The International Energy Agency is looking to set up mechanisms to stabilize natural gas prices and facilitate the sale of excess supplies to countries in need as the protracted war in Ukraine continues to squeeze the global market. The LNG market is smaller than that for crude oil, with much …
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Honda Motor aims to supply fuel cells to big tech companies in North America as clean emergency power for data centers, in a bid to harness the growth driven by artificial intelligence to bring down costs for hydrogen-powered vehicles. A trial of the backup system is underway at a Honda …
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Marking India’s 75th Independence Day last month, Prime Minister Narendra Modi called for energy independence by 2047, when independent India will celebrate its centenary, and announced a National Hydrogen Mission to make India a hub for green hydrogen production and export. India is not alone in having big ambitions when …
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The U.S. and Japan expressed concerns over the situation in the South China Sea, where China has been aggressively pushing its territorial claims, and took up Beijing’s nuclear arms issue during talks with ASEAN and partner nations on Friday. Speaking at the foreign ministerial meeting of the ASEAN Regional Forum, …
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LNG is normally ferried by large vessels with 70.000-ton capacities.
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The project has an estimated price tag of JPY300 billion (US$2.75 billion).
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A sharp rise in oil prices also comes at a delicate time for the global economy.
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The U.S. has already threatened sanctions on the Nord Stream 2 natural gas pipeline currently under construction in Europe.
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Seoul is considering alternative options as spat with Tokyo drags on.
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Seoul is considering alternative options as spat with Tokyo drags on.
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