Germany to ration power to manage gas supplies

Germany triggered an emergency plan to manage gas supplies under which Europe’s largest economy could ration power if a standoff over a Russian demand to pay for fuel with roubles disrupts or halts supplies. Moscow’s insistence on rouble payments for the Russian gas that meets a third of Europe’s annual energy needs has galvanised others

E ON signs an MoU with Forrest for $50 billion green hydrogen project

Australia iron ore billionaire Andrew Forrest has struck a potential $50 billion green hydrogen agreement with German energy giant E.ON to produce up to five million tonnes of green hydrogen by 2030. The landmark agreement could deliver one third of Forrest’s hugely ambitious plans to produce 15 million tonnes of green hydrogen by 2030, a

US considers hydrogen as solution for energy security

Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. Russia is a major supplier of oil and gas, and over the past few weeks a number of major economies have laid out plans to reduce their reliance on its hydrocarbons. On Friday, the

Indian energy companies formed an independent group for green hydrogen advocacy

Six renewable energy companies of India have formed an independent advocacy group for green hydrogen. The companies include Acme Group, Azure Power and Fortum India. The Independent Green Hydrogen Association (IGHPA) aims to engage with the government and other stakeholders to achieve India’s objective of becoming a green hydrogen and ammonia producing country and an

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

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

Costs in India for green hydrogen could fall remarkably

Green hydrogen costs in India could potentially fall by half to as low as ₹160-170 per kg by 2030, bringing parity with grey hydrogen and other fossil fuels, says a KPMG study. Current green hydrogen production costs range anywhere between ₹320 and ₹330 per kilogram in India. KPMG in India estimates, current grey hydrogen (hydrogen

Wartsila offers tech support to Salamanca vessel

Wartsila will provide technical support via a 10-year service agreement for its solutions installed on Brittany Ferries’ LNG-fuelled RoPax vessel, the Salamanca. The Salamanca – which will be inaugurated on 25 March and make its first commercial sailing from Portsmouth to Bilbao on 27 March – is the first LNG-fuelled passenger ferry to operate from

Green hydrogen project construction to begin soon in Saudi Arabia

Work is to begin this month on a $5bn project to produce green hydrogen at Saudi Arabia’s futuristic Neom mega-development. When complete in 2026, the plant will be the world’s biggest producer of hydrogen from renewable sources. The plant is being built by Pennsylvanian company Air Products, which agreed a deal for the scheme in

RIX Industries develops technology to switch to green fuel propulsion

A Californian company has debuted technology that requires no major retrofit to make today’s bunker fuel guzzling generation of ships switch to hydrogen. RIX Industries is touting its methanol-to-hydrogen solution as a way to future proof existing vessels from incoming green legislation. With RIX technology, hydrogen is not stored but rather created as needed through