Switzerland-based commodities trader Gunvor and Pakistan LNG said they have settled a dispute related to LNG supply. The parties were engaged in arbitration over competing contractual claims regarding LNG deliveries, which had come before The London Court of International Arbitration.
Tepco is seeking approval to load nuclear fuel into one of the reactors at the 8.2 GW Kashiwazaki-Kariwa nuclear power plant — the world's largest nuclear facility — potentially pushing it one step closer to restart. The power plant has been offline since 2012 following the accident at the Fukushima plant which was also owned by Tepco.
While National Grid's CEO outlined the idea of a "super supergrid", elsewhere, a BP exec hit back at CeraWeek sentiments referring to the energy transition as a “fantasy”. According to BP's senior vice president Giorgia Carchitto, BP believes in net zero. "Net zero by 2050 is still part of our target,” Carchitto said.
Here's your weekly catch up service on significant industry developments this week:
Gunvor and Pakistan LNG settle legal dispute over LNG supplies
Tepco applies for fuel loading at world’s largest nuclear power plant, timeline uncertain
Ørsted submits proposal for Rhode Island offshore wind farm as US projects advance
North Sea regulator requires firms to electrify or shut down oil and gas assets
Ithaca in talks to buy Eni's UK asset base, chair notes 'fiscal instability' from windfall tax
BP still fixed on net zero plan: ‘2050 is still part of our target’
Midstream firms form JV in bid to boost gas supply to Gulf Coast LNG projects
OEUK says gas decline set to be faster than oil amid potential for £450bn new energy market
National Grid boss sees need for double voltage ‘super supergrid' in UK
Sakhalin 2 sale mired in uncertainty as Gazprom acquires Shell’s stake
BP pensions dispute triggers parliamentary call for regulatory review
Tokyo Gas agrees deal to import bio-methane with Mitsui
US pledges $6bn package to help decarbonise industrial sector
Gas storage facility in western Ukraine hit after Russian attack – Naftogaz
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