best.’ Thank you to the House Energy & Commerce Committee for advancing the TAKE IT DOWN Act. This marks a significant step in our bipartisan efforts to safeguard our children from online threats,” said First Lady Melania Trump. “I urge Congress to swiftly pass this important legislation. Together, we can create a safer, brighter future for all Americans!”

    “I am glad we are one step closer to protecting victims of online sexual exploitation. Giving victims rights to flag non-consensual images and requiring social media companies to remove that content quickly is a pivotal and necessary change to the online landscape,” said Congressman Gus Bilirakis (FL-12), Chairman of the Subcommittee on Commerce, Manufacturing, and Trade. “And by ensuring that AI-generated deep-fake content is included in these protections, Congress is showing its commitment to fighting 21st Century harms that are plaguing our children and grandchildren.”

    “In February, our family mourned the loss of our loving son and brother, Elijah Heacock, after he fell victim to an extortion scheme on the internet,” said Shannon Cronister-Heacock, mother of Elijah Heacock. “We are grateful for the support of Chairman Guthrie and the House Committee on Energy and Commerce for passing the TAKE IT DOWN Act today to ensure that no parent, sibling, or loved one experiences a similar tragedy in the future. This bill honors Elijah’s life, and we are appreciative of Congress’ actions to protect children online and save lives.”

    “I was only fourteen years old when one of my classmates created deepfake, AI nudes of me and distributed them on social media. I was shocked, violated, and felt unsafe going to school. Thankfully, I was able to work with Senator Ted Cruz’s office to write the TAKE IT DOWN Act — and today is an important milestone towards that bill becoming law, so that no other girl has to go through what I went through without legal protections in place,”said Elliston Berry, survivor and advocate. “Thank you to Chairman Guthrie for prioritizing the TAKE IT DOWN Act for committee passage.”

    “At 14, for almost two years, I stood alone, advocating for AI deep fake laws to protect us after my school’s inaction and lack of accountability insulted my self-respect. This journey is dedicated to every woman and teenager who was told to stay silent and move on. It is also a testament to the courageous bipartisan leaders who stood beside me, proving that change is possible. Today, we celebrate a critical step towards the passage of the TAKE IT DOWN Act into federal law,”said Francesca Mani, AI victim turned advocate & TIME100 AI Most Influential Person.“A heartfelt thank you to Chairman Guthrie for standing with us and making swift committee passage possible. We are no longer alone.”

    “Today, we celebrate an important victory with House committee passage of the TAKE IT DOWN Act, a federal safeguard against non-consensual AI-generated intimate images,”said Dorota Mani, an educator, advocate, and mother. “This important legislation, which is now well on its way to the President’s desk, staunchly defends our women and children while preserving every American’s dignity and rights.”

    “Survivors—both minors and adults—deserve protection and justice. Every survivor should be able to report their abuse to law enforcement, have their abuse content removed fully and abusers should be found and held appropriately accountable. Image-based sexual abuse is sexual assault facilitated online. You cannot accidentally sexual assault someone offline and the same should be true for the online. The harms of all forms of image-based sexual abuse—including deepfake abuse—quickly follow that victim home, to school, to work and anywhere they try to exist after such a profound and public trauma,”said Andrea Powell, Co-Founder and Chief of Impact, Alecto AI. “Alecto AI supports the TAKE IT DOWN Act because we believe that in its passage, we will be getting closer to a world where young women and girls don’t have worry that being online means being targets of sexual violence. All survivors deserve protection and justice.” 

    MIL OSI USA News –

  • MIL-OSI Global: How windfalls from commodity price booms come back to bite exporters

    Source: The Conversation – UK – By Lotanna Emediegwu, Senior Lecturer in Economics, Manchester Metropolitan University

    Zhengzaishuru/Shutterstock

    When the wholesale prices of essential goods like food or oil suddenly rise, it can cause deep shifts in the economy that upend trade balances and hike inflation rates. This is known as a commodity price boom.

    The outbreak of war in Ukraine in February 2022 spurred European and US sanctions on Russian oil companies which restricted global oil supply. The ensuing shock hiked energy prices in the international market and meant that the price of Brent crude, a global benchmark for oil prices, reached US$122 (£95) a barrel on March 21 that year, its highest level since 2015.

    Price inflation has forced households in importing nations like the UK to pay a premium to fill up cars. It has also raised food prices, as the cost of shipping food to supermarkets and restaurants has increased, as well as utility bills.

    Meanwhile resource-rich exporter nations can make a killing and choose to use the additional revenue to subsidise energy for consumers, issue rebates, or increase funding for public services. Less evident, but no less significant however, are the environmental consequences of these booms.

    A study I published with colleagues showed that democratic nations in oil-rich regions, such as sub-Saharan Africa, are especially prone to increasing pollution when the oil price suddenly soars. This phenomenon stems from the need to ramp up production quickly, to capitalise on fleeting price hikes, which economies with less democratic oversight are able to bypass.

    These (ostensibly) democratic economies appear most attentive to market signals, and in their unbridled rush for quick economic gain, typically raise pollution as they extract and sell more. This is especially true with oil extraction, which produces pollutants linked to cancer.

    We investigated global commodity price booms using the commodity windfall index. This is a collection of prices that market analysts collate to track changes and detect booms as they develop. We measured the effect of price booms on the environment by analysing how air pollution changed in producer countries when the prices of commodities in the index changed.

    The index covers 40 commodities across energy, metals, food and beverages, and agricultural raw materials such as wheat. One is particularly damaging to the environment: oil production.

    The top five oil producers as of 2023 (the most recent year for which data exists) are developed nations: the US (22%), Saudi Arabia (11%), Russia (11%), Canada (6%), and China (5%). As global exporters, all benefit from windfalls caused by oil price spikes.

    Increasing commodity prices justify more intense exploration for new reserves. In the case of oil exploration, this involves seismic surveys, drilling and the use of heavy machinery which consumes lots of fossil energy and releases greenhouse gases like CO₂.

    Oil price surges could make democracies less green

    Among oil-producing and exporting economies, democratic nations are more likely to experience increased pollution during commodity windfalls, compared with autocratic regimes. We characterised democracies by the presence of competitive political participation and regular free and fair elections, among other qualities.

    This is because democratic nations are particularly prone to ramping up resource extraction during price booms. Political pressures drive this tendency, as governments seek to fund popular initiatives or bolster public services before elections. For example, in the US during the 2008 oil price spike, president George W. Bush advocated for increased domestic oil drilling and natural gas extraction with an aim to reduce energy prices and create jobs.

    Autocratic regimes might appear less urgent to exploit commodity windfalls. There are, after all, fewer electoral or public accountability considerations. However, one-party state China’s position as the world’s largest polluter is primarily due to its manufacturing base, not raw material extraction.

    The environmental consequences of commodity booms are a global issue that requires cooperation to solve.

    Developing regions like sub-Saharan Africa and the Caribbean will struggle to reduce emissions from extractive activities, as much economic growth here depends on it. The US$300 billion (£235 billion) annual climate funding pledge for developing countries, agreed at the most recent UN climate summit in Azerbaijan, is not enough to finance the creation of new industries.

    Advanced economies, which bear historical responsibility for the majority of global emissions, must take the lead in addressing this imbalance. This involves both reducing their emissions and providing substantial financial and technical support to resource-dependent nations. A failure to do so would perpetuate global inequalities, as developing nations are asked to sacrifice economic growth for environmental goals while industrialised countries continue to expand their economies.

    The challenge, then, is not just in managing the financial rewards of commodity booms, but in ensuring they do not come at an unsustainable environmental cost.

    Lotanna Emediegwu does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. How windfalls from commodity price booms come back to bite exporters – https://theconversation.com/how-windfalls-from-commodity-price-booms-come-back-to-bite-exporters-244878

    MIL OSI – Global Reports –

  • MIL-OSI: APA Corporation Provides First-Quarter 2025 Supplemental Information and Schedules Results Conference Call for May 8 at 10 a.m. Central Time

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, April 09, 2025 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain first-quarter 2025 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the first-quarter 2025. It is provided to assist investors, analysts and others in formulating their own estimates, and is not intended to be a comprehensive presentation of all factors that will affect first-quarter 2025 results. Actual results and the impact of factors identified here may vary depending on the impact of other factors not identified here and are subject to finalization of the financial reporting process for first-quarter 2025.

    Estimated Average Realized Prices – 1Q25
      Oil (bbl) NGL (bbl) Natural Gas (Mcf)
    United States $72.40 $28.00 $2.00
    International $75.10 $51.00 $4.15
    Egypt tax barrels: 32 – 33 MBoe/d
    Realized gain on commodity derivatives (before tax): $0 million
    Dry hole costs (before tax): $12 million
    Net gain on oil and gas purchases and sales (before tax): $120 million
    General and administrative expense: $115 million


    Production update

    APA curtailed approximately 8 MMcf/d of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in the first quarter in response to weak or negative Waha hub prices. First-quarter 2025 guidance issued in February did not contemplate any curtailments.

    Weighted-average shares outstanding

    The estimated weighted-average basic common shares for the first quarter is 364 million, compared with a weighted average of 369 million shares in the fourth-quarter 2024. APA repurchased 4.4 million shares at an average price of $22.87 per share during the first quarter. 

    First-quarter 2025 earnings call

    APA will host a conference call to discuss its first-quarter 2025 results at 10 a.m. Central time, Thursday, May 8. The conference call will be webcast from APA’s website at www.apacorp.com and investor.apacorp.com. Following the conference call, a replay will be available for one year on the “Investors” page of the company’s website.

    About APA

    APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com.

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “continues,” “could,” “estimates,” “expects,” “goals,” “guidance,” “may,” “might,” “outlook,” “possibly,” “potential,” “projects,” “prospects,” “should,” “will,” “would,” and similar references to future periods, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for operations, including statements about our capital plans, drilling plans, production expectations, asset sales, and monetizations. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See “Risk Factors” in APA’s Form 10-K for the year ended December 31, 2024, and in our quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. APA and its subsidiaries undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.

    Contacts

    Investor: (281) 302-2286        
    Media: (713) 296-7276        
    Website: www.apacorp.com

    APA-F

    The MIL Network –

  • MIL-OSI Asia-Pac: HK hosts APEC energy meeting

    Source: Hong Kong Information Services

    The Joint Meeting of Four Expert Groups of the Asia-Pacific Economic Cooperation (APEC) Energy Working Group (EWG) and two associated events are being held in Hong Kong for the first time this week in a schedule running from yesterday until Friday.

    Secretary for Environment & Ecology Tse Chin-wan and Director of Electrical & Mechanical Services Poon Kwok-ying spoke at today’s session.

    The joint meeting covers energy data and analysis, energy efficiency and conservation, new and renewable energy technologies, and clean fossil energy.

    The meeting is being held in conjunction with the APEC Workshop on Promoting Energy Efficiency Enhancement in Electricity Generation and the 8th Oil & Gas Security Network Forum.

    Mr Tse highlighted in the meeting that APEC economies consume approximately 60% of the world’s energy, and that energy demand and carbon emissions in the region will continue to rise as the member economies pursue rapid and ongoing economic growth and urbanisation.

    This makes it crucial to accelerate the transition to green energy, mitigate climate change risks and ensure energy security and sustainable economic development, he added.

    The environment chief also outlined that Hong Kong is striving to achieve carbon neutrality before 2050, and will cease using coal for electricity generation by 2035.

    He said that the city is actively implementing decarbonisation measures. This includes planning infrastructure to import more zero-carbon electricity from neighbouring regions, enhancing energy efficiency in buildings, developing green transportation and promoting hydrogen energy development.

    Mr Poon spoke about Hong Kong’s energy developments and stressed the importance of maintaining dialogue among APEC members to meet the challenges of climate change.

    MIL OSI Asia Pacific News –

  • MIL-OSI NGOs: Coalition’s rubbery gas numbers can’t conceal disastrous energy plan

    Source: Greenpeace Statement –

    SYDNEY, Wednesday 9 April 2025 – In response to the Coalition’s newly released gas policy modelling, Joe Rafalowicz, Head of Climate and Energy at Greenpeace Australia Pacific, said: 

    “Peter Dutton’s policy to supposedly achieve meagre changes to gas prices is a distraction from the fact that we don’t need gas and the seismic blasting, methane leaks or fracking it involves, because we already have the technology available to build affordable clean energy to power homes and businesses for the long term.

    “Gas is a dangerous fossil fuel that drives worsening floods, bushfires, cyclones and droughts. The Coalition wants to greenlight gas expansion like Woodside’s Browse project and fracking in the Beetaloo Basin, which threaten our environment and the climate. 

    “The Coalition’s energy policy and its ‘modelling’ on electricity prices simply don’t pass the sniff test. A future-proof policy is one that accelerates the transition to clean, affordable renewable energy, helps Australian businesses electrify and get off gas, and quickly phases out fossil fuels. 

    “Renewable energy is already the cheapest form of energy, and is reducing or even eliminating electricity bills for millions of Australian homes and businesses today. When it comes to reducing bills, gas simply cannot compete with renewables.

    “Australians can’t afford worsening gas-fuelled climate disasters like the Black Summer bushfires, Tropical Cyclone Alfred, and the Queensland floods that have racked up clean-up costs in the billions of dollars. 

    “The Coalition has also refused to dump its nuclear plans despite criticism from fellow Liberals, and estimates by experts which show that the cost of building nuclear reactors alone will cost taxpayers up to $600 billion. Peter Dutton has provided no plan for how the additional costs of nuclear waste management, insurance, and safety will be funded either. 

    “The enormous costs of the Coalition’s plan to expand climate-wrecking gas and build risky nuclear reactors in Australia overshadow any paltry gas savings released in its questionable modelling today.” 

    —ENDS—

    For more information or to arrange an interview, please contact Vai Shah on 0452 290 082 / [email protected]. 

    MIL OSI NGO –

  • MIL-OSI Video: AI: economic game changer or job taker?

    Source: European Central Bank (video statements)

    Will AI take our jobs? Does AI boost economic productivity? Is it a choice of going green or going digital?

    Our host Paul Gordon talks to ECB colleagues António Dias da Silva, Guzmán González-Torres Fernández and Miles Parker to find out what AI means for the economy, especially for productivity, job prospects and energy supply.
    The views expressed are those of the speakers and not necessarily those of the European Central Bank.

    Published on 9 April 2025 and recorded on 3 April 2025.

    In this episode:
    00:55 Is AI replacing jobs?
    Can AI ever replace jobs in journalism or film-making? Will AI be our next podcast host?

    02:14 Is AI a job changer?
    How are new technologies changing our jobs?

    04:00 Age, education and gender
    Who uses AI and how do people feel about it? Does AI usage differ based on age, education and gender?

    06:57 Sectors with the highest AI usage
    Which sectors use AI the most? What’s behind the different attitudes towards AI in different areas of the economy?

    09:00 Corporate usage of AI
    What do companies need to effectively use AI?

    11:02 How does AI affect productivity?
    How can AI be put to good use? To what extent can Europe’s economy grow with current AI usage? Is the world ready for AI?

    13:29 The role of policymakers
    How can policymakers make it easier for companies to use AI?

    15:10 AI and energy consumption
    How much energy does AI need? How much energy does ChatGPT use for one search? Will energy demand go up or down?

    17:15 Go green or go digital?
    Do we need to choose or does AI allow both? How could AI help the green transition?

    19:10 Obstacles
    What are the roadblocks to the green and digital transitions? What investment is needed to make these transitions a success? What else needs to be done?

    21:50 Our guests’ hot tips
    António, Guzmán and Miles share their hot tips with our listeners.

    Further reading:
    The ECB Blog: AI adoption and employment prospects
    https://www.ecb.europa.eu/press/blog/date/2025/html/ecb.blog20250321~6af1337b6b.en.html

    The ECB Blog: AI versus green: clash of the transitions?
    https://www.ecb.europa.eu/press/blog/date/2025/html/ecb.blog20250325~ed12b0ff35.en.html

    The ECB Blog: AI can boost productivity – if firms use it
    https://www.ecb.europa.eu/press/blog/date/2025/html/ecb.blog20250328~60c0a587f7.en.html

    Hot tip from António: Tech-focused podcast Babbage by The Economist https://www.economist.com/audio/podcasts/babbage

    Hot tip from Guzmán: The ECB recent conference on “The transformative power of AI: economic implications and challenges”
    https://www.ecb.europa.eu/press/conferences/html/20250401_transformative_power_of_ai.en.html

    Hot tip from Miles: International Energy Agency website
    https://www.iea.org/

    ECB Instagram
    https://www.instagram.com/europeancentralbank/

    European Central Bank
    www.ecb.europa.eu

    ECB Banking Supervision
    https://www.bankingsupervision.europa.eu/home/html/index.en.html

    https://www.youtube.com/watch?v=hN2xAURtlw8

    MIL OSI Video –

  • MIL-OSI Africa: Namibia Strengthens Uranium Market with Exploration and Production (E&P) Expansion

    Source: Africa Press Organisation – English (2) – Report:

    CAPE TOWN, South Africa, April 9, 2025/APO Group/ —

    Namibia is expanding its uranium industry through a combination of established operations and new Exploration and Production (E&P) initiatives. With an average production of 5,613 metric tons in recent years, Namibia has solidified its position as the world’s third-largest uranium producer.

    As global interest in uranium increases to meet growing demand for nuclear electricity, the country is intensifying cooperation with international E&P companies to unlock the full potential of its uranium market. The upcoming African Mining Week – taking place October 1-3 in Cape Town – will connect investors with lucrative prospects within Namibia.

    2025 Milestones

    Recent developments highlight Namibia’s growth trajectory in the uranium sector. In February 2025, Canada’s Snow Lake Resources launched Phase 2 drilling at its Engo Valley project, targeting up to 7,500 meters of reverse circulation and diamond drilling. A maiden resource estimate for the project is expected in the second half of the year. Pioneer Lithium also acquired Rodon Metals, operator of the Warmbad Project, committing A$1.675 million to geological surveys and exploration to expand the mine.

    Meanwhile, Connected Minerals commenced drilling at the highly prospective Swakopmund project in January 2025, after securing a prospecting license from the Namibian government. The company is also exploring the Etango North-East project, where high-grade uranium mineralization was confirmed in November 2024. Deep Yellow Limited is expected to make a final investment decision for its 79-million-pound Tumas Expansion Project in the first quarter of 2025. The project is projected to produce 6 million pounds per annum over 30 years as from 2026, increasing Namibia’s production capacity.

    2024 Achievements

    Namibia experienced several market growth milestones in 2024, with new discoveries made and new exploration and production campaigns launched. Australia’s Paladin Energy achieved a record production of 1.2 million pounds in the second half of 2024. The company aims to set a new record of 3.6 million pounds by June 2025.  Beyond large-scale operations, Namibia has seen a surge in new market entrants and partnerships. Madison Metals and Star Minerals partnered to accelerate the development of the Cobra Project. Australia’s Gibb River Diamonds secured three new licenses in the Erongo District, while Hertz Energy applied for two prospecting licenses. Oar Resources secured A$1 million in funding from shareholders to finance two greenfield uranium projects.

    Amidst these developments, African Mining Week will feature high-level panel discussions and exclusive networking sessions, connecting global investors with Namibia’s rapidly growing uranium sector. The event will foster collaboration between global mining firms and Namibian stakeholders, laying the foundation for accelerated growth across the country’s uranium market.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    MIL OSI Africa –

  • MIL-OSI: Ellomay Capital Ltd. Announces the Execution of an Agreement to sell 49% of its Italian Solar Portfolio of 198 MW to Clal Insurance, a Leading Israeli Institutional Investor

    Source: GlobeNewswire (MIL-OSI)

    Tel-Aviv, Israel, April 09, 2025 (GLOBE NEWSWIRE) — Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, today announced that it entered into an investment agreement (the “Clal Agreement”) with Clal Insurance Ltd., a leading Israeli institutional investor, and several of its affiliates (together, “Clal”), for an aggregate investment by Clal of approximately €52 million.

    Pursuant to the Clal Agreement, Clal and Ellomay will set up a new Israeli limited partnership (the “Israeli LP”) in which an entity wholly-owned by Ellomay will be the general partner and Ellomay will hold 51% of the limited partner interests and Clal will hold the remaining 49%. The Israeli LP will wholly-own a newly founded Luxembourg entity, to which Ellomay’s wholly-owned subsidiary, Ellomay Luxembourg Holdings, S.à.r.l. (“Ellomay Luxembourg”), will transfer all of the issued and outstanding shares of seven Italian project companies, who hold a solar portfolio in an aggregate capacity of approximately 198 MW (the “Italian Solar Portfolio”). The Italian Solar Portfolio consists of (a) solar facilities with an aggregate capacity of 38 MW that are connected to the grid and operating and (b) additional solar facilities with an aggregate capacity of 160 MW that have reached Ready-to-Build status and with respect to which Engineering, Procurement and Construction agreements were executed. Project finance agreements were executed with respect to the Italian Solar Portfolio in March 2025.

    The Clal Agreement includes customary representations and warranties of Ellomay and Clal and an indemnification mechanism for breaches of representations, warranties and undertakings, subject to customary caps and limitations, as a sole remedy, subject to customary exceptions. The Clal Agreement provides Clal with a right of first look commencing with the consummation of the transactions contemplated by the Clal Agreement with respect to investment in other solar projects currently developed or that will be developed by Ellomay and its subsidiaries in Italy for an investment under similar terms as the Clal Agreement, mutatis mutandis. Pursuant to the right of first look mechanism, Ellomay will provide Clal certain information with respect to each project that has reached Ready-to-Build status and Ellomay decided to advance its construction, and Clal will have a few months to notify Ellomay that it is interested in investing up to 49% in such projects or any portion thereof upon the terms set forth in the notice provided to Clal by Ellomay.

    The Clal Agreement provides that upon consummation of the transactions contemplated by the Clal Agreement, Ellomay and Clal will sign a partners agreement (the “Clal PA”) and Ellomay will issue Clal a warrant (the “Clal Warrant”).

    The Clal PA sets forth the relationship between the general partner and the limited partners, the governance and management of the Israeli LP, the funding and financing of the Israeli LP and the mechanism for future transfers of interests in the Israeli LP. Pursuant to the Clal PA, Clal undertakes to provide its pro rata portion of the amounts required for the development of the Italian Solar Portfolio to the Israeli LP, which in turn will fund the Luxembourg subsidiary and the Italian project companies. Ellomay’s aggregate funding commitment in the Italian Solar Portfolio has already been provided by Ellomay. The Clal PA also provides for the payment of annual management fees to Ellomay. The Clal PA provides each limited partner with customary rights, including a full tag-along right in the event of a change in control of Ellomay and includes customary veto rights. The Clal PA provides that following repayment of partners’ loans, the Israeli LP’s surpluses will be distributed to the limited partners, pro rata to their holdings, on a semi-annual basis, subject to maintaining the working capital required by the Israeli LP for the two following quarters.

    The Clal Warrant covers 416,000 ordinary shares of Ellomay, with an exercise price of NIS 69.7 (approximately $18.5) per share. The Clal Warrant is for a term of twenty-six months and may only be exercised on a cashless basis. In the event Ellomay’s shares are traded at a price higher than NIS 80 (approximately $21.2) per share when the Clal Warrant is exercised, Ellomay, at its discretion, may choose to issue shares on a cashless basis assuming a market price per share of NIS 80 and pay Clal the remainder in cash. 

    The consummation of the transactions contemplated by the Clal Agreement is subject to the fulfillment or waiver of several customary conditions to closing, including receipt of regulatory approvals, that are not entirely within the control of Ellomay, Ellomay Luxembourg, Clal or the Israeli LP. There can be no assurance as to whether or when the conditions to closing will be satisfied.

    Ran Fridrich, CEO and a board member of Ellomay, commented: “Ellomay is pleased to announce the establishment of a partnership with Clal Insurance, which will invest in a 198 MW solar portfolio in central and northern Italy. The Company sees great importance in the entry of a quality institutional investor as a partner to part of its Italian solar portfolio, and in Clal’s interest in examining participation in the future in building the remainder of the Company’s Italian portfolio and views this as a vote of confidence in the Company, its management and its operations. The Company thanks the investment team of Clal, led by Barak Bensky, for their professional work in a complex cross-border transaction.”

    About Ellomay Capital Ltd.

    Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay focuses its business in the renewable energy and power sectors in Europe, USA and Israel.

    To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:

      ● Approximately 335.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is 51% owned by the Company) and approximately 38 MW of operating solar power plants in Italy;
      ● 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption;
      ● Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
      ● 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
      ● Solar projects in Italy with an aggregate capacity of 294 MW that have reached “ready to build” status; and
      ● Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of approximately 27 MW that are placed in service and in process of connection to the grid and additional 22 MW are under construction.

    For more information about Ellomay, visit http://www.ellomay.com.

    Information Relating to Forward-Looking Statements

    This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including the inability to fulfill all of the conditions to closing set forth in the Clal Agreement, changes in the market price of the Company’s shares, changes in electricity prices and demand, regulatory changes increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of the war and hostilities in Israel and Gaza, the impact of the continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Kalia Rubenbach (Weintraub)
    CFO
    Tel: +972 (3) 797-1111
    Email: hilai@ellomay.com

    The MIL Network –

  • MIL-OSI Australia: Milestone for Big Canberra Battery

    Source: Northern Territory Police and Fire Services

    The Williamsdale battery will deliver 250MW of storage.

    The ACT Government has reached a major milestone in its work to future-proof Canberra’s energy supply.

    The development application has been approved to deliver Stream 1 of the project – a grid-scale battery in Williamsdale.

    This ACT Government has partnered with Eku Energy on this project. Construction will begin later this year.

    The Big Canberra Battery will be capable of delivering 250 MW of power – more than a third of Canberra’s peak electricity demand. It will be able to deliver this power for two hours.

    The Big Canberra Battery will have 500 MWh of capacity, which on a single charge could supply 23,400 households with their daily energy use.

    Approximately 180–200 jobs will also be created through the project.

    More batteries for Canberra

    The Government has also finalised the installation of batteries at nine government sites in the ACT as part of its work on Stream 2 of the project.

    The sites include:

    • Belconnen Parks Depot
    • Gungahlin Family and Child Centre
    • Allara Depot
    • Kambah Depot
    • Ron Reynolds Centre
    • Chifley Community Hub
    • Ngunnawal Bush Healing Farm
    • Cotter Depot
    • Greenway Ambulance Station.

    The batteries capture energy generated from rooftop solar panels. This will help power the sites and will reduce government spend on electricity, benefitting the broader network during peak electricity consumption times.

    Two further batteries will be installed at Mount Stromlo High School and 255 Canberra Avenue, Fyshwick in early 2025.

    The ACT Government has also partnered with the Commonwealth Government and Evoenergy through the Community Batteries for Household Solar Program.

    Through this, three medium-sized neighbourhood-scale batteries will be installed in Casey, Dickson and Fadden.

    A battery operator will be selected in late 2024 following a procurement process.

    The Big Canberra Battery project will provide renewable energy security across the electricity grid.

    It will help grow the ACT’s renewable energy sector, provide more local employment opportunities, and deliver a positive financial return for the territory.

    Building a cleaner future

    Battery storage technology is a critical component of the ACT’s net-zero emissions future.

    The ACT has delivered 100 per cent renewable electricity since 2020.

    Initiatives like this build on that achievement and demonstrate the viability of renewable energy in supporting a robust, affordable and sustainable energy grid.

    Find out more about the Big Canberra Battery Project and other ways Canberra is leading the way on climate action by visiting climatechoices.act.gov.au

    Get ACT news and events delivered straight to your inbox, sign up to our email newsletter:


    MIL OSI News –

  • MIL-OSI: Bilibili Publishes 2024 Environmental, Social and Governance Report

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, April 09, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced that it has published its 2024 Environmental, Social and Governance (“ESG”) Report, available on the Company’s investor relations website at http://ir.bilibili.com. The initiatives and achievements outlined in the report demonstrate Bilibili’s long-standing dedication to creating social value and sustainable development that benefits its users, content creators, employees, partners and other stakeholders.

    “Bilibili strives for more than just commercial success. We are also deeply committed to creating lasting social value,” said Mr. Rui Chen, chairman and CEO of Bilibili. “We uphold high ESG standards in every aspect of our work, from corporate governance to daily operations. Collaborating closely with our content creators, employees, suppliers and partners, we will continue fostering an engaging ecosystem with quality content, driving industry progress through tech and content innovation, spreading positive energy and making a meaningful social impact.”

    Bilibili’s 2024 ESG report provides the Company’s stakeholders with a transparent view of its operations and governance structure, as well as its initiatives supporting positive social change. The report covers content ecosystem enhancement, tech innovation, community engagement, minors’ protection, cybersecurity and privacy protection, content creator and supplier empowerment, talent development, environmental protection, charitable activities, positivity advocacy, corporate governance and more.

    Bilibili’s 2024 ESG Highlights:

    1. Content Ecosystem & User Community

    Bilibili consistently expands its vibrant content ecosystem and refines its cybersecurity measures, offering users a reliable space to explore the content they love. To keep its ecosystem thriving, the Company continuously enhances its product offerings and explores AI applications to optimize user experience, empower content creators and create community value. In 2024:

    • Daily active users approached 104 million, each averaging 102 minutes of daily time spent on the platform.
    • More than 5.1 billion average daily video views were generated, up 19% year over year, with an average of over 40 million users watching consumption-related content each day.
    • Over 90% of Bilibili businesses had received ISO Information Security Management System Certifications.

    2. Content Creator Empowerment

    Supporting content creators is at the heart of Bilibili’s mission. The Company offers content creators a suite of creative tools, strong operational support and diverse monetization opportunities, empowering them to bring their ideas to life, engage with their fans and turn their passion into sustainable success. In 2024, Bilibili:

    • Was home to approximately 4 million monthly active content creators, and nearly 3.1 million content creators earned income via various commercial channels on Bilibili.
    • Helped content creators increase their income through advertising and value-added services by 21% year over year.
    • Curated “Bilibili 2024 UP100” to celebrate the Top 100 Content Creators, nearly 90% of whom have generated content on Bilibili for over five years.

    3. Talent Nurturing and Governance

    Bilibili deeply appreciates its employees’ dedication and is committed to fostering a workplace where talent thrives by investing in employees’ career growth and development. The Company is also committed to business integrity, continuously refining internal governance and risk control under a solid management framework. In 2024, Bilibili:

    • Covered 100% of full-time employees with its comprehensive employee benefits system.
    • Provided multiple training programs to employees, with an average training duration of 35 hours per person.
    • Had no monopoly, extortion, unfair competition or money laundering incidents occur in the Company.

    4. Industry Cultivation

    Bilibili promotes openness and inclusivity, driving sustainable growth across the supply chain, supporting original content creators and their work, and collaboratively building a dynamic open-source community. In 2024, Bilibili:

    • Cumulatively aired more than 640 Chinese anime titles and distributed 98 overseas, expanding the domestic anime industry’s reach.
    • Produced over 170 documentaries and cumulatively aired more than 5,000 documentaries, providing a stage for knowledge-based content to shine.
    • Engaged in more than 60 technology sharing sessions and collaborated with industry partners to build an open-source ecosystem, driving industry-wide progress.

    5. Social Endeavors and Spreading Positive Energy

    Bilibili actively champions social causes and spreads positive energy through quality content, using its platform to raise awareness and drive meaningful change. Bilibili has:

    • Cumulatively launched 101 projects on the Bilibili Charity Platform, inspiring more than 1.07 million users to donate over RMB27 million by the end of February 2025.
    • Helped build 7 rural primary schools, with 7,195 rural students enrolled as of the end of 2024.
    • Granted a total of RMB1.29 million via the Bilibili Happy Scholarship to special enrichment programs by the end of 2024.
    • Engaged a daily average of over 15 million users with science and technology content, fostering a vibrant learning environment.
    • Delighted the platform’s 220 million users with professional knowledge.

    6. Green Philosophy

    Bilibili cares deeply about climate change and embraces its role in protecting the global environment. The Company integrates “green” principles throughout its operations while leveraging its content library to inspire and educate users on environmental protection. In 2024, Bilibili:

    • Further optimized its average actual PUE across all leased data centers.
    • Raised public awareness on environmental protection-related topics, generating 25.3 billion relevant video views, up 100% year over year.
    • Conducted research on employee commuting and business travel to further advance its Scope 3 carbon emissions assessment, examining and analyzing the Company’s carbon footprint.

    The Company’s 2024 ESG report is available in both Chinese and English. To promote environmental conservation, we encourage you to access the electronic version available on the Company’s investor relations website at http://ir.bilibili.com and the HKEX’s website at http://www.hkexnews.hk.

    About Bilibili Inc.

    Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world.

    For more information, please visit: http://ir.bilibili.com.

    For investor and media inquiries, please contact:

    In China:

    Bilibili Inc.
    Juliet Yang
    Tel: +86-21-2509-9255 Ext. 8523
    Email: ir@bilibili.com 

    Piacente Financial Communications
    Helen Wu
    Tel: +86-10-6508-0677
    Email: bilibili@tpg-ir.com 

    In the United States:

    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    Email: bilibili@tpg-ir.com 

    The MIL Network –

  • MIL-OSI United Kingdom: Change of British High Commissioner to Mauritius: Paul Brummell

    Source: United Kingdom – Government Statements

    Press release

    Change of British High Commissioner to Mauritius: Paul Brummell

    Mr Paul Brummell CMG has been appointed British High Commissioner to the Republic of Mauritius.

    Mr Paul Brummell

    Mr Paul Brummell CMG has been appointed British High Commissioner to the Republic of Mauritius in succession to Ms Charlotte Pierre who will be transferring to another Diplomatic Service appointment.  Mr Brummell will take up his appointment during July 2025.

    Curriculum vitae

    Full name: Paul Brummell           

    Year Role
    2021 to present Riga, His Majesty’s Ambassador
    2018 to 2021 FCDO, Head of Soft Power and External Affairs Department
    2014 to 2018 Bucharest, Her Majesty’s Ambassador
    2013 to 2014 Pre-posting training (including Romanian language training)
    2009 to 2013 Bridgetown, British High Commissioner to the Eastern Caribbean
    2005 to 2009 Astana, Her Majesty’s Ambassador
    2002 to 2005 Ashgabat, Her Majesty’s Ambassador
    2001 FCO, Afghanistan Emergency Unit
    2000 to 2001 FCO, Deputy Head of Eastern Department
    1995 to 2000 Rome, First Secretary (Political, Press and Public Affairs)
    1993 to 1994 FCO, Environment, Science and Energy Department
    1992 New York, Conference Support Officer, UK Mission to the United Nations
    1989 to 1992 Islamabad, Third later Second Secretary (Political)
    1988 to 1989 FCO, South America Department
    1988 FCO, Research Department
    1987 Joined FCO

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 9 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Joint Meeting of Four Expert Groups of APEC Energy Working Group and associated workshops held in Hong Kong for first time (with photos)

    Source: Hong Kong Government special administrative region

    Joint Meeting of Four Expert Groups of APEC Energy Working Group and associated workshops held in Hong Kong for first time  
    This joint meeting brings together four expert groups of the APEC EWG for the first time, namely the Expert Group on Energy Data and Analysis, the Expert Group on Energy Efficiency and Conservation, the Expert Group on New and Renewable Energy Technologies and the Expert Group on Clean Fossil Energy. They are being held in conjunction with the APEC Workshop on Promoting Energy Efficiency Enhancement in Electricity Generation and the 8th Oil and Gas Security Network Forum. Over 100 experts and delegates from 18 APEC member economies as well as three international organisations have gathered to share and exchange experiences on topics such as energy security, clean energy, renewable energy, energy efficiency, energy data and analysis, and sustainable development.
     
         Mr Tse said in his welcome remarks that APEC economies consume approximately 60 per cent of the world’s energy. As the member economies pursue rapid and ongoing economic growth and urbanisation, energy demand and carbon emissions in the region will continue to rise, making it crucial to accelerate the transition to green energy, mitigate climate change risks and ensure energy security and sustainable economic development.
     
    He also said that Hong Kong is striving to achieve carbon neutrality before 2050, and will cease using coal for electricity generation by 2035. Hong Kong is actively implementing various decarbonisation measures, including planning infrastructure to import more zero-carbon electricity from neighbouring regions, enhancing energy efficiency in buildings, developing green transportation and promoting hydrogen energy development for achieving a green and sustainable future.
     
         Mr Poon shared Hong Kong’s developments in the field of energy at the meeting. He thanked the APEC member economies for their continuous efforts in combating climate change, and stressed the importance of maintaining a rapport among the members for meeting the challenges from climate change.
     
    Hong Kong has been actively participating in, and hosting meetings of, the APEC EWG and its expert groups, giving full play to the contribution from the energy sector to the economic and social well-being of the APEC region, while mitigating the environmental impact of the energy supply and its use with other APEC member economies. 
    Issued at HKT 16:18

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Argentina’s risk index hits six-month high amid US tariff fallout

    Source: China State Council Information Office 3

    Argentina’s sovereign bonds and equities fell sharply on Tuesday, pushing the country’s risk index above 1,000 basis points for the first time since October, as global markets plunged in reaction to sweeping new U.S. tariffs.

    The JPMorgan risk benchmark, a reflection of how investors view the country’s debt, briefly surged past 1,000 basis points after midday trading before closing at 978 amid anticipation of a new disbursement from the International Monetary Fund.

    Dollar-denominated Argentine bonds dropped as much as 3.7 percent, while the benchmark S&P Merval index fell 1.74 percent, according to data from local exchange operator BYMA.

    Energy and utility stocks were among the hardest hit, with Transportadora de Gas del Norte down 11.9 percent, Metrogas off 11.6 percent, and power grid operator Transener falling 8.3 percent.

    Shares of Argentine companies listed in New York also slid. Steelmaker Ternium dropped 7.1 percent, biotech firm Bioceres fell 6.8 percent, and agribusiness group Cresud lost 5.3 percent.

    The losses followed the Trump administration’s announcement of a 10 percent tariff on all Argentine imports, a move analysts say has amplified investors’ uncertainty.

    “As long as the U.S.-driven trade war continues, Argentina will remain highly exposed to volatility,” Rafael Di Giorno, an analyst at Proficio, told local media outlet Ambito Financiero. 

    MIL OSI China News –

  • MIL-OSI USA: Energy Department Acts to Unleash American Coal by Strengthening Coal Technology and Securing Critical Mineral Supply Chains

    Source: US Department of Energy

    WASHINGTON— Following President Trump’s Executive Order, “Reinvigorating America’s Beautiful Clean Coal Industry”, Energy Secretary Chris Wright today announced a series of actions the Department of Energy (DOE) is taking to unleash American coal production. These actions will help modernize coal technologies, expand domestic critical mineral production and accelerate commercialization of mineral extraction technology, strengthening America’s energy and industrial security.

    “The American people need more energy, and the Department of Energy is helping to meet this demand by unleashing supply of affordable, reliable, secure energy sources– including coal,” Secretary Wright said. “Coal is essential for generating 24/7 electricity generation that powers American homes and businesses, but misguided policies from previous administrations have stifled this critical American industry. With President Trump’s leadership, we are cutting the red tape and bringing back common sense.”

    The announcement includes five key initiatives to strengthen coal innovation and critical mineral independence:

    Reinstatement of the National Coal Council

    DOE is reinstating the National Coal Council as a federal advisory committee that was established in 1984 and lapsed during the Biden administration. The Council is a 50-member body appointed by the Secretary, that provides expert guidance on the future of coal technologies and markets. Members on the newly restated council will represent coal producers, users, equipment suppliers, state and local officials, and other stakeholders across the coal value chain.

    Facilitating New Investment in Coal-Powered Electricity Generation

    DOE’s Loan Program Office’s Energy Infrastructure Reinvestment (EIR) Program is making $200 billion in low-cost, long-term financing available to invest in energy infrastructure, including coal. The EIR program can support a wide range of projects available for coal energy investments, including upgrading energy infrastructure to restart operations or operate more efficiently or at a higher output, replacing retired energy infrastructure with new energy infrastructure and building new facilities that utilize legacy energy infrastructure.

    Designation of Steelmaking Coal as a Critical Material and Mineral

    In coordination with the Department of the Interior, DOE is recommending the designation of coal used in steelmaking as both a critical material and a critical mineral in the upcoming 2025 Critical Materials Assessment. This strategic designation will help ensure the U.S. maintains a stable supply of steelmaking coal in the decades to come and underscores the vital role of steelmaking coal in bolstering national security and economic stability.

    Deployment of Mineral Extraction Technology from Coal Ash

    DOE’s National Energy Technology Laboratory (NETL) has patented new technology to extract critical minerals from coal ash. This development supports ongoing work to convert coal byproducts into high-value materials needed for use in energy, defense, and manufacturing.

    Commercialization of Coal Ash Conversion Technologies

    The Department of Energy is supporting commercialization efforts through partnerships with DOE’s National Laboratories and emerging companies. These projects are advancing the recovery of critical minerals from coal ash and building a domestic supply chain for critical materials currently dominated by foreign adversaries and will reduce U.S. reliance on China for key materials.

    The Energy Department is committed to restoring American energy dominance and strengthening America’s industrial base. Secretary Wright will continue to work with all members of the National Energy Dominance Council to eliminate unnecessary regulatory burdens on coal and unleash American energy.

    MIL OSI USA News –

  • MIL-OSI Russia: Competition “Archer of the Future”. Polytechnic University has two victories!

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The fifth season of the All-Russian competition of student works for the best solution of business problems “Archer of the Future” was held in Moscow. Two teams of the Higher School of Media Communications and Public Relations of the Humanitarian Institute of SPbPU won confident victories.

    Students from 35 universities in the country’s specialized fields of study presented 134 solutions for such large companies as the State Hermitage Museum, SR Space, T-Bank, TMK, the Festival of Geobrands “Land of Discoveries”, the “Water of Russia” Museum, and Sakhalin Energy. Two student teams of the Higher School of Management and Social Sciences of the Russian Federation, “Special Agents of the Russian Federation” and “Echo”, were shortlisted for the competition and invited to participate in open defenses. The mentors of the polytechnics were Marina Arkannikova, Director of the Higher School of Management and Social Sciences of the Russian Federation, and Elina Avakova and Dmitry Popov, Associate Professors of the Higher School of Management and Social Sciences of the Russian Federation.

    The first winners were the team “Special Agents of the RSO”, represented by Adelina Borozdina, Aya Klimacheva, Vladislava Smelova, Yana Lipatnikova, Anastasia Sidorova and Ekaterina Yarovaya. The girls developed the PR campaign “Beacons of the Hermitage” for the Restoration and Storage Center “Staraya Derevnya” of the legendary museum.

    A third-year student of the Advertising and Public Relations program, Aya Klimacheva, spoke about how the team tried to take into account all the customer’s wishes, conducted several types of analytics and created a unique selling proposition, including the visual design of the concept.

    This year I took part in the competition for the first time and this debut was an absolute success. We won both the professional jury and the student jury! On stage we appeared as special agents who brought an artifact (case) from St. Petersburg. Our mysterious suitcase became the real Chekhov’s gun. After the performance, many teams who had not seen us on stage asked what was inside. And the case contained real light, which the Hermitage restorers carry within themselves, this was our main message, – noted Aya.

    Team captain Adelina Borozdina added: And for me, Luchnik is already the third. In 2022, the PR.com team and I took first place in the development of an HR brand for TMK. Then we collaborated with this company under an employment contract. For me, as a second-year master’s student of “Strategic Communications in Industries 4.0”, this is such a beautiful end point of an active student life. Now the dream is to take a big Archer as a specialist.

    The second winners were the Echo team, represented by Taisiya Temirova, Polina Pozhidaeva, and Alexandra Leleko. The students proposed a PR campaign to promote TMK’s activities in industrial tourism, which they called “6 Warm Acquaintances.” According to the team, this was their best collective work in the current academic year.

    Traditionally, this year, along with the expert council, a student jury also worked, which included representatives of five universities in the country after competitive procedures. The Polytechnic University was represented by first- and second-year students of the Advertising and Public Relations program at the Higher School of Management and Social Sciences, Darya Shevchenko and Ekaterina Karpova.

    I am very glad that I was able to pass the competition tests and join the jury. The first work experience was interesting and difficult at the same time, since each participant presented their developments with such dedication that it was difficult to choose the best. But I would like to separately mention two of our teams. They stood out brightly and were simply at their best. The originality of their solutions amazed everyone, both the student jury and the experts. The Polytechnicians deservedly became the winners. Thank you for such an invaluable experience, – shared Daria Shevchenko.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI: Orrön Energy publishes it’s Annual and Sustainability Report for 2024

    Source: GlobeNewswire (MIL-OSI)

    Orrön Energy AB (“Orrön Energy”) is pleased to announce the publication of it’s Annual and Sustainability Report for 2024 and encourages shareholders to read or download the report on Orrön Energy’s website, www.orron.com. For shareholders who would like to receive a printed copy of the Annual and Sustainability Report 2024, this can be requested on Orrön Energy’s website or by telephone on +46 8 440 54 50.

    For further information, please contact:

    Robert Eriksson
    Corporate Affairs and Investor Relations
    Tel: +46 701 11 26 15
    robert.eriksson@orron.com

    Jenny Sandström
    Communications Lead
    Tel: +41 79 431 63 68
    jenny.sandstrom@orron.com

    This information is information that Orrön Energy AB is required to make public pursuant to the Swedish Securities Markets Act. The information was submitted for publication at 09.00 CEST on 9 April 2025.

    Orrön Energy is an independent, publicly listed (Nasdaq Stockholm: “ORRON”) renewable energy company within the Lundin Group of Companies. Orrön Energy’s core portfolio consists of high quality, cash flow generating assets in the Nordics, coupled with greenfield growth opportunities in the Nordics, the UK, Germany and France. With significant financial capacity to fund further growth and acquisitions, and backed by a major shareholder, management and Board with a proven track record of investing into, leading and growing highly successful businesses, Orrön Energy is in a unique position to create shareholder value through the energy transition.

    Forward-looking statements
    Statements in this press release relating to any future status or circumstances, including statements regarding future performance, growth and other trend projections, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “seek”, “will”, “would” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that could occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to several factors, many of which are outside the company’s control. Any forward-looking statements in this press release speak only as of the date on which the statements are made and the company has no obligation (and undertakes no obligation) to update or revise any of them, whether as a result of new information, future events or otherwise.

    Attachments

    The MIL Network –

  • MIL-OSI USA: Norton Announces Community Project Funding Application Process

    Source: United States House of Representatives – Congresswoman Eleanor Holmes Norton (District of Columbia)

    WASHINGTON, D.C. — Congresswoman Eleanor Holmes Norton (D-DC) today announced the process for applying to her office for Community Project Funding, formerly known as earmarks, for fiscal year 2026 (FY26). For a Community Project Funding request to be considered, eligible entities must submit an application by 5:00 p.m. on Monday, April 21st to NortonCommunityProjectFunding@mail.house.gov.

    Under the House Committee on Appropriations’ eligibility requirements for FY26, only governmental entities and public institutions of higher education will be eligible for projects under the T-HUD Economic Development Initiatives program. Memorials, museums, and commemoratives (i.e., projects named for an individual or entity) are not eligible for Community Project Funding. The subcommittees’ requirements can be found here. All projects that were included in House Reports for Fiscal Year 2025 are eligible in Fiscal Year 2026 but must be resubmitted for consideration.

    Late or incomplete applications, including applications that do not provide the information required by the relevant subcommittee, will not be considered. The project must be located in the District of Columbia.

    An application consists of all the information about the entity and project required by the applicable subcommittee, as well as the following:

    • Name of the recipient
    • Address of the recipient
    • Amount of the request
    • Explanation of the request, including purpose, and a justification for why it is an appropriate use of taxpayer funds
    • Evidence of community support
    • If on behalf of a non-profit, evidence the entity is a non-profit organization as described under Section 501(c)(3) of the Internal Revenue Code of 1986, and evidence non-profit’s work is primarily focused on D.C.

    The Appropriations Committee is only permitting certain programs within specific subcommittees, listed below, that are going to participate in the Community Project Funding process.

    Agriculture, Rural Development, Food and Drug Administration, and Related Agencies

    • Department of Agriculture–Farm Production and Conservation Programs
      • Natural Resources Conservation Service (Conservation Operations)
    • Department of Agriculture–Research, Education, and Economics
      • Agricultural Research Service (Buildings and Facilities)
    • Department of Agriculture–Rural Development
      • Rural Housing Service (Community Facilities)
      • Rural Utilities Service (ReConnect Program)
      • Rural Utilities Service (Distance Learning and Telemedicine Grants)
      • Rural Utilities Service (Rural Water and Waste Disposal Grants)

    Commerce, Justice, Science, and Related Agencies

    • Department of Commerce
      • NIST—Scientific and Technical Research
      • NOAA—Coastal Zone Management
    • Department of Justice
      • COPS Technology and Equipment
      • Byrne Justice
    • National Aeronautics and Space Administration
      • Safety, Security, and Mission Services

    Energy and Water Development

    • Army Corps of Engineers (Civil Works)
      • Investigations
      • Construction
      • Mississippi River and Tributaries
      • Operation and Maintenance
    • Department of the Interior/Bureau of Reclamation
      • Water and Related Resources

    Homeland Security

    • Federal Emergency Management Agency
      • Federal Assistance—Emergency Ops. Centers
      • Federal Assistance—Pre-Disaster Mitigation

    Interior, Environment, and Related Agencies

    • Environmental Protection Agency
      • STAG—Clean Water State Revolving Fund
      • STAG—Drinking Water State Revolving Fund

    Military Construction, Veterans Affairs, and Related Agencies

    • Army
    • Army National Guard
    • Army Reserve
    • Navy & Marine Corps
    • Navy Reserve
    • Air Force and Space Force
    • Air National Guard
    • Air Force Reserve
    • DoD, Defense-Wide

    Transportation, and Housing and Urban Development, and Related Agencies

    • Department of Housing and Urban Development
      • CDBG – Economic Development Initiatives
    • Department of Transportation
      • Airport Improvement Program
      • Highway Infrastructure Projects
      • Transit Infrastructure Projects
      • Consolidated Rail Infrastructure and Safety Improvements
      • Port Infrastructure Development Program

    ###

    MIL OSI USA News –

  • MIL-OSI: Valeura Energy Inc.: Q1 2025 Operations and Financial Update

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 09, 2025 (GLOBE NEWSWIRE) — Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (“Valeura” or the “Company”) is pleased to provide an update on Q1 2025 operations.

    Highlights

    • Operations continuing smoothly, with oil production averaging 23.9 mbbls/d(1);
      • Continual programme of development and appraisal drilling throughout the quarter;
      • Strong ongoing safety performance, with no lost time injuries;
    • Strong cash position at March 31, 2025 of US$238.3 million, and no debt;
      • Taxes paid of US$39.2 million in Q1;
      • Repurchased 963,401 shares in Q1;
    • Resilient ongoing business based on strong balance sheet and cash flow, creating growth optionality in the current volatile climate.

    (1) Working interest share oil production, before royalties.

    Dr. Sean Guest, President and CEO commented:

    “Our strong operational and financial performance continued throughout Q1 2025, and our business is more resilient than ever. With our corporate restructuring completed in November 2024, and the final tax payment under the previous structure now behind us, we see an energised ability to generate cash flow as we look at the remainder of 2025. 

    We are carefully monitoring the current volatile market conditions while simultaneously reviewing and optimising our expenditures. However, our strong financial position with cash of US$238 million and no debt makes Valeura not only resilient, but also well positioned for attractive inorganic opportunities that may emerge during such a turbulent market environment.

    Notwithstanding the recent market volatility, we are maintaining all of our previously disclosed guidance assumptions for the year.” 

    Q1 2025 Update

    Valeura’s working interest share production before royalties averaged 23.9 mbbls/d during Q1 2025, a decrease of 8.4% from Q4 2024. Rates were affected by a planned seven-day annual maintenance shutdown of the Nong Yao field near the end of the quarter. All planned work on the Nong Yao facilities was conducted safely and under time and budget with production resuming on April 1, 2025. Valeura re-iterates its full year 2025 production guidance outlook of 23.0 – 25.5 mbbls/d.

    Oil sales totalled 1.88 million bbls during Q1 2025, less than the 2.15 million bbls produced. Sales were lower than in Q4 2024 and reflect the fact that at the beginning of the quarter, the Company had record low crude oil in inventory. At the end of the quarter Valeura had 0.89 million bbls in inventory, which is expected to be sold in Q2 2025 (including a lifting of approximately 0.25 million bbls which was sold on April 1, 2025).

    Price realisations averaged US$78.7/bbl during Q1 2025, reflecting a US$2.9/bbl premium over the Brent crude oil benchmark. Oil revenue during Q1 2025 was US$148.1 million, 35% lower than Q4 2024. The quarter-on-quarter difference is due to less oil volumes sold, and also one sale occurring very late in the quarter, for which revenue is expected to be received in April 2025. Accordingly, the Company recorded a receivable associated with that lifting of approximately US$30 million as at March 31, 2025.

    In addition to routine operating costs and planned capital spending, the Company has made a final tax payment of US$39.2 million in connection with its corporate restructuring that was completed in November 2024. This payment effectively completes the tax obligations for its Thai III licences under their previous organisation structure, and became due in Q1 2025, earlier than usual tax payments for Thai III licences which are payable in May and August of each year. Following the restructuring, petroleum income tax loss carry-forwards that were previously associated with only the Wassana asset are now being applied to all of the Company’s Thai III petroleum concessions, being Wassana, Nong Yao, and Manora, thereby resulting in a more efficient tax structure for the business.

    While the Company acknowledges the global market and oil price volatility experienced in early April 2025, at this time, Valeura re-affirms all of its guidance outlook expectations for 2025. The Company maintains a scenario-based approach to planning its investments, driven largely by forecast oil prices. Recent market conditions underscore the importance of such an approach, but more importantly highlight the value of maintaining a strong balance sheet so as to capitalise on emerging inorganic growth opportunities. As of March 31, 2025, Valeura had US$238.3 million in cash, with no debt.

    During the quarter, the Company acquired 963,401 shares as part of its NCIB programme.

    Operations Update

    Valeura provided an operations update on March 25, 2025, along with its announcement of results for Q4 and the full year 2024. Since that time, the Company has been conducting a drilling campaign on the Jasmine / Ban Yen field, and will provide an update in due course. 

    On March 28, 2025, an earthquake struck central Myanmar, which borders Thailand to the north-west. All Valeura’s personnel were confirmed safe, and all facilities continue to operate safely.

    Results Timing and AGM

    Valeura intends to release its full unaudited financial and operating results for Q1 2025 on May 14, 2025, and will discuss the results in more detail through a management webcast hosted in conjunction with its Annual General Meeting of Shareholders (the “meeting”) later that day. The notice of meeting and related Management’s Information Circular have been mailed to shareholders and are available on the Company’s website at www.valeuraenergy.com/governance and on SEDAR+ at www.sedarplus.ca.

    For further information, please contact:

    Valeura Energy Inc. (General Corporate Enquiries)
    +65 6373 6940
    Sean Guest, President and CEO
    Yacine Ben-Meriem, CFO
    Contact@valeuraenergy.com

    Valeura Energy Inc. (Investor and Media Enquiries)
    +1 403 975 6752 / +44 7392 940495
    Robin James Martin, Vice President, Communications and Investor Relations
    IR@valeuraenergy.com

    About the Company

    Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

    Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

    Advisory and Caution Regarding Forward-Looking Information

    Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “target” or similar words suggesting future outcomes or statements regarding an outlook.

    Forward-looking information in this news release includes, but is not limited to, the Company’s anticipated full year 2025 guidance assumptions, being full year working interest share oil production before royalties of 23.0 – 25.5 mbbls/d, capex of US$125 – 150 million, exploration expense of approximately US$11 million, and adjusted opex of US$125 – 245 million, all as more fully described in the January 9, 2025 press release; the anticipated receivable of approximately US$30 million as at March 31, 2025; and Valeura’s expectation that it will benefit from a more efficient tax structure as a result of the corporate restructuring. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information is based on management’s current expectations and assumptions regarding, among other things: political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; ability to achieve extensions to licences in Thailand and Türkiye to support attractive development and resource recovery; future drilling activity on the required/expected timelines; the prospectivity of the Company’s lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; the impact of the Russian invasion of Ukraine; the impact of conflicts in the Middle East; royalty rates and taxes; management’s estimate of cumulative tax losses being correct; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to funds its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company’s reserves and contingent resources; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the availability and identification of mergers and acquisition opportunities; the ability to successfully negotiate and complete any mergers and acquisition opportunities; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; international trade policies; future debt levels; and the Company’s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company’s work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners’ plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company’s ability to manage growth; the Company’s ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; the risk that the Company’s tax advisors’ and/or auditors’ assessment of the Company’s cumulative tax losses varies significantly from management’s expectations of the same; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, including international treaties and trade policies; the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the most recent annual information form and management’s discussion and analysis of the Company for a detailed discussion of the risk factors.

    Certain forward-looking information in this news release may also constitute “financial outlook” within the meaning of applicable securities legislation. Financial outlook involves statements about Valeura’s prospective financial performance or position and is based on and subject to the assumptions and risk factors described above in respect of forward-looking information generally as well as any other specific assumptions and risk factors in relation to such financial outlook noted in this news release. Such assumptions are based on management’s assessment of the relevant information currently available, and any financial outlook included in this news release is made as of the date hereof and provided for the purpose of helping readers understand Valeura’s current expectations and plans for the future. Readers are cautioned that reliance on any financial outlook may not be appropriate for other purposes or in other circumstances and that the risk factors described above or other factors may cause actual results to differ materially from any financial outlook.

    The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful. 

    Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network –

  • MIL-Evening Report: The Coalition’s domestic gas plan would lower prices – just not very much

    Source: The Conversation (Au and NZ) – By Samantha Hepburn, Professor, Deakin Law School, Deakin University

    A LNG carrier departs Gladstone. Ivan Kuzkin/Shutterstock

    It surprised many Australians when the Coalition announced a plan straight from the progressive side of politics: force large gas companies to reserve gas for domestic use – at a lower cost than they could sell it for overseas.

    As a populist move during a cost-of-living election, it’s a good one. Australia’s gas producers sell 70% of gas extracted on the east coast overseas under long-term contracts, even as southeastern states such as Victoria face possible gas shortages. Western Australia has long had an effective policy requiring up to 15% of offshore gas to be reserved for domestic use.

    After a fortnight’s delay, the Coalition has now publicly released the modelling behind its policy. Undertaken by Frontier Economics, the modelling indicates that reserving 50 to 100 petajoules of gas in the first year would cut wholesale prices by 23%. This would mean a 15% drop in prices for large-scale users – but only a 7% fall for household gas bills and a 3% fall in electricity bills.

    This doesn’t sound like much, because it isn’t. Gas prices soared during the Ukraine war and haven’t yet returned to their pre-war levels. Labor has dubbed the plan “gaslighting”, and will rely instead on a gas policy released last year to open up more gasfields and build import terminals. Gas producers don’t like the Coalition’s plan, and neither does billionaire Liberal benefactor Gina Rinehart. Dutton’s plan isn’t crazy – it’s just not likely to make a big difference.

    Most of Queensland’s gas is exported at present.
    Chris Andrews Fern Bay/Shutterstock

    How would this gas reservation policy work?

    The Coalition has proposed what it calls an East Coast Reservation Scheme, with the goal of progressively decoupling Australia’s east coast gas market from the volatile international market.

    It has two parts. First, it would require new exporters, in the first year of operation, to reserve an additional 50–100 petajoules for the domestic market. Second, it would create a gas security charge, to be imposed on gas producers seeking to export “additional” (non-contracted) gas on the international market.

    This would give gas producers an incentive to sell non-contracted gas to the domestic market, because they would get greater profits selling in Australia, even at a lower base price.

    Further, the policy would prevent gas producers from charging domestic buyers international prices, setting a competitive price.

    In effect, the gas security charge is akin to a levy or a reverse tariff. The levy can be avoided if producers supply up to 100 petajoules to domestic markets. That’s about as much gas as New South Wales’ gas pipelines deliver each year – 101 petajoules (PJ) as of 2022–23, or the equivalent of 26 full liquefied natural gas (LNG) carriers, which hold about 3.8 PJ on average.

    What are the issues with this plan?

    There are legitimate concerns. First, the policy does not directly address domestic gas pricing and won’t help with the cost of living crisis. Over time, it could create a more competitive domestic market, but the fact producers could make marginally more money selling gas on the domestic market doesn’t guarantee change.

    Second, the policy does not directly address the looming gas supply crisis. That’s because existing gas producers would not be legally obliged to commit to more gas domestically – they could still export it. The obligation to commit an additional 50-100 petajoules to the domestic market only applies to gas exporters in their first year of operation.

    If policymakers want to solve the supply crisis, they would be better served by imposing direct export controls in the form of a clear gas reservation mandate. This works, as Western Australia’s long experience shows.

    How did we get here?

    When Russia invaded Ukraine in 2022, it led to huge spikes in global gas prices and shortages in Europe as the world moved away from Russian gas.

    In the 2010s, Australia had already been ramping up gas production. But in the wake of the Ukraine war, Australia became a major gas exporter. Producers traded as much gas as possible on the international market, selling it for over A$40/GJ. Meanwhile, Australia’s coal production was falling.

    Domestic gas demand shot up, and prices went from $8 to $30 a gigajoule. In response, the Albanese government introduced an emergency price cap for the wholesale gas market, prohibiting producers from entering into supply contracts with domestic purchasers for prices above a cap, currently set at $12/GJ. While the cap did partly insulate domestic consumers, it was always intended as a temporary measure.

    The Australian Competition and Consumer Commission recently predicted a gas supply shortfall of up to 40 petajoules in the southern states as early as September due to declining production in Victoria and South Australia as well as higher demand. Without access to uncontracted Queensland gas, supply will run very low. This is a significant energy security risk, and one the Coalition’s gas policy doesn’t directly address.

    Victorian residents are more reliant on gas than other states – and shortfalls are looming.
    M-Production/Shutterstock

    What’s next?

    Australia is one of the world’s top three LNG exporters. The fact a gas giant could be facing domestic shortages is both unnecessary and embarrassing. Reaching this point represents decades of policy failure.

    Reserving gas for domestic use works for the west coast, and it would work for the east. But the Coalition’s plan is not quite a gas reservation scheme. It doesn’t create a comprehensive reservation mandate and questions remain about its capacity to address domestic pricing and supply.

    At present, it seems like a lot of effort without great benefit. Will households really notice their gas bill is 7% cheaper?

    Samantha Hepburn does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. The Coalition’s domestic gas plan would lower prices – just not very much – https://theconversation.com/the-coalitions-domestic-gas-plan-would-lower-prices-just-not-very-much-254194

    MIL OSI Analysis – EveningReport.nz –