AGP Executive Report
Last update: 6 hours agoSupply Security: A tanker carrying 27 Indian seafarers was hit by limpet mines in the Strait of Hormuz, renewing concerns over a key oil and gas route. India’s foreign minister warned that disruptions and attacks on energy infrastructure are making markets unpredictable; crude imports are forecast to hit a record in October. China’s Power System: Electricity use rose 3.9% to 8.07 trillion kWh in the first nine months. In Qinghai, a 60-MW liquid-air storage plant has connected to the grid, a step toward balancing renewable power. Clean-Tech Exports: Chinese wind and solar exports are projected to avoid about 450 million tonnes of CO₂ emissions this year, with the Global South accounting for most of the estimated reductions. LNG Pressures: Asia’s benchmark LNG price has topped $30 as winter buying meets conflict-related supply concerns, while Japan is expected to overtake China as the world’s largest LNG importer this year.
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