Climate law will come with stringent environmental safeguards

Billions of dollars in hydrogen-industry subsidies from president Joe Biden’s signature climate law will come with stringent environmental safeguards, raising concerns that strict rules will stifle production of the nascent climate-friendly fuel. Under the proposed rules laid out last Friday, the new clean-hydrogen tax credit won’t benefit existing nuclear power plants, which is a blow

NYK strikes long-term LNG charter deal with Sinopec

Japanese shipowner Nippon Yusen Kaisha (NYK) has landed a long-term LNG charter deal with China Petroleum & Chemical Corporation (Sinopec). The contract will see NYK ship LNG to China for up to 23 years, beginning in 2024 or later. No further details have been disclosed. Sinopec has been working to secure vessels to facilitate the

HyPT consortium to advance net zero hydrogen

A significant new international research project is aiming to advance net zero hydrogen production and explore the economic and policy requirements of building a just hydrogen economy. The Global Hydrogen Production Technologies Center (HyPT) is a £14.1m five-year programme featuring almost 20 universities from across the UK, US, Canada and Australia. Cranfield University, Arizona State

US tops in LNG exports

The United States exported more LNG than any other country in the first half of 2023, according to data from CEDIGAZ. US LNG exports averaged 11.6bn cu ft per day during this period, 4% more than in the same period last year, allowing the US to leapfrog past Australia and Qatar in global exports. A

Bangladesh considers joining Global Biofuel Alliance

India has proposed Bangladesh join the Global Biofuel Alliance (GBA), an international initiative spearheaded by Delhi and Washington and aimed at fostering collaboration in the adoption of sustainable biofuels. According to Energy Division officials, Bangladesh is currently reviewing India’s proposal. It is expected that there may be a bilateral discussion on this issue during Prime

US calls for stringent interim goals for shipping decarbonization

Sue Biniaz, the US deputy special envoy for climate, described July’s MEPC meeting as a “key moment” to create emissions reduction targets for the sector that align with the 1.5-degree goal.

Venezuelan crude exports heading to US

The easing of US sanctions has seen nearly a quarter of Venezuelan crude head to the US in the first four months of 2023 in a dramatic shift for tanker trading patterns in the western hemisphere.

GAIL issues swap tender for LNG

According to industry sources, Gas Authority of India Limited (India) has issued a swap tender seeking 12 cargoes of liquefied natural gas (LNG) for loading in the United States in exchange for 12 cargoes for delivery into India in 2024. India’s largest gas distributor is offering the cargoes for loading from the Sabine Pass terminal

US undertakes clean port initiative with $4bn funding

The US has undertaken a $4bn initiative to electrify its ports and reduce heavy-duty vehicle emissions as the government seeks to address excessive consequences on adjacent communities. The US Environmental Protection Agency (EPA) is seeking public input on its $3bn Clean Ports Program to reduce pollutants at US ports and its $1bn Clean Heavy-Duty Vehicle

India supplies green ships to EU and US

India has now started supplying indigenously built “green ships” to shipbuilding nations like Norway, the US, and Germany, boosting its aim to emerge as a global shipping hub. This move has come through amid a global environmental focus on the entire shipping industry. While vessels are responsible for ferrying the majority of goods all over