LNG

An official of the European Union in an exclusive interview with PREMIUM TIMES said the EU is willing to help Nigeria increase the competitiveness of its liquified natural gas (LNG). Matthew Baldwin, EU deputy director on energy, told PREMIUM TIMES that the EU is willing to partner with Nigeria to make its gas cleaner thereby improving its competitiveness in years to come. Mr Baldwin who visited Nigeria on a fact finding mission said the EU is seeking to move away from Russian gas following the aggression on…

ISLAMABAD—The war in Ukraine is depriving far-away developing countries of electricity, as the world’s supply of liquefied natural gas used to produce power is swallowed up by European nations as an alternative to Russian gas. A tender from Pakistan for around $1 billion of liquefied natural gas attracted no offers Thursday , Pakistani officials said. Each day, businesses and homes are suffering hours of government-imposed electricity shutdowns because the country can’t import enough natural gas to fuel power plants. The…

Russia took control of the international consortium behind the giant Sakhalin-2 oil-and-natural-gas project, handing it to a new Russian entity that will effectively give the Kremlin say over which foreign investors will be allowed to keep their stakes.Sakhalin-2, in Russia’s Far East, is one of the world’s largest oil-and-gas projects, supplying about 4% of the global liquefied-natural-gas market and counting the likes of Shell PLC and Mitsubishiamong its shareholders. Russia took control of the international…

Australia's carbon emissions rose nearly 1 percent in 2021, as driving and travel picked up and manufacturing activity recovered in the revival from COVID-19, the government said. The rise, which authorities expect to continue into the March quarter of 2022, poses a challenge for the new Labor government which has boosted the country's climate pledge, aiming to cut emissions by 43 percent from 2005 levels by 2030. Emissions climbed by 4.1 million tonnes of carbon dioxide equivalent (Mt CO2-e) to 488.0 Mt CO2-e, driven by…

TotalEnergies CEO Patrick Pouyanné, wearing glasses, and Qatari Minister of Energy Saad Sherida Al-Kaabi met at QatarEnergy headquarters in Doha, Qatar, on Sunday. Photo: karim jaafar/Agence France-Presse/Getty Images…

HD Hyundai has announced that the Prism Courage, a 122,000 tonne ultra-large natural gas tanker operated by its subsidiary Avikus, has become the first large ship to make an ocean passage of over 10,000 km (6,210 miles) under autonomous control.A ship that is capable of sailing itself isn't new. Even the smallest vessel can be equipped with an automatic pilot and it isn't uncommon to come across stories of freighters steaming into harbor without a soul aboard after being prematurely abandoned by their crews. In fact, even…

Natural-gas exporter Venture Global LNG Inc. said it would build a new, multibillion-dollar liquefied natural-gas export facility in Louisiana, as demand for U.S. gas exports surges in Europe following Russia’s invasion of Ukraine.The company said Wednesday it had secured $13.2 billion in financing and gave final approval for the Plaquemines project near New Orleans—the first new U.S. plant to get a green light in three years. Natural-gas exporter Venture Global LNG Inc. said it would build a new, multibillion-dollar…