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

The Battle Over Electric Vehicles — Could Hydrogen Win?

As the future of automotive power heads away from the internal combustion engine toward electric vehicle technology, the industry now has two options: fuel cell electric vehicles (FCEVs), which are vehicles that use hydrogen as the fuel source, and battery electric vehicles (BEVs), which are vehicles that rely solely on battery power or electricity.  According

Germany to push ahead with two LNG terminals to reduce Russian gas dependence

Germany has decided to accelerate work to build two LNG terminals in the country to help reduce dependence on Russian gas imports, Chancellor Olaf Scholz said Feb. 27. In an address to the German Parliament, Scholz also said Germany would look to increase its gas stocks by 2 Bcm through the use of long-term storage

Why sanctions on Russia aren’t targeting oil and gas?

There’s an elephant in the room. Since Thursday, when Russian troops stormed into Ukraine, the U.S., the E.U., and their allies have announced a raft of sanctions designed to hurt Russia’s economy and financial system, and make President Vladimir Putin reconsider his invasion. But measures targeting exports of oil and gas, which provided 36% of

EU seeks extra LNG from Japan, hedging against Russia cutoff

The European Commission has approached the Japanese government about sending additional liquefied natural gas to hedge against a possible retaliatory cutoff of supply from Russia following Moscow’s invasion of Ukraine, Nikkei has learned. This infusion would be on top of the LNG that Japan agreed to deliver to Europe in March. The European Union and

India could export $500bn in green energy Over 20 Years: Mukesh Ambani

India could become a global green energy superpower with exports of clean energy rising to $500 billion over the next 20 years, Mukesh Ambani, chairman of Reliance Industries, said on Wednesday. India is one of the most attractive destinations for renewable energy investments, Ambani said, adding that he believes the union government is extremely committed

The main body of six world’s largest liquefied natural gas storage tanks in China has been built

The concrete pouring of all bearing platforms of six liquefied natural gas storage tanks with the world’s largest single tank capacity of 270000 cubic meters in the “green energy port” of CNOOC Yancheng was completed, and the construction of the main body of the storage tank was officially started. The project will build 10 large

India may soon become the Middle East of Green Hydrogen

The announcement of the phase one National Hydrogen Mission by the government on February 18 has been met with applause by the Street with brokerage firm Morgan Stanley India calling it a “watershed moment”. Under the new policy notified by the government, the government aims to achieve a production target of close to 5 million