Sinopec plans to increase domestic LNG production

China’s state-owned oil and gas company Sinopec plans to boost natural gas production by 4.8% in 2022 and continue developing the gas supply chain to meet decarbonization and energy security targets, Chairman Ma Yongsheng said. “The natural gas business will not only support the company’s transformation, but also generate good profit, because of which we

Maersk signs MoU with Egypt on green fuel production

Maersk and Egyptian authorities have signed a partnership agreement to explore the establishment of large-scale green fuel production in Egypt. The Memorandum of Understanding (MoU) was signed on Monday in a joint bid to further accelerate the supply of green fuels and the global transformation to net-zero shipping. The parties will be conducting a feasibility

Gazprom seeks gas payments in euros from GAIL

Gazprom has asked India’s largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the U.S. currency in the wake of the Ukraine conflict. European countries and the United States have imposed heavy sanctions

What is real reason behind the soaring oil and gas prices in the US?

In the wake of the devastating Russian invasion of Ukraine, US gas prices soared, averaging $4.25 a gallon. Now fossil fuel companies and their political allies have seized the opportunity to suggest that additional fossil fuel investment is the solution. Their arguments are rife with misinformation. This is calculated, of course, meant to pad the

Germany aims to obtain 100% energy by 2035 through renewable sources

Germany aims to fulfil all its electricity needs with supplies from renewable sources by 2035, compared to its previous target to abandon fossil fuels “well before 2040,” according to a government draft paper obtained by Reuters on Monday. Europe’s top economy has been under pressure from other Western nations to become less dependent on Russian

Global ethanol market to touch $105.2 bn by 2025

A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, report titled “Ethanol – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post Covid-19 marketplace. Ethanol, also known as Ethyl Alcohol or Grain Alcohol (ETOH), is a clear, colorless,

A reactor that refines waste carbon and generates hydrogen developed by researchers

In a world faced with dual concerns about climate change and growing energy needs, developing renewable replacements for fossil fuels has been a long-sought dream. While considerable progress has been made in converting various biomaterials into usable energy in recent years, refining them in an environmentally sustainable way has remained a challenge. Now, a team

‘We are making this transition for a better world’

Dr Sanjay C Kuttan, Chief Technology Officer, Global Centre for Maritime Decarbonisation (GCMD) in an exclusive interview with Future Fuels, throws light on the energy transition challenges in maritime industry and   the efforts being made by GCMD for the decarbonisation. Q. What is Global Centre for Maritime Decarbonisation (GCMD)? What does it do to help

Russia demanding importers to pay in rubles to avoid West sanctions

After being ostracized by Western countries following his invasion of Ukraine, Russia President Vladimir Putin is trying to force the world to reengage with the Russian economy—sanctions be damned—by leveraging the one thing the West still buys from Russia: energy. Putin ordered that gas contracts with “unfriendly” countries—those responsible for sanctions against Russia—be settled in

State-run refineries in India operate at full capacity in March

The country’s biggest state-run refiner in terms of capacity, IOC, and fellow refiner MRPL’s 300,000 b/d Mangalore refinery were operating at 100% or higher than their nameplate capacities. The two refiners have deferred some upcoming maintenance shutdowns because of current strong refining margins. BPCL’s 310,000 b/d Kochi, 240,000 b/d Mumbai and 156,000 b/d Bina refineries