LNG

Itochu, Osaka Gas and Toho Gas agreed to offtake e-LNG, or synthetic methane, from a plant developed by TotalEnergies and TES in Nebraska. The Japanese trio took a combined 33.3% stake in the Live Oak e-NG project and the related offtake will help the project reach FID in early 2027.

DNV GL, the European maritime classification society, has released its marine fuel forecasts through 2050 with liquefied natural gas being one of the preferred options even over the new hyped fuel of hydrogen because of the estimated price of hydrogen and the high investment costs for the engine and fuel systems.