Wärtsilä to help Capital Gas cut GHG emissions

The Finnish technology group Wärtsilä has partnered up Capital Gas Ship Management Corp. to develop a new Fleet Decarbonisation Programme aimed at boosting the efficiency of the company’s LNG carrier fleet. The agreement was signed in June 2022 and will be applied to a fleet of six 174,000 cbm LNG carriers within the Capital Gas

Gas crisis puts LNG cargo trade concentrated in major traders’ hands

Increasing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses. This grip is not expected to ease until 2026 when more liquefied natural gas (LNG) starts to materialise and lower prices, adding to supply worries for

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

Research says traditional hydrogen blending could damage gas pipelines

University College London researchers have said in a new study that the pumping of hydrogen into gas networks poses risks and requires a rethinking of usual blending techniques. The low molecular mass of hydrogen reduces the penetration of a side-branch flow and increases the buoyancy forces leading to stratification with high hydrogen concentrations on the

Gas liquefaction capacity expected to double by 2028 in the world

Clarksons Research is predicting a double of liquefaction capacity by 2028. The newbuild orderbook now stands at 40% of existing capacity, up from 27% at start 2021, while 32% of existing capacity is steam turbine and there are uncertainties around the impact of upcoming EEXI and CII regulations. Record LNG newbuild carrier contracting has seen

NIOC and Gazprom agree for development of three major gas assets

Iranian state-owned NIOC has signed an agreement with Russia’s state-controlled Gazprom covering co-operation on the development of three major gas assets. As part of the deal, the firms will work together on the 55 trillion ft³ (1.6 trillion m³) Kish and the 57.1 trillion ft³ North Pars fields, and to boost pressure levels at the

Huge spending needed to decrease methane from the world

According to a report from the Climate Policy Initiative, a tenfold increase in methane abatement spending is needed to sharply cut global emissions of the potent greenhouse gas and avoid the worst of climate change. The world needs to dramatically ramp up spending tenfold to $110 billion a year to curb methane releases. The potent

Gas flows to Europe from Russia drops in June

Russian gas flows to Europe dropped to new lows in June after Gazprom slashed supply via the Nord Stream pipeline. The pipeline was cut off cut off to more buyers over a ruble payment dispute. Russian pipeline exports to Europe in June via its main operational corridors — Nord Stream, Ukraine and the TurkStream string

Ethanol gas emerging as cheap alternative in the US

At certain gas stations across Sacramento, the capital city of the US state of California, E-85, a gasoline blend of 85 percent ethanol and 15 percent gasoline, is priced significantly lower than normal gasoline currently because the price of corn is trading below the price of petroleum. In the mid-2000s, Chevy and Ford created many

Lhyfe gets green signal to build green hydrogen plant

Lhyfe gets green signal to start construction of a renewable green hydrogen plant from the city of Schwäbisch Gmünd, Germany.  The new plant will have a capacity of up to 4 tonnes/day, about 10 MW. The plant will be built near publicly accessible hydrogen filling stations and a pipeline to supply a nearby technology park