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Aims to adapt green hydrogen as an alternative energy ATGL to use latest technologies to blend green hydrogen with natural gas for over 4,000 Home and Commercial PNG customers during the pilot phase Project will enhance existing infrastructure, diversify energy mix, develop hydrogen ecosystem and reduce CO2 emission by upto 4% The validated initiative will be rolled out in other markets AHMEDABAD, India, Nov. 28, 2023 /PRNewswire/ -- As world leaders come together in the UAE for the UN Climate Change Conference (COP 28) from 30 November to 12 December 2023, Adani Total Gas Ltd. (ATGL), a leading energy and city gas distribution company, co-promoted by the Adani Group and TotalEnergies, announces the initiation of a pioneering 'Green Hydrogen Blending Pilot Project'. As part of the project, ATGL will employ the latest technologies to blend Green Hydrogen (GH2) with natural gas for over 4,000 residential and commercial customers at Ahmedabad, Gujarat. GH2 is produced using electrolysis of water with electricity generated by renewable energy. Hydrogen blending is less carbon intensive than burning gas but has the same heating capabilities. The project is expected to be commissioned by Q1 FY24-25 and the percentage of green hydrogen will be gradually increased in the blend to upto 8% or more, depending on regulatory approvals. After successfully completing the pilot, hydrogen blended fuel will be supplied stepwise to larger parts of the city and other license areas of AGTL. As per studies, an upto 8% hydrogen blend can reduce emission by upto 4%. With this pilot, ATGL would like to partner with various stakeholders including regulatory authorities to share its firsthand learning and develop ecosystem about hydrogen blending in city gas distribution in India. This will also help in gaining and sharing knowledge on the operational aspects and the compatibility of blended fuel on existing infrastructure. Mr. Suresh P Manglani, Executive Director & CEO of Adani Total Gas Ltd., said, "We are fully committed towards building an environmentally sustainable operation and this project represents our ongoing dedication towards national infrastructure building for India to become energy independent by 2047. This project will reduce our carbon footprint and by investing in such innovative projects, we are actively contributing to the evolution of the industry and driving progress in sustainable energy solutions." About Adani Total Gas Limited For media queries, please contact Roy Paul, roy.paul@adani.com
HONG KONG, Nov. 14, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Bozhong 19-6 Condensate Gas Field Phase I Development Project has commenced production. The project is located in central Bohai Sea, with an average water depth of approximately 20 meters. The main production facilities include 1 newly built central processing platform, 3 unmanned wellhead platforms and 1 gas process terminal. 65 development wells are planned to be commissioned, including 42 production wells, 20 gas injection wells and 3 water source wells. It is expected to achieve a peak production of approximately 37,000 barrels of oil equivalent per day in 2024. Bozhong 19-6 Condensate Gas Field Phase I Development Project has commenced production Mr. Zhou Xinhuai, CEO and President of the Company, said, "The project is the first condensate gas field with a proved in-place volume of over 200 billion cubic meters natural gas that has been put into operation in Bohai Bay, relying on the Bozhong-Kenli Oilfields Onshore Power Project. The gas field will supply stable clean energy to the Beijing-Tianjin-Hebei region and the Bohai Rim region, and contribute to the low-carbon and high-quality development of the Company." CNOOC Limited holds 100% interest in this project and acts as the operator. — End — Notes to Editors: More information about the Company is available at http://www.cnoocltd.com. *** *** *** *** This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with fluctuations in crude oil and natural gas prices, macro-political and economic factors, changes in the tax and fiscal regimes of the host countries in which we operate, the highly competitive nature of the oil and natural gas industry, environmental responsibility and compliance requirements, the Company's price forecast, the exploration and development activities, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations. *** *** *** *** For further enquiries, please contact: Ms. Cui LiuMedia & Public RelationsCNOOC LimitedTel: +86-10-8452-6641Fax: +86-10-8452-1441E-mail: mr@cnooc.com.cn Mr. Bunny LeePorda Havas International Finance Communications GroupTel: +852 3150 6707Fax: +852 3150 6728E-mail: cnooc.hk@pordahavas.com
SEOUL, South Korea, Nov. 7, 2023 /PRNewswire/ -- Existing plasma odor reduction devices are large, heavy and difficult to install in small places, but Daesung's products can be installed anywhere, and the amount of ozone generated by discharge is integrated with hardware and software to prevent damage to humans and animals. It is also a product line that facilitates the removal of bacteria, viruses, various odors, harmful gases, and fine dust due to ozone oxidation. Daesung, a smart farm company, is promoting its products by participating in various domestic and international exhibitions In particular, it is possible to remove viruses, bacteria, and fungi that are at risk of developing in livestock facilities and sewers, and to remove odors such as bad smell and fishy smell from livestock excrement and food waste. CEO Jeong Hyuk said, "We have developed plasma odor and harmful gas reduction devices to find ways to work in a safe environment for those suffering from poor conditions while visiting the site directly to solve disease problems through odor removal technology." Daesung has smart farms and smart beekeeping equipment that contribute to creating an efficient working environment and improving productivity by utilizing advanced automation technologies, IT platforms, and big data. Daesung Smart Beekeeping System is a technology product that allows remote control of manual beekeeping operations even in places other than bee farms. It is an all-in-one product consisting of automatic specifications, automatic water supply, and temperature and humidity control functions. It is a smart beekeeping device that can measure and track the internal environment of beehives based on IoT, control application-based specifications, water supply (water supply compatible), and control temperature and humidity within the management range. In addition, the automatic de-sealing machine is a portable automated beekeeping machine material that pulls the hive out of the honeycomb and safely removes bees. In particular, it can be easily used outdoors without any additional equipment because it is made of light material that greatly reduces the weight enough to be held with one hand. The wasp trap is an eco-friendly ESG product that can catch wasps in a way that is harmless to the ecosystem because it is easily installed and does not use attractions. Starting with the 2023 Korea ICT EXPO in Japan, the event is held as part of the regional digital global bridge project in June this year, it participated in various exhibitions at home and abroad, including a meeting with the president of the Ethiopian Beekeeping Association and the UNIDO Ethiopian Addis Ababa branch in August, a Busan K-ICT Week in Busan, a Philippine road show, and a GMV exhibition. In order to expand the Japanese and Uzbekistan markets, Uzbekistan will also participate in three events: the Overseas ODA Agricultural Technology Guidance Meeting, the Okinawa Resort IT Week, and the Las Vegas CES 2024 Eureka Park Jeonbuk Pavilion.
HONG KONG, Oct. 23, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that it has discovered the Shenfu deep coalbed methane (CBM) field in China, adding proved gas in-place of over 100 billion cubic meters. The Shenfu deep CBM field is located in Yulin, Shaanxi Province at the eastern edge of Ordos Basin. With continued research and exploration, the Company has advanced its understanding of deep coalbed methane formation mechanism, reservoir transformation and differentiated drainage technology, which have led to the successful discovery of the Shenfu deep CBM field. The discovery well SM2-33-CH1 encounters 16.5 meters of coal seam at a burial depth of approximately 2,011 meters, which is tested to produce approximately 19,000 cubic meters per day after fracturing operations. The Chinese governmental authorities have evaluated and approved the proved gas in-place of over 110 billion cubic meters, making it China's first large deep CBM field of the scale. It is another major onshore discovery by CNOOC Limited after the discovery made in Linxing, Shanxi Province, with similar proved gas in-place volumes. Mr. Xu Changgui, Deputy Chief Exploration Engineer of the Company, said, "The discovery of the Shenfu deep CBM field demonstrates the broad prospect of exploration and development in the eastern edge of the Ordos Basin. It will provide important guidance for our exploration in similar basins and facilitate the growth of our reserves and production of unconventional oil and gas." Mr. Zhou Xinhuai, CEO and the President of the Company, said, "The discovery lays a solid foundation for the Company to build a large onshore gas production base, which will tap up to one trillion cubic meters of proved gas in-place. To that end, we will continue to step up our efforts in the exploration and development of onshore unconventional gas, to increase our reserves and production, and to contribute to the high-quality development of the Company." — End — Notes to Editors: More information about the Company is available at http://www.cnoocltd.com. *** *** *** *** This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with fluctuations in crude oil and natural gas prices, macro-political and economic factors, changes in the tax and fiscal regimes of the host countries in which we operate, the highly competitive nature of the oil and natural gas industry, environmental responsibility and compliance requirements, the Company's price forecast, the exploration and development activities, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations. *** *** *** *** For further enquiries, please contact: Ms. Cui LiuMedia & Public RelationsCNOOC LimitedTel: +86-10-8452-6641Fax: +86-10-8452-1441E-mail: mr@cnooc.com.cn Mr. Bunny LeePorda Havas International Finance Communications GroupTel: +852 3150 6707 Fax: +852 3150 6728E-mail: cnooc.hk@pordahavas.com
NEW DELHI, Oct. 19, 2023 /PRNewswire/ -- The G20 nations house two-thirds of the global population and are responsible for over three-quarters of global trade and GDP. They can greatly influence the transformation of the logistics sector, which plays a pivotal role in global economic development. However, it is also a significant contributor to environmental challenges, including carbon emissions, resource depletion, and air pollution. Recognizing the need for transformation, RMI (founded as the Rocky Mountain Institute) released a report on Transforming the Logistics Sector Across G20 Nations. Akshima Ghate, an expert on transportation who leads RMI's India Program, shared that RMI's latest publication offers potential solutions such as Zero-Emissions Trucking Corridors to scale ZET deployment and Logistics Parks that can potentially serve as centralized hubs for all logistics activities, facilitating seamless logistics operations. In addition to these solutions, the report features 17 more solutions with global examples that can serve as important learnings for G20 nations to contextualize and adapt. More in RMI's 'The Green Logistics Playbook' here: https://rmi.org/insight/the-green-logistics-playbook/ The report was released during a webinar focused on sustainable logistics practices and their role in achieving a more sustainable future. Expert panelists engaged in a dynamic discussion, sharing their experiences and insights on how nations can promote sustainable logistics through policy initiatives, infrastructure development, and financial investments. The panelists recognized the importance of decarbonizing the logistics sector due to its large share of global CO2 emissions and the expected rapid increase in emissions in the years to come. Each panelist expressed optimism about the array of solutions available to reduce the environmental impact while enhancing the sector's efficiencies. They also emphasized the need for logistics players to select the most appropriate solutions for their specific requirements. Key themes that emerged included a focus on reducing freight demand and emission intensity, a collaborative, multi-stakeholder approach to solution design, and the necessity for greater knowledge sharing among industry participants across different regions. To watch the webinar recording, please visit: https://info.rmi.org/l/310101/2023-10-17/3s396pd For media inquiries, please contact media@rmi.org About RMI:The Rocky Mountain Institute (RMI) is an independent, non-profit organization dedicated to accelerating the adoption of market-based solutions that transform global energy use to create a clean, prosperous, and secure low-carbon future.
LONDON, Oct. 19, 2023 /PRNewswire/ -- The International Gas Union (IGU), Snam and knowledge partner Rystad Energy, are releasing the 2023 Global Gas Report (GGR), at the Energy Intelligence Forum in London. Global gas demand scenarios vs. operational, approved and discovered natural gas assets (2010 - 2050) Report Key Messages Having demonstrated significant resilience in the face of extreme shocks through 2022, the global gas industry came out of the most turbulent year in its history more agile and adaptable than ever, yet the global gas market is still in an unstable equilibrium in 2023. The gas market remains undersupplied, highly sensitive to fluctuations on supply and demand sides. Massive divergences across international energy and gas demand outlooks vis-à-vis low investments in natural gas, low carbon and renewable gases, fuels risk of worsened energy shocks toward 2030 and beyond. Natural gas, low carbon and renewable gases play a pivotal role in decarbonising energy systems around the world, helped by the adaptability of LNG infrastructure that delivers critically needed flexibility. A strengthened focus on comprehensive energy planning, low-carbon gases development, robust conservation measures to reduce demand, and CCS will determine the success of the energy transition. As a consequence of the supply and price shocks coming on the heels of the Russia-Ukraine crisis, global gas demand decreased by 1.5% in 2022 compared to 2021. The largest declines were recorded in Europe and Asia and were partially offset by strong growth in North America. Europe's gas demand decreased by almost 12% in 2022. Spikes in international LNG prices caused the demand in Asia to fall by 18 Bcm (1.9%) in 2022, with significant demand destruction seen in South Asia, where unaffordable LNG prices led to gas shortages and blackouts. Pakistan and Bangladesh were hard hit and saw a 12% and 15% gas drops, respectively in 2022. On the contrary, North America's gas demand grew by 4.8% in 2022, as the North American prices remained largely isolated and affordable. In the first half of 2023, China saw gas demand grow at 5.4% year-on-year to reach 194 Bcm. Snam CEO, Stefano Venier highlighted:As part of a more and more interconnected global market, the European gas system managed to overcome the enormous challenges faced in 2022, also thanks to the flexibility provided by LNG and the further diversification of gas supplies, which brought storages almost at full capacity ahead of the winter season. It is important to continue investing in gas infrastructure to secure reliable and affordable natural gas supply and accelerate the development of green, low-carbon gas and CCS, considering the key role that molecules will play in the energy mix of the near and longer future. Global gas production in 2022 stayed flat with a marginal 8.3 Bcm or less than 0.5% uptick, keeping the global gas in short supply. The curtailment of Russia's output in 2022 was offset by supply growth in North America, the Middle East, Europe and Asia, roughly balancing out the volume of available gas supply in the market to the pre-Russia-Ukraine war level. Africa experienced a small drop in gas production between 2021 and 2022. Natural gas prices remain above pre-covid and pre-energy crisis levels in H2 2023, yet prices cooled from the record-breaking heights of 2022. Price reduction in 2023 largely came from dropping demand, mostly in Europe and Asia. In late August 2022 natural gas price had recorded a historical peak, as the Netherlands-based TTF closed at around 90 USD/MMBtu and Asian spot LNG prices surged past 60 USD/MMBtu. Subsequent demand contraction, marginal supply growth, and infrastructure debottlenecking helped the market ease into a fragile, unstable equilibrium. IGU President, Madam Li Yalan stressed:The energy crisis reminded the world that only when energy is affordable and secure can it become truly sustainable. So many developing countries in Asia, Africa, and South America, will continue to need more gas to fuel the economy, to reduce air pollution and emissions. It is clear, to build sustainable and affordable energy systems for all, gas investments are urgently needed alongside more renewables. LNG has been critical to navigate through the crisis, offsetting the shortage and keeping the lights on in Europe, yet global supply shortage and exceptionally high prices left some countries in Asia in the dark. In 2022, Europe's LNG imports surged by 69% to reach 169 bcm, amidst a tightly supplied global market. To restore the global LNG security of supply, the current shortfall needs addressing. Despite recent optimism, the investment growth is occurring on the back of a prolonged low-investment period, and the total level and off-take agreements are still short to produce sufficient supply. In the period between 2014 and 2020, gas supply development investments dropped by 58%, and only started to marginally recover in 2021. Analysis of future potential trajectories of global gas market fundamentals towards 2030 illustrates that continued investments in natural gas value chain are needed to cope with global demand and likely growth in some regions. International energy outlooks project a wide range of scenarios for the supply and demand of gas to 2030 and beyond. The most aggressive 1.5-degree decarbonisation scenarios project reduced global energy demand with high rates of technology and behavioural change and are subject to extremely high uncertainty, especially in the short to medium term. The current pipeline of natural gas and low carbon gases projects will not satisfy many of the possible demand outlooks. Without further investment, the current existing and approved gas production level is expected to reach roughly 4,100 bcm in 2023, declining to 3,100 bcm in 2030 and further to just under 1,000 bcm in 2050, due to asset maturation and natural decline. At the end of 2022, the global supply capacity of low carbon hydrogen stood at 3.2 million tonnes per annum and biomethane stood close to 7 bcm, which is orders of magnitude lower than most 2030 targets. Total global energy CO2 emissions in 2022 reached another record with a 1.1% yearly growth. High gas prices led to gas-to-coal switching and an all-time high in emissions from coal, reaching about 16.8 giga-tonnes of CO2e. 2022 and 2023 continued the decade-long trend with coal having a 40% share of global power sector emissions, while the global economic engines and major energy consumers like China and India increased their coal usage and approved new coal plants to mitigate energy security risks. In the first half of 2023, lower gas prices, nuclear recovery, and power production from renewable energy sources have reduced coal consumption and emissions, especially in Europe. You can download the report here. About the Report The 2023 Edition of the Global Gas Report is a collaborative effort by IGU and Snam, produced by Rystad Energy. It seeks to deliver global gas industry insights about the sector and to inform its stakeholders, partners, and global decision makers about the state of play today and highlight priorities for the future. This is the fifth annual release, with the first Global Gas Report by the IGU and Snam delivered for the 2018 World Gas Conference. please contact: Tatiana Khanberg, IGU Strategic Communications & Membership Director, Tatiana.Khanberg@igu.org, Tel. +33 6 26 98 45 93 Photo - https://mma.prnasia.com/media2/2251273/Minoils_Media_Ltd_Global_Gas_Report_2023__The_unprecedented_dema.jpg?p=medium600
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