The country is currently undergoing significant development in LNG infrastructure, with around ₩11.3 trillion ($8.7 billion) being invested in projects at various stages of construction or planning.
Lightsource bp has established itself as a key player with a proven capital-light business model, emphasizing development, engineering, construction, and strategic partnerships.
Construction of the center is scheduled to commence in late 2024 and conclude by early 2026, pending formal approval.
The generated hydrogen will primarily be utilized by BASF to decarbonize its chemical production processes, with a portion allocated for transport applications in the Rhine-Neckar Metropolitan Region.
The project is developed by U.S. energy company NextDecade, with construction led by U.S. firm Bechtel Energy under an engineering, procurement, and construction (EPC) agreement.
The European Commission has earmarked £3.22 billion in funding through its Innovation Fund for projects aimed at reducing greenhouse gas emissions and expanding clean power component production.
Greek shipping companies, Sea Pioneer, Dynacom, and Evalend Shipping, are on a significant buying spree, expanding their fleets with new vessels, including tankers and liquefied natural gas (LNG) carriers.
The incident did not impact domestic gas supply or the operations of the other two LNG production trains at Gorgon.
The White Dunes project, spearheaded by Falcon Capital Dakhla, is set to emerge as a prominent hub for the production of what is touted to be "some of the world's cheapest green hydrogen."
The collaboration aims to provide pragmatic solutions for a just energy transition in their respective countries and the region.
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