Bloomberg Fortescue Future Industries (FFI), one of the leading proponents of hydrogen, is exploring a more efficient way to ship the zero-emissions fuel overseas by using “green methane.” Green methane — essentially synthetic natural gas made using renewable energy — is a promising technology that would avoid the costs and technical difficulties of liquefying pure hydrogen, according to Mark Hutchinson, ...

  Bloomberg BHP group Ltd has made a binding offer to acquire Australian copper producer OZ Minerals Ltd. for $6.4 billion, securing its biggest deal in more than a decade and boosting exposure to key materials used in clean energy and electric cars. The A$28.25-a-share bid, first announced in November, will now go to shareholders for approval in late March ...

Bloomberg Germany is set to boost its reliance on coal as it battles an unprecedented energy crisis — even at the expense of its ambitious climate goals. Europe’s largest economy is burning the fossil fuel for electricity at the fastest pace in at least six years, data compiled by Bloomberg show. It’s also poised to be one of the few ...

  Bloomberg Shell Plc suspended production at a floating liquefied natural gas (LNG) facility off the west coast of Australia after a fire broke out, tightening fuel supplies to Asia right as winter starts to boost consumption. The “small fire” at the Prelude LNG facility was detected and was “quickly contained using a hand-held extinguisher,” Shell said in a statement. ...

Bloomberg China’s reopening is disrupting energy markets as the abrupt shift from Covid Zero shutters industry and upends the usual flow of commodities. A dramatic surge in infections is having a short-term impact on the supply chain for solar companies, the China Silicon Industry Association said in a statement. Many manufacturers of the wafers used in solar panels have curtailed ...

Bloomberg Australia is eyeing India’s burgeoning middle class to help offset the economic damage wrought to some of its major exports by the twin headwinds of Covid-19 and heavy restrictions imposed by its biggest trade partner, China. With a middle-to-high income population of about 85 million people, according to Pew Research — roughly three times Australia’s total population — it’s ...

  Bloomberg India is likely to spend less on subsidising fertilisers as global prices fall and the government looks to narrow its budget deficit, according to people familiar with the matter. Officials are considering slashing the fertiliser subsidy bill to 1 trillion to 1.5 trillion rupees ($18 billion) for the 2023-24 fiscal year starting April, according to the people, who ...

  Bloomberg Malaysia’s urbanisation rate has nearly tripled since 1970, with three-quarters of the nation’s residents now living in cities. The nation’s urban population expanded to 24.4 million in 2020 from 3 million in 1970, according to a report by the Department of Statistics. The rural population saw rose slightly to 8.1 million from 7.5 million in the period. The ...

Bloomberg Thailand will exceed its most-recent target for foreign tourist arrivals by about 15%, buoyed by a year-end rush of visitors from Europe and the United States, according to the government’s tourism agency. At least 11.5 million international travellers will come this year, compared to a target of 10 million, according to Yuthasak Supasorn, governor of the Tourism Authority of ...

  Bloomberg Shanghai, the world’s biggest container port, is isolating the shipment of international goods to prevent disruptions to global exports as a Covid wave sweeps across China. The port is keeping overseas vessels in a closed-loop zone to avoid massive delays, according to an oil-shipping broker. In addition, most infected staff have mild symptoms, and there are backup teams ...