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Despite pressures on financing, global energy investment is expected to reach $3 trillion in 2024 with over 1 trillion going on fossil fuels amid a new wave of LNG export projects adding over 50 percent to supply capacity by 2030, mostly from the US and Qatar.
Entergy Texas, one of the main power companies at the centre of the LNG export sector on the US Gulf Coast, has filed an application with the Public Utility Commission of Texas (PUCT) for approval to construct two natural gas-fired power plants to build up electric resiliency in the state.
Intercontinental Exchange Inc., the leading global provider of energy trading platforms, said that global futures and options markets reached record open interest of over 96 million contracts during May as market players in sectors such as oil, natural gas and LNG launched hedging operations amid volatile prices.
Free ReadTotalEnergies, the French major with a world-class LNG portfolio of 44 million tonnes per annum, is increasing its natural gas infrastructure investments by paying £450 million ($575M) for a gas-fired power plant in the UK to help mitigate its large holdings of intermittent renewables in the British energy markets. TotalEnergies…
Clean Energy Fuels Corp., the US producer of natural gas made from waste and a supplier of LNG fuel at over 600 filling stations around North America, has expanded its network near its base in Southern California.
Free ReadAustralian liquefied natural gas bunkering company Pilbara Clean Fuels (PCF) has completed a study for the development of an electric-driven and small-scale liquefaction plant at Port Hedland in Western Australia as part of a joint venture to fuel iron-ore carriers with LNG for voyages to Asia. Oceania Marine Energy (Oceania)…
Italian floating LNG terminal company, OLT Offshore LNG Toscana controlled by Italian natural gas grid and LNG terminals operator Societa Nazionale Metanodotti (SNAM), said the “FSRU Toscana” has completed the first phase of maintenance at a shipyard in Italy’s northwest port of Genoa.
UK major BP said the floating production storage and offloading (FPSO) vessel, a key component of the floating LNG development on the maritime border of Senegal and Mauritania in West Africa, has arrived at its final location.