Even though global energy investments are expected to reach $2.4 trillion this year – driven by renewables, energy efficiency and rising costs – the International Energy Agency (IEA) believes that this is not enough to come to grips with the energy security and climate crises, exacerbated by the current geopolitical
Japanese companies INPEX Corporation, IHI Corporation and Mitsui O.S.K. Lines (MOL) have demonstrated a clean ammonia supply chain linking the United Arab Emirates (UAE) and Japan. Ammonia production plant in Abu Dhabi. Courtesy of MOL/INPEX/IHI The clean ammonia used for the demonstration was supplied by Abu Dhabi National Oil Company
Switzerland-based technology company ABB has been contracted by power generation products manufacturer Japanese IHI Power Systems to provide propulsion solution for the electric tug for the ports of Tokyo Bay. Courtesy of Tokyo Kisen The electric tugboat Taiga is the result of a collaboration between towage specialist Tokyo Kisen and
Dutch energy infrastructure firm Gasunie will develop the hydrogen network in the Netherlands in the coming years, after which it will assume the role of the transmission system operator (TSO). Courtesy of Gasunie On 29 June, the Dutch minister for climate and energy Rob Jetten announced new plans for the
The Compact Reliq reliquefaction plant from Finnish technology group Wärtsilä will be installed on three more LNG carriers for Norway-based Knutsen OAS Shipping. Courtesy of Knutsen This brings the total number of orders for the tech for the same customer to eight. Out of these, two have been ordered in
As the current geopolitical crisis pushes energy security concerns to the forefront, S&P Global Platts, an independent energy markets information provider, forecasts that Europe will need at least 150 GW of renewable power to meet its green hydrogen goal, which is expected to assist not only in phasing out Russian fossil
Shell’s Prelude FLNG facility offshore Western Australia will have its operations disrupted until at least mid-July due to industrial action. Courtesy of Shell On 29 June, Shell informed Reuters that LNG shipments from the Prelude FLNG would be disrupted for at least two weeks due to work bans by unions
Industrial gas supplier Air Products and refinery Gunvor Petroleum Rotterdam (GPR), a subsidiary of Gunvor Group, have signed a joint development agreement for an import terminal in Rotterdam. Courtesy of the Port of Rotterdam As explained, the agreement responds to the accelerating demand for green energy sources to meet climate
Belgian LNG terminal operator Fluxys and Norwegian energy giant Equinor have agreed to develop a major carbon capture and storage (CCS) infrastructure project connecting Belgium to Norway. Grete Tveit, Equinor’s senior vice president for Low Carbon Solutions, and Pascal De Buck, CEO Fluxys; Courtesy of Equinor The project is to
[email protected] Shipping AB, a Swedish subsidiary of Finland-based shipping company ESL Shipping, has ordered an additional electric hybrid vessel from Chowgule and Company Private Limited shipyard in India. To remind, [email protected] Shipping previously ordered six identical electric hybrid vessels from the Indian shipyard in September 2021. Now, the shipping company has decided