Australia proposes to be a big green hydrogen exporter to Asia

In its latest budget, the federal government has promised hundreds of millions of dollars to expand Australia’s green hydrogen capabilities. Green hydrogen is made by electrolysis of water, powered by solar and wind electricity, and it’s key to the government’s “technology not taxes” approach to meeting its climate target of net-zero emissions by 2050. The

EU seeks extra LNG from Japan, hedging against Russia cutoff

The European Commission has approached the Japanese government about sending additional liquefied natural gas to hedge against a possible retaliatory cutoff of supply from Russia following Moscow’s invasion of Ukraine, Nikkei has learned. This infusion would be on top of the LNG that Japan agreed to deliver to Europe in March. The European Union and

Power demand limits Japan’s bunker fuel availability

Japan’s marine fuel availability has been tight since early November as Japanese refiners prioritise fuel oil supply requests from the domestic power sector in preparation for peak winter electricity demand. Japanese refiner Eneos has received 2½ times more fuel oil delivery enquiries from Japanese power firms compared with a year earlier, while the company’s supply

Countries call for net-zero emissions in shipping

A panel of the International Maritime Organization is looking into a proposal to achieve net-zero greenhouse gas emissions in international shipping by 2050. Discussions on the plan are being held at the meeting of the UN agency’s committee that kicked off on Monday. The proposal to reduce global shipping emissions to net zero by 2050