Ancala’s Post

Natural gas in providing energy for today and a bridge into the future…….

I've seen first hand the strategic importance of natural gas in the energy landscape. As the energy sector undergoes its transition, it’s clear that natural gas isn't just a temporary solution; it's pivotal for several reasons: ☑️ Being one of the more affordable sources of energy, it will be essential in ensuring that the transition to cleaner energy sources is economically viable, especially in regions where cost constraints are paramount. ☑️ Given the extensive infrastructure already in place for natural gas, leveraging this existing network can expedite the energy transition process. This infrastructure can also be adapted in the future for hydrogen distribution, further emphasizing its long-term relevance.   As we strategize our investments, I believe a balanced approach that incorporates natural gas technologies, while also looking at future-oriented technology solutions such as hydrogen and CCUS, will ensure organizations remain at the forefront of this energy transition, leveraging the potential of natural gas and beyond. As Lorenzo Simonelli has said: “Natural gas will continue to play a critical role as a bridging and destination fuel for the energy transition".   https://lnkd.in/gxQezvu8. #EnergyTransition #WeAreBakerHughes #BakerHughes #NaturalGas #Hydrogen #LNG #CCUS #Energy

Cedar LNG, a joint venture between the Haisla Nation and Pembina Pipeline Corporation, has reached a positive Final Investment Decision (FID) on the world’s first Indigenous majority-owned, hydro-powered floating liquefied natural gas (LNG) facility. This project will be powered by renewable electricity from BC Hydro, making it one of the lowest-emitting LNG facilities globally. With a nameplate capacity of 3.3 million tonnes per annum, the Cedar LNG Project is located in the traditional territory of the Haisla Nation on Canada’s West Coast. This strategic positioning leverages Canada’s abundant natural gas supply to deliver a lower-carbon energy option to global markets. “Today, the Haisla Nation, with our partner Pembina, have made history as the world’s first Indigenous community to develop an LNG facility as majority owners,” said Crystal Smith, Chief Councillor of the Haisla Nation. ” Because of our Nation’s determination and environmental leadership, Cedar LNG will make the most significant mark on economic reconciliation ever in our country. With Cedar LNG, we have proven that Indigenous communities can successfully forge a path to economic independence and generational prosperity. We have created a model for how sustainable energy development should be done, with Indigenous Nations as owners, balancing environmental interests with global demand for cleaner energy.” Read more: https://lnkd.in/eh_mJmke #hydropower #LNG #indigenousnations

🚀 Exciting News in the Energy Sector! 🌐 QatarEnergy and ExxonMobil forge ahead with the Golden Pass LNG project. 🌍✨ 📈 The Golden Pass LNG project represents a significant stride towards a sustainable and energy-efficient future. As we witness this collaboration between two industry giants, it reaffirms their commitment to innovation, excellence, and meeting the growing global demand for liquefied natural gas. 🌐 This initiative not only showcases the resilience and adaptability of the energy sector but also underlines the importance of strategic partnerships in driving progress. The Golden Pass LNG project is poised to contribute to the diversification of energy sources and enhance energy security on a global scale. 🔍 Key Highlights: 🌱 Sustainable Energy: A step towards cleaner and greener energy solutions. 🤝 Strong Collaboration: QatarEnergy and ExxonMobil joining forces for a common goal. 🌏 Global Impact: Meeting the rising demand for LNG and ensuring energy security worldwide. Let's celebrate these remarkable strides towards a more sustainable and energy-efficient future! 💡🌟 #EnergyIndustry #LNG #QatarEnergy #ExxonMobil #GoldenPassLNG #GlobalPartnership

I still remember when recently Dutch/British global energy major Shell was acquiring #renewableenergy and #electricvehicle #charging businesses. With continued/heightening geopolitical tensions, the price and demand for #naturalgas will remain buoyant, and natural gas does indeed make sense as a transition fuel from #oil and #coal, but will these #energycompanies utilize cash gains to re-invest in next generation energy technologies to continue to improve efficiencies and reduce/capture #emissions? Last I checked, it seemed like Shell ventures and Equinor Ventures seemed to be slowing down investment activities. #corporateventurecapital Either way, dealmaking in the #energy industry remains robust. #lng is one of the most active in particular, the economics for energy companies are attractive, and public markets #shareholders are back in favor of energy!

Woodside Energy Group Ltd (ASX:WDS, LSE:WDS, OTC:WOPEF) has announced the sale of a 15.1% stake in the Scarborough LNG project, in Australia, to Japan's largest utility company in a deal worth US$1.4 billion. The deal sees an upfront purchase price of around $740 million, plus reimbursement for back-costs dating back to 1 January 2022 (the ‘effective date’ of the transaction). It is expected to complete in the second half of 2024, subject to regulatory and financing approvals. Woodside noted that the joint venture group deepens arrangements between the firms around LNG cargo sales and new energy collaborations aimed at decarbonisation. “Woodside welcomes Japan's largest utility, JERA, into the Scarborough joint venture,” Woodside chief executive Meg O’Neill said in a statement. More at #Proactive #ProactiveInvestors http://ow.ly/onPV105jtN6

Congratulations to PETROVIETNAM GAS (PV GAS) and its partners on this significant milestone. A second phase of development of the LNG precinct would take storage capacity up from 1 million tonnes to 3 million tonnes, with LNG to be distributed to customers via pipelines or tankers/satellite warehouses. Vietnam took delivery of its inaugural LNG shipment in July, the first step towards LNG making up nearly 15 per cent of the country's fast-growing energy use by 2030. It's part of a wider plan to have gas replace coal in underpinning Vietnam's energy system, providing far lower-emission electricity generation as the country continues to increase investment in renewables. #naturalgas #naturalgasindustry #lng #lngindustry #energysecurity #energytransition #decarbonisation #dearbonization #netzero #vietnam #asia

The energy landscape is undergoing a profound transformation, driven by the urgent need to address #climatechange. In this context, Greenture, a subsidiary of the Italian TSO Snam S.p.A., is playing a key role in facilitating the transition towards a more sustainable future.   ALESSIO TORELLI our Chairman and Managing Director will delve into that topic at #LNGCON 2024 in Milan, Italy, on 11-12 March 2024 “Transition fuels like #LNG and #BioLNG are crucial to enable the achievement of the 2030 objective of 55% reduction of #GHG emissions established by the European Fit for 55 package and of at least 20% reduction of GHG emissions established by IMO in the maritime sector”   “Greenture is committed to developing and managing national small-scale LNG infrastructure projects (such as liquefaction plants, truck loading and vessel reloading infrastructures, etc.), with the aim of increasing the availability of LNG and Bio LNG in Italy” - Alessio Torelli, Chairman & Managing Director of Greenture BGS Oil & Gas Events https://lnkd.in/ejqHryZH