Latest news with #LNG
Yahoo
3 hours ago
- Business
- Yahoo
Japan's Tokyo Gas eyes US LNG supply deal
Japan's gas distributor, Tokyo Gas, is currently in discussions with several US liquefied natural gas (LNG) suppliers to finalise a long-term purchase agreement, reported Bloomberg. This strategic move is in response to Japan's increasing reliance on LNG as a critical energy source. The company is engaging with at least four suppliers along the US Gulf Coast, with names such as Energy Transfer and Commonwealth being mentioned by sources familiar with the negotiations. The details of the talks remain confidential as the involved parties have either declined to comment or have not responded to inquiries. This initiative is part of Japan's broader preparation for an anticipated surge in power demand, driven by the growth of data centres and semiconductor manufacturing. The Japanese Government views LNG as an essential component of the nation's energy security and is seeking to secure supplies that could extend beyond 2050. US-sourced LNG is particularly appealing due to its contractual flexibility, which allows Japanese buyers to redirect shipments based on fluctuating domestic needs or more favourable global prices. In addition to securing LNG supplies, Tokyo Gas is also bolstering its presence in the US gas market. The company acquired shale drilling company Rockcliff Energy in late 2023 and has reorganised its US portfolio, including purchasing assets from Chevron in east Texas and divesting its Eagle Ford stake to Shizuoka Gas. In February, Tokyo Gas acquired a 20% stake in FGEN LNG, the owner and operator of an offshore floating LNG terminal in Batangas City in the Philippines. "Japan's Tokyo Gas eyes US LNG supply deal" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
3 hours ago
- Automotive
- Time of India
World Logistics Day: Outside metro cities, green logistics struggles to gain speed, ET Infra
Advt Advt City models don't scale—Yet Intent needs to match pragmatism By , ETInfra Last-mile deliveries now contribute up to 40 per cent of city transport emissions—a twin burden on both business margins and urban air quality. As pressure mounts from regulators, investors, and consumers, India's logistics sector is being forced to rethink how goods move through its response, metro hubs like Delhi, Mumbai, Hyderabad, and Bengaluru are becoming live testbeds for green logistics —where cleaner fuels, denser delivery networks, and return-to-base routes make sustainable solutions both feasible and the heart of this shift is the growing adoption of Compressed Natural Gas (CNG) and Electric Vehicles (EVs) for last-mile operationsOne workaround gaining traction is a two-tier logistics model , already operational in Delhi. It involves using diesel trucks for long-haul transport to the city outskirts, followed by green vehicles for the last-mile leg."You often see large trucks stopping at the outskirts, and then goods are transferred to smaller CNG vehicles or even Boleros for the final leg into the city. This kind of last-mile movement works well because it fits into a return-to-base model. This two-tier logistics model ensures operational efficiency while also reducing emissions within city limits," says Sarthak Elwadhi, founder of model is already scaling within urban networks—where both infrastructure and emission goals converge. As per Grant Thornton's findings, last-mile delivery is a natural starting point for decarbonisation with electrification expected to power 30 per cent of all last-mile deliveries by a trend Prediman Koul, CEO of Jeena & Company is already seeing firsthand, "Our partnership with Tata Motors to convert our last-mile delivery fleet to electric vehicles has been successful in cities like Hyderabad, Bengaluru, Mumbai, Delhi, and Ahmedabad. We have successfully converted 25 per cent of our last-mile delivery fleet to EVs.'While green logistics solutions are proving effective in urban centres, scaling these models nationwide presents a significant logistical and financial puzzle as its adoption faces high initial cost."When it comes to longer hauls, CNG and EVs haven't gained the same traction," explains Elwadhi. "When we talk about transitioning to a green fleet—whether that's EVs or LNG vehicles—the initial investment is significantly higher compared to conventional diesel trucks.'As per the Grant Thornton's Freight Forward report, only about one-third of India's heavy-duty truck fleet is expected to shift to LNG over the next 5–7 years. The lack of charging and LNG refueling stations on highways remains another major for companies committed to sustainability, the shift is slow and cautious. "It is always tough to move from the status quo, especially for businesses and large supply-chain-led operations like ours. A simple change can shake up the ecosystem; however, we are conscious that we are preparing for our future today," says investor appetite for sustainable logistics is rising sharply—private equity investments jumped 300 per cent in Q2 2025, especially into urban, EV-led models. Yet, this financial momentum hasn't been matched by policy or infrastructure take green logistics beyond city limits, the sector needs more than green financing, targeted subsidies, and infrastructure investments—especially for charging and refueling along long-haul routes—will be crucial. So will regulatory nudges, like mandating green freight quotas for large manufacturers or offering incentives such as priority access for low-emission Elwadhi notes, 'Unless there are clear business advantages, it's tough to make that change.'Collaboration across the ecosystem—from shippers and fleet owners to digital platforms and policymakers—is essential to make sustainability economically viable.
Yahoo
6 hours ago
- Business
- Yahoo
Kosmos Energy's (KOS) LNG Project Achieves Commercial Operations Date
Kosmos Energy Ltd. (NYSE:KOS) is one of the 10 best-value penny stocks to buy, according to analysts. On June 23, the company announced that its innovative liquefied natural gas project, Greater Tortue Ahmeyim, has reached the Commercial Operations Date (COD). The company is developing the project in partnership with BP. An oil and gas crew working on a midstream pipeline, illuminated against a dusk sunlit sky. Commercial Operations Data as part of a 20-year lease and operation agreement marks a significant milestone for the project's partners. The milestone comes on LNG production volumes increasing significantly to levels equivalent to annual contracted volumes of about 2.4 million tons per annum. Achieving COD status and the recent build-up in cargo lifting activity reflect the sustained cooperation between the project partners and Golar LNG Limited. Kosmos Energy Ltd. (NYSE:KOS) is a Deepwater oil and gas exploration and production company focused on finding and developing resources in proven basins offshore Ghana, Equatorial Guinea, Mauritania, Senegal, and the U.S. Gulf of Mexico. While we acknowledge the potential of KOS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 hours ago
- Business
- Yahoo
Chevron Boosts LNG Commitment from Energy Transfer's Lake Charles Facility to 3M Tonnes/Annum
Chevron Corporation (NYSE:CVX) is one of the undervalued S&P 500 stocks to buy according to hedge funds. On June 25, Energy Transfer (NYSE:ET) announced that its subsidiary, Energy Transfer LNG Export, has signed an incremental 20-year Sale and Purchase Agreement/SPA with Chevron USA Inc. (a subsidiary of Chevron Corporation) for an additional 1.0 million tonnes per annum/mtpa of liquefied natural gas/LNG from its proposed Lake Charles LNG export facility. The new agreement increases Chevron's total contracted volume from Energy Transfer LNG to 3.0 mtpa, which builds upon an initial 2.0 mtpa agreement signed in December 2024. Under the terms of both SPAs, the LNG will be supplied to Chevron on a free-on-board basis. The purchase price will comprise a fixed liquefaction charge and a gas supply component indexed to the Henry Hub benchmark. An aerial view of an oil rig at sea, the sun glinting off its structure. Energy Transfer LNG's obligations under the SPA are contingent upon the company making a positive final investment decision for the Lake Charles facility. The latest SPA with Chevron helps Energy Transfer in securing long-term LNG commitments for the Lake Charles LNG project. Other recent agreements include a Heads of Agreement with MidOcean Energy for ~5.0 mtpa and an SPA with Kyushu Electric Power Company for 1.0 mtpa. Chevron Corporation (NYSE:CVX) engages in integrated energy and chemicals operations in the US and internationally. Energy Transfer (NYSE:ET) provides energy-related services in the US. While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 hours ago
- Business
- Yahoo
Chevron Boosts LNG Commitment from Energy Transfer's Lake Charles Facility to 3M Tonnes/Annum
Chevron Corporation (NYSE:CVX) is one of the undervalued S&P 500 stocks to buy according to hedge funds. On June 25, Energy Transfer (NYSE:ET) announced that its subsidiary, Energy Transfer LNG Export, has signed an incremental 20-year Sale and Purchase Agreement/SPA with Chevron USA Inc. (a subsidiary of Chevron Corporation) for an additional 1.0 million tonnes per annum/mtpa of liquefied natural gas/LNG from its proposed Lake Charles LNG export facility. The new agreement increases Chevron's total contracted volume from Energy Transfer LNG to 3.0 mtpa, which builds upon an initial 2.0 mtpa agreement signed in December 2024. Under the terms of both SPAs, the LNG will be supplied to Chevron on a free-on-board basis. The purchase price will comprise a fixed liquefaction charge and a gas supply component indexed to the Henry Hub benchmark. An aerial view of an oil rig at sea, the sun glinting off its structure. Energy Transfer LNG's obligations under the SPA are contingent upon the company making a positive final investment decision for the Lake Charles facility. The latest SPA with Chevron helps Energy Transfer in securing long-term LNG commitments for the Lake Charles LNG project. Other recent agreements include a Heads of Agreement with MidOcean Energy for ~5.0 mtpa and an SPA with Kyushu Electric Power Company for 1.0 mtpa. Chevron Corporation (NYSE:CVX) engages in integrated energy and chemicals operations in the US and internationally. Energy Transfer (NYSE:ET) provides energy-related services in the US. While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
