India saw its dependence on fossil fuel imports increase 38% in 2012, the U.S. Energy Information Administration reported last week. “As India modernizes and the population moves to urban areas, the country has shifted from using traditional biomass and waste to relying on other energy sources, including fossil fuels,” the EIA noted. “India’s newly elected government, with the Bharatiya Janat Party as the majority party, faces challenges to meet the country’s growing energy demand, to secure affordable energy supplies, and to attract investment for domestic hydrocarbon production and infrastructure development.”
U.S. Energy Information Administration
The U.S. Energy Information Administration has released a new mapping tool that “allows users to view critical energy infrastructure that may be vulnerable to coastal and inland flooding,” the agency reports. “These new map layers enable the public to see existing energy facilities that could potentially be affected by flooding caused by hurricanes, overflowing rivers, flash floods, and other wet-weather events.” The maps combine data from the Federal Emergency Management Agency (FEMA) and the EIA’s U.S. Energy Mapping System.
The U.S. Department of Defense has issued its first-ever procurement call for military-grade diesel and jet fuels blended with biofuels, the U.S. EIA reported late last month. The biofuels components are conditional on cost and performance, according to the May 2014 tender call. “The Navy’s interest in biofuels is limited to those fuels that can be used as direct replacements for petroleum-based gasoline and distillate fuels, also known as drop-in biofuels,” the EIA noted. Apart from some technical challenges with biodiesel blends, drop-in biofuels generally cost more than conventional fuels, and DoD is prohibited from paying a premium for alternative fuels. Last December, the Navy and the U.S. Department of Agriculture introduced a farm-to-fleet program to close the cost gap and increase production of drop-in biofuels.
Major energy companies have been increasing their debt loads and selling assets to boost operating cash flow that has “flattened in line with flat crude oil prices,” the EIA reported in early August. Based on March 2014 figures, the agency spotted a $110 billion gap between cash flow needs and operating revenues for 127 global oil and gas companies. “To meet spending with relatively flat growth in cash from operations, companies increased their borrowing,” EIA reported. “When comparing the major sources of cash for the first quarter only, the net increase in debt has made up at least 20% of cash since 2012.”
Russia depended on oil and gas sales for 68% of its export revenue in 2013, according to a report this week by the U.S. Energy Information Administration, using data from Russia’s Federal Customs Service. Energy exports totalled US$356 billion last year, with Europe receiving the largest share. “Although Russia exports less crude oil and less natural gas than it consumes domestically, domestic sales of crude oil and natural gas are much lower in value than exports because of vertical integration of the oil and natural gas industry and subsidized domestic prices,” US EIA notes. Russia recently signed a 30-year, US$400-billion deal to sell Eastern Siberian natural gas to China.