Latest news with #JointStudyAgreement
New Straits Times
4 days ago
- Business
- New Straits Times
Shell projects steady LNG demand growth in Southeast Asia until 2035
KUALA LUMPUR: The demand for liquefied natural gas (LNG) in Southeast Asia (SEA), particularly Malaysia, Brunei, the Philippines and Thailand, is expected to grow steadily from now until 2035, said Shell chief executive officer Wael Sawan. He said the surge in energy demand, driven by the growth of data centres and artificial intelligence, can be met with LNG as a reliable energy source, especially in times of geopolitical uncertainty. "We see LNG demand to grow at around three per cent per year, and gas at around 0.8 per cent per year, so, indeed, LNG is going to be the critical fuel in the coming years," Sawan said in a dialogue session titled 'Role of Gas and LNG in Asia's Multi-Dimensional Energy Transition' at Energy Asia 2025 here today. Citing the International Energy Agency, he said gas production in SEA is expected to decline by about 20 per cent and the shortfall will likely need to be filled with LNG, given that much of the region's existing infrastructure is already gas-based. He also reaffirmed Shell's commitment to the energy transition, noting that the company has allocated approximately US$20 billion in capital expenditure for its low-carbon solutions portfolio. Meanwhile, JERA Co Inc (JERA) global chief executive officer and chair Yukio Kani said that several potential sites in Tokyo Bay, Japan, have already been identified for carbon capture and storage (CCS) initiatives. He added that Petroliam Nasional Bhd (Petronas) and JERA have already announced a joint study focused on cross-border CCS. "JERA has four LNG tunnels and 16 gas-fired thermal power plants within the Tokyo Bay, and our offshore wind power will start its operation around 2030," he said. Last year, Petronas, through its subsidiary Petronas CCS Solutions Sdn Bhd, has signed a Joint Study Agreement (JSA) with JERA to evaluate the feasibility of the entire CCS value chain, including separation and capture of carbon dioxide (CO₂) emitted by JERA in Japan, cross-border transportation, and CO₂ storage in Malaysia. The agreement will strengthen the collaboration and contribute towards building a global network for cross-border CO₂ transport and storage. The JSA represents a notable stride forward in efforts to reduce greenhouse gas emissions in the Asia-Pacific region, especially in Malaysia and Japan.
Zawya
18-02-2025
- Business
- Zawya
Oman's liquid hydrogen export project gains traction with feasibility progress
MUSCAT: Oman's plans to establish itself as a key exporter of liquefied hydrogen (LH2) are advancing, with feasibility studies confirming the project's viability. Speaking at the World Hydrogen MENA Congress in Dubai last week, Rumaitha al Busaidi, Business and ICV Development Manager at Hydrom, reaffirmed the country's commitment to developing a full-fledged liquid hydrogen supply chain to serve European markets. "We think liquid hydrogen can work, it is feasible," Al Busaidi stated, emphasising that Oman is on track to become one of the world's top green hydrogen producers by 2030. The project, spearheaded by Hydrom — the orchestrator of Oman's green hydrogen sector — in collaboration with the Ministry of Energy and Minerals, Athens-based Ecolog, and German power company EnBW, is expected to create a seamless export route from Oman to the Port of Amsterdam. BUILDING THE HYDROGEN CORRIDOR The initiative builds on the Joint Study Agreement (JSA) signed during COP28 in 2023, which brought together Oman, the Port of Amsterdam, Zenith Energy Terminals, and GasLog to explore the development of a liquid hydrogen export chain. The planned liquefaction facility in Duqm will process hydrogen at -253°C, allowing it to be transported via specialised Ecolog vessels with a capacity of 2,000 tonnes per shipment. Once in Amsterdam, the hydrogen will be either regasified and supplied to German industries via pipeline or distributed in its liquefied form via trucks within the Netherlands. The Port of Amsterdam's hydrogen terminal will also serve a dual role, including the export of captured CO₂ from European industries back to Oman for potential utilisation or sequestration. INSIGHTS FROM GH2 INVESTOR DAY Oman's hydrogen ambitions were previously highlighted at the GH2 Investor Day in December last year, where Al Busaidi and Ellen Ruhotas, Head of Hydrogen Midstream at Ecolog, provided an in-depth look into the project's development. They stressed the importance of bridging the midstream gap between strong hydrogen producers like Oman and growing demand centers in Europe. "The journey actually started when two nations... looked at each other and said we need to come up with a way of how we actually make this a reality," Al Busaidi said, emphasising the mutual interest between Oman and the Netherlands. The event also underscored the project's engineering complexity, particularly in scaling up liquefaction and shipping technologies to support a commercial hydrogen market. Ruhotas compared the initiative to the early days of the LNG industry, pointing out that commercialising LH2 exports requires overcoming technical challenges such as boil-off losses during shipping. She emphasized that Oman's approach covers the entire value chain, ensuring efficiency and cost-effectiveness. ENGINEERING AND MARKET CHALLENGES The project targets industries that are difficult to electrify, such as brick and glass manufacturing, data centres, and food processing facilities, where demand for green hydrogen is rising. Minimising hydrogen losses during transport remains a key challenge, as unlike LNG, hydrogen's low density makes efficient shipping more complex. Despite these hurdles, feasibility studies indicate strong commercial potential, and Europe's demand for clean hydrogen continues to grow. Al Busaidi emphasised that the full hydrogen value chain—from production to liquefaction, transport, and 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
