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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

Onshore installations will consist of two LNG trains with a capacity of 4.2 million tons per year) has already been sold for 15 years under oil-linked price contracts, mostly directed to third-party consortiums of Taiwanese and Japanese buyers including INPEX. The CPF and the FPSO will both be one of the largest in the world.

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Volvo joins Tesla in halting EV production due to Red Sea attacks

Baua Electric

What’s happening is that Iran-backed Houthis have declared a blockade on the Bab al-Mandeb strait, near Yemen, in response to Israel’s attacks on Gaza – it’s a tiny chokehold to the Red Sea and a control point of all shipping between the Indian Ocean and the Mediterranean Sea via the Suez Canal.

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