The U.S. energy company AES Corporation will acquire a 49.9 per cent stake in AES Colón LNG plant, increasing its ownership to 100 per cent. AES Colon; Courtesy of AES Panama AES Colón includes a 381-megawatt LNG-fired power plant and a 180,000 cubic metres LNG storage and regasification facility. Originally,
Asian spot LNG prices rose to their highest recorded seasonal level due to European customers competing for limited supply, Reuters reported last week. Illustration only; Courtesy of KOGAS This record in Asian LNG prices was reached last week. Citing industry sources, Reuters informed the average LNG price for October delivery
Søren Skou, CEO of the world’s biggest container shipping company Maersk, has called on the UN maritime body to determine the end date for the use of fossil fuels in the shipping industry. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Want
Horisont Energi has submitted an application for a license to establish the Polaris CO2 storage facility off the coast of Finnmark, Norway. The purpose of the permit application is to establish storage for CO2 that is captured during the large-scale production of clean ammonia at the planned Barents Blue plant
Dalian Shipbuilding (DSCI), a subsidiary of China State Shipbuilding Corporation, said the world’s first LNG-fueled very large crude carrier (VLCC) has completed its sea trials in Chinese waters. Courtesy of DSIC The Yuan Rui Yang is a VLCC that COSCO Shipping ordered as a standard fuel ship. However, COSCO signed
JERA Americas, a US-based subsidiary of the Japanese energy giant, makes a $17.7 million investment in German hydrogen technologies company Hydrogenious LOHC. Illustration only; Courtesy of JERA Hydrogenious LOHC was founded in 2013. Meanwhile, it has grown to a market-leading pioneer for liquid organic hydrogen carrier (LOHC). Its basic concept
China Petroleum & Chemical Corporation (Sinopec) has completed its first bunkering operation of a large LNG-powered vessel with more than 250 tonnes bunkered on the Salamanca ship. Courtesy of Sinopec Sinopec’s unit Sinopec Fuel Oil Sales bunkered the chilled fuel for the vessel “W0269” in the Chinese province of Shandong.
Australian energy giant Santos has signed a Memorandum of Understanding (MOU) with the Timor-Leste regulator Autoridade Nacional do Petróleo e Minerais (ANPM) to progress carbon capture and storage (CCS) at Bayu-Undan gas and condensate field located in the Timor Sea. Santos is the operator of the Bayu-Undan Joint Venture with
Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) has signed charter deals with Novatek Gas and Power Asia, a subsidiary of Russia’s PAO Novatek for four newbuilding liquefied natural gas (LNG) carriers. As disclosed, the vessels will be constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME), and are slated