Europe became the largest customer of US producers of liquefied natural gas recently, taking in more than 50 percent of total U.S. shipments over the last three months. But US LNG, as well as LNG from other sources, would only provide short-term relief. For starters, there are the long-term contracts that all LNG producers in
Tech Mahindra now joins a group of companies like SAP, Maersk and Harman in the ‘The Climate Pledge’, the commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. It is one of the 95 new signatories for the cause. This is nearly a 600 per cent growth in signatories
The UAE’s Port of Fujairah, the world’s third-biggest bunkering hub, is facing increased competition to supply marine fuels in the region, with new entrants ranging from Saudi Arabia to Qatar and Egypt. Qatar has started supplying marine fuels for its own LNG fleet and is now probably the second-largest bunkering hub in the Middle East
Periods of energy disruption, like the one we are seeing today, offer an opening for disruptive technologies. A helping hand for clean energy start-ups can help respond to the current energy crisis while also accelerating progress towards climate targets. A new IEA report released today, on How Governments Support Clean Energy Start-Ups, provides a timely
Mumbai, the Maharashtra’s capital city, announced a comprehensive netzero plan to mitigate carbon emissions by 2050. A target that puts it two decades ahead of India’s national goal and makes it the first city in South Asia to set such a timeline. “We don’t have the luxury of time,” said Aaditya Thackeray, environment minister of
Clean Hydrogen Partnership (CHP) – a brain child of the European Commission – has called for proposals on 41 different research topics with an outlay of €300 million for a comprehensive development of the hydrogen economy. The initial plan is to fund research that will enable hydrogen production and storage. Clean Hydrogen Partnership is a
European oil refiners will probably be forced to cut production of gasoline and diesel as they seek to find alternatives to Russian feedstocks. Shell Plc, which operates Europe’s biggest oil refinery, said this week that operating rates at some of its plants will be reduced, while finding other crude supplies could take weeks. That would
The Head of the Suez Canal Economic Zone (SCZone) Yahya Zaki met with a delegation from the A P Moller-Maersk Group to discuss cooperating to implement projects for the production of green fuels and the use of methanol and green ammonia. A.P. Moller-Maersk held a three-day workshop to discuss implementing projects within the SCZone, especially
The world is turning its back on fossil fuels to save the planet and, in recent times, to hurt Putin and his horrific plans. But, there is a massive problem. Renewable energy, like solar and wind are erratic, and the mega batteries we use to overcome this issue are costly and massively impact the environment.
Mitsui O.S.K. Lines, Ltd., MOL Coastal Shipping, Ltd., Tabuchi Kaiun Co., Ltd., Niihama Kaiun Co., Ltd., Murakami Hide Shipbuilding Co., Ltd., and The Hanshin Diesel Works, Ltd. have agreed to form strategic alliance aimed at reducing environmental impact through the development of methanol-fueled Domestic tanker. The vessel development project, which targets delivery of the ship