Bangladesh faces power blackout after national grid fails | Energy News

Other than elements of Bangladesh’s northwest, ‘the remainder of the nation is with out energy’, says an official.

About 140 million folks in Bangladesh are with out energy after a grid failure prompted widespread blackouts, the federal government’s utility firm mentioned.

The grid failed at 2pm (08:00 GMT) and, aside from elements of Bangladesh’s northwest, “the remainder of the nation is with out energy”, Energy Growth Board spokesman Shamim Ahsan mentioned on Tuesday.

Officers of the state-run Bangladesh Energy Growth Board mentioned energy transmission failed someplace within the japanese a part of the nation.

All energy vegetation tripped and electrical energy was reduce within the capital Dhaka and different huge cities, mentioned Hasan.

Engineers have been making an attempt to find out the place and why the glitches occurred and it may take hours to revive the system, he mentioned.

Bangladesh’s latest spectacular financial development has been threatened by energy shortages for the reason that authorities suspended operations of all diesel-run energy vegetation to scale back the price of imports as costs have soared.

The diesel-run energy vegetation produced about 6 % of Bangladesh’s energy era, so their shutdowns reduce output by as much as 1500 megawatts.

Earlier this month, Faruque Hassan, president of Bangladesh Garment Producers and Exporters Affiliation, mentioned that the scenario is so severe that garment factories are with out energy now for 4 to 10 hours a day.

Bangladesh is the world’s second-largest garment exporter after China, and it earns greater than 80 % of its complete overseas foreign money from these exports annually.

Final month, the Asian Growth Financial institution mentioned in a report that Bangladesh’s financial development would sluggish to six.6 % from its earlier forecast of seven.1percent within the present fiscal 12 months.

Weaker shopper spending as a consequence of sluggish export demand, home manufacturing constraints and different elements are behind the slowdown, it mentioned.

What’s behind the latest setback in the Iran nuclear talks? | Nuclear Energy News

Video Length 24 minutes 10 seconds

From: Inside Story

European leaders say they doubt Tehran’s intentions to revive the 2015 settlement.

France, the UK and Germany have raised questions on Iran’s intentions to revive the 2015 nuclear settlement.

This comes days after Tehran despatched its response to the European Union’s newest proposed textual content for reviving the deal.

The three Western nations say Iran’s calls for are stopping talks from resuming in Vienna.

Iran has denied the European allegations.

So, is a deal nonetheless potential?

Presenter: Hashem Ahelbarra

Company:

Hillary Mann Leverett – former US Division of State diplomatic official and former US-Iran negotiator

Mohammad Marandi – media adviser for the Iranian negotiating staff in Vienna and a professor on the College of Tehran

Germany announces $65bn plan to combat rising energy prices | Energy News

The German authorities has introduced a $65bn plan to assist folks and companies deal with hovering costs as a number of European nations introduce emergency measures to organize for an extended winter within the wake of disruption in Russian fuel provides to Europe following the Ukraine warfare.

German Chancellor Olaf Scholz on Sunday introduced a sequence of measures in mild of expectations that vitality prices would soar within the coming months. Power costs have skyrocketed as Europe has been making an attempt to wean itself off Russian vitality following Moscow’s invasion of Ukraine in late February.

Two days in the past, Moscow shut a predominant pipeline supplying fuel to Europe indefinitely, forcing nations like Germany to hunt various vitality provides elsewhere.

Scholz mentioned his authorities had been planning for a complete halt in fuel deliveries in December however he promised that his nation would make it by means of the winter.

“Russia is not a dependable vitality companion,” Scholz informed a information convention in Berlin.

The German chief mentioned the bundle is aimed toward shielding prospects and companies from hovering inflation with measures together with profit hikes and a public transport subsidy.

Earnings tax-paying staff will obtain a one-off vitality value allowance of $300, whereas households will obtain a one-time bonus of $100 per youngster, which doubles for these on low incomes.

Over the following few years, some $12bn to $13bn can be allotted yearly to subsidise renovations to previous buildings.

Nevertheless, German households should pay virtually $500 extra a 12 months for fuel after a levy was set to assist utilities cowl the price of changing Russian provides.

The levy, launched to assist Uniper and different importers deal with hovering costs, can be imposed from October 1 and can run till April 2024.

‘A decisive vitality blow’

In his each day video tackle on Saturday night time, Ukrainian President Volodymyr Zelenskyy informed Europeans to count on a tough winter after Moscow shut down the Nord Stream 1 pipeline.

“Russia is getting ready a decisive vitality blow on all Europeans for this winter,” he mentioned.

Final week Moscow mentioned it could maintain the Nord Stream 1 pipeline, its predominant fuel channel to Germany, closed and G7 nations introduced a deliberate value cap on Russian oil exports.

The Kremlin mentioned it could cease promoting oil to any nations that carried out the cap.

“The German authorities is saying the nation can final the winter, having constructed up fuel reserves to 85 p.c of capability,” mentioned Al Jazeera’s Harry Fawcett.

“However vitality stockpiling by Germany and different European nations has helped ship costs skyward together with fears for hundreds of thousands dealing with gasoline poverty.”

International locations throughout Europe are contemplating related measures.

In Italy, the federal government not too long ago authorized a $17bn assist bundle to assist protect companies and households from galloping vitality prices and rising shopper costs.

That comes on high of some $35bn budgeted since January to melt the impact of sky-high electrical energy, fuel and petrol prices.

Below the bundle, Rome prolonged to the fourth quarter current measures aimed toward reducing electrical energy and fuel payments for low-income households in addition to decreasing so-called “system-cost” levies.

A lower in excise duties on gasoline on the pump that was set to run out on August 21 was prolonged to September 20.

Italy can be contemplating stopping vitality corporations from making unilateral adjustments to electrical energy and fuel provide contracts till April 2023, in line with draft measures authorized by the federal government in early August.

Value-of-living disaster

“Italy has spent 100 billion euros on fuel and vitality and it’s some of the uncovered to Russian imports,” mentioned Ben Aris, founder and editor of bne IntelliNews, a specialist enterprise, economic system and finance outlet protecting Russia and Japanese Europe.

“To place that in context, it prices round 12 billion euros for a rustic like that. That is very costly and what we’re seeing now’s the prices beginning to spill over,” he informed Al Jazeera.

A banner reading "energy crisis, inflation, impoverishment = government failure" is put on a vehicle in Magdeburg, Germany.
A banner studying “vitality disaster, inflation, impoverishment = authorities failure” is placed on a car as folks protest in Magdeburg, Germany [File: Fabrizio Bensch/Reuters]

Finland and Sweden on Sunday additionally introduced plans to supply billions of {dollars} in liquidity ensures to vitality corporations of their nations after Russia’s Gazprom shut the Nord Stream 1 fuel pipeline, deepening Europe’s vitality disaster.

Finland is aiming to supply $10bn and Sweden plans to supply $23.2bn (250 billion Swedish crowns) in liquidity ensures.

“The federal government’s programme is a last-resort financing choice for corporations that might in any other case be threatened with insolvency,” Finland Prime Minister Sanna Marin mentioned at a information convention.

In the meantime, UK Conservative management hopeful Liz Truss has introduced she intends to stipulate her imaginative and prescient on take care of rising vitality prices inside every week if she turns into prime minister on Tuesday.

The UK has a value cap on probably the most extensively used family vitality contracts however vitality payments will bounce 80 p.c, to a mean of three,549 kilos ($4,188) a 12 months from October, regulator Ofgem mentioned, calling it a “disaster” that wanted to be tackled by pressing and decisive authorities intervention.

Iran deploys more centrifuges as it proposes new round of talks | Nuclear Energy News

Tehran, Iran – Iran has begun the method of feeding gasoline into cascades of latest centrifuges as its prime diplomat proposed a brand new spherical of negotiations in Vienna to revive the nation’s 2015 nuclear take care of world powers.

Behrouz Kamalvandi, spokesman of the Atomic Power Organisation of Iran (AEOI), instructed state tv Monday evening that an order was given to start feeding gasoline into “lots of” of each first-generation IR-1 and superior IR-6 machines.

He mentioned the Worldwide Atomic Power Company (IAEA) was knowledgeable of the transfer, which based on Kamalvandi is in step with a December 2020 parliament legislation that demanded elevated uranium enrichment utilizing superior machines till such a time that unilateral United States sanctions are lifted.

This got here hours after Iran’s Overseas Minister Hossein Amirabdollahian mentioned Tehran is reviewing what was billed as a ultimate proposed textual content by the European Union’s international coverage chief Josep Borrell final week to “conclude” negotiations that started within the Austrian capital in April 2021.

“We’ve introduced our readiness so in a specified time the delegations of Iran, 4+1 and the US – not directly – can comply with up on their talks in Vienna to pursue outcomes,” Amirabdollahian mentioned in reference to the nuclear-deal events China, Russia, France, Germany, and the UK.

 

The negotiations in Vienna to revive the Joint Complete Plan of Motion (JCPOA), because the deal is formally recognized, had been placed on “pause” in March after most points had been resolved, leaving solely a handful of impactful factors left that must be determined politically.

However oblique negotiations between Tehran and Washington have since stalled, and a two-day spherical of talks in Qatar in late June additionally concluded with out progress. It’s nonetheless unclear whether or not the US and its European allies will conform to a brand new spherical of talks whereas the EU has known as for a ultimate political determination on its proposed textual content.

For his half, the Iranian international minister on Monday reiterated that Tehran desires its “purple strains” thought-about in a possible settlement, which he mentioned may materialise if Washington exhibits “flexibility” and a “life like” strategy.

Throughout a convention in New York on Monday geared toward reviewing the events to the Non-Proliferation Treaty (NPT), US Secretary of State Anthony Blinken mentioned a restored JCPOA stays the “finest final result” for international nonproliferation.

The US unilaterally deserted the deal in 2018 beneath former President Donald Trump, imposing harsh sanctions which have since been enforced and expanded upon by President Joe Biden.

The Biden administration imposed new sanctions on Monday to focus on Iran’s petrochemical exports, a transfer that Iran’s international ministry denounced as a continuation of the “failed US most strain coverage” and likewise as a result of it got here as dozens of Iranians have died because of flash floods throughout the nation.

‘In a position however not planning to make a bomb’

Addressing the identical convention, IAEA Director-Common Rafael Grossi mentioned if Tehran desires to show the peacefulness of its nuclear programme, it should grant “full data” to the company.

“The dearth of progress in verifying the peaceable nature of Iran’s nuclear programme could have penalties on the regional safety panorama,” he mentioned.

Iran dismantled 27 company cameras lined by the JCPOA in June after a decision censuring its inadequate cooperation with the company was put ahead by the US, UK, France and Germany and was handed by the company’s board of governors.

The developments come as a number of high-ranking Iranian officers have mentioned in current weeks that Iran has the technical capability to make a nuclear bomb, but it surely has no plans to take action.

Iran’s nuclear chief Mohammad Eslami was extensively quoted by Iranian media as making that assertion on Monday, however AOEI spokesman Kamalvandi rapidly sought to make clear, saying Eslami was “misunderstood and misjudged” by the media when he mentioned that.

“Iran’s strategic potential and navy energy is deterrent sufficient to repel any international threats, thus rendering it pointless for the nation to design and develop nuclear weapons,” Kamalvandi mentioned.

However two different figures, advisers to Supreme Chief Ayatollah Ali Khamenei – Kamal Kharrazi and Mohammad Javad Larijani – have mentioned up to now month that Iran has the power however no plan to construct nuclear weapons, signaling new rhetoric in Tehran’s messaging to the West.

Iran’s official stance stays that it by no means has and by no means will search a bomb, in accordance with a ruling by the supreme chief.

US targets Chinese, UAE companies in new Iran sanctions | Nuclear Energy News

US official says absent return to nuclear deal, Washington will use sanctions to restrict Iranian petrochemical exports.

America has imposed sanctions on Chinese language and Emirati firms, in addition to a community of Iranian petrochemical producers, accusing them of serving to to “evade sanctions” by supporting the sale of Iran’s petrochemical merchandise overseas.

In a press release on Thursday, the US Division of the Treasury stated it had imposed penalties on two firms based mostly in Hong Kong, three in Iran, and 4 within the United Arab Emirates.

Sanctions additionally have been imposed on Chinese language citizen Jinfeng Gao and Indian nationwide Mohammed Shaheed Ruknooddin Bhore.

“America is pursuing the trail of significant diplomacy to attain a mutual return to compliance with the Joint Complete Plan of Motion,” stated Below Secretary of the Treasury for Terrorism and Monetary Intelligence Brian E Nelson, referring to the Iran nuclear deal.

“Absent a deal, we are going to proceed to make use of our sanctions authorities to restrict exports of petroleum, petroleum merchandise, and petrochemical merchandise from Iran.”

Former US President Donald Trump unilaterally withdrew from the JCPOA in 2018 and began a “most stress” marketing campaign of sanctions towards the Iranian financial system that his successor Joe Biden has continued to implement.

Tehran has been escalating its programme in response to Washington’s withdrawal from the pact.

Iranian officers say they need all US sanctions lifted instantly, whereas the Biden administration is asking for a mutual return to compliance that might see an finish to nuclear-related sanctions and a scaling again of Iran’s nuclear programme.

However a number of rounds of negotiations have been unsuccessful in restoring the settlement.

One of many key sticking factors seems to be the US designation of Iran’s Islamic Revolutionary Guard Corps (IRGC) as a “overseas terrorist group”. Tehran desires the designation lifted, however Washington up to now has been reluctant to do it.

Iran’s deputy overseas minister for financial diplomacy dismissed the brand new US sanctions on Thursday as ineffective.

“Our petrochemical trade and its merchandise have lengthy been below sanctions, however our gross sales have continued by means of varied channels and shall proceed to take action,” Mehdi Safari advised Iranian state tv.

Henry Rome, deputy head of analysis on the Eurasia Group, stated the sanctions might intention each to boost stress on Iran and to blunt US home critics who’ve argued that Biden has didn’t rein in Iran’s nuclear programme.

“Washington is probably going aiming to boost the prices for Iran of a continued no-deal situation whereas additionally deflecting home and overseas criticism that it’s permitting its Iran coverage to float,” Rome advised the Reuters information company.

He added that any single sanctions motion was unlikely to vary pondering in Iran or China absent a broader technique.

China has remained the highest purchaser of Iranian oil, whereas India reluctantly ended imports below US stress.

“Certainly, Tehran might calculate that given the state of the oil market and international inflationary pressures, a concerted [US] marketing campaign to break down Iranian power exports to Trump-era ranges is just not within the playing cards within the close to time period,” Rome stated.

Ukraine war speeds Greece’s transition to EU energy gateway | Russia-Ukraine war

Athens, Greece – In a few month, Greece will end constructing a pipeline to Bulgaria that can finish Russia’s gasoline monopoly there and in southeast Europe.

Russia has equipped 90 p.c of Bulgaria’s gasoline till now, however on April 27, it minimize Bulgaria off after Sofia stated it might not renew its contract with Russian gasoline large Gazprom on the finish of the 12 months.

Poland stated the identical, and suffered the identical destiny.

“[Russian President Vladimir] Putin didn’t need it to appear as if he’d misplaced shoppers, so he threw them out early,” stated Mike Myrianthis, an oil business veteran and analyst.

Bulgaria is now seeking to the Interconnector Greece-Bulgaria, as the brand new pipeline is known as, to produce it with gasoline from Azerbaijan, which Greece receives by way of the Trans-Anatolian pipeline that traverses the Caucasus and Turkey.

“Since a couple of days in the past, Bulgaria is already out of the [Russian] pipeline system and totally depending on Greece [for gas]. That has by no means occurred earlier than. Greece has by no means been accountable for securing one other nation’s vitality safety,” stated Michalis Mathioulakis, who heads the Greek Vitality Discussion board, a think-tank.

What provides the IGB strategic significance, nonetheless, is that it may quickly grow to be the means for supplanting Russian gasoline all through the Balkans with liquefied pure gasoline from the US, Qatar, Egypt and elsewhere.

On January 31, a consortium of Greek, Cypriot, Bulgarian and Italian firms introduced that they’ll construct a floating terminal to import LNG offshore Alexandroupolis, in northern Greece.

This floating storage and regasification unit (FSRU), which can re-vaporise liquefied gasoline, will hook up with the IGB pipeline and begin supplying it on the finish of subsequent 12 months.

“I firmly consider that we’re witnessing a brand new daybreak in Europe’s vitality independence,” stated European Council president Charles Michel, at a ceremony to focus on the FSRU in Alexandroupolis on Could 3.

Curiosity within the undertaking has prolonged past Bulgaria.

North Macedonia, whose prime minister was additionally in attendance, was reportedly concerned about changing into a shareholder within the FSRU.

With Russian gasoline provide now embroiled within the politics of its conflict in Ukraine, even Russia-friendly Serbia is intrigued.

Its president, Aleksandar Vucic, instructed the Could 3 gathering of regional leaders, “I used to be one of many sceptics who all the time stated, ‘It received’t occur’ … Now that we see it’s prepared to start out, I can say we’re really grateful and we’re ready to obtain comparatively giant portions of gasoline.”

Mathioulakis instructed Al Jazeera, “[Southeast Europe] will rely increasingly more on gasoline that comes from Greece, so its geopolitical footprint within the Balkans will increase.”

Greece is changing into a gateway for LNG as a result of it’s surrounded by sea.

It has the one LNG import terminal within the Balkans as far north as Croatia, however its capability can barely cowl Greek demand in the intervening time.

However demand for non-Russian gasoline within the area has been rising so quick that the consortium constructing the Alexandroupolis FSRU, Gastrade, utilized for, and obtained, a licence for a second FSRU.

The Ukraine conflict was the important thing catalyst each for larger demand and for larger costs.

Motor Oil Hellas, a refinery close to Korinth in southern Greece, has been contemplating its personal FSRU. Earlier this 12 months, it performed a market take a look at petroleum business circles stated was extremely profitable, and an funding resolution is predicted this 12 months.

Yet one more FSRU is at a conceptual stage of growth offshore the japanese Greek port of Volos, which might be sponsored by ExxonMobil and buyers from the Gulf.

And Greece’s current LNG terminal at Revythousa close to Athens is being optimised to function at capability.

“Greek LNG terminals will likely be ready to totally cowl not solely the Greek market, however to supplant a good portion of Russian pure gasoline to the Balkans,” stated Greek Prime Minister Kyriakos Mitsotakis.

“Moscow’s latest pure gasoline blackmail now render this cooperation not simply vital however, I’d say, pressing,” he stated.

Mitsotakis believed the initiatives which might be in superior phases of planning or building can be able to bringing in about 21 billion cubic metres (bcm) of gasoline a 12 months. In the course of the subsequent three years, Greece’s consumption has been projected to rise to soak up about half that quantity, leaving about 10bcm a 12 months for export to the Balkans.

The IGB can carry solely 5.5bcm a 12 months, however that might change if Greece sees demand for LNG past the Balkans.

“We’ll see over time what number of EU nations will demand LNG gasoline from Greece by means of this technique,” stated Myrianthis.

“It’s clear {that a} second pipeline will likely be made, parallel to IGB … The route is now a given. The land has been appropriated so there are not any bureaucratic hurdles. It can occur in a short time, so you’ll be able to simply attain 10bcm a 12 months,” he instructed Al Jazeera.

Compressors may conceivably double that, making IGB a rival to Turkish Stream, the Russian-built pipeline that crosses the Black Sea to feed into southeast Europe.

Greece has additionally been planning a separate interconnector to North Macedonia, and outdated, Soviet-era pipelines that used to convey Russian gasoline south are being reversed to hold LNG north to Bulgaria and North Macedonia.

However essentially the most audacious use of Russian infrastructure in opposition to Moscow continues to be to return, believed Myrianthis.

A Gazprom-led consortium has simply constructed a brand new pipeline traversing Bulgaria and Serbia to succeed in Hungary. Moscow meant it as an extension of Turkish Stream, pumping 15bcm per 12 months of Russian gasoline into the Balkans.

The EU has banned Russian coal and is within the technique of banning Russian oil.

Many analysts believed gasoline may comply with, stranding Russian gasoline infrastructure.

“EU sanctions [will at some point stop] Russian gasoline from flowing in it, and the gasoline from Alexandroupolis can movement by means of IGB and into this infrastructure. That is the geopolitical significance [of IGB],” stated Myrianthis.

Greece is able to play the position of gasoline conduit because of the final main Russian gasoline disaster of 2009, when Russia minimize off provide to Ukraine in midwinter, resulting in shortages and energy cuts all through southeast Europe.

That was when the European Fee started to fund the so-called “Southern Gasoline Hall”, which led to the creation of the Trans-Adriatic Pipeline bringing Azeri gasoline throughout Greece. That was additionally when Gastrade utilized to licence the Alexandroupoli FSRU.

The idea of a southern vitality hall is being expanded.

The EU introduced this 12 months that it’s going to spend 657 million euros ($693m) to put a two-gigawatt undersea electrical energy cable to import electrical energy from Israel by way of Cyprus and Greece to the EU grid. Greece can even be the conduit for the same cable stretching from Egypt.

“Unquestionably the geopolitical significance of [Greece] is rising,” stated Thrasy Marketos, a visiting lecturer in Eurasian geopolitics on the College of the Peloponnese.

“Russia has tried to encompass Japanese Europe by means of its vitality wants in recent times … Putin understands Europe’s strategic vitality safety as a geopolitical recreation to divide Europe and promote his personal coverage.”

Since Putin declared conflict on Ukraine, the EU appeared to have declared conflict on his vitality coverage.