Iron ore green corridor to reach 5% adoption by 2030

A new study from West Australia – East Asia Iron Ore Green Corridor Consortium suggests ships powered by clean ammonia could be deployed on the iron ore trade routes between West Australia and East Asia by 2028 and reach 5% adoption by 2030. The study indicates that the core elements for implementation of a West

Indian crude processing remained near record levels

Indian refiners’ crude oil processing remained near record levels in February, provisional government data showed, catering to rising demand in the world’s third biggest oil importer and consumer. Refinery throughput was 2% higher year-on-year at 5.46 million barrels per day (20.85 million tonnes) for February. Throughput stood at 5.39 million barrels per day (22.80 million

First semi high-speed hydrogen train introduced in China

China has launched Asia’s first hydrogen powered trains for the Urban Railways and gets a range of 600 km on a single tank, with a top speed of 160 kmph. China’s CRRC Corporation Ltd. has unveiled its first hydrogen urban train, which happens to be Asia’s first hydrogen train. Earlier, Germany unveiled first ever hydrogen

Green hydrogen projects ramping up in Asia

The race to establish green hydrogen production bases in the Asia-Pacific region is heating up, with Western and regional companies cooperating on massive projects to produce what many see as a next-generation power source. Danish multinational Orsted, the world’s largest offshore wind power company, is considering entering the market, as are major Western oil companies.

Asia may absorb half of the Russian crude displaced by EU

Asia may be able to incrementally absorb only half the Russian crude volumes displaced as a result of the European Union sanctions taking effect, and the price cap of $60/b may not be able to create immediate hurdles for oil flows from the non-OPEC supplier. While Russia has been arranging a fleet of ships that

Hygenco agrees with JSL to build green hydrogen facility

Hygenco India signed India’s first long-term off-take agreement with Jindal Stainless (JSL), one of the largest stainless-steel conglomerates globally. The first of its kind off-take agreement in India will see Hygenco Build-Own-Operate the green hydrogen facility for 20 years. It will also become the first multi-megawatt scale plant with long-term offtake in Asia to be

Largest container ship in the world delivered to ABS Class

The largest container ship in the world, with just over 24,000 teu capacity, has been delivered to ABS class. The vessel is the latest in a series of nine being built by Hudong-Zhonghua Shipbuilding in China to ABS class. The 400-meter megamax-24 type ship will serve ports between Asia and Europe. “We are proud to

Gazprom cannot guarantee gas deliveries to Europe

Russia’s Gazprom says it cannot guarantee natural gas deliveries to European customers – as its exports to China hit an all-time high. Russia’s Gazprom has tried to claim “force majeure” — or an act of God — in its natural gas contracts with European buyers. Force majeure clauses allow parties to be released from their

Russia crude exports to India and other Asian nations increasing

A report by the Research on Energy and Clean Air, an independent think tank based in Helsinki, Finland released said Russia earned 93 billion euros ($97.4 billion) in revenue from fossil fuel exports in the first 100 days of the country’s invasion of Ukraine, despite a fall in export volumes in May. India and other

EQT plans to invest in US LNG export facility

EQT Corp. said it may take an equity stake in a liquefied natural gas export project, as it seeks to capitalize on the booming global demand for LNG with Russian threats sending European gas prices swinging wildly. Current US Henry Hub natural gas prices are elevated from historical levels, but delivered LNG prices in Europe