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OEF Rapid Review

Shell has made a vote of confidence in electric cars by buying electric charging company NewMotion, a company that manages 30,000 residential and business charging stations, and offers access to 50,000 more. Shell’s investment aligns with the evolving strategies of the major oil companies in order to keep up in an all-electric future. Shell currently invests about $200 million in renewables annually but it plans to increase this to $1 billion by 2020. The company also has plans to introduce fast-charging points and install charging stations at retail locations in Norway, Britain, the Philippines and the Netherlands.he Japanese government is to unveil a $10 billion public-private initiative to tap increasing demand for LNG infrastructure, such as offloading terminals and power plants, as the fuel is increasingly adopted throughout Asia. The effort is also designed to strengthen Japan-U.S. ties. An agreement to expand American shale gas exports to Asia is expected at the coming U.S. – Japan economic dialogue meeting in Washington, and the Japanese LNG infrastructure initiative is likely to be part of achieving that goal. Japan and India will move together to make LNG supply contracts more flexible.
LINK TO THE SOURCE ARTICLE:
Shell Buys Electric Charging Company NewMotion

 

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