Finnish transmission system operator Gasgrid Finland has completed construction work for the floating LNG terminal in the deep harbour area in Inkoo as it expects Excelerate Energy’s floating storage and regasification unit (FSRU) Exemplar to reach the terminal as early as 25 December. On 20 Decembe
Finland’s largest shipbuilder Meyer Turku is getting an €80 million ($85 million) financial lifeline from the Finnish government to overcome liquidity challenges caused by the ongoing geopolitical situation caused by Russia’s war in Ukraine. The European Commission approved the recapitalization meas
Germany’s first floating terminal for importing liquefied natural gas (LNG) in Wilhelmshaven has officially been commissioned for service. On 17 December, German energy major Uniper informed that the terminal was launched and that even before Christmas, LNG will be re-gasified and conveyed via the n
South Korea’s defense and energy conglomerate Hanwha Group has signed a $1.5 billion deal for the acquisition of a controlling stake in compatriot shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). The troubled shipbuilder has been controlled by the state-run Korea Development Bank (KDB)
UK energy market regulator Ofgem has withdrawn the cap and floor regime awarded in principle for a 1.4 GW interconnector due to the project having encountered “significant delays”.
Floating storage and regasification unit (FSRU) Neptune has arrived at the industrial port of Lubmin in Germany, signalling that the tests can soon begin at the country’s first and so far only privately financed LNG terminal. Deutsche ReGas, the developer of the Lubming LNG terminal, informed that t
On 17 December, the governments of Azerbaijan, Georgia, Romania, and Hungary entered into an agreement under which the four countries committed to bringing forward a subsea link in the Black Sea that will, among other things, transfer electricity from future offshore wind farms in Azerbaijan’s part
In the final round of talks over the weekend, the EU Council and the European Parliament hammered out a provisional political agreement on legislative proposals of the ‘Fit for 55’ package that aim to further reduce emissions and address their social impacts. The ‘Fit for 55’ package is aimed at ena
The European Union has launched a funding call under its Horizon Europe program, looking for tidal energy farm demonstration projects, as it aims to improve market confidence and sustainability of tidal energy technology.
Offshore energy industries, which up until recently had little in common, are becoming increasingly intertwined as governments and private sectors step up their game for a more integrated and sustainable energy mix of the future.
The Finnish and Swedish gas transmission system operators (TSOs) Gasgrid Finland and Nordion Energi, and offshore wind developers OX2 and Copenhagen Infrastructure Partners (CIP) have entered into an agreement to investigate the development of large-scale offshore hydrogen pipeline infrastructure co
The Port of Narvik and Norwegian company Plug Nord have been awarded NOK 10.7 million (€1.02 million) in funding from Enova to build shore power for cruise ships.
The Finnish and Swedish gas transmission system operators (TSOs) Gasgrid Finland and Nordion Energi, and offshore wind developers OX2 and Copenhagen Infrastructure Partners (CIP) have entered into an agreement to investigate the development of large-scale offshore hydrogen pipeline infrastructure co
UK’s BEIS has published key documents relating to the pot structure and administrative strike prices for renewable energy projects in the fifth round of contracts for difference (CfD), while also launching the consultation that will shape the next ones.
