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Venezuela may exchange traditional fuel cars for cars that run on natural gas

Publish date: October 6, 2008

The make and quantity of such vehicles is currently unknown. Furthermore, Venezuelan President Hugo Chavez is reviewing the possibility of organising free natural gas for such cars over the course of a year, Oil.ru reported.

According to experts, Venezuela possesses the biggest reserves of untapped natural gas in South America. Gas prices in the oil rich nation are, at the moment, equal to three US cents a liter, said Oil.ru.

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Open Letter: Urgent Call to Action – Ensure the Net Zero Industry Act CO2 Storage Injection Capacity Target protects EU industrial decarbonisation efforts and a Just Transition for All

Safeguarding the chapters on CCS in the NZIA are crucial, so says the 23 co-signatories to our letter sent to EU Member States and European Parliament. The NZIA is a golden opportunity to ensure appropriate development of much-needed CO2 storage capacity, enabling industrial decarbonisation and a Just Transition by the retention of important welfare-carrying jobs in the harder-to-abate sector, while at the same time ensuring the proportionate contribution of Oil and Gas companies.

Europe’s Hydrogen Journey: It’s Time to Move from Hype to Prudent Planning 

Overall, the target setting in the EU is an example that other regions of the world should follow in terms of creating demand for hydrogen in the right sectors, while backing it up with the renewable generation deployment to meet the demand from the electrolysers. However, the supportive landscape that could ensure targets are met is largely missing, leaving the EU strategy towards hydrogen use ambiguous and thus less effective. 

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