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Engie Sa News

16 Nov 2022

Commonwealth Wind Moves Forward with Mass. Offshore Wind Deal

©Fokke Baarssen/AdobeStock

Commonwealth Wind said late Monday it will move forward with a submitted but not yet approved power purchase agreement with Massachusetts electric companies and its 1,232-megawatt offshore wind project.Commonwealth made its announcement after the Massachusetts Department of Public Utilities (DPU) denied, in early November, Commonwealth's motion to suspend its agreement. That motion raised questions about the future of Commonwealth's offshore wind project.Commonwealth is a unit of Avangrid Inc.…

08 Nov 2022

Massachusetts Denies Motion to Delay Offshore Wind Contracts

© Fokke Baarssen / Adobe Stock

Massachusetts utility regulators denied offshore wind power company Commonwealth Wind's motion to suspend its power purchase agreement with state electric utilities, raising questions about the future of Commonwealth's proposed offshore wind project.The Massachusetts Department of Public Utilities (DPU) said in an order on Friday that Commonwealth "is a sophisticated market participant well capable of factoring economic contingencies into its contract prices ... and exercising its options under the existing (power purchase agreements)."Commonwealth is a unit of U.S.

08 Sep 2022

First LNG Shipment Arrives at New Dutch Floating Terminal

(Photo: EemsEnergyTerminal)

The first ship to bring a cargo of liquefied natural gas (LNG) to a new terminal at the Dutch port of Eemshaven has docked and has started the unloading process, the gas grid operator said on Thursday, part of Europe's bid to cut reliance on Russian gas.The LNG tanker Murex berthed alongside the regasification unit at the new EemsEnergyTerminal, which can handle 8 billion cubic meters (bcm) of gas a year, a Gasunie spokesperson said."Everything is going perfectly," Marie-Lou Gregoire of Gasunie said.The terminal, near Groningen, has two Floating Storage Regasification Units (FSRUs) that Gasuni

29 Nov 2021

Cheniere to Sell US LNG to China's Foran Group

© Carabay / Adobe Stock

U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said Wednesday its marketing arm agreed to sell LNG to a unit of Chinese natural gas distribution company Foran Energy Group Co Ltd for 20 years starting in January 2023.Analysts said the deal should move Cheniere closer to making a final investment decision (FID) to build the proposed Stage 3 expansion at its Corpus Christi plant in Texas, which is expected in 2022.The deal is one of several announced in recent weeks…

02 Oct 2019

Engie's Tractebel Unveils Hydrogen Platform

Tractebel Engineering GmbH and Tractebel Overdick GmbH are developing a concept for an offshore platform which makes it possible to produce hydrogen from offshore wind energy at an industrial scale using electrolysis.The companies, both part of French energy group Engie SA, announced that the concept consists of an up to 400-MW plant for the production of renewable hydrogen via electrolysis at an industrial scale.This kind of plant exceeds the output of previous technologies many times over. It could already be put into practice today, for example in the North Sea.The innovative offshore platform can enable a number of tasks to be solved simultaneously. The proportion of “green” hydrogen (H2) in the energy mix can be increased on a CO2-neutral basis.

07 Apr 2019

Global LNG Bunker Fuel Market to Reach $1.3bln by 2026

The global Liquefied Natural Gas (LNG) as a bunker fuel market was valued around US$ 550 million in 2017, and is expected to register a CAGR of over 8.5%. The bunker fuel market revenue value is exprected to reach US$ 1,263.2 million in 2026.According to a market research report, based on the region the market is segmented into US, Europe, China, India, Japan, and Southeast Asia. Europe market is expected to dominate the global LNG as a bunker fuel market, and it accounts for largest market revenue over US$ 260 mn in 2017 as compared to that of markets in other regions.Dominance by Europe market is expected to continue over the forecast period with comparatively higher CAGR than that of other regions…

06 Jan 2019

8.5% Growth Expected for LNG Bunkering Market by 2026

The global LNG as a bunker fuel market was valued around US$ 550 million in 2017, and is expected to register a CAGR of over 8.5%.The first five-year cumulative revenue (2017-2021) is projected to be USD 3.4 bn which is expected to increase significantly over the latter part of the five-year forecast period, said a research report by Marketresearch.LNG ships is expected to be the major application segment in the global LNG as a bunker fuel market. LNG fueled ships emit zero sulphur oxide emissions along with decline in carbon dioxide gas release by 25%, these are primary factors promoting the use of LNG as fuel in marine transport."LNG is used as a marine fuel and it offers various advantages for the ships. LNG as ship fuel will reduce sulphur oxide (SOx) emissions by 90% - 95%.

03 Dec 2018

Global LNG to be Major Part of Bunker Fuel Market

Liquefied natural gas (LNG) ships is expected to be the major application segment in the global LNG as a bunker fuel market.According to a market research report, LNG fueled ships emit zero sulphur oxide emissions along with decline in carbon dioxide gas release by 25%, these are primary factors promoting the use of LNG as fuel in marine transport.LNG is used as a marine fuel and it offers various advantages for the ships. LNG as ship fuel will reduce sulphur oxide (SOx) emissions by 90% - 95%, said marketresearch.Lower carbon content of LNG compared to conventional ship fuels enables a 20-25% reduction of carbon dioxide (CO2) emissions.

09 Jan 2018

US Could Get First LNG Import from Russia despite Sanctions

Christopher De Margerie (Photo: SCF Group)

A vessel that may be carrying liquefied natural gas from Russia's new Yamal LNG export terminal could be heading to the United States despite sanctions against the company that operates the Russian facility, according to a report by S&P Global Platts and Thomson Reuters shipping data. The tanker Chris. De Margerie picked up a cargo from Novatek PAO's Yamal facility, Russia's second LNG export terminal, on Dec. 9 and dropped it off at National Grid Plc's Isle of Grain LNG facility near London on Dec. 28, according to Thomson Reuters data.

19 Dec 2017

The Top 10 Ships of 2017

Maritime Reporter & Engineering News, published since 1939, annually prints details on the world’s “Great Ships of the Year.” Here we rank from those selected in the December 2017 edition the top 10 ships of the year, according to the editors. Builder: Shanghai Zhenhua Heavy Industries Co. Builder: Hanjin Heavy Industries & Construction Co. USS Gerald R. Ford: first-of-class aircraft carrier for the U.S. Owner: U.S. Christoph de Margerie: the world’s first icebreaking LNG carrier. Builder: Daewoo Shipbuilding & Marine Engineering Co.

13 Jun 2017

Small Scale LNG Market to Grow at 2.5% to 2022

The Global Small Scale LNG Market is expected to grow over the CAGR of around 2.5% during the period 2014 to 2022, says a report by Market Research Future. The growth of the Small Scale LNG Market is majorly driven by increased demand for energy in the Asia-Pacific region. The government initiatives that focus on providing cleaner fuel, is driving the market, especially in countries such as India and China. The market is further driven by the growing adoption of LNG for heavy duty transportation purposes in the Europe and North American regions. However, the growth of this market can be restrained by the extensive investment required to construct LNG storage plants and fluctuation in global gas market prices.