• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 2 hours Can I Sue This Site for If People Post Inaccurate Information?
  • 5 hours Yale University Epidemiologist Publishes Paper on Major Benefits of Hydroxchloroquine for High-risk Outpatients. Quacksalvers like Fauci should put lives ahead of Politics
  • 2 hours Would bashing China solve all the problems of the United States
  • 5 hours COVID 19 May Be Less Deadly Than Flu Study Finds
  • 10 hours Model 3 cheaper to buy than BMW 3 series.
  • 18 hours China to Impose Dictatorship on Hong Kong
  • 14 hours Incompetent "Journalists"
  • 1 hour Pompeo's Hong Kong
  • 8 hours Thugs in Trumpistan
  • 1 day Iran's first oil tanker has arrived near Venezuela
  • 12 mins China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide
  • 1 day Let’s Try This....
  • 1 day Chicago Threatens To Condemn - Possibly Demolish - Churches Defying Lockdown
  • 2 days HVDC Cheaper Than Low-carbon Natural Gas
  • 1 day 60 mph electric mopeds
Oil Prices Slide As U.S.-China Tensions Return

Oil Prices Slide As U.S.-China Tensions Return

The recent oil price rally…

Chinese Hedge Funds Are Betting Big On An Oil Price Recovery

Chinese Hedge Funds Are Betting Big On An Oil Price Recovery

Little-known Chinese hedge funds are…

Vietnam Considers Wind Power

While Vietnam is a rising exporter of hydrocarbons, government authorities are increasingly interested in increasingly the country’s investments in renewable power sources.
 
According to World Bank research, 8.6 percent of Vietnam’s territory has wind power development potential, with the areas with the greatest possibilities for development being Son Hai in central Ninh Thuan province, and Ham Tien and Mui Ne in central Binh Thuan province, largely shield as they are from the massive Pacific typhoons that regularly lash the Vietnamese coastline, as well as having relatively consistent wind speeds, Vietnam Plus news agency reported.
 
According to Vietnam’s Ministry of Industry and Trade’s Energy Department, the country now actively has 42 wind power projects in operation, mainly in 12 provinces in the country’s central and southeastern regions, with a total installed capacity of 3,906 megawatts.
 
While currently meeting a minor percentage of the country’s energy needs, Prime Minister Nguyen Tan Dung recently issued directives to assist wind power projects that will become operational next month, exempting wind power projects from import tariffs of foreign-made materials for production and enjoy land lease reductions, while wind power projects connecting to the national grid will in addition be eligible for government subsidies.
 
The government’s overall strategy is to minimize national use of traditional fossil fuels in order to preserve as much as the country’s rising hydrocarbon output for export to earn badly-needed foreign currency.
 
By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

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