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Angolas final plan shows that it will cut oil exports to 966,000 barrels per day in January.British Chancellor of the Exchequer Reeves and the Science Secretary will hold a roundtable meeting with telecommunications industry executives.On November 27th, Russian President Vladimir Putin stated on Thursday that the outline of the draft peace plan discussed between the United States and Ukraine could form the basis for a future agreement to end the conflict in Ukraine, but if not, Russia will continue fighting. Putin said, "Generally speaking, we agree that this can serve as the basis for a future agreement." He added that the version of the plan discussed by the US and Ukraine in Geneva has been submitted to Russia. Putin stated that the US is considering Russias position, but some issues still need to be discussed. He also stated that Russia is willing to provide guarantees of non-aggression if Europe desires them. "The fighting will only stop when the Ukrainian army withdraws from the areas they occupy. If they do not withdraw, we will force them to withdraw. Thats it." Putin also stated that the Russian army is accelerating its advance in Ukraine. Meanwhile, Putin stated that he believes the Ukrainian leadership is illegitimate, therefore a legally improbable agreement with Ukraine is impossible, and any agreement must be recognized by the international community, which must acknowledge Russias achievements in Ukraine. Putin also refuted claims that US Special Envoy Witkov showed favoritism towards Moscow in the Ukrainian peace negotiations, calling them nonsense.The commander-in-chief of the Ukrainian army stated that Russia had to deploy reserves during its operations in Pokrovsk.A senior aide to the Ukrainian president said that the work of the Ukrainian and U.S. delegations on the peace plan will continue this weekend.

A fire at an Australian power station won't make the energy crisis worse, says a market operator

Charlie Brooks

Jun 20, 2022 11:04

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The fire that blasted through a New South Wales power plant over the weekend would not impact electricity supply, the Australian Energy Market Operator (AEMO) said on Sunday, ruling out a worsening of the energy crisis gripping the east of the nation.


A quarter of 23,000 megawatts (MW) of coal-fired capacity has been brought down for maintenance or unscheduled outages in the densely populated east since mid-May. Coal supply interruptions and rising worldwide coal and gas costs have aggravated the problem.


The AEMO, which runs the nation's power and gas networks and markets, said on Friday that there was sufficient electrical supply to meet the weekend's anticipated demand, relieving immediate concerns about probable east coast blackouts.


The agency announced on Twitter (NYSE:TWTR) late Saturday night that it was aware of a "substation fire" at the Tallawarra power station in Yallah, a suburb of Wollongong, a city located approximately 80 kilometers (50 miles) south of Sydney, but that the blaze was not expected to further strain power supply.


AEMO said, "We want to reassure consumers in (New South Wales) that this will not affect the electrical supply."


The fire was caused by a mechanical breakdown in a redundant transformer, according to fire officials, and more than sixty firemen are attempting to contain it.


More than 10,000 litres (2,600 gallons) of oil caught fire, and putting it out is expected to take many days, according to the news website Nine.


Matt Kean, the treasurer of New South Wales, said that the outlook for the energy market was positive after another power producer resumed operations on Saturday night.


"The recommendation of the AEMO is that there is more than adequate supply to fulfill demand for the foreseeable future," Kean told reporters in Sydney on Sunday.


The Australian Energy Market Operator (AEMO) stopped the national energy market on Wednesday, seizing control of supply and price in an unprecedented move supported by Australian Prime Minister Anthony Albanese, who claimed it was necessary to prevent "gaming" of the system.


Since then, coal-fired generators have restored 1,900 MW of power, lessening the likelihood of blackouts, according to the Australian Energy Council.

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