CCS Scaling up Globally from North America to the UK to Europe
Globally, major economic powers are beginning to move toward carbon storage as a key method for tackling climate change. At the fore is the oil and gas industry, which has a key competitive advantage in developing CCS projects.
Energy Transition in Motion (Week of Sept. 1, 2023)
Here is a look at some of this week’s renewable energy news, including over $1 billion in equity capital raised for a lithium-ion battery recycler and $2 billion more for a planned EV battery plant.
Japanese Airline First to Purchase Carbon Credits from 1PointFive
All Nippon Airways is the first airline to sign a purchase agreement with 1PointFive for carbon removal credits.
LNG Exporting SE Asia Eyes More Imports
The eleven country Southeast Asia region remains a net LNG exporter, but falling reserves are pushing some countries to eye LNG imports, according to Poten & Partners.
Japan's Mitsui Says No Plans to Exit Russia's Sakhalin-2 LNG Project
"We have no plan to exit the project at the moment," said Toru Matsui, Mitsui's senior executive managing officer.
Morgan Stanley: US LNG Exporters Could See Cargo Cancellations
The investment bank Morgan Stanley warns U.S. LNG exporters could see cargo cancellations in the second half of 2023 due to robust gas storage injections in Europe and weaker demand for LNG in Asia.
Japan’s Mitsui to Invest in Delfin’s FLNG Business
As part of the agreement, Mitsui O.S.K. Lines Ltd. will make an investment in Delfin Midstream Inc.'s FLNG business.
Japan to Invest $107 B in Hydrogen Supply Over 15 Years
Japan has revised their hydrogen supply target to 12 million tonnes per year by 2040.
Marubeni, Pembina Pipeline Partner to Develop Ammonia Facility in Canada
The project aims to build a low-carbon ammonia supply chain from Western Canada to Asian markets.
Osaka Gas sees profit jump in FY23/24 after Freeport LNG restarts
The shutdown of Freeport LNG caused a 147.7 billion yen loss for Osaka Gas.