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

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

China aims to increase renewable power

China aims to increase renewable power, maintain crude oil output and boost natural gas production, as it seeks to balance energy security and achieve its climate change goals. China, the world’s biggest greenhouse gases emitter, has said its carbon emission would peak by 2030, while it has said it would achieve carbon neutrality by 2060.

China’s exports of VLSFO increased 21%

China’s clean marine fuel exports rose 21% in the first two months of 2022 from a year ago, following an increase in Beijing’s export quotas, customs data showed. Exports of low-sulphur fuel oil reached 3.64 million tonnes in January and February, up from 3.02 million tonnes in the corresponding period last year, data from the

Saudi Arabia is China’s top crude supplier

Saudi Arabia regained the spot as China’s top crude supplier in the first two months of 2022, having been leapfrogged by Russia in December, while Russian shipments dropped 9% as a cut in import quotas led independent refiners to scale back purchases. Arrivals of Saudi crude totalled 14.61 million tonnes in January-February, equivalent to 1.81

SIPG, CMA CGM complete first LNG bunkering

Shipping and logistics firm CMA CGM Group and terminal operator Shanghai International Port (Group) Co., Ltd. (SIPG) on 15 March successfully conducted a liquefied natural gas (LNG) bunkering operation for CMA CGM SYMI at Yangshan Port. The 15,000 TEU LNG-powered containership received LNG bunker fuel from the new 20,000 m3 LNG bunkering vessel Haigang Weilai,

Reliance acquires battery maker Lithium’s assets for $61mn

Indian refining giant Reliance Industriesmakes a bigger push towards clean energy and transport, and has acquired the assets of battery maker Lithium Werks for $61 million. Reliance’s investment in Lithium Werks, which manufactures lithium iron phosphate batteries that are mainly used in electric vehicles (EVs), includes funding for future growth, the company said late on

Energy-related CO2 emissions touched record highs in 2021

Energy-related carbon dioxide emissions rose to their highest level in history last year, according to the International Energy Agency, as economies rebounded from the coronavirus pandemic with a heavy reliance on coal. The IEA found energy-related global CO2 emissions increased by 6% in 2021 to reach a record high of 36.3 billion metric tons. In

Celsius books methanol-ready feeder boxships in China

Denmark’s Celsius is pressing forward with its fleet renewal plan, having placed an order for two methanol-ready feeder containerships at Penglai Jinglu Ship Industry in China. The 3,000 teu newbuilds, expected to be delivered in the fourth quarter of 2023, will be in full compliance with EEDI Phase III and CII until 2030. No price

Non-fossil fuels forecast to be 50% of China’s power capacity in 2022

Non-fossil fuel energy sources such as wind, nuclear, solar and hydropower may make up half of China’s total power generation capacity by the end of 2022, for the first time ever, the country’s electricity council has forecast. China, the world’s biggest greenhouse gases emitter and coal consumer, is expected to add 180 gigawatts (GW) of