Clean hydrogen is opportunity for countries with abundant hydrocarbon resources

Hydrogen could play an important role in helping hard-to-abate sectors meet climate targets. Countries with hydrocarbon resources and industry expertise can help build and scale the needed technology. According to McKinsey research, total hydrogen demand can reach 600 to 660 million tons by 2050, abating more than 20 percent of global emissions. That said, realizing

Sempra Infrastructure and ConocoPhillips entered into LNG purchase agreement

Sempra Infrastructure and ConocoPhillips have executed a 20-year sale and purchase agreement for 5m tonnes per annum (Mtpa) of liquefied natural gas (LNG) from Phase 1 of Sempra Infrastructure’s proposed Port Arthur LNG project in Jefferson County, Texas. The two companies have signed two more agreements through which ConocoPhillips will acquire 30% of the equity

Seapeak books five LNG carrier newbuilds

Seapeak has booked five liquefied natural gas (LNG) carriers for construction at South Korea’s Samsung Heavy Industries (SHI). Stonepeak’s gas ship owner is paying around $1.1bn for the 174,000 cu m ships expected for delivery in 2027. The newbuilds are backed by ten-year charters with an unnamed international energy major, which can be extended at

Study by Ricardo calls for ammonia bunker fuel regulatory framework

The study by consulting firm Ricardo, on behalf of the Environmental Defense Fund (EDF), with support from Lloyd’s Register, into the potential marine environmental impacts from bunkering operations, ship collisions and sinkings found estuaries, mangroves and wetlands are particularly sensitive to potential ammonia fuel spills compared to the polar regions and deep sea. Within these

Kazakhstan green hydrogen key to European decarbonization

Kazakhstan has an abundance of minerals such as copper, which will be critical to supporting the electric revolution, such as battery electric vehicles. At the same time, it is also prepared to produce green hydrogen for export. This places the country in a central position in Europe’s overall efforts for decarbonization. The country has developed

China signs agreement with Qatar for LNG

China signed a landmark $60 billion agreement for purchases of liquefied natural gas from Qatar, as the world’s second-largest economy looks to bolster its energy security for decades. Qatar Energy will send Sinopec 4 million tons of LNG a year starting in 2026, the state-controlled companies announced in a virtual ceremony. The deal will last

Egypt inks deals on renewable energy

Egypt signed agreements and MoUs in the field of renewable energy and green hydrogen worth $119 billion, according to Maged Karam al-Din, a technical director of the Regional Center for Renewable Energy. In an interview, he noted that Egypt generates 6,000 megawatts of electricity from power plants powered by renewable energy. He pointed to progress

The role of hydrogen and other future fuels in decarbonisation?

Of late, energy sector has been swiftly moving towards decarbonisation. In this scenario, renewable energy and future fuels offer greater energy security and sustainability. The green fuels and renewable energy sources will ensure a safer and cleaner future.  What are future fuels? Future fuels as low and zero-carbon fuels are projected to displace fossil fuels.

Angelicoussis partners with RINA and SDARI for newcastlemax bulk carrier

Maran Dry Management, a unit of Greek owner Angelicoussis Shipping Group, has partnered with Italian class society RINA and Chinese designer Shanghai Ship Research and Design Institute (SDARI) to develop a newcastlemax bulk carrier that can run on hydrogen produced from LNG on board. The project for the 210,000 dwt vessel will be based on

Viridis Bulk gets another client for its ammonia-powered ship

Viridis Bulk Carriers – an ammonia-powered joint venture between Navigare Logistics, Amon Maritime and Mosvolds Rederi – has bagged another client, keen to join its pioneering green project. Stema Shipping becomes the eight charterer to sign onto the Flexbulk – NH3 power consortium project joining the likes of Elkem and Yara creating enough short-sea shipping