India expects uninterrupted Russian oil supply for another two months

India does not expect any disruption to Russian oil supply in the next two months as US-sanctioned tankers are allowed to discharge crude until March. The US. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegaz, as well as 183 vessels that have shipped Russian oil, targeting revenue Moscow has used

Fortescue and COSCO Shipping to build green fuel supply chain

Global mining company Fortescue, and marine transport company COSCO Shipping, have signed a non-binding memorandum of understanding to work together to decarbonize shipping. Both companies will collaborate on developing technologies to lower emissions and build a green fuel supply chain. This includes exploring the construction and deployment of COSCO Shipping vessels, or co-owned vessels, powered

TFG Marine to start first Mideast bunker fuel supply

Marine fuel supplier TFG Marine, majority-owned by commodities trader Trafigura, has entered into an agreement with Oman’s SOHAR Port and Freezone to set up its first Middle Eastern bunker fuel supply, the companies said in a statement. Situated in Oman near the Strait of Hormuz and facing the Arabian Sea, the SOHAR Port and Freezone

Deepak Fertilisers to get LNG from Equinor

Equinor has signed a 15-year agreement to supply LNG to India’s Deepak Fertilisers, which will use the gas mainly as a feedstock for ammonia production at a new plant, the Norwegian energy major said. Equinor is growing its LNG portfolio and will use the super-chilled fuel from its operated Hammerfest LNG export plant in Norway

GAIL signs deal with Vitol for LNG supply

GAIL (India) Limited has signed a deal with global commodity trader Vitol Asia to buy around one million metric tons of liquefied natural gas (LNG) annually for 10 years, starting 2026, the state-owned firm said on January 5. Vitol will deliver LNG from its global LNG portfolio to GAIL at various locations in India, GAIL

Fratelli Cosulich along with IPLOM completes first biofuel supply

Fratelli Cosulich, in partnership with IPLOM (Piedmont Industry Processing Mineral Oils), has begun producing and supplying its own bio VLSFO to reduce the GHG intensity of marine fuels and meet the EU requirements. Fratelli, an Italian maritime transportation group, delivered bio VLSFO in collaboration with Genoa-based barge company Ottavio Novella in February 2023, becoming the

India considers LNG reserve to cut supply shortages

India is reportedly considering the creation of a strategic reserve of liquefied natural gas (LNG) to protect against potential supply shortages or price spikes in the future, following the country’s energy crisis last year, according to a senior executive at India’s leading LNG importer. The government has “proposed we should have more storage space for

Japan, and Australia agreed to work together on hydrogen supply

Japan announced the launch of a hydrogen supply chain with Australia as the two countries and Southeast Asian nations gathered for their first ministerial meeting on the reduction of carbon emissions in the fast-growing region. In a joint statement issued after the one-day meeting in Tokyo, a total of 11 nations joining AZEC said they