Europe’s LNG imports won’t fully substitute Russian gas

Europe became the largest customer of US producers of liquefied natural gas recently, taking in more than 50 percent of total U.S. shipments over the last three months. But US LNG, as well as LNG from other sources, would only provide short-term relief. For starters, there are the long-term contracts that all LNG producers in

EC announces €300mn plan for expansion of hydrogen economy

Clean Hydrogen Partnership (CHP) – a brain child of the European Commission – has called for proposals on 41 different research topics with an outlay of €300 million for a comprehensive development of the hydrogen economy. The initial plan is to fund research that will enable hydrogen production and storage. Clean Hydrogen Partnership is a

Australian LNG exports to Europe likely to increase

Australian exporters could secure new LNG export contracts for existing and new projects to Europe over the next few years as the region seeks to avoid a long-term gas crunch. LNG prices have soared in recent weeks, hitting a six-month high recently, as importers scramble to source new supplies to reduce their dependence on Russia.

Second part of National Hydrogen Mission in India under deliberation

National Hydrogen Mission policy’s second phase is currently under consideration by the central government’s expenditure finance committee, Minister of Power and New & Renewable Energy RK Singh said. The Ministry of Power notified the first part of the National Hydrogen Mission policy on green hydrogen and green ammonia on February 17. When asked about when

EU plans to cut energy dependence on Russian gas drastically

The European Commission has outlined a new energy roadmap designed to cut reliance on Russian gas by two-third in just a year, BBC reported. The plan envisages ending reliance on all Russian fossil fuels “well before” 2030. In the short term, gas should be sourced from the US and Africa while some countries may need

MAN invests in hydrogen production

Over the next few years, MAN Energy Solutions will invest up to 500 million euro in its subsidiary H-TEC SYSTEMS to transform the hydrogen specialist into a mass-producer of PEM electrolyzers as quickly as possible. “Our plan is clear,” explained Uwe Lauber, CEO of MAN Energy Solutions. “We are transforming H-TEC SYSTEMS into one of

Natural gas should be part of the energy future

Too often, policymakers want to talk about issues in terms of black and white. In energy and climate policy, that tends to lead to the “renewables vs. fossil fuels” line of thinking. We’ve seen policymakers try to legislate away the use of fossil fuels in the U.S. (Rep. Tulsi Gabbert’s 2017 “Off Fossil Fuels” legislation)

Maersk investing hugely on greener fuel

The Russian invasion of Ukraine is causing major disruptions for the industry, with many vessels stuck in ports and freight costs rocketing higher. In the wake of sanctions, shipping giant, Maersk has temporarily suspended its container shipping to and from Russia (except for food, medical and humanitarian supplies). These vessels criss-crossing multiple trade routes around

Europe looks to Africa to fill the gas gap arisen due to Ukraine war

Russia’s invasion of Ukraine is forcing Europe to diversify its energy supply. “Germany and Europe must now quickly make up for what they have missed over the last twenty years,” Stefan Liebing, chairperson of the Africa Association of German Business, said in a press release. He advises Germany’s Economics Minister Robert Habeck to travel to

Europe’s plan to wean itself off Russian gas faster

The European Commission will next week propose plans to reduce Europe’s reliance on imported gas from Russia and make countries’ energy systems more resilient to supply shocks or price spikes. The invasion of Ukraine by Russia, the European Union’s top gas supplier, has sharpened concerns over supply disruptions and increased scrutiny of countries’ reliance on