Outlook & Strategy
SEA-LNG: LNG has half the lifetime cost of methanol and ammonia
The lifetime fuel costs of meeting key European decarbonisation targets for shipping through the LNG pathway are expected to be roughly half that of the methanol or ammonia pathways, according to the findings of a new analysis from the SEA-LNG coalition. The multi-sector coalition promotes the comme
Wildlife monitoring buoy hits water in Morlais tidal energy zone
A wildlife monitoring buoy has been deployed in the sea off the coast of Holyhead, marking a significant milestone for tidal energy in Wales, as the data gathered will inform future turbine installations at the Morlais tidal energy site as well as similar projects worldwide.
Ports of Stockholm and Freeport of Riga to apply for joint EU funding
The Ports of Stockholm and the Freeport of Riga Authority have signed a Memorandum of Understanding (MoU) to work on a joint application for EU funding to reduce the impact of port activities on the environment. The partnership aims to enable further development of passenger terminals in the two cap
Industry calls for final adoption of EU’s Renewable Energy Directive
Large energy consumers, renewable energy producers and other members of the energy industry and its supply chain have in a joint letter urged for the faster final adoption of the revised EU’s Renewable Energy Directive.
LNG Croatia turns to Wärtsilä to extend regasification capacity of Krk LNG terminal
Finnish technology group Wärtsilä has secured a contract to extend the capacity of the regasification system installed onboard the LNG Croatia, a floating storage and regasification unit (FSRU) owned by Zagreb-based LNG Croatia. Under the contract, Wärtsilä will extend the capacity of the 280-metre-
T&E Study: Europe’s busiest ports reel under resurgence of cruise ship pollution
Toxic air pollutants from cruise ships around ports are higher than pre-pandemic levels, leading to increased air pollution in Europe’s port cities, a new Transport & Environment study shows. The study indicates that despite introducing the UN shipping body’s sulphur cap in 2020, Europe’s 218 cruise
Shell on decarbonisation quest plans to dish out $10-15 billion in low-carbon energy by 2025
Shell has decided to step up its decarbonisation efforts by boosting its low-carbon energy solutions business with investments of $10-15 bln.
Project Greensand gets DNV’s safety approval
Classification society DNV has verified the safety of all aspects of Project Greensand’s CO2 storage in the North Sea. Project Greensand includes capturing CO2 at an INEOS Oxide site in Zwijndrecht, Belgium, which is transported cross-border and stored in the Nini field in the Danish North Sea. The
BASF joins forces with CSSC on onboard carbon capture tech
CSSC Power Co., a wholly-owned subsidiary of the China State Shipbuilding Corporation (CSSC), and the world’s largest chemical producer BASF have teamed up on expediting the progress of onboard carbon capture (CO2 capture) systems for commercial maritime applications. The partnership is expected to
Norwegian wave energy company sets out to explore large-scale projects in India
Norwegian wave energy company Havkraft and Indian independent power producer Opera Energy have entered into strategic agreement to investigate the potential for the deployment of wave energy farms across various sites in India.
Lithuanian KN has new long-term strategy focused on energy transformation and climate neutrality
Lithuanian LNG terminal operator Klaipedos Nafta (KN) has introduced its new corporate strategy for the period 2023-2050 which is centred around the efficiency of current activities, preparation for the energy transformation and transition towards activities in the new energy field. The strategy, wh
CIP buys stake in CWP’s green hydrogen development portfolio
Copenhagen Infrastructure Partners (CIP) has made a strategic investment in CWP Global’s development portfolio of ultra-large-scale green hydrogen hubs, including projects across Africa, Australia and the Americas. CWP Global, a developer of renewable energy, currently has a green hydrogen hub portf
New subsea link in Greece goes into full operation
Greek electricity grid operator Independent Power Transmission Operator (IPTO) has put the Western Corridor, part of the Peloponnese interconnection, into full operation. The Western Corridor includes the electricity transmission line connecting Megalopoli with Patras and Western Central Greece, con
Exceedence announces crowdfunding campaign
Irish fintech company Exceedence, which has developed a software to speed up the rollout of offshore wind, wave and tidal energy projects, has unveiled plans to launch a crowdfunding campaign on Seedrs platform.