Canada's indigenous lead climate charge with rail blockade over pipeline plan, put Trudeau in a bind
Canadian indigenous groups are leading the charge against fossil-fuel development in a country with the world's third-largest proven oil reserves, using rail blockades as leverage and putting Prime Minister Justin Trudeau in a bind. Members of the Wet'suwet'en Nation in British Columbia have been fighting ...
From Texas to Tokyo, global LNG market poised for terrible year
Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of supply and warmer temperatures, throwing up risks and opportunities for the producers, buyers and traders behind the world's fastest-growing fossil fuel. The startup of new export projects from ...
Some Kyushu Electric coal ships to use LNG, cutting emissions by 20%
Kyushu Electric Power Co. will start using vessels powered by liquefied natural gas to transport coal for thermal power generation, resulting in reduced carbon emissions from shipping. The utility said Wednesday that Nippon Yusen K.K. and Mitsui O.S.K. Lines Ltd. will separately order the LNG-burning ...
Japan rushes to establish LNG bunkering hub as environmental rules push global fleet to natural gas
A U.N.-led call for action to tighten sulfur oxide emissions may also be a trigger accelerating a shift to natural gas as fuel for the global shipping fleet, and Japan is wasting no time trying to establish a refueling hub in Asia. Some 80,000 vessels ...
India investing $60 billion on gas grid to link up nation by 2024
India, one of the world's largest consumers of oil and coal, is investing $60 billion to build a national gas grid and import terminals by 2024 in a bid to cut its carbon emissions, the oil minister said on Sunday. India has struggled to boost ...
Japan pledges ¥1 trillion to spur LNG demand and growth
The government has pledged an additional $10 billion (¥1.1 trillion) in public and private financing to liquefied natural gas (LNG) projects worldwide, in order to help spur demand for the cleaner fossil fuel, trade minister Isshu Sugawara said on Thursday. The investments will be dedicated ...
Is Japan's 'clean coal' initiative lagging behind the rest of the world?
Even as coal continues to draw renewed criticism, why is Japan continuing its push for what it calls “clean coal” energy?
Inpex inks $20 billion deal on Abadi LNG project, the largest investment ever in Indonesia
Japan's Inpex Corp. reached a new deal with Indonesia on the $20 billion Abadi liquefied natural gas project, a key step toward reviving work on the long-stalled venture that's expected to be the biggest-ever investment in the Southeast Asian nation. A heads of agreement between ...
Indonesia and Inpex reach deal on Masela gas block's development
The Indonesian government has reached a deal with Japan's biggest oil and gas developer, Inpex Corp., on the framework for a $20 billion development plan for an onshore liquefied natural gas facility. An agreement is expected to be signed on the sidelines of the ...
Forecast of a cooler summer in Asia may add to expected LNG glut
Don't count on a summer heat wave to rescue Asia's liquefied natural gas prices. Weather forecasts signal lackluster demand in the largest importing region, raising prospects a global glut will deepen. Temperatures across North Asia this summer will be cooler than a year ago, according ...
Major engineering firm Chiyoda announces ¥180 billion bailout from Mitsubishi and MUFG Bank
Chiyoda Corp., one of the world's leading builders of liquefied natural gas plants, said Thursday it will receive a total of ¥180 billion from trading house Mitsubishi Corp. and MUFG Bank to turn around its finances. Under a reconstruction plan, Chiyoda will get a capital ...
