Australian exporters could secure new LNG export contracts for existing and new projects to Europe over the next few years as the region seeks to avoid a long-term gas crunch. LNG prices have soared in recent weeks, hitting a six-month high recently, as importers scramble to source new supplies to reduce their dependence on Russia.
For Svitlana Krakovska, Ukraine’s leading climate scientist, it was meant to be the week where eight years of work culminated in a landmark UN report exposing the havoc the climate crisis is causing the world. But then the bombs started to crunch into Kyiv. Krakovska, the head of a delegation of 11 Ukrainian scientists, struggled
Dalian Shipbuilding Industry Co. Ltd. has ordered 2 × MAN B&W 7S35ME-GI dual-fuel engines in connection with the construction of two 7,500 cubic-metre, liquid CO2 carriers for Northern Lights, the joint venture between Equinor, Shell and TotalEnergies. Each ME-GI engine will feature MAN Energy Solutions’ proprietary EcoEGR (Exhaust Gas Recirculation) system. Delivery of the 130-metre
Energy-related carbon dioxide emissions rose to their highest level in history last year, according to the International Energy Agency, as economies rebounded from the coronavirus pandemic with a heavy reliance on coal. The IEA found energy-related global CO2 emissions increased by 6% in 2021 to reach a record high of 36.3 billion metric tons. In
National Hydrogen Mission policy’s second phase is currently under consideration by the central government’s expenditure finance committee, Minister of Power and New & Renewable Energy RK Singh said. The Ministry of Power notified the first part of the National Hydrogen Mission policy on green hydrogen and green ammonia on February 17. When asked about when
US President Joe Biden announced a ban on US imports of Russian oil on Tuesday, in the administration’s most far-reaching action yet to punish Moscow for invading Ukraine. “We’re banning all imports of Russian oil and gas and energy. That means Russian oil will no longer be acceptable at US ports and the American people
Oil prices see-sawed on Tuesday even as Ukraine peace talks made little headway, torn between the prospect of a ban on Russian oil imports and Russia’s warning crude costs could rise to $300 a barrel. After the third attempt by Russia and Ukraine at talks in Belarus, a Ukrainian negotiator said although little progress on
Shell PLC said it is withdrawing from dealing in Russian oil and natural gas, saying it would immediately halt all spot purchase of crude from the country and will phase out its other trading and business dealings. While Russian crude and gas has been exempt so far from Western sanctions, oil soared above $139 a
The European Commission has outlined a new energy roadmap designed to cut reliance on Russian gas by two-third in just a year, BBC reported. The plan envisages ending reliance on all Russian fossil fuels “well before” 2030. In the short term, gas should be sourced from the US and Africa while some countries may need
Over the next few years, MAN Energy Solutions will invest up to 500 million euro in its subsidiary H-TEC SYSTEMS to transform the hydrogen specialist into a mass-producer of PEM electrolyzers as quickly as possible. “Our plan is clear,” explained Uwe Lauber, CEO of MAN Energy Solutions. “We are transforming H-TEC SYSTEMS into one of