article thumbnail

GECF: more than a quarter of 2050 natural gas supply untapped

Green Car Congress

Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. —Secretary General Sentyurin.

article thumbnail

EIA: US LNG exports grew to record highs in the first half of 2021

Green Car Congress

US exports of liquefied natural gas (LNG) continued to grow in the first six months of 2021, averaging 9.6 US LNG exports increased in the first half of this year as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather. billion cubic feet per day (Bcf/d).

Trinidad 418
article thumbnail

UPS makes largest purchase of renewable natural gas yet in the US: 170M gallon equivalents over 7 years

Green Car Congress

to purchase 170 million gallon equivalents of renewable natural gas (RNG) through 2026. RNG is a key part of UPS’ strategy to increase alternative fuel consumption to be 40% of total ground fuel purchases by 2025, supporting the logistics leader’s efforts to reduce the absolute greenhouse gas (GHG) emissions of its ground fleet 12% by 2025.

Purchase 247
article thumbnail

US Treasury allows Chevron to resume oil production in Venezuela, delivery to US only

Green Car Congress

Purchase and importation into Venezuela of goods or inputs related to the activities described in this general license, including diluents, condensates, petroleum, or natural gas products. Chevron also operates and holds a 60% interest in the Loran gas field offshore Venezuela. Chevron also holds a 25.2%

Venezuela 358
article thumbnail

UPS to invest $100M more in compressed natural gas, CNG vehicles and related infrastructure

Green Car Congress

UPS plans to build an additional 12 compressed natural gas (CNG) fueling stations and add 380 new CNG tractors to its growing alternative fuel and advanced technology fleet. CNG is made by compressing natural gas to less than one percent of the volume it occupies at standard atmospheric pressure. San Antonio, Texas; Tifton, Ga.;

El Paso 150
article thumbnail

BHP offboards its petroleum business in merger with Woodside; focus on “future-facing commodities”

Green Car Congress

Anglo-Australian BHP Group is merging its oil and gas business with Woodside Petroleum Ltd. 2P reserves of more than 2 billion boe comprising 59% gas, and 41% liquids. Longer term embedded options include the Wildling (US), Trion (Mexico), Calypso (Trinidad and Tobago) and Browse (Australia) projects.

Future 221
article thumbnail

MHTL to partner with G2X, negotiate methanol offtake agreement from G2X methanol-to-gasoline plant

Green Car Congress

and Methanol Holdings Trinidad Limited (MHTL) announced that MHTL intends to partner with G2X Energy to construct the world-scale methanol-to-gasoline (MTG)-ready, methanol production facility being developed by G2X Energy in Lake Charles, Louisiana. G2X Energy, Inc. Earlier post.). The Big Lake Fuels LLC facility will produce 1.4

Trinidad 210