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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

Japan-based INPEX Corporation and its joint venture partner Total have made the final investment decision (FID) for the Ichthys liquefied natural gas (LNG) project in Australia, representing an investment of US$34 billion dollars. Ichthys will provide a long-term stable supply of cleaner energy to. Source: INPEX. Click to enlarge.

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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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The Strait is located between Oman and Iran, and connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. At its narrowest point, the Strait is 21 miles wide, but the width of the shipping lane in either direction is only two miles, separated by a two-mile buffer zone. Source: EIA. Click to enlarge.

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Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

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Al-Futtaim and its network of experienced retailers will allow Fisker to reach customers in the UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Egypt. hp (150 kW) liquid-cooled AC permanent magnet synchronous motors, for a total range of 300 miles (483 km). In Stealth mode, the Karma can accelerate from zero to 60 mph in 7.9

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France’s IFPEN studying industrial potential of onshore sources of natural hydrogen

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IFP Energies nouvelles (IFPEN) has become one of the first global research centers actively to investigate onshore natural hydrogen emissions after the discovery of offshore sources of the gas in the 1970s. The H 2 used in industry is mainly produced by converting natural gas (CH 4 ), which has the downside of emitting CO 2.

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