Total SE has acquired a 16.6% stake in a liquefied natural gas (LNG) project in Northern Mexico which is being built by US firm Sempra Energy and its local unit Infraestructura Energetica Nova (IEnova). The US$2 billion Energia Costa Azul (ECA) LNG facility, near the port...
Sources of renewable energy accounted for 47.3% of Germany’s electricity production during the first six months of 2019, compared with 43.4% from coal-fired and nuclear plants. The latest figures represent the first time that renewables have produced more electricity than coal and nuclear power combined in...
The UK has gone a full week without using coal to generate electricity for the first time since 1882, in a landmark moment which follows the government’s recent pledge to phase out coal-fired electricity by 2025. The last coal generator came off the system on May...
Royal Dutch Shell and its partners have reached an investment agreement for a US$31 billion LNG mega-project in Western Canada, which has been forecasted to stimulate a fresh wave of investments in major gas projects globally. LNG Canada - the consortium behind the project, comprised of...
Global oil demand will peak in 2023 as electric vehicles (EVs) become competitive with combustion engine cars, according to a new report by energy and maritime services company DNV GL. In its 2018 Energy Transition Outlook, DNV forecast that EVs will account for half of all...
South Africa has dropped plans to expand its nuclear power capacity in its latest energy blueprint, instead turning to renewable energy and natural gas as it cuts down on coal usage. Under former President Jacob Zuma, the government had planned to build up to eight new...
Enbridge has confirmed the US$3.3 billion sale of its Canadian natural gas businesses to a group led by Brookfield Asset Management, as it attempts to cut debt and fund growth. The pipeline giant said that the divested assets include 3,550 km of pipelines and 19 processing...
The total number of LNG imports heading into China from the US jumped significantly last month as the Asian powerhouse seeks to meet record energy demand for heating and industrial use. Total shipments from the US reached 407,325 metric tonnes in November, up from zero in...
The largest offshore natural gas field in the Mediterranean, Egypt’s Zohr field, has started production, bringing the country closer to its goal of being energy self-sufficient. The giant gas field is operated by Italian energy firm Eni, which owns 60% of the field along with Russia’s...
According to experts at Norway-based advisory company DNV.GL, natural gas will become the world’s biggest energy source by 2034, overtaking oil which will peak within 10 years. DNV’s chief executive Remi Eriksen said the group’s first conservative prediction for the future of the global energy industry...