Addressing the energy ‘disconnect’ in UK manufacturing’s volatile future
UK manufacturing is experiencing a profound ‘disconnect’ between concerns over energy resilience and actions required to address this issue.
Mitsubishi
The resilient energy systems of tomorrow demand changes to gas infrastructure today
From now to 2050, global electricity demand is set to double from current levels. At the same time, the world must reduce carbon emissions to make progress towards net zero. If we are to do this, the most pragmatic step we can take is to respond to the demand for power by building new plants while simultaneously decarbonising our existing energy infrastructure.
Eneco moves closer to Rotterdam green hydrogen electrolyser construction
If approved, Eneco will begin construction on the 800MW green hydrogen plant in 2026.
Chevron buys into world’s biggest hydrogen-storage plant in Utah
Chevron (NYSE:CVX) will become majority owner of what’s expected to be the world’s largest hydrogen production and storage facility as the oil giant invests in tech aimed at addressing the intermittency that plagues wind and solar power.
Japan’s Inpex buys into Moray East offshore wind farm
Inpex has acquired a minority stake in the Moray East wind farm via a division of rival industrial giant Mitsubishi.
Brunei set to expand long-term LNG supply to Japan
Brunei LNG will start supplying liquefied natural gas (LNG) to Japan Petroleum Exploration Co. (JAPEX) from April as the company seeks to stabilise finances by boosting shipments to its largest export destination, reported Nikkei Asia.
ExxonMobil and Japan’s Nippon Steel explore CCS deal
Japan’s Nippon Steel is considering capturing carbon dioxide (CO2) emissions from its Japanese steel mills for underground storage at facilities linked to ExxonMobil (NYSE:XOM) in countries including Australia, Malaysia and Indonesia, reported Nikkei Asia.
Woodside-led venture, including BP, Shell, and Chevron, win Australia CCS permit
A Woodside-led (ASX:WDS) joint venture that includes BP (LON:BP), Shell (LON:SHEL), Chevron (NYSE:CVX), as well as Japan’s Mitsubishi and Mitsui, have been awarded greenhouse gas (GHG) permit G-10-AP in the northern Carnarvon basin offshore Western Australia, as they pursue a potential CCS project.
Japan’s Mitsubishi primed to join new Sakhalin-2 LNG Russian operator
Japan’s Mitsubishi Corporation is set to issue a notice that it will join the new operating company for the Sakhalin-2 LNG export complex in the Russian Far East, reported Nikkei Asia.
Australia CCS set for boost as gas players, including BP, eye major investments
Australia’s carbon capture, utilisation, and storage (CCUS) sector looks set for a boost as oil and gas companies, including BP (LON:BP), Santos (ASX:STO), and Woodside Energy (ASX:WDS), are investing heavily in large-scale projects.
Russia orders new Sakhalin-2 LNG operator to be set up, putting Japan’s stake on the line
Russia’s government ordered the establishment of a new operator for the Sakhalin-2 liquefied natural gas (LNG) project in the Far East region, according to a document published in the nation’s legal database.
Japan aims to keep stakes in Russia’s Sakhalin-2 LNG
Japan plans to maintain its stakes in the Sakhalin-2 natural gas project in Russia’s far east, the Nikkei Asia reported, after President Vladimir Putin signed a decree transferring rights to a new Russian company just over two weeks ago.
Russia will replace Sakhalin-2 LNG operator with new company
Russia will establish a company that will take over all rights and obligations of the Sakhalin Energy Investment Co. amid Western sanctions imposed on Moscow, a decree signed by President Vladimir Putin said on Thursday, reported Reuters.
Russian parliament leader calls on Shell and Japanese firms to give up Sakhalin LNG stakes
The head of Russia’s lower parliamentary house yesterday called for the Sakhalin-2 LNG project equity owned by foreign investors from “unfriendly countries” to be transferred to Gazprom or the state.
China’s interest in Shell’s Russian gas stake adds impetus for Japan to stay
China’s interest in acquiring an abandoned stake in a Russian liquefied natural gas (LNG) export project is providing further justification for Japan to continue its joint venture with Gazprom PJSC.
Mitsubishi confident Japan offshore wind is profitable
Japan's Mitsubishi is confident that the three offshore wind projects it won last year in auctions will be profitable despite the low feed-in tariff prices it bid, the head of its energy solutions unit told Reuters.
Japanese firms unlikely to exit Russian energy after Shell and ExxonMobil’s departure
There has been increasing speculation that Japanese oil and gas companies may follow their Western peers and exit Russian energy projects in response to Vladimir Putin’s bloody invasion of Ukraine. However, this seems unlikely, as such a move - designed to hurt Russia - would be blunted, as China is expected to fill any void left by departing investors.
Petronas and Mitsubishi to exit Myanmar
Malaysia’s Petronas and Japan’s Mitsubishi Corporation are divesting their shares in the Yetagun gas field offshore Myanmar. The move marks the latest in a series of exits by major energy companies, including Chevron and TotalEnergies, following the military coup in February 2021.
European expertise still needed after Mitsubishi dominates Japan offshore wind round
A Mitsubishi-led consortium has dominated Japan’s first-ever fixed-bottom offshore wind auction with record-low prices. The results surprised the industry, but European know-how will still be needed to make the nascent sector a success in Japan.
Woodside and bp eye large scale carbon storage project offshore Australia
Woodside (ASX:WPL), bp (LON:BP) and Japan Australia LNG (MIMI), which is owned equally by Mitsubishi and Mitsui, have agreed to form a consortium to progress feasibility studies for a large-scale, multi-user carbon capture and storage (CCS) project near Karratha in Western Australia.
Chiyoda, Mitsubishi, Sembcorp, band together for hydrogen
Chiyoda, Mitsubishi, and Sembcorp Industries, have signed a memorandum of understanding to explore the feasibility of setting up a hydrogen supply chain in Singapore.
Bangladesh seeks contractor to build first onshore LNG terminal
The government of Bangladesh has shortlisted eight potential global companies, including ExxonMobil and TotalEnergies, as well as various Japanese players, to build the South Asian nation’s first onshore liquefied natural gas (LNG) import terminal. Significantly, the proposed 7.5 million tonne per year (t/y) LNG processing facility would double Bangladesh’s import capacity.
Laos to sell Vietnam its wind power with help from Mitsubishi
Japanese trading conglomerate Mitsubishi Corporation will develop a massive onshore wind farm in Laos that will supply electricity to power-hungry Vietnam.
Japan sees more carbon neutral LNG changing hands
Japan’s Toho gas is the latest Japanese company to receive a liquefied natural gas (LNG) cargo that has had its emissions offset by carbon dioxide (CO2) credits. Significantly, the Nagoya-based gas company has pledged to buy more carbon neutral LNG after receiving its first shipment on 8 April.
Santos’ Barossa LNG emissions create major risks for shareholders
Santos’ proposed offshore Barossa gas field development off Australia’s Northern Territory has the unfriendly tag of having more carbon dioxide than any gas currently made into liquefied natural gas (LNG), finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).