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Top LNG importer says ‘future lies in hydrogen’

  Bloomberg Korea Gas Corp, one of the world’s biggest liquefied natural gas importers, expects to win benefits from its current business as it shifts to a future focused on hydrogen. “We’ll completely transform our LNG-driven operations into hydrogen by 2050 in line with South Korea’s carbon neutrality target,” Lee Jae Hoon, a general manager of the company’s hydrogen business ...

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South Africa registers two solar projects to cut red tape

  Bloomberg South Africa registered two solar projects as part of a process designed to cut red tape and help increase the pace of private generation in a nation that’s headed for a record year of power cuts. The National Energy Regulator of South Africa approved the projects, the biggest since President Cyril Ramaphosa removed the need for seeking licenses ...

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Total to buy stake in Clearway Energy

  Bloomberg TotalEnergies SE said it will acquire a stake in a large US renewables developer, another move by the European energy giant to expand its footprint in the American power sector. The French firm agreed to buy a 50% stake in Clearway Energy Group from Global Infrastructure Partners for $1.6 billion in cash, it said in a statement. GIP ...

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