Russia burns off millions of dollars in gas

Russia is burning an estimated $10 million worth of natural gas a day near its border with Finland, even as it threatens to push Europe into a winter energy crisis by restricting exports to Germany and other countries. According to analysis of heat levels and satellite data by Rystad Energy, State gas giant Gazprom is

World’s first hydrogen-powered train fleet launched in Germany

A fleet of 14 trains powered entirely by hydrogen is launched in Germany’s Lower Saxony state. Germany has inaugurated a railway line powered entirely by hydrogen, a “world premiere” and a significant step forward for green train transport despite nagging supply challenges. A fleet of 14 trains provided by French industrial giant Alstom to the

Gazprom to shut gas pipeline to Europe for maintenance

Russia’s state-owned energy company Gazprom says a key pipeline conveying natural gas to Europe will shut down for three days at the end of this month to undergo “routine maintenance.” The latest shutdown will come a month after Gazprom restored natural gas supply through the pipeline to only a fifth of its capacity after a

Demand for natural higher than its production

Natural gas demand in major consuming countries stood in June at 104 percent of year-ago levels, but production was flat compared to 2021 levels, new data from the Joint Organisations Data Initiative (JODI) showed. While US natural gas production has been rising in recent months alongside LNG exports, Russian gas production has plummeted since Russia

New LNG import infrastructure picks up pace in Europe

The countries across Europe to install new LNG import facilities in record time continues to pick up pace, with FSRUs now secured for deployment in a number of EU member states. The sharp fall in Russian pipeline imports – and the prospect of flows from Russia being cut further or halted completely – has led

Heavy-duty hydrogen trucks by Hyundai to hit roads in Europe

Hydrogen-powered trucks will take to the road in Europe with the funding from the German government, which will support the rollout of 27 heavy-duty Xcient Fuel Cell trucks by Hyundai to a group of seven German companies. The seven German companies working in logistics, manufacturing, and retail will put 27 Xcient Fuel Cell trucks into

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

Carbon-accounted tanker assessments under ETS by Platts

S&P Global Commodity Insights has announced that it will introduce daily Platts price assessments for freight emissions under the European Union’s Emissions Trading System (ETS). The new assessments will show the cost of carbon dioxide emissions from fuel combustion to transport crude or fuel oil on an aframax tanker via an initial four European shipping

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

EU to jointly launch hydrogen projects with a group of 35 companies

The European Commission approved a 5.4-billion-euro ($5.4 billion) hydrogen project jointly funded by 15 EU countries and 35 companies including Alstom and Daimler Truck, seeking to gain the edge in an innovative sector. The project, called IPCEI Hy2Tech, aims to attract another 8.8 billion euros in private investments. Other participating companies include Ansaldo, Bosch, Enel,