OMNI Features｜Saudi Arabia Temporarily Abandons Plans to Increase Oil Production Capacity．Belgium's NG and Electricity Consumption Hit Lowest Levels Since the 1990s．Creating a Low-Carbon Island in Penghu - Government, Industry, and Academia Sign MOU

｜Saudi Arabia Temporarily Abandons Plans to Increase Oil Production Capacity in Pursuit of Net-Zero Emissions
Saudi Arabian Oil Company (Aramco) announced on the 30th that the Saudi government has instructed it to maintain its production capacity at the current 12 million barrels per day, abandoning the original plan to reach 13 million barrels per day by 2027. This signifies a temporary halt to the initial capacity increase plan. Furthermore, Aramco has committed to achieving "operational net-zero" by 2050, encompassing only carbon emissions from its facilities and excluding CO2 generated by customer vehicles, power plants, and furnaces burning Saudi oil.

｜Belgium's Natural Gas and Electricity Consumption Hit Lowest Levels Since the 1990s in 2023
According to a report from the Belgian Federal Commission for Electricity and Gas Regulation (CREG), electricity consumption in Belgium dropped by 4% in 2023, marking the lowest level since 1999. This decline reflects the impact of post-pandemic recovery and the Russia- Ukraine conflict, causing energy prices to surge for several months. Despite recent price decreases, the crisis persists, leading consumers to remain cautious about energy usage.

｜Creating a Low-Carbon Island in Penghu - Government, Industry, and Academia Sign MOU
The Penghu County Government, in its pursuit of carbon neutrality, signed a "Marine Carbon Sink Research MOU" with Penghu University of Science and Technology and JIAN MAO BIOTECH on the 29th. The county government will provide the venue and large-scale algae technology resources, combining academic research and experience from Penghu Science and Technology University with JIAN MAO BIOTECH's expertise in offshore green energy photovoltaic equipment and design. Through the collaboration of government, industry, and academia, the aim is to transform Penghu into Taiwan's first low-carbon demonstration island.

Reference: International Trade Administration, MOEA (TITA)｜CNA