U.S. LNG export project developer Venture Global LNG has announced a final investment decision (FID) and closing of the $13.2 billion financing for the Plaquemines LNG facility and the associated pipeline. Courtesy of Venture Global LNG On 25 May 2022, the company said it took an FID for the first
The European Commission (EC), the executive body of the European Union (EU), has established a new task force to provide support to the EU Energy Platform and implement the REPowerEU goal of supply diversification. This has been described as a tool, which will help Europe get rid of Russian fossil
McDermott’s storage business CB&I and Korea Gas Corporation (KOGAS) have signed a memorandum of understanding to explore the development of large-scale liquid hydrogen storage to support Korea’s Hydrogen Economy Roadmap. Courtesy of McDermott In 2021, South Korea announced plans to achieve carbon neutrality by 2050 by replacing coal-fired power generation
U.S. LNG exporter Cheniere has entered into a long-term LNG sale and purchase agreement (SPA) with South Korea’s first private LNG terminal owner Posco International. Courtesy of Cheniere Cheniere’s subsidiary Cheniere Marketing signed the SPA with Posco International, a subsidiary of Posco Holdings, South Korea’s steelmaker and owner of an
Spanish clean energy company Iberdrola will invest €3 billion ($3.2 billion) in green hydrogen to accelerate the European Green Deal. Frans Timmermans, executive vice-president of the European Commission, and Ignacio Galán, chairman of Iberdrola; Courtesy of Iberdrola Ignacio Galán, chairman of Iberdrola, announced the news at the World Economic Forum
Following German Chancellor Scholz’s Africa tour, the African Energy Chamber (AEC), which identifies itself as a voice of the African energy sector, believes it to be a critical step towards achieving energy security. Germany is looking at multiple ways to reduce its dependence on Russian gas and is working on
Japanese energy giant Jera and partners have marked completion of the Nanohana Pipeline connecting the Futtsu LNG import terminal and the Anegasaki thermal power station in Chiba. Courtesy of JERA The partners include Jera, Keiyo Gas, Otaki Gas, TEPCO Energy Partner, and Nanohana Pipeline. On 20 May, they held a
MacGregor, a part of Finnish Cargotec, has secured a contract to supply comprehensive packages of RoRo equipment for three RoPax ferries powered by four liquefied natural gas (LNG) engines of dual-fuel type with battery assistance. Image by Remontowa Marine Design & Consulting MacGregor will supply the equipment to pro-ecological, low-emission
Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has ordered tank design for new LNG carriers from French LNG containment specialist GTT. Illustration only; Courtesy of DSME On 24 May, GTT informed in a statement that it received this order the previous month from its partner the Korean shipyard DSME.
Oilfield services provider Petrofac has been awarded a new contract to provide offshore operations services for BP’s Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal. As informed by Petrofac on Wednesday, the scope of work encompasses the provision of specialist personnel, plant and equipment to support offshore operations at