TOKYO : Japan needs to import nearly everything from oil to liquefied natural gas (LNG), putting a clean energy transition at the core of domestic and foreign policy for this year’s chair of the Group of Seven (G7) developed nations. Energy-poor Japan, the world’s third-biggest economy, aims to reach carbon neutrality by 2050 using a […]
IEEFA: Finding the right way forward in Pakistan’s energy crisis – EQ Mag Pro
Pakistan faces dire fuel and power shortages with little end in sight, as wealthy buyers of liquefied natural gas (LNG) offer top dollar for every available cargo amidst the ongoing global energy crisis. Rather than lock in high prices for the long-term, buyers in Pakistan can consider signing shorter five-year contracts with portfolio players. Although […]
Shell hunts for hydrogen opportunities in Australia in net zero push
Royal Dutch Shell is scouring Australia for opportunities to develop its hydrogen business, so far focused on projects in Europe, in its drive to achieve net zero carbon emissions by 2050. Shell Australia Chair Tony Nunan said the company sees hydrogen and carbon capture and storage as essential to the company’s net zero ambitions, and […]
Sri Lanka’s power expansion plan lacks vision and strategic thinking
Prime Minister Mahinda Rajapaksa and Power Minister Dullas Alahapperuma participated in the commencement ceremony off the first 300 MW LNG power plant in Kerawalapitiya where Minister Alahapperuma stated that the power plant signalled a turning point in Sri Lanka’s power generation policy. Earlier, the Minister alluded to this matter at a meeting in Kurunegala where […]
Vietnam needs coal-fired power plants for at least another 15 years
Despite the associated environmental problems, Vietnam cannot do without coal-fired power plants for another 15 years at least, experts say. There is no current alternatives that can help Vietnam ensure energy security and maintain stable prices, they add. There are several coal-fired plants in the pipeline, set to be built by 2025, including the Nam […]
Total studying all-electric LNG plant in Oman
LONDON – Total is considering building a fully electrified liquefied natural gas (LNG) plant in Oman in order to reduce the fuel’s greenhouse gas emissions, the French energy group’s chief executive said. The pilot project, which will have a capacity of 1 million tonnes of LNG, will be powered by solar energy and batteries from […]
Meralco disqualifies 3 bidders for 1,800-MW supply contract
Manila Electric Co. said Wednesday three of nine bidders were disqualified from participating in the competitive selection process for the supply of 1,800 megawatts over a 20-year period. Meralco said the third-party bids and awards committee of the CSP decided to move the opening of the bids to Feb. 19 instead of Feb. 10 to […]
Out in the cold: How Japan’s electricity grid came close to blackouts
TOKYO: Japan’s worst electricity crunch since the aftermath of the Fukushima crisis has exposed vulnerabilities in the country’s recently liberalized power market, although some of the problems appear self-inflicted. Power prices in Japan hit record highs last month as a cold snap across northeast Asia prompted a scramble for supplies of liquefied natural gas (LNG), […]
LNG sales take $12.6b hit despite record exports
Surging renewable energy helped lift Australia’s LNG exports to a record last year as increased use of wind and solar power freed up gas that would otherwise be used in power generation, according to consultancy EnergyQuest. Read More.. Source : afr
LNG to stay in mix even as Singapore shifts to clean energy
$23m awarded to three companies using it as primary source of fuel, including Senoko Even as Singapore makes the shift to clean energy sources such as solar power, liquefied natural gas (LNG) will continue to form a substantial part of its energy mix in the near future. Second Minister for Trade and Industry Tan See […]