In 2019 Qatar was the largest LNG exporter with a volume of 107billion cubic meters, closely followed by Australia (104 million cm) and USA (47 mCM). The largest world’s importer of LNG is Japan, the country imported 105.5 billion cubic meters. Next largest importer is China with 84.8 billion cubic meters. source: StatistaContinue Reading
Chevron believes in gas as a transition fuel versus wind or solar. Chevron has multiple liquefaction projects in Australia and Africa. And is one of the biggest LNG exporters and operator of liquefaction projects in those countries. The sharelholders voted in favour of a non-binding resolution calling on the company to reduces emissions generated by the use of its products. But these energy majors have been lowering emission by their...Continue Reading
Shell increased its production in 2020 to 360 million Tonnes. Despite the global GDP lost several trillion dollars because large and small economies struggled by the COVID-19 outbreak. Still the two largest countries by population, India and China, saw an increase of 11% in their LNG import. By 2040 global LNG demand is expected to grow to 700 million tonnes. Source: Shell & Shell LNG outlookContinue Reading
DSME leading LNG carrier sets up new research center for new shipbuilding technologies. Daewoo Shipbuilding and Marine Engineering is one of the largest LNG carrier builders. They set up an alliance between universities from over the whole world (USA, Scotland & south Korea) together with leading maritime classification societies. Source: LNG JournalContinue Reading
Qatar is moving forward with it’s production capacity since LNG prices are rising to high prices. May 2020 when spot price was at all time low ($2/MMBtu) hence the oversupply. On January 11th 2021 LNG spotprice banked at $28.22/MMBtu, hence an extreme cold in south asia which increased demand highly. Source : SPG globalContinue Reading
Timor-Leste, or East Timor, a Southeast Asian nation occupying half the island of Timor, is ringed by coral reefs teeming with marine life. The parliament of Timor-Leste voted in favor Tuesday of ratifying a maritime boundary treaty with Australia that governs how the two countries will share billions of dollars of oil and gas riches lying beneath the Timor Sea. Timor-Leste, one of the world’s youngest and poorest nations, and...Continue Reading
The cultural hot spot ‘Kursaal Oostende’ generates since today all of it electricity, heat and cooling themselves. The building (located in Oostende, Belgium) had a grid connection, but selects 247 Energy solution to disconnect from that grid to (1) safe a considerable amount each year, (2) generate own energy (and prevent issues with power shortages in near future when nuclear power plants are decommissioned in Belgium). Kursaal Oostende (houses over...Continue Reading
On 11 June 2019, patent authorities have granted 247 a patent for its compact power plant (1025698). We are committed to deliver innovations in the energy field and contribute to a cleaner energy production infrastructure.Continue Reading
