LNG Archives - Seneca ESG

08 May Vietnam Aims to Double Power Generation Capacity by 2030

Posted at 16:46 by Tracy Liu

Vietnam plans to increase its power generation capacity to 158 gigawatts (GW) by 2030, more than double the capacity in 2020, as reported by Reuters on May 5. The government's plan, which was discussed with foreign investors and diplomats, aims to heavily rely on coal...

19 Apr Norwegian Parliament Urges Government to Consider Alternatives to Electrification at LNG Plant

Posted at 16:09 by Tracy Liu

Norway's parliament has instructed the government to consider using carbon capture and storage (CCS) technology as an alternative to electrification in reducing carbon emissions at the country's largest liquefied natural gas (LNG) plant, the Melkoeya LNG plant, as reported by Reuters on April 18. The Melkoeya LNG plant is one of the biggest...

01 Dec China’s Shenzhen Energy Signs LNG Deal With BP

Posted at 16:12 by Tracy Liu

China’s state-owned power generation firm Shenzhen Energy Group [000027:CH] signed a long-term contract with BP Singapore [0177251D:SP], a subsidiary of the British oil and gas giant BP PLC [BP:LN], to buy liquefied natural gas (LNG) and secure supplied for local gas-fired power plants, as reported...

13 Jan Chinese Energy Producers Secure Long-Term Natural Gas Supply from Novatek

Posted at 10:13 by Jordy Leo

Russia’s second-largest natural gas producer Novatek [NVTK:LI] has signed a long-term procurement agreement with two Chinese energy firms, Zhejiang Energy and ENN Natural Gas [600803:CH], as reported by Caixin on January 12. Under the contracts, the Russian company will supply up to 1m tons of...

23 Dec Japan’s JERA Acquires a 12.5% Stake in Australia’s Barossa Gas Field

Posted at 11:17 by Jordy Leo

Japan’s largest power generation enterprise JERA has signed an agreement with a subsidiary of Australian energy developer Santos [STO:AU], to raise its share in the latter’s Barossa gas field project from 6.1% to 12.5%, as reported by NT Independent on December 19. The two parties...

20 Dec BP to Supply Pipeline Natural Gas to China’s SPIC from 2023

Posted at 11:22 by Jordy Leo

British Petroleum [BP:US] has signed a ten-year supply agreement with a subsidiary of China’s State Power Investment Corp (SPIC) to provide the latter with up to 200,000 tons of piped natural gas per year from 2023, as reported by S&P Global on December 16. BP...

15 Dec EU’s Antitrust Veto to Halt Merger between Hyundai Heavy and DSME

Posted at 11:22 by Jordy Leo

The restructuring plan between the world’s two largest shipbuilders, Hyundai Heavy Industries [HYYYF:US] and Daewoo Shipbuilding & Marine Engineering (DSME) [042660:KS], is set for an EU antitrust veto, as reported by Korean Economic Daily on December 12 citing people familiar with the matter. The EU...

09 Dec Woodside Petroleum Plans to Invest USD5bn in Clean Energy through 2030

Posted at 11:25 by Jordy Leo

Woodside Petroleum [WPL:AU], Australia’s major petroleum exploration and production company, announced an investment worth USD5bn in clean energy by 2030, as reported by Bloomberg on December 8. On the same day, the enterprise announced a trial project of concentrated solar power in California, together with...

18 Jun South Korean SK Faces Backlash over So-called CO2-Free LNG Deal

Posted at 14:10 by Edward Chen

SK Group, South Korea’s third-biggest conglomerate and one of Asia’s top producers of chemicals and energy products, is recently accused of greenwashing an LNG project in the Barossa-Caldita gas field off the Australian coast, as reported by Financial Times on June 17. While SK claimed...

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