Friday witnessed an increase of 5,000 Lebanese pounds in the prices of 95 and 98 octane gasoline, while the rates for diesel and gas remained stable. The updated prices are as follows:
95-octane gasoline: LBP 1,489,000
98-octane gasoline: LBP 1,529,000
Diesel: LBP 1,475,000
Gas: LBP 944,000
Source: National news agency – Lebanon
HANOI: Vietnam remains committed and focused on enhancing the development of hydrogen energy production and hydrogen-source fuels in regions with potential and advantages in renewable energy, close to major consumer markets, reported the state news agency (VNA).
This is to establish a comprehensive hydrogen energy industry ecosystem from production to storage, transportation, distribution, and utilisation of hydrogen, Minister of Industry and Trade Nguyen Hong Dien said at a recent government meeting on Vietnam’s hydrogen and off-shore energy development.
Dien said the Ministry of Industry and Trade (MoIT) has started a process to gather feedback and opinions provided by economic experts and continued to study and consolidate reports from competent authorities to establish timely policy mechanisms for addressing current challenges and obstacles.
He said the country’s draft Hydrogen Production Strategy by 2030, with a vision towards 2050, aims to strive for hydrogen production capacity from renewable energy
, producing green hydrogen and other processes with carbon capture reaching 100,000-500,000 tonnes by 2030 and targeting around 10 – 20 million tonnes by 2050.
Regarding the development of offshore wind and gas power, according to Power Plan VIII, by 2030, the total additional electricity capacity from gas projects (30,424MW) and offshore wind projects (6,000MW) will constitute about half of the Southeast Asian economy’s electricity capacity.
The development of gas and offshore wind power sources will help Vietnam fulfil its commitment to carbon neutrality by 2050. Gas projects provide a stable foundation for flexible and reliable electricity, supporting wind and solar power projects to ensure a stable power supply.
Source: Emirates News Agency