Germanys third LNG import hub, Wilhelmshaven 2, is now operational, delivering 4.6 billion cubic meters of annual regasification capacity to bolster Europes energy resilience and reduce reliance on Russian gas. The project, completed in just 2.5 years, features advanced technology like an ultrasound system to prevent pipe fouling and a first-of-its-kind offshore jetty for minimal environmental impact.
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Finlands ESL Shipping has secured 115 million in financing for four methanol-powered bulk carriers, featuring dual-fuel engines and sustainability tech like battery packs and emission-reducing systems. The investment highlights the maritime industrys shift toward decarbonization, with deliveries expected between 2027 and 2028.
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Woodfibre Management has advanced its $5.1 billion LNG export project in British Columbia with the arrival of the first seven modules, marking a key step toward building the world’s first net-zero LNG facility by 2027. The project aims to supply Asian markets with lower-carbon fuel while leveraging hydroelectric power and carbon offsets to meet environmental goals.
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Southeast Asia’s renewable energy transition gains momentum as Singapore, Malaysia, and Vietnam sign a landmark agreement to explore cross-border electricity trading, focusing on Vietnam’s offshore wind power through a proposed subsea cable network. The partnership aims to assess the feasibility of supplying Vietnamese wind energy to Singapore via Malaysia’s grid, potentially reshaping ASEAN’s energy future.
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Wood has secured a project management consultancy contract for the UAE’s first large-scale methanol plant in Al Ruwais, a $1.7 billion facility set to produce 1.8 million tons of green methanol annually by 2028. The project underscores the UAE’s push into sustainable chemicals and Wood’s expanding role in the region’s downstream sector.
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