CMA CGM LNG bunker consumption increases 32% in 2023

France-based shipping company CMA CGM’s total marine fuel demand shrank by 2pc in 2023, but its LNG bunker consumption was up by nearly a third as the company looked for cheaper alternative marine fuels. CMA CGM’s vessels burned 7.92mn t of marine fuel in 2023, down from 8.10mn t in 2022. Of this amount, LNG

Natural gas consumption in India likely to rise

Natural gas consumption in India is expected to rise in 2023 due to softening in LNG (liquefied natural gas) prices amid milder-than-expected winters in Europe, and muted demand in China, according to analysts. In the benchmark NYMEX platform, natural gas prices have fallen to $2.50 per mmBtu (metric million British thermal units) in April 2023,

Targets for green hydrogen consumption set in India

India has set green hydrogen consumption targets for some industries, so as to generate demand for cleaner fuel in its quest to reach netzero by 2070. One of the world’s biggest emitters of greenhouse gases, India approved a plan of incentives worth more than $2 billion last week to develop a green hydrogen production capacity