European floating gas terminals raise climate concerns
OIL & GAS

European floating gas terminals raise climate concerns

European nations, in a desperate attempt to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would receive liquefied natural gas from other countries and convert it into heating fuel. The first floating terminals are set to deliver natural gas by the year-end, which has raised alarms among scientists who fear the long-term consequences for the environment. They warn that these terminals would perpetuate Europe’s reliance on natural gas, which releases climate-warming methane and carbon dioxide when it’s produced, transported and burned. Some scientists say they worry that the floating terminals will end up becoming a long-term supplier of Europe’s vast energy needs that could last years. Such a trend could set back emission-reduction efforts that experts say haven’t moved fast enough to slow the damage being done to the global environment.

Also read:
BPCL to develop 2 new petrochemical facilities in Bina, Kochi
Govt to reassess oil demand, refinery capacity projections


"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

European nations, in a desperate attempt to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would receive liquefied natural gas from other countries and convert it into heating fuel. The first floating terminals are set to deliver natural gas by the year-end, which has raised alarms among scientists who fear the long-term consequences for the environment. They warn that these terminals would perpetuate Europe’s reliance on natural gas, which releases climate-warming methane and carbon dioxide when it’s produced, transported and burned. Some scientists say they worry that the floating terminals will end up becoming a long-term supplier of Europe’s vast energy needs that could last years. Such a trend could set back emission-reduction efforts that experts say haven’t moved fast enough to slow the damage being done to the global environment. Also read: BPCL to develop 2 new petrochemical facilities in Bina, Kochi Govt to reassess oil demand, refinery capacity projections

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement