US trade officials are preparing to impose prices up to 3,521% on the imports of solar panels from four Southeast Asian countries, while the International Energy Agency said that the lessons in the energy crisis according to the invasion of Ukraine by Russia had not been fully learned.
The US trade department has announced new prices, targeting companies in Cambodia, Thailand, Malaysia and Vietnam, after a survey started a year ago when US solar panel manufacturers accused Chinese companies to flood the subsidized cheap product market.
Cambodia products would face the highest rates, 3,521%, because its companies did not cooperate the US survey, while products manufactured in Malaysia by Chinese manufacturer Jinko Solar faces just over 41%; The Rivaux Products of Trina Solar of Thailand will result in prices of 375%.
A separate American government agency, the International Commerce Commission, is expected to make a final decision on prices in June.
The case was carried last year by the Korean company Hanwha Qcells, First Solar based on Arizona and several small manufacturers of solar panels in the United States. They accused Chinese companies with factories in Malaysia, Cambodia, Thailand and Vietnam shipping panels at the cost of their production cost, due to unfair state subsidies.
However, criticisms, including the commercial group of the association of solar energy industries, said that prices would harm American solar producers because they would increase prices on imported cells that are assembled in panels in American factories.
In addition, the head of the International Energy Agency, Fatih Birol, underlined the concerns concerning the future of energy security before a summit in 60 countries in London on Thursday and Friday that he welcomed with the British Energy Secretary, Ed Miliband.
The Ministers of the United States, Japan, France, Germany and India will be assisted in the United States, Japan, France, Germany, and the producing states of oil, notably Saudi Arabia, Qatar and the United Arab Emirates, as well as the bosses of large oil and gas companies and renewable energy companies. Russia is excluded and China will be absent due to a confrontation of the newspaper, at the top at the top.
The invasion of Ukraine by Moscow in February 2022 sparked international sanctions, the loss of Russian gas in Europe, an increase in fatal energy costs and a rush to the guarantee of alternative energy supplies.
Birol told the Financial Times that he thought that “Ukraine lessons had not yet been fully understood”, adding that there were three golden rules for energy security: the diversification of supplies, sufficient political foreseeability to allow companies to make long -term investments and global cooperation.
Europe remains strongly dependent on imported gas and the markets have been volatile, in the midst of changes in grants and energy regulations, and the trade war triggered by the frequent tariff announcements of Donald Trump.
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Birol said the trade war had caused an “uncertainty that will affect the demand for oil and gas for a while to come”.
There are growing risks surrounding energy supplies, including wars in Ukraine and Gaza, the climate crisis, attacks against underwater cables and cyber attacks. “There are traditional risks and emerging risks and they must be more in the international debate,” he said.
Petroleum and gas producers Shell, BP, Exxonmobil, Totalengegies, Eni and Equinor must attend, alongside wind power companies Ørsted and Vestas, and public services EDF, Enel, Octopus and Iberdrola.
“We invited China, but unfortunately, they could not accept for calendar reasons,” said Birol. “We want everyone to be at the table, but the countries who are assisting in Reunion represent three -quarters of the world’s GDP, which in my opinion is not bad at all.”
The London Summit will be preceded by a meeting on Wednesday between British ministers and industry experts with technical workshops to discuss gas security, critical minerals and Ukraine’s energy system.
