Tag Archives: natural gas

Brazil’s CVM supervisor opens a second investigation into the Petrobras overhaul | Instant News


The logo of the Brazilian oil company Petrobras is depicted at a gas station in Rio de Janeiro, Brazil, February 22, 2021. REUTERS / Ricardo Moraes

BRASILIA (Reuters) – Brazilian market regulator CVM said on Tuesday it had opened a second investigation into the announcement of an overhaul in state-controlled oil giant Petrobras, which sparked a two-day stock sell-off that wiped out more than 100 billion reais ($ 18.3 billion) . the value.

CVM on Monday announced the opening of an investigation into the leadership change announced by Brazilian President Jair Bolsonaro on Friday in a social media post. The commission said it was opening a second investigation in response to investors’ complaints.

($ 1 = 5.47 reais)

Reporting by Anthony Boadle

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The EU says it doesn’t need Nord Stream 2, but only Germany can block it | Instant News


BRUSSELS (Reuters) – The European Union does not need the Nord Stream 2 pipeline for its energy security but any decision to stop a project bringing Russian natural gas to Germany must come from Berlin, a senior European Commission official said on Tuesday.

FILE PHOTO: A worker is seen at the gas pipeline construction site Nord Stream 2, near the city of Kingisepp, Leningrad region, Russia, June 5, 2019. REUTERS / Anton Vaganov

The $ 11 billion pipeline project led by Russian state energy company Gazprom, whose completion is more than 90%, will double the capacity of an existing submarine pipeline passing through Ukraine and eliminate Kyiv’s transit costs.

The project pits Germany, the EU’s biggest economy, against central and eastern European countries that say it will increase the bloc’s dependence on Russian gas.

“For the EU as a whole, Nord Stream does not contribute to the security of supplies,” Ditte Juul Jorgensen, director general of the Commission’s energy department, told lawmakers on the European Parliament’s industry committee.

Investments over the past decade in other pipelines, liquefied natural gas import terminals and interconnectors in Europe have secured sufficient supplies to meet the bloc’s energy needs, he said.

Any decision to stop the project must be made by Germany, said Juul Jorgensen.

“Actually stopping development requires a decision at the national level. That is not a decision that can be taken at the European level, “he said.

Nord Stream 2 is facing increased scrutiny as European relations with Russia deteriorate over the treatment of Kremlin critic Alexei Navalny.

The European Parliament last month asked the European Union to stop building a pipeline in response to Navalny’s arrest.

On Monday, EU foreign ministers agreed to impose sanctions on four senior Russian officials close to President Vladimir Putin, in large part symbolic action on the issue.

Despite US sanctions on the pipeline, Berlin is sticking to Nord Stream 2, which it says is a commercial project.

(This story adds the dropped “official” word)

Reporting by Kate Abnett; Edited by Sonya Hepinstall

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Future check: Australia’s gas grid looks environmentally friendly with hydrogen | Instant News


MELBOURNE (Reuters) – Australia’s natural gas pipeline owners are working to prove their future A $ 75 billion ($ 59 billion) asset amid a global push toward clean energy, running tests to mix hydrogen with gas and produce green methane to replace the material fossil fuel.

Cashing in rare bipartisan support for hydrogen across Australian national and state governments to help reduce carbon emissions, owners of pipelines and networks have committed A $ 180 million for a variety of projects involving green hydrogen.

The Australian state has pledged to achieve net zero carbon emissions by 2050, in line with many developed countries, but Canberra has not committed to a 2050 term.

“This is a business risk that we have to manage,” said Ben Wilson, chief executive of the Australian Gas Infrastructure Group (AGIG), which is owned by a unit of the Hong Kong-based CK Group.

“What was initially defensive has become an opportunity, especially given our renewable energy sources. We could become the world’s biggest exporter of green hydrogen, “he told Reuters.

Pipe owners seeking government funding for a hydrogen project aim to show how their infrastructure can be used to deliver hydrogen in mixtures with gas and store hydrogen as a form of renewable energy storage.

(Graph: Map of the Australian pipeline,)

“Ultimately, we also think that continuing to use this infrastructure allows the entire economy to remove carbon at a lower cost,” said Dennis Van Puyvelde, head of gas for Energy Networks Australia.

A study conducted for the industry body last year found that to achieve net zero emissions by 2050, building a hydrogen distribution network would cost half the cost of expanding the power grid to serve businesses and industries currently dependent on gas, and save Australia around A $ 13. billion.

The pipeline company is working on a shorter timeframe than 2050, as several states push to have 10% hydrogen in gas pipelines by 2030.

EYES WITH GREEN METHAN

A study conducted for the government found that hydrogen can be safely added to gas supplies up to 10% by volume without having to modify pipelines or equipment.

Van Puyvelde said the advantages of mixing hydrogen to gas allow for the gradual buildup of industrial hydrogen, requiring an electrolycer of up to 1 gigawatt, compared to the much larger and more expensive electrolyzers that would be required to export green hydrogen.

In the first testing of hydrogen into distribution networks in Australia, AGIG will begin injecting a volume-based 5% green hydrogen mixture in the gas next month, to 700 homes in Adelaide.

Jemena, a company owned by State Grid Corp of China and Singapore Power, is working on a similar government-backed project in Sydney, mixing up to 2% hydrogen into the country’s largest local gas network later this year.

More projects are in the works, with the pipeline company selected for A $ 70 million in hydrogen funding from the government, the Australian Renewable Energy Agency said.

Over the long term, the industry is closely watching Europe’s largest energy grid operator, E.ON, converts gas pipelines in Germany to produce pure hydrogen.

Apart from hydrogen, an ideal substitute for natural gas is green methane, if it can be produced commercially. Methane is chemically the same as natural gas, a fossil fuel.

Testing its potential, APA Group, Australia’s largest pipeline company, is building a pilot plant in the state of Queensland that will use solar energy to drive an electrolyzer to separate water, generate hydrogen and combine it with carbon dioxide extracted from the air to produce methane. .

The project has attracted the interest of US companies, and if successful, could help companies around the world, such as APA, which have billions of dollars invested in pipelines servicing liquefied natural gas (LNG) plants.

“If successful, it will be compatible with the existing LNG infrastructure. You don’t need to retrofit, “APA’s head of transformation, Hannah McCaughey, told Reuters. ($ 1 = 1,269 Australian dollars)

(This story has been rewritten to correct paragraph 3 to improve formatting)

Reporting by Sonali Paul; Edited by Ana Nicolaci da Costa

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The CEO of Woodside Australia said the Myanmar coup would not affect exploration plans | Instant News


MELBOURNE (Reuters) – Australia’s Woodside Petroleum sees the military coup in Myanmar as a “transitional issue” that will not affect its drilling in the Southeast Asian nation’s waters, its chief executive said.

FILE PHOTOS: Woodside Petroleum Chief Executive Peter Coleman attends an interview with Reuters in Hong Kong, China March 29, 2017. REUTERS / Bobby Yip

His comments came as Australia, India, Japan and the United States called for a speedy restore of democracy in Myanmar two weeks after the military toppled the elected government of Aung San Suu Kyi.

Woodside Chief Executive Peter Coleman said the company does not see a coup holding back gas exploration work this year, including pre-engineering work for the A-6 gas field, which Woodside plans to develop with France’s Total SA.

“Currently we see this as a transitional issue. You have a developing democracy working through their process, “Coleman told Reuters.

“I looked at it and said that in time the Myanmar people will finish it. Right now the military is committed to holding free elections in 12 months … We hope that’s what will happen, and we will be watching that closely. “

Woodside does not face diplomatic pressure to step down, Coleman said, adding it is highly unlikely that US sanctions will get in the way of Woodside’s work.

“The US sanctions are currently on individuals, and usually that’s where the US is,” he said in an interview on Thursday.

“I think Western governments are very careful about their current approach to Myanmar, understanding the more sanctions they provide the more they can push military governments towards China and others for support.”

Hundreds of thousands of people take to the streets nearly every day across Myanmar demanding the reversal of the February 1 coup. Police broke up the demonstration and one protester who was shot in the head last week was killed on Friday.

Many protesters have called for a boycott of companies doing business with the military. Coleman said Woodside had not been the target of any protests.

In a separate statement late on Friday, Woodside said Coleman’s comments were not meant to excuse “what happened in Myanmar”. The company has pledged to continue operations in the country while complying with anti-corruption regulations in the United States and Britain, and applicable sanctions, he added.

Reporting by Sonali Paul; Edited by Kim Coghill and Lincoln Feast.

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Look for a tanker arriving in Manzanillo with a cargo of liquefied natural gas | Instant News


COLIMA, Col. (Apro) .- The tanker Flex Courageous, sailing under the flag of the Marshall Islands, arrived in Manzanillo this Friday with a cargo of liquefied natural gas, to supply the Federal Electricity Commission (CFE) power plant. ) and some private property located in the West and Lower regions.

According to Refinitiv Eikon data, the ship will release about 162,850 cubic meters of fuel.

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