Sun-soaked Australia is seen as a future giant producer of hydrogen that could be exported to places like Germany for use in power generation and transport. The German industry is expected to import renewable hydrogen from Down Under in large quantities as early as 2025 to decarbonise their activities.
Tokyo Gas, Japan's largest natural gas utility, has posted a 9.4% rise in fiscal half-year net sales in the face of tough competition in the country’s liberalized energy market. The effects of a 1.7% drop in city-gas sales were compensated by a stark rise in Tokyo Gas’ customer base for electricity sales.
Petronet, the operator of India’s Dahei and Kochi LNG import terminals, has managed to push down the price for LNG cargoes from the US Gulf Coast. Tellurian, developer of the Driftwood liquefaction terminal, agreed to deliver cargoes to India at a price of $6 per unit – a much lower price than the price cap for output from India’s Malampaya gas field.
Shell Eastern Trading will likely be Hong Kong’s first supplier of US LNG for use in the 2.5 GW Black Point and 3.7 GW Lamma Island power stations. CAPCO and Hong Kong Electric already struck an LNG supply deal with Shell which covers up to 1.2 million tonnes per annum for 10 years, starting from 2020.
Russia’s Gazprom seeks to end a dispute with Naftogaz Ukrainy before a crucial gas transit contract expires on December 31, 2019. Offering an out-of-court settlement, Gazprom chairman Alexey Miller said he could picture a “zero option” whereby all court proceedings would cease and all lawsuits would be withdrawn.
New offshore wind parks have pushed the share of renewables in the UK past that of fossil fuel power plants over the past three month – a first for the country. Wind farms, solar panels, biomass and hydropower produced a total of 29.5 terawatt hours (TWh) of electricity in Q3-2019 – slightly more than the 29.1 TWh generated from coal, gas and oil.