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Canadian gas group launches venture fund


Canadian gas group launches venture fund
Apr 1, 2021 3:30:pm
Summary
by: Dale Lunan
Posted in:
Canadian gas group launches venture fund
Just two days after its creation, NGIF Capital on April 1 launched NGIF Cleantech Ventures, a new equity fund that will invest in cleantech solutions that lead to greenhouse gas (GHG) emission reductions along the natural gas value chain or that advance renewable natural gas and hydrogen.
NGIF Cleantech Ventures is supported by C$35mn (US$28mn) in seed funding from seven limited partners representing Canada’s natural gas value chain: producers ARC Resources, Birchcliff Energy and Tourmaline Oil; utilities ATCO Gas and FortisBC and midstream infrastructure operators TC Energy and Tidewater Midstream and Infrastructure. ....

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Sempra LNG Joins Methane Collaborative


Sempra LNG Joins Methane Emissions Group
US-based Sempra LNG said March 9 it has joined the Collaboratory for Advancing Methane Science (Cams), an industry-led consortium created to better characterise and understand methane emissions.
The consortium, created in 2018 and administered by GTI, includes US majors Chevron and ExxonMobil, Norway’s Equinor, Anglo-Dutch major Shell, Pioneer Natural Resources and LNG developer Cheniere Energy.
Its members “work collaboratively to provide actionable, transparent methane science to contribute to the understanding of methane emissions across the oil and gas value chain and inform mitigation strategies,” according to an email statement.
The consortium’s first project was the Methane Emission Estimate Tool (Meet), an open-source model that simulates methane emissions from production and gathering facilities. Phase two of the Meet project will apply the tool to simulate areas of higher methane concentrations for Project ....

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New Fortress dives into Brazil [NGW Magazine]


New Fortress dives into Brazil [NGW Magazine]
Feb 8, 2021 3:10:pm
Summary
With market liberatisation on the way, Brazil represents a good growth opportunity for gas-to-power projects, supported by floating storage and regasification vessels. [NGW Magazine Volume 6, Issue 3]
by: Brunno Braga
To take advantage of the promising LNG market in Brazil, the US-based energy company New Fortress Energy (NFE) has made a big move into Latin America s largest oil and gas producing country: Brazil. 
The company, with worldwide energy infrastructure operations, bought Hygo Energy Transition in a $5bn deal announced mid-January. 
Hygo is a joint-venture between Golar LNG and Stonepeak Infrastructure Partners. With the purchase, NFE will acquire an operating floating storage and regasification unit (FSRU) terminal and a 50% interest in a 1.5-GW power plant in Sergipe as well as two other FSRU terminals with 1.2 GW of power in advanced sta ....

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