• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 8 minutes The Inconvenient Truth Of Electric Cars
  • 12 minutes The Plastics Problem
  • 10 hours Here we go folks, the wish of so many: Pres. Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions
  • 3 hours To be(lieve) or Not To be(lieve): U.S. Treasury Secretary Says U.S.-China Trade Deal Is 90% Done
  • 4 hours SHALE MAGIC: Let the oil flow: US to lead oil output growth through 2030: ConocoPhillips chief economist
  • 41 mins EIA reports 12 mm bbls Inventory draw . . . . NO BIG DEAL . . . because U.S. EXPORTED RECORD 12 MILLION BARRELS DAY OF CRUDE + PETROLEUM PRODUCTS ! ! ! THAT'S HUGE !
  • 5 hours Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 10 hours Looks like Trump is putting together a "Real" Coalition to protect Persian shipping lanes. Makes perfect sense. NO Fake "Coalition's of the Willing" UPDATE REUTERS Pompeo "Sentinel Program"
  • 12 mins Its called reality: Economic, policy challenges to make Asia's energy transition painfully slow
  • 18 hours Hard To Believe: UAE Will Work To Defuse Middle East Tension
  • 5 hours On the hobby side of things
  • 22 hours Here We Go: New York Lawmakers Pass Aggressive Law To Fight Climate Change
  • 12 hours Cap and trade: What could Oregon’s carbon policy cost you?
  • 16 hours Oil Demand Needs to Halve: Equinor
The LNG Shipping Market Is Set For A Bull Run

The LNG Shipping Market Is Set For A Bull Run

In contrast to the volatile…

The Last U.S. Oil Major In Venezuela

The Last U.S. Oil Major In Venezuela

Chevron is the last U.S.…

Qatar Opens First EVs Charging Station

Tesla EV

Qatar, the world’s largest liquefied natural gas (LNG) exporter and OPEC member, has just opened its first electric vehicle (EV) charging station as part of a broader program to encourage the use of EVs and cut carbon emissions.

Qatar Electricity and Water Corporation, Kahramaa, has opened the first of nine charging stations under the first phase of Qatar’s ‘Green Car Initiative’. The first phase is a joint collaboration of Qatar’s program for energy efficiency Tarsheed, Siemens Qatar, and the real estate division of Alfardan Group. Siemens Qatar oversees the technical aspect of the project, local media report.

In May last year, Kahramaa and Qatar’s energy and transport ministries launched the ‘Green Car Initiative’ aiming to have 10 percent of the nation’s car fleet comprised of EVs by 2030.

Under a national strategy for sustainable and efficient energy that includes EV adoption, Qatar targets to reduce its carbon emissions by 17 percent by 2022. The Green Car Initiative aims to raise the share of electric or hybrid cars to between 2 percent and 4 percent of all cars in the country by 2022.

The Middle East is also trying to ride the EV wave as a means to diversify its economies, but also because the oil price crash emptied government coffers and some countries started to reduce the generous fuel subsidies for the gasoline that the local SUV-dominated fleet is consuming.

Related: Oil Majors: New Tech Will Save The Industry

Even Tesla set up shop in the Middle East, in the United Arab Emirates, last year.

At the end of November 2017, Chevrolet Middle East said that its Chevrolet Bolt electric vehicle was to arrive to Dubai, in the UAE, and select markets in the Middle East within a year.

The rise of the EVs threatens to speed up the arrival of peak global oil demand that would hurt Middle Eastern oil producers. In one of the latest views on the peak oil issue, Fitch Ratings said last week that greater product awareness and technological changes could fast track the adoption of EVs that could plausibly lead to peak oil demand before 2030.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News