Europe’s LNG imports soaring  

Europe is importing record volumes of liquefied natural gas (LNG) as it looks to cut as much Russian gas consumption as soon as possible. Unlike in previous years, Europe is now the most attractive destination for global LNG flows, outbidding Asia for spot supply as prices and demand in Europe have soared after the EU’s

‘Main challenge in the transition to zero carbon future is lack of clear pathway’

Mr Kari Hietanen, Executive Vice President, Corporate Relations and Legal Affairs, Wärtsilä in an exclusive interview with Future Fuels shared his thoughts green transition in Europe. Q. What are the technical solutions Wartsila offers for the green transition? Wärtsilä has a wide range of technologies enabling green transition both in marine and energy sectors. In

Europe could face a sharp slowdown of growth with Russian gas cut-off

Russia’s suspension of natural gas service to Poland and Bulgaria will not do immediate damage to the European economy, but Europe could face a sharp slowdown of growth if the cutoff spreads to other countries — or if Europe imposes an embargo on Russian gas. Russia’s war on Ukraine is already rippling through Europe, lashing

Russian diesel imports to Europe down

European diesel imports from Russia are set to fall in April but will still exceed those from other regions, highlighting the challenge European governments face as they contemplate new sanctions on Russian oil. Diesel deliveries from Asia, the Middle East and the United States are set to hit their highest in almost three years in

EDF to install 3GW of green hydrogen by 2030

EDF Group has announced its desire to install 3GW of green hydrogen globally by the end of the decade. The company has earmarked up to €3 billion (£2.5bn) to develop these projects, aiming to become a leader in the European hydrogen market. These projects will use electrolysis to produce the hydrogen, ensuring it is 100%

Germany would plunge in recession, if gas from Russia is stopped abruptly

Germany would plunge into a deep recession if its supply of Russian natural gas was suddenly shut off, the country’s top forecasters warned. The country would lose 220 billion euros ($238 billion) in economic output over the next two years in the event of such a shock, according to a report by five German economic

DNV approves Ballard’s Marine fuel cell module

Ballard Power Systems announced it has received Europe’s industry-first type approval from classification society DNV for its marine fuel cell module FCwave. Ballard said its high-power FCwave module is a flexible solution that can support the energy needs of various vessel types as well as onshore power. The scalable 200kW power module offers a plug-and-play

Amid supply disruptions in Europe, France becomes the top destination for US LNG

France was the top destination for US LNG cargoes in March as Europe began refilling storage after inventories bottomed out and as Russia’s war in Ukraine raised fears of pipeline gas disruptions. Spain was a close second, followed by the UK, an April 4 analysis of trade flow data by S&P Global Commodity Insights showed.

Germany to ration power to manage gas supplies

Germany triggered an emergency plan to manage gas supplies under which Europe’s largest economy could ration power if a standoff over a Russian demand to pay for fuel with roubles disrupts or halts supplies. Moscow’s insistence on rouble payments for the Russian gas that meets a third of Europe’s annual energy needs has galvanised others

E ON signs an MoU with Forrest for $50 billion green hydrogen project

Australia iron ore billionaire Andrew Forrest has struck a potential $50 billion green hydrogen agreement with German energy giant E.ON to produce up to five million tonnes of green hydrogen by 2030. The landmark agreement could deliver one third of Forrest’s hugely ambitious plans to produce 15 million tonnes of green hydrogen by 2030, a