LNG

Sakhalin, Russia’s Pacific island is in the process of finalising a joint initiative with a prominent Japanese company on developing carbon capture technology. The regional governor, Valery Limarenko revealed the government’s plan to achieve carbon neutrality for the region by 2025 in an email to the media. The initiative will involve employing methods to produce liquefied natural gas in a sustainable manner by integrating the refinery with carbon capture and storage technology. Sakhalin operates Russia’s first liquefied natural gas plant.
  • July 26, 2021
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Kinder Morgan, an operator of oil and gas pipelines in America has announced that it will buy Kinetrex Energy, a renewable gas developer for over €260 million.
  • July 22, 2021
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Australia has reported a 5% drop in carbon emissions last year. The reasons are manifold: rapid growth of the country’s wind and solar energy sector, pandemic-related lockdowns impacting the transport sector and a rise in the capture and storage of carbon emissions at the country’s massive LNG project, Gorgon.
  • May 31, 2021
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A study commissioned by Clean Energy Finance Corporation, a think tank backed by the Australian government has found that green hydrogen is rapidly approaching cost competitiveness in the transport sector. The report has been prepared by energy consultant Advisian, and states that green hydrogen could become a cost effective source of fuel for heavy trucking, buses and remote power industries by the end of this decade.
  • May 26, 2021
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Shell has recently agreed to sell its stake of 45% in an offshore gas field in the Philippines to Udenna, a local conglomerate that deals in petroleum and shipping. The deal was finalized for $460 million and in addition to stock ownership, including a deepwater license (Service Contract 38) that Shell acquired for exploration and development of natural gas resources.
  • May 22, 2021
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German utility manufacturer, Uniper has made headlines by withdrawing its plans to build an import terminal for liquefied natural gas and in its place, construct a green hydrogen hub. Currently, the new plan is to construct a comprehensive hub to manufacture green hydrogen, alongside which Uniper is planning to build an import terminal for green ammonia and an electrolysis plant capable of producing up to 410MW of green energy.
  • April 28, 2021
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