Following a year of Coronavirus pandemic effects, demand for liquefied natural gas (LNG) is expected to recover rapidly in 2021. Courtesy of Cheniere Asian spot LNG prices have already recovered to the highest levels since 2014, after suffering a record low in April this year. The recovery was driven by
Scotland is progressing with its project that will see a conversion of a retired electric train to Hydrogen power. Courtesy of Scottish Enterprise The project is lead by Scottish Enterprise in partnership with Transport Scotland and the University of St Andrews’ Hydrogen Accelerator. On Tuesday, Scottish Enterprise informed that a
Spanish national grid operator Enagás and its compatriot ACCIONA are moving forward with the Power to Green Hydrogen Mallorca industrial project. Courtesy of Enagás The pair has acquired an electrolyzer, the key component of the electrolysis plant that the partners plan to build and operate in order to produce renewable
U-Ming Marine Transport (Singapore), a fully-owned subsidiary of U-Ming Marine Transport Corporation, has held a christening ceremony at Qingdao Beihai Shipyard for M.V. Grand Wisdom, its second 325,000 dwt Very Large Ore Carrier (VLOC). The vessel is equipped with an advanced MAN B&W main engine, and embedded with LNG ready
The German government has extended the period in which it provides grants for equipping and converting seagoing vessels to use LNG as a marine fuel. Illustration purposes only (Courtesy of BMVI) The German Federal Ministry of Transport and Digital Infrastructure (BMVI) sad the deadline has been extended to December 31,
State-owned Pakistan LNG noted that Azerbaijan’s SOCAR and ENOC Singapore placed the lowest bids to supply spot LNG cargoes in February. Courtesy of Pakistan LNG To remind, the company sought two cargoes for delivery in two February windows, namely, February 15-16, 2021 and February 23-24, 2021. The document shows that
Norwegian company Saga Pure, formerly known as Saga Tankers, has committed to subscribe for NOK 35 million (about $4 million) in a private placement of new shares in compatriot carbontech startup Horisont Energi AS. Following the private placement, Saga will own 11.7% of the company. “Ammonia production is currently the biggest
South Korean shipping company Pan Ocean is looking to expand its LNG shipping business with a new order. In a regulatory filing, the company said that it has signed a shipbuilding contract for a single liquefied natural gas carrier worth 2.04 billion South Korean Won ($186.6 million). The company noted
Denmark’s A.P. Moller Holding, a parent company of shipping major Maersk, has decided to invest in compatriot Green Hydrogen Systems, a supplier of modular electrolyzers producing green hydrogen from renewable energy. As informed, A.P. Moller Holding will invest in Green Hydrogen Systems in the form of a convertible loan of