News / #LNG
Shell has abandoned a key climate target for 2035 and weakened another goal for 2030, according to its latest “energy transition strategy”.
The country’s largest utilities could have 11 million more tonnes of liquefied natural gas per year than needed by 2030. The resultant gas exports could create overcapacity and fry climate targets in emerging Asian markets, analysts say.
In a surprise move, US president Joe Biden has announced a “temporary pause” on liquified natural gas (LNG) terminal expansion.
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Singapore’s upcoming LNG terminal faces no significant stranding risk from renewables push: minister
This is according to projections done by the city-state, which wants to scale up import capacity for shipped gas and cut reliance on pipelines from Indonesia and Malaysia.
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