First LNG Carrier to be Fitted with Wind Propulsion by MOL and Chevron

Rendering of the installation of the rigid sails on the first LNG carrier (MOL)

Published Sep 13, 2024 5:20 PM by The Maritime Executive

 

 

Wind-assisted propulsion which has been emerging on bulkers and tankers will be extended to LNG gas carriers under a new agreement between Mitsui O.S.K. Lines and Chevron Shipping Company. The companies report it will be added to an under-construction vessel and requires no significant changes to the standard LNG carrier.

MOL and Oshima Shipbuilding completed the development of a rigid sail made of a composite material of fiber-reinforced plastic. It was first introduced on a bulker in 2022 with MOL reporting plans to expand deployment to additional vessels. Currently, it is installed on two of the company’s bulkers, and in August 2024 MOL reported it had obtained design approval to incorporate the sail onto gas carriers.

Chevron has agreed to deploy the first gas carrier with the sail, which is being built by Hanwha Ocean for delivery in 2026. The vessel will be the standard size 174,000 cbm ship with a length of 938 feet (286 meters). 

It will be fitted with two Wind Challenger sails. Each will have three sections that telescope to a maximum height of approximately 161 feet (49 meters). Each is about 49 feet (15 meters) wide.

According to MOL, the installation position of the Wind Challenger will minimize the impact on the existing design of the LNG carriers. It will enable the retention of the existing mooring arrangement. It will also have a limited impact on the vessel’s windage area.

After 18 months of operation on the first vessel, a 100,000-dwt bulker transporting coal, MOL reported it had reduced daily fuel consumption by up to 17 percent. On average the fuel saving has been between five and eight percent per voyage.

The company has reported plans to expand the first installations with seven new construction bulkers. In addition, in 2025, they are planning the first retrofit of the Wind Challenger to an in-service bulker. The group plans to launch 25 vessels equipped with the Wind Challenger by 2030, increasing to 80 by 2035.

Qatar Christens New LNG Carrier Naming it for US Businessman Rex Tillerson

QatarEnergy named the first two vessels in its 100 ship building program (QatarEnergy)

Published Sep 10, 2024 7:14 PM by The Maritime Executive

 

In a unique step, QatarEnergy celebrated the naming of the first of its new LNG carriers and officiated the name of the vessel as Rex Tillerson, in recognition of the 42-year career and key role the former Chairman and CEO of ExxonMobil played in the development of Qatar’s LNG industry. Tillerson left ExxonMobil in 2017 becoming the U.S. Secretary of State until being fired (on Twitter) in March 2018 by then president Donald Trump.

Tillerson in a video message during the ceremony called it a great honor to have his name on the vessel. He highlighted the leadership of Qatar in developing the LNG industry and making the country one of the largest exporters in the world.

The ceremony took place today, September 10, at the Hudong-Zhonghua Shipyard, part of the China State Shipbuilding Company (CSSC) ahead of the delivery of the first two conventional LNG carriers built for QatarEnergy. The Rex Tillerson is scheduled for delivery on September 12 and will be followed later this month by the Umm Quvain Irina. CSSC highlights that nine of the 12 vessels ordered for the QatarEnergy expansion, and part of the massive 100-ship newbuild project, are currently under construction at the shipyard. Hudong-Zhonghau has launched the first five of the class.

 

The conventional sized vessel is the first of 104 being built for QatarEnergy (CSSC)

 

The ships measure 980 (299 meters) with a carry capacity of 174,000 cubic meters of LNG. While the standard dimensions of LNG carriers, CSSC says it is an advanced fifth-generation design. It adopts the latest design with double skeg lines, fuel-saving designs and technology, and technology management systems. It was classed by the American Bureau of Shipping (ABS).

QatarEnergy highlighted in April that it had completed the orders for a total of 104 conventional LNG carriers to support its expansion program. The orders were divided between China and South Korea.

 

 

Speaking during the ceremony in China, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, His Excellency Mr. Saad Sherida Al-Kaabi said, “This event embodies our commitment to meet the world’s growing need for cleaner energy and to be part of the global economic development for decades to come. As the first ship in our new LNG fleet, the Rex Tillerson will undoubtedly play a significant role as she carries Qatari-produced LNG to many receiving terminals across the globe. It is our honor to name the first vessel in Rex Tillerson’s name as a tribute to his life-long accomplishments and as a symbol of a special friendship.”

QatarEnergy yesterday also announced a further order placed with CSSC for six additional 271,000 cbm LNG carriers, which will be among the largest in the world. Hudong-Zhonghau is contracted to build 24 of the massive vessels which will also operate to support QatarEnergy’s export program from the new Northern Gas Field. With the opening of these facilities, Qatar is set to reclaim the title of the world’s largest LNG exporter after a recent challenge from the United States, which currently holds the title of the largest LNG exporter.

Qatar anticipates strong demand growth for LNG in the coming years and is investing heavily to expand its production and export capabilities. It is working with many of the leading shipping companies which will operate the new vessels which are due for delivery by 2030.

 

Six-minute video time lapse of LNG carrier construction (QatarEnergy)

Massive petroleum and natural gas reserves found in Pakistani waters: Report

A three-year survey was undertaken in collaboration with a friendly country to verify the presence of the oil and gas reserves

PTI

 Islamabad

 Published 07.09.24


A substantial deposit of petroleum and natural gas has been discovered in Pakistan’s territorial waters, a cache so large its exploitation could change the country’s destiny, according to a media report.

A three-year survey was undertaken in collaboration with a friendly country to verify the presence of the oil and gas reserves, DawnNewsTV quoted a senior security official as saying on Friday.

The geographic survey has allowed Pakistan to identify the location of the deposits, and the relevant departments have informed the government of the resources found in Pakistani waters.

Terming it an effort to benefit from what he called the ‘blue water economy’, the official said that proposals for bidding and exploration were being studied, meaning that the exploration work can be started in the near future.

However, he said the work of digging wells and actually getting oil out could take several years.

But the ‘blue water economy’ can yield more than just oil and gas; there are several other valuable minerals and elements that can be mined from the ocean.

The official said that taking the initiative and acting quickly could help turn around the country’s economic fortunes.

Some estimates suggest that this discovery constitutes the fourth-largest oil and gas reserves in the world.

Currently, Venezuela is thought to be the leader in oil reserves with around 3.4 billion barrels, while the US has the most untapped shale oil reserves.

Saudi Arabia, Iran, Canada and Iraq constitute the rest of the top five.

While talking to DawnNewsTV, former Ogra (Oil and Gas Regulatory Authority) member Muhammad Arif said even though the country should remain optimistic, there’s never 100 per cent certainty that the reserves would be discovered as expected.

When asked if these reserves are enough to meet the country’s energy needs, he said it depends on the size and recovery rate of the production.

“If this is a gas reserve, it can replace LNG imports and if these are oil reserves, we can substitute imported oil.” However, he cautioned that it is “wishful thinking” until the prospects for the reserves are analysed and the drilling process begins.

He pointed out that exploration alone required a hefty investment of around USD 5 billion and it might take four to five years to extract reserves from an offshore location.

He said if the exploration resulted in the discovery of reserves, then further investment would be needed for wells and laying down the infrastructure to extract the reserves and produce fuel, reported Dawn.

Further Sanctions to Degrade Russia’s Ability to Operationalize the Arctic LNG 2 Project


Press Statement

Matthew Miller, 

DOD

Department Spokesperson

September 5, 2024


In response to Russia’s continued war of aggression against Ukraine, the United States is imposing further costs on those supporting Russia’s war effort and attempting to expand Russia’s global energy leverage.

In today’s actions, the Department of State is targeting two entities and two vessels connected to attempts to export liquefied natural gas (LNG) from the U.S.-sanctioned Arctic LNG 2 project. The Department is sanctioning Gotik Energy Shipping Co (Gotik) and Plio Energy Cargo Shipping OPC PVT LTD (Plio Energy). Gotik and Plio Energy are the registered owner and commercial manager, respectively, of the LNG carrier (LNG/C) New Energy. LNG/C New Energy used deceptive shipping practices, including shutting off its automatic identification system, to load cargo from the U.S.-sanctioned Arctic LNG 2 project via a ship-to-ship transfer on August 25, 2024, with LNG/C Pioneer, a vessel blocked by the United States on August 23, 2024. We are also identifying one additional vessel managed and operated by Plio Energy, LNG/C Mulan, as property in which Plio Energy has an interest.

The U.S. government will continue to answer attempts to operationalize the sanctioned Arctic LNG 2 project or otherwise expand Russia’s energy capabilities with a swift response. Working alongside our G7 partners and other allies, we will remain steadfast in countering Russia’s exploitation of its energy resources for political gain.

Gotik and Plio Energy are being designated pursuant to Section 1(a)(vi)(B) of E.O. 14024, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Limited Liability Company Arctic LNG 2, a person whose property and interests in property are blocked pursuant to E.O. 14024. New Energy (IMO 9324277) is being identified as property in which Gotik has an interest, and Mulan (IMO 9864837) is being identified as property in which Plio Energy has an interest.

PUTTING LIE TO TRUMP LIES

'You Cannot In Fact Do Both': Biden Slammed for Bragging About Oil Production

"No you cannot 'do both.' That would be like sending 50,000 tons of lethal weapons to a brutal, murderous regime and then telling them you 'want a cease-fire,'" said Climate Defiance.


Campaigners with the Sunrise Movement assembled at the headquarters of President Joe Biden's 2024 campaign in Wilmington, Delaware on February 12, 2024.
(Photo: Sunrise Movement)

Brett Wilkins
Sep 03, 2024
COMMON DREAMS

Climate campaigners this week rebuked recent claims by U.S. President Joe Biden—and Vice President Kamala Harris, the 2024 Democratic presidential nominee—that the United States can simultaneously increase fossil fuel production and transition to a clean energy future.

On Saturday, Biden boasted on social media that "on my watch, we've responsibly increased our oil production to meet our immediate needs—without delaying or deferring our transition to clean energy."

"We're America," the president added. "We can do both."

In a simultaneous swipe at the Biden administration's climate record and support for Israel's annihilation of Gaza, the direct action group Climate Defiance retorted: "No you cannot 'do both.' That would be like sending 50,000 tons of lethal weapons to a brutal, murderous regime and then telling them you 'want a cease-fire.'"





Other climate groups and experts have also challenged Biden's position in recent days.


Climate scientist Peter Kalmus said on social media, "This is horrifying."


Fridays for Future USA contended, "You cannot in fact do both."


"You can't expand fossil fuels on Monday, expand renewables on Tuesday, and call it climate action on Wednesday," the youth-led movement added. "Do better."

Noting that Harris has also claimed that "we can do both," author and professor Genevieve Guenther asserted: "'We can do both' is apparently the climate and energy messaging on which the Harris campaign has settled. (Harris used the identical phrase in her CNN interview.) I understand it as a message that meets the moment. But it's not true, and I hope they don't believe it."


Despite lofty rhetoric and campaign pledges to center climate action—including by stopping new fossil fuel drilling on public lands—Biden oversaw the approval of more new permits for drilling on public land during his first two years in office than former President Donald Trump, the 2024 Republican nominee, did in 2017 and 2018.


The Biden administration has also held fossil fuel lease sales in the Gulf of Mexico and has approved the highly controversial Willow project, Mountain Valley Pipeline, and increased liquefied natural gas production and export before pausing LNG exports earlier this year.


Despite the pause—which campaigners are urging the Biden administration to make permanent—the president has also overseen what climate defenders have called a "staggering" LNG expansion, including Venture Global's Calcasieu Pass 2 export terminal in Cameron Parish, Louisiana and more than a dozen other projects that, if all completed, would make U.S. exported LNG emissions higher than the European Union's combined greenhouse gas footprint.


Biden also drew ridicule last year after he said he has "practically" declared a climate emergency—a longtime demand of activists. The president's claim came during a speech touting the clean energy provisions of the Inflation Reduction Act, which allocates hundreds of billions of dollars for climate-mitigating investments but also includes policies that anger green groups.


Climate campaigners widely agree that a Harris administration would be far preferable to one led by the climate science-denying Trump, one of whose mottos is "Drill, Baby, Drill." During his first term, Trump rolled back numerous climate-focused regulations and aggressively expanded U.S. fossil fuel production. Biden has reversed some of Trump's most impactful attacks on climate and environmental protections.


In April, Trump reportedly told fossil fuel executives that a $1 billion investment in his campaign would be a great deal for them due to all the taxes and regulations they would avoid under his administration.


Meanwhile, Harris is widely expected to continue many of Biden's climate and energy policies, including embracing fracked methane gas, which she once said she wanted to ban.

In another "we can do both" moment, Harris toldCNN last week that "what I have seen is that we can grow and we can increase a thriving clean energy economy without banning fracking."

Gaza, the Climate Emergency and Defeating Trump

By Ted Glick

September 2, 2024

Source: Originally published by Z. Feel free to share widely.


For the last 21 years, the primary issue I have focused on is the climate crisis. It’s a no-brainer for me: it is a scientific fact that time is running out to prevent ecosystem and societal unraveling unless the world rapidly stops burning coal, oil and gas and shifts onto wind and solar, in particular, as well as geothermal and flowing water as the dominant and ubiquitous sources of energy for transportation, power, heating and cooling. The tipping points, the points after which it will be extremely difficult to prevent that unraveling, are possibly just years, not decades, away.

But there are two other issues that I consider of great urgency right now: Gaza and Israel’s continuing anti-Palestinian crusade to take over all of Palestine, “from the river to the sea,” and the urgent necessity for the strongest possible defeat of Trump and MAGA on November 5.

What specifically am I doing and planning to do for the next two months in those three areas?

GAZA/PALESTINE: 

I will continue taking part in weekly, pro-ceasefire demonstrations every Friday in downtown Montclair, NJ organized by NJ Peace Action and be open to participating in others and responding to organized call-ins to elected officials. I will follow the news closely on a daily basis as to what is happening in Gaza and the West Bank, with the ceasefire negotiations, and with the mass movement inside Israel demanding elections to replace the repressive Netanyahu right-wing regime.

THE CLIMATE EMERGENCY: 

My immediate priority is helping to organize nonviolent direct action at the September 19th monthly meeting in Washington, DC of the commissioners who run FERC, the Federal Energy Regulatory Commission. FERC is responsible for the regulation of the US electrical grid, as well as deciding whether to grant permits for the expansion of the methane gas industry, which is today primarily a fracked gas industry.

When it comes to that second task FERC is a proven rubber-stamper: according to a study in 2022 by a House committee chaired by Jamie Raskin, between 2000 and 2020, out of 1,021 gas industry applications for permits to expand, only six were turned down. FERC is the epitomy of a rubber stamp agency.

There was a period of time in 2021 and 2022 when, under the leadership of Richard Glick (no relation), steps were taken to change this reality. In February, 2022, a Glick-led new policy was passed by a 3-2 vote of the FERC commissioners to mandate much stricter review of the greenhouse gas emissions and environmental justice impacts on local communities of proposed gas projects. In response coal baron Joe Manchin and Republicans on the Senate committee overseeing FERC brought heavy public pressure on the three Democrats who voted for it. Within a month, in March of 2022, one of them, Willie Phillips, changed his vote, no new policy was enacted and ever since, particularly after Manchin used his power to oust Glick at the end of 2022, followed soon after by Willie Phillips being named chair, FERC has continued with its rubber-stamping ways.

However, all is not lost! This summer, between mid-July and mid-August, the federal appeals court in DC which hears appeals of FERC decisions handed down three separate opinions voiding or remanding to FERC their approvals of permits for three LNG export terminals on the Gulf coast, a Texas pipeline and a pipeline project in NJ.

Why did this happen? Apparently a main reason is a Supreme Court decision on the “Chevron doctrine” earlier this year which weakened a 40-years long policy that courts should generally defer to internal decision-making processes of federal regulatory agencies. The not-so-Supremes said the courts could be more active in their oversight capacity. And the DC Court of Appeals took that decision and ran with it, to the detriment of the gas industry and the benefit of our disrupted climate.

On September 19th a coalition of climate action groups is organizing a large and visible presence outside and inside the first FERC commissioners meeting since these three decisions came down. A strong turnout will amplify the court decisions and ratchet up the public pressure on the FERC commissioners to finally do the right thing for local communities and the planet. Please learn more and plan to come if you can!

DEFEATING TRUMP/MAGA: What is the key to the defeat of would-be dictator, misogynist, racist and pathological liar Trump? ONE THING: A BIG TURNOUT! All of us who get it on the urgency of this election need to figure out how we can best take part in the phone calling, postcard writing and door knocking in the swing states of Wisconsin, Michigan, Pennsylvania, Georgia, North Carolina, Arizona and Nevada from now until November 5.

For myself I’ve begun to drive an hour and a half over to Pennsylvania on Saturdays to take part in door to door canvassing in the Allentown area, and I intend to keep doing so every Saturday that I can, which should be most of them. In addition this week I will start doing organized phone calling one, two or more evenings a week into swing states. I intend to “leave it all out on the field” in my small, one person way—which is all that most of us have!

I’m very glad that Harris and Walz, not Biden and Harris, are the Democratic nominees. That change has set in motion an historic and potentially powerful mass movement in defense of democracy and against the fascist threat. I love to see and hear the many thousands of people at Harris rallies chanting, “We won’t go back” and “When we fight, we win.” Without that fighting spirit on the part of millions, we have little chance of bringing about the transformational changes we need.

I am critical of more than a couple of the positions being taken, and not taken, by the national Democratic Party. I have no illusions that a Harris/Walz victory and Democratic control of the House and Senate will, alone, bring about the change this country and world desperately need, particularly right now on the climate crisis and Palestinian self-determination. But a winning result on November 5 will, in the words of the United Electrical Workers Union, allow us “to live to fight another day” and to do so with the wind at our back.

This result, for sure, is more than worth fighting for. If you are progressive it’s an existential necessity.


ZNetwork is funded solely through the generosity of its readers.  Donate

Ted Glick

Ted Glick has devoted his life to the progressive social change movement. After a year of student activism as a sophomore at Grinnell College in Iowa, he left college in 1969 to work full time against the Vietnam War. As a Selective Service draft resister, he spent 11 months in prison. In 1973, he co-founded the National Committee to Impeach Nixon and worked as a national coordinator on grassroots street actions around the country, keeping the heat on Nixon until his August 1974 resignation. Since late 2003, Ted has played a national leadership role in the effort to stabilize our climate and for a renewable energy revolution. He was a co-founder in 2004 of the Climate Crisis Coalition and in 2005 coordinated the USA Join the World effort leading up to December actions during the United Nations Climate Change conference in Montreal. In May 2006, he began working with the Chesapeake Climate Action Network and was CCAN National Campaign Coordinator until his retirement in October 2015. He is a co-founder (2014) and one of the leaders of the group Beyond Extreme Energy. He is President of the group 350NJ/Rockland, on the steering committee of the DivestNJ Coalition and on the leadership group of the Climate Reality Check network

 

Hapag and Gasum Set Bio-LNG Supply Contract for Rotterdam-Singapore Route

Hapag-Lloyd is taking delivery on its LNG-fueled ULCVs and will have a supply of bio-LNG to reduce emissions (Hapag-Lloyd)

Published Sep 2, 2024 7:58 PM by The Maritime Executive

 

A unique supply agreement has been set for the Nordic energy company Gasum to provide Hapag-Lloyd with bio-LNG to fuel containerships sailing between Singapore and Rotterdam in 2025 and 2026. The supply that will meet Hapag’s obligation under its contract with the cargo owners project, ZEMBA, is also seen as a key stepping stone toward the carrier’s goal to be net-zero carbon by 2045.

Bio-LNG is growing in favor among the shipping industry as an alternative that can reduce greenhouse gas emissions by up to 90 percent. Hapag will have one of the first large-scale supply contracts while Maersk also recently said it is also working on securing offtake agreements for liquified bio-methane (bio-LNG) as part of its fleet modernization program to ensure that its planned new dual-fuel gas vessels provide greenhouse gas emissions reductions in this decade. Bio-LNG is gaining due to the concerns for supply and cost of methanol as a marine fuel.

Hapag-Lloyd was announced in April 2024 as the winner of the first buyers’ agreement from ZEMBA (Zero Emission Maritime Buyers Alliance). The first-of-its-kind buyers alliance unites major shippers including Amazon, Patagonia, Bauhaus, New Balance, Nike, REI, and others which collectively agreed to purchase over one billion TEU miles on the route between Singapore and Rotterdam in 2025 and 2026. Hapag as the winner of the tender has agreed to provide an independently certified and exclusive waste-based biomethane service that can achieve at least a 90 percent reduction in greenhouse gases on a lifecycle basis relative to fossil fuel-powered shipping.

ZEMBA’s concept was by pooling demand they believe they can spur the fuel transition in shipping. Carriers bid for the contract assured of volumes and demand to help support the cost of the effort.

Gasum will bunker Hapag-Lloyd’s containerships with a total amount of 20,000 mt of bio-LNG during 2025-2026. The vessel will be operating on the Singapore-Rotterdam route effectively launching a long-distance green corridor. 

“This agreement demonstrates that the green transition in the maritime transport sector is picking up speed”, said Jacob Granqvist, VP of Maritime for Gasum. “We need all-hands-on-deck to drive the effort, and using bio-LNG to fuel maritime transports is an effective way to reduce emissions already today, rather than in a distant future.”

Gasum’s liquefied biomethane (bio-LNG) fuel is produced from waste feedstocks such as biowaste, sewage sludge, manure, and other industrial and agricultural side streams. On average, it will provide 90 percent lower emissions when compared with fossil fuel and the company highlights it can be used in all the same applications as natural gas, including as a road and maritime transport fuel and as energy for industry. The residual solids and liquids created in the biogas production process are also further processed and used as, for example, fertilizers in agriculture or raw material in industrial processes.

Gasum produces biogas in its own 17 biogas plants in Finland and Sweden and has supply contracts from other partners. The company says its goal is to offer seven TWh of renewable gas by 2027, including biomethane and e-methane. Achieving this goal would result in a combined CO2 reduction of 1.8 million tonnes per year.

EU imports from Russia drop to record lows but signs of sanctions circumvention persist


By Thomas Moller-Nielsen | Euractiv
Aug 28, 2024


Shutterstock/Darunrat Wongsuvan
 Euractiv is part of the Trust Project >>>


While EU imports from Russia slid to record lows in the second quarter of 2024, signs persist that Brussels’ sanctions on Moscow are being circumvented via trade with third countries.

Data published by the EU’s official statistics office on Wednesday (28 August) showed that the bloc’s imports from its eastern neighbour slid 16% from the first to the second quarter of 2024.

In June, the total value of imported goods dropped to €2.47 billion—the lowest monthly amount since Eurostat, the EU’s official statistics office, began collecting data in January 2002.

This followed April and May, which saw the second and third lowest recorded monthly imports, at €2.66 billion and €2.89 billion, respectively.

Exports registered a similarly steep decrease, dropping 9.5% in the second quarter to reach €2.43 billion in June, the lowest amount since January 2003 and the third-lowest ever recorded.

EU imports from Russia fell dramatically in the immediate aftermath of Moscow’s full-scale invasion of Ukraine in February 2022 but have declined at a more gradual pace since the second quarter of 2023.

Exports, meanwhile, experienced a steep – albeit less dramatic – decline following Russia’s invasion but have fallen at a similarly steady rate since the middle of 2022.

Philipp Lausberg, analyst at the European Policy Centre (EPC), told Euractiv that one likely reason for the trade quasi-stabilisation is that the more recent rounds of Brussels’ 14 packages of sanctions against Moscow have placed much less emphasis on banning the purchase of specific goods, such as oil and coal.

“The last two sanctions package […] focussed more on enforcement and preventing circumvention,” he said. “So I think it makes sense that we’ve reached a low that is more-or-less constant.”

Alexander Kolyandr, non-resident senior fellow at the Centre for European Policy Analysis (CEPS), suggested that another potential reason for the trade “equilibrium” is the relative stabilisation in commodities prices – especially energy prices – since the beginning of 2023.

“Russia is selling LNG [liquefied natural gas], there is no way for Russia to increase [supply], Europe doesn’t want to decrease [purchases of] whatever is coming from Russia – and so the bottom line figure basically depends on the market price of the commodities,” he told Euractiv.
Circumvention trend persists, but costs to Kremlin may be ‘significant’

The Eurostat data comes amid persistent concerns over sanctions circumvention, with trade between European countries and those in Asia, the Caucasus and the Middle East experiencing a steep increase since February 2022.

Kolyandr noted that, from 2021 to 2023, EU exports to Uzbekistan almost doubled from (€2.30 billion to €4.35 billion), sales of goods to Armenia nearly tripled (€757 million to €2.16 billion), and exports to Kyrgyzstan rose more than tenfold (€263 million to €2.73 billion).

“Russia has been proven to be able to circumvent sanctions by trading with third countries,” the analyst said, adding that non-former-Soviet countries such as China and Turkey could also represent key circumvention routes.

Lausberg, meanwhile, said that, although circumvention remains a major problem, “If Russia has to sell via a third country, that third country makes some cash with it that Russia loses.”

“And when Russia buys stuff like high-technology [products] and electronics, it’s more expensive than it used to be,” he added.
Russian economy overheated

Meanwhile, the two analysts noted that the EU and Russia seem to have embarked on diverging economic trajectories, with the latter enjoying much healthier economic growth – though that is not necessarily good news for the Eastern country.

According to the International Monetary Fund, Russia’s economy is expected to grow three times faster than the EU economy this year (3.2% vs 1.1%) after expanding six times more last year (3.6% vs 0.6%).

The country’s manufacturing sector has also experienced a significant boom since the beginning of the Ukrainian conflict, while Europe’s industrial sector remains mired in stagnation or decline.

Lausberg, however, noted that Russia’s strong economic performance is the result of a “rebound” from its steep economic slump in 2022, in no small part thanks to hefty increases in military expenditures – which he said have not only “distorted” the country’s economy but do not represent “an investment in the long run.”

He also pointed out that Russia is still grappling with severe economic problems, including profound labour shortages and elevated prices for high-tech imports.

“In the long [term], you can’t really run an economy with high-cost imports of technology [or] if you don’t have a labour force that can actually deliver what you want to produce,” the analyst said.

Kolyandr also noted the Russian economy continues to show signs of “overheating” (a process whereby supply falls short of meeting heightened demand, generating strong inflationary pressures).

He said virtually every economic metric corroborates the trend, with unemployment currently hovering at about half its historical average and real salaries rising more than two times faster than the country’s GDP.

Echoing what he previously argued about the country’s recent economic patterns, Kolyandr added, “In my view, the Russian economy is mortgaging its future.”

[Edited by Anna Brunetti/Alice Taylor-Braçe]

Fracking and the Green New Deal: What is Kamala Harris's track record on climate change?

Euronews Green
Fri, August 30, 2024


Kamala Harris has said her "values have not changed" on key issues such as climate change during her first major TV interview of this election campaign.

The US vice president is hoping to see off Republic contender Donald Trump in the election on 5 November. President Joe Biden endorsed her when dropping out of the race in July.

As the world’s largest historical contributor to climate change - still the second largest today after China - America’s political direction has huge ramifications for the rest of the planet.

Unsurprisingly this means the vice president’s track record on climate and environmental matters is in the spotlight.

What is Kamala Harris's position on climate change?

With only a few months to go until the election, Harris is unlikely to move far from Biden’s platform.

In an exclusive interview with CNN this week, she said that, despite shifts in her position on topics like fracking during her political career, her values have not changed.

In 2019, Harris said there was "no question" that she was in favour of banning fracking. But during her time in the Biden administration that position changed.

She told the US news channel on Thursday that she has seen that the US can grow and can "increase a thriving clean energy economy without banning fracking", adding that she had made clear in 2020 that she wouldn't ban the practice.

Harris also pointed to the Inflation Reduction Act - which pledged hundreds of billions of dollars in tax subsidies and grants for renewable energy projects - as an example of her climate record. Biden promised it would boost green jobs, support communities on the frontlines of pollution and more.

"You mentioned the Green New Deal. I have always believed - and I have worked on it - that the climate crisis is real, that it is an urgent matter to which we should apply metrics that include holding ourselves to deadlines around time. We did that with the Inflation Reduction Act," Harris said.

Her running mate, Tim Walz, also has a record of climate action in his home state. Last year, as Governor of Minnesota, he signed a law requiring all of the state's power plants to use 100 per climate-friendly energy, such as wind and solar power, by 2040.
A history of climate legislation

Harris would be taking over from a president who is proud of his climate record - and rightly so according to many experts.

In his letter to the nation on 21 July, Biden emphasised that on his watch, America “passed the most significant climate legislation in the history of the world” - referencing the Inflation Reduction Act.

“Biden will leave office with the strongest climate record of any president - making the largest ever investment in clean energy, regulating to reduce pollution from cars & power plants, bolstering clean energy supply chain resilience, & reasserting US global climate leadership,” says Jason Bordoff, founding director of Columbia's Center on Global Energy Policy.

On his first day as president in January 2021, Biden rejoined the Paris Agreement that his rival and predecessor Trump had taken the country out of.

President Joe Biden raises the hand of Vice President Kamala Harris after viewing the Independence Day fireworks in Washington, 4 July 2024. - Evan Vucci/AP

Harris was right there with him (that’s the vice president’s job) and has suggested she will take this green legacy forward. As the US’s top representative at the UN climate conference in Dubai last year, she said the world “must do more” on this vital issue.

At the same time, climate campaigners have criticised Biden’s administration for not doing more.

During his term, the US extended its lead as the world’s largest oil producer, and became the biggest exporter of liquefied natural gas (LNG).

Many environmentalists want to see the Democrats go much further in halting fossil fuel extraction. But are agreed that another four years with Trump at the helm - beside climate sceptic running mate JD Vance - is worth uniting against.
Previous Kamala Harris climate policies

This isn’t the first time Harris has run for president, and her short-lived 2019 bid provides some insights into her thinking - as does her record as California attorney general from 2011-2017.

In that role, she investigated ExxonMobil for misleading the public about climate change. Harris also prosecuted a pipeline company, Plains All-American Pipeline, over an oil spill off the California coast in 2015. And she secured an $86 million (€79 million) settlement for the state from car company Volkswagen for allegations of cheating on diesel emissions tests.

Prior to that, as San Francisco’s district attorney from 2004-2011, Harris created what she called the country’s first environmental justice unit to address environmental crimes (like hazardous waste dumping) against the district’s poorest residents.

"Crimes against the environment are crimes against communities, people who are often poor and disenfranchised," Harris said in 2005. "The people who live in those communities often have no other choice but to live there."

Commentators hope this impressive CV, and framing of pollution as crime, indicates a willingness to get tougher with the fossil fuel industry than Biden has.

Harris’s 2019 presidential bid supports this optimism too.

Back then, she called for a climate pollution fee that would "make polluters pay for emitting greenhouse gases into our atmosphere.” Harris also indicated that America would strengthen its enforcement and prosecution of fossil fuel companies under her leadership.

Another notable milestone on Harris’s climate CV: while serving as a California senator in 2019, she threw her support behind the Green New Deal as an early co-sponsor.


This ambitious blueprint for a green economy, first introduced by AOC and senator Edward Markey, proposed transitioning to 100 per cent clean energy within a decade.

Climate campaigners still believe in this agenda for a just transition and endorsements for Harris have rolled in from groups that see her as a potential ally on issues like climate change.

“We would fall out [of] a coconut tree for someone who ran on this,” Sunrise Movement, a coalition of young climate activists, posted on Instagram, referencing a Harris quote about everyone coming from somewhere rather than simply falling from a coconut tree.

She has so far picked up support from groups including the Sierra Club, the League of Conservation Voters and the Green New Deal Network alongside backing from former US climate envoy John Kerry.

Up next

Polls: Harris leads Trump in post-DNC afterglow

Faith E. Pinho

Fri, August 30, 2024 at 5:11 p.m. MDT·5 min read

Former President Trump on Thursday in La Crosse, Wis. Vice President Kamala Harris speaks that same day in Savannah, Ga. (Charlie Neibergall, Stephen B. Morton / Associated Press)

With just over two months left until Election Day, Vice President Kamala Harris has taken a slight lead over former President Trump in national polls and has made advances in several swing states that previously seemed locked up for Trump.

Poll after poll shows the race essentially tied, with leads for either Trump or Harris often within the margin of error.

Harris would take 45% of the nationwide vote, compared with Trump's 41%, according to a Reuters/Ipsos poll of registered voters, released Thursday. Her margin widened to 13 percentage points over Trump among women and Hispanic voters, the survey found.

Harris leads Trump 48% to 47% in a head-to-head matchup, according to a Thursday poll conducted by the Wall Street Journal, which noted the vice president holds a 2-point lead when independent and third-party candidates are factored into the survey.

And in a USA Today/Suffolk University survey, also released Thursday, Harris holds a 48%-to-43% lead over Trump.

The spate of new polls, released after the pro-Harris blitz at the Democratic National Convention wrapped up, reflects a dramatic shift in the state of the race since President Biden dropped out just over a month ago.

Read more: New promise, awkward moments: 5 takeaways from Harris and Walz’s first interview

The Trump campaign anticipated the post-DNC bump of support for Harris, saying in a statement before her acceptance speech Aug. 22, "These bumps do not last." The campaign noted that it had also predicted a "honeymoon" period of positive polling and good press after Harris' nomination, adding that it blamed the media, which it said had "decided to extend the honeymoon for over 4 weeks now."

Narrow margins in swing states

Both the Trump and Harris campaigns have been zeroing in on the swing states likely to determine the election. Harris and her running mate, Minnesota Gov. Tim Walz, campaigned in Georgia and North Carolina this week and announced a "reproductive freedom bus tour" across several battleground states, beginning next week. Meanwhile, Trump and his running mate, Ohio Sen. JD Vance, visited Michigan, Wisconsin and Pennsylvania.

The Reuters/Ipsos poll found that Trump led Harris 45% to 43% among registered voters across the seven battleground states of Wisconsin, Pennsylvania, Georgia, Arizona, North Carolina, Michigan and Nevada. But a Bloomberg News/Morning Consult poll showed Harris either leading or tied with Trump in the same states.

A Fox News poll conducted over the weekend showed Harris leading by 1 percentage point in Arizona, and by 2 points in Georgia and Nevada. Trump was up 1 point in North Carolina, according to the Fox News poll.

The Fox News polling finds Harris keeping pace with the support that won President Biden the election in 2020; he eked out leads in Arizona, Georgia and Nevada while Trump won North Carolina. In the 2024 campaign, Trump previously held a commanding lead in the four Sun Belt states before Biden dropped out, according to Fox News polls conducted earlier this year.

Read more: Trump asks federal court to intervene in hush money case in bid to toss conviction, delay sentencing

Harris maintained a 1-point lead across the four states even when third-party candidates such as Chase Oliver, Jill Stein and Cornel West were included, the Fox News survey found.

Issues voters care about

More Americans trust Harris on the issues of abortion, healthcare, uniting the country, fighting for the people and bringing needed change, according to the Fox News poll. But Trump is the go-to candidate for border security and immigration, the economy and the Israel-Hamas war, it found.

Voters who spoke to Reuters/Ipsos pollsters agreed that Trump would have a better approach to managing the U.S. economy — 45% compared with 36% for Harris. But they preferred the vice president at a 47% to 31% advantage on the issue of abortion policy.

Read more: As parents of Israeli American hostage address DNC, critics ask: Why no pro-Palestinian speakers?

On the topic of democracy and election integrity, 68% of voters in a poll conducted by ABC News/Ipsos said that Harris was likely to accept the election results, compared with just 29% who said the same about Trump. As for the voters themselves, 81% said they would accept the outcome no matter who won.

Pro-Palestinian voters continue to show discontent

Harris' numbers are not all so bright, however. The Council on American-Islamic Relations found in a poll released Thursday that 29.4% of American Muslims intend to vote for Harris — nearly tying with their support for Green Party candidate Stein at 29.1%. The findings reveal that American Muslims continue to press their complaints about the Biden-Harris administration's policies on Gaza.

Trump voters made up 11.2% of those polled, with small percentages for West and Oliver. About 16% said they were undecided.

During the spring's Democratic primaries, many Muslims and pro-Palestinian voters showed their discontent with Biden by casting ballots marked "uncommitted." This was especially true in Michigan, a swing state where Biden won by less than 3% of the vote in 2020 and home to the largest population of Arab Americans in the nation. More than 13% of voters cast "uncommitted" ballots in the state's February primary.

Stein, a long-shot third-party candidate, frequently runs in presidential elections without notching much support countrywide. But CAIR's survey shows that she provides an outlet for disgruntled Americans to register their discontent. Still, Harris' prospects among American Muslims are an improvement over Biden's. In a previous survey of 2,500 Muslim Americans, CAIR found that they supported Biden at 7.3%, compared with Trump at 4.9%. Overwhelming support went to third-party candidates Stein at 36% and West at 25.2%.

The RFK Jr. effect

When Robert F. Kennedy Jr. dropped out of the race last week and endorsed Trump, pundits were aflutter with questions about how his decision would affect the leading two candidates. Early polling shows that the remaining support for Kennedy — which had diminished after Biden dropped out and Harris became the Democratic nominee — is turning toward Trump.

The Fox News poll found that 3 in 4 voters who had a favorable view of Kennedy now support Trump.

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This story originally appeared in Los Angeles Times