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La Porte, TX (November 16, 2021) – NET Power, a clean energy company whose revolutionary technology affordably generates zero-emission electricity from natural gas, has announced that it has delivered electricity onto the ERCOT grid from its 50 MWth test facility in La Porte, Texas. This is the first time anywhere in the world this has…
Read MoreG2 Net-Zero CEO Angele Davis today announced an extension of their agreement with global development expert Hunt Guillot Associates (HGA). HGA will continue to manage all G2’s project-related functions, providing additional layers of expertise to the project in support of bringing the facility online on-time and with uniform emphasis on superior levels of environmental, social and governance planning. G2 Net-Zero is a Louisiana-based company building the ...
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Natural-gas prices have surged, prompting worries about winter shortages and forecasts for the most expensive fuel since frackers flooded the market more than a decade ago. U.S. natural-gas futures ended Friday at $5.105 per million British thermal units. They were about half that six months ago and have leapt 17% this month. …
Read MoreNET Power and G2 Net-Zero LNG executed a new Letter of Intent following the release of a pre-FEED (Front End Engineering Design) report last week. G2’s Net-Zero LNG export facility will be the first to integrate NET Power’s Allam-Fetvedt Cycle technology which removes all CO2 emissions from the natural gas liquefaction process to achieve a unique carbon net-zero energy mix of industrial gases, electricity and LNG. The pre-FEED report is a key milestone in accelerating the project’s FEED study, which is already partially completed, with increased confidence...
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At full capacity, proposed Louisiana LNG export facility G2 Net Zero plans to capture over 4 million tons of carbon dioxide on an annual basis, Chairman Chas Roemer tells Natural Gas Intelligence in a new interview. Roemer tells the energy market publication he believes his project is the first net-zero LNG export project under development in the world and—more importantly—will be the first to achieve net-zero…
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Global buyers are increasingly scrutinizing how liquefied natural gas (LNG) is produced and delivered, with an eye on the environment. A proposed export terminal in Louisiana could be the first to produce net-zero emissions LNG. G2 Net Zero LNG Chairman Chas Roemer believes a more responsibly produced LNG is imperative as both the environment and market demand it. At full capacity, the G2 terminal would produce 13 million metric tons/year (mmty) of LNG from a location on the Calcasieu Ship Channel. The company expects to start exporting super-chilled…
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G2 Net-Zero LNG (G2) and Maius GmbH (Maius) today announced that G2 has engaged Maius to act as G2’s international finance advisor. G2 Net-Zero LNG, a venture of Chas Roemer Innovations, is based in Louisiana, US, and is building the world's first LNG export and industrial gas production complex promising net-zero carbon emissions from upstream to dockside by as early as 2027. By 2027, the complete facility is projected to produce 13 million tpy of LNG, over 1000 MW of electricity and will capture up to 4 million t of CO2. The project requires an investment of up to…
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G2 Net-Zero LNG (‘G2’) and Maius GmbH (Maius) today announced that G2 has engaged Maius to act as G2’s international finance advisor. G2 Net-Zero LNG, a venture of Chas Roemer Innovations, is a Louisiana-based company building the world's first liquefied natural gas export and industrial gas production complex promising net-zero carbon emissions from upstream to dockside by as early as 2027. By 2027, the complete facility is projected to produce 13 mtpa of LNG, over 1000MW of electricity and will capture up to 4 million tons of CO2. The project requires an investment of up to …
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The “bridge fuel” narrative for natural gas is being replaced. Not so easily replaced, however, is the demand for natural gas. Natural gas—just a couple of years ago hailed as the fuel that will bridge the fossil fuel era and the renewable energy era—now finds itself the target of growing opposition and pressure from environmental groups and governments. Natural gas was recently denied transition status by the European Union. This might sound like the start of the joke, but Brussels is, in fact, very serious: in a draft new rule, the European authorities set an emissions limit of 100 grams of CO2 equivalent per kilowatt-hour for gas-fired power plants. This is a …
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President-elect Joe Biden plans to push for the most progressive climate policy the U.S. has ever had, aligning the world’s second-largest carbon emitter with a growing group of nations aggressively tackling global warming. Biden has promised to rejoin the landmark Paris climate agreement on his first day in office, reversing the withdrawal orchestrated by President Donald Trump. He’s also called for the U.S. to have net-zero emissions by 2050, which would make it the last Group of Seven nation to set such a target. The coming shift from the U.S. will cap a pivotal year for global climate policy that has…
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Gov. John Bel Edwards said Louisiana must address the looming effects of climate change on the state's population in ways that both reduce future weather disasters and create opportunities for the state to participate in a new economy , during a speech Monday at the opening session of his new Climate Initiatives Task Force. "The fact that changes are happening in our environment, I think, are undeniable," Edwards said. He pointed to the seven hurricanes and tropical storms that already have affected the state in 2020 …
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WASHINGTON - Two years ago, Louisiana investor Chas Roemer was moving ahead on building an LNG export terminal in southwest Louisiana when he ripped up his plans. With customers abroad under regulatory pressures to address climate change, he decided his project needed to be cleaner than the glut of other LNG facilities going up along the Gulf Coast. So, Roemer, a partner at a Baton Rouge private equity, began looking into storing underground the vast amounts of carbon dioxide his facility would produce. And he wasn’t alone. Plans…
Read More Open PDFG2 Net-Zero LNG Chairman Chas Roemer has announced the appointment of Angele Davis as G2’s new CEO. Tom Hudson, G2’s former CEO, will stay on as a senior advisor to Roemer and Davis. “Tom was pivotal in getting G2 to the position where we are poised to be the world’s first net-zero emissions LNG industrial complex,” said Roemer. “No one else could have gotten us so far, so fast, partnering us with a line-up of industry game-changers. He and I have been talking about this transition for a year and we believe this is the right time. We feel fortunate to have someone with Angele’s skills and experience to take the project …
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G2 Net-Zero LNG chairman Chas Roemer has announced the appointment of Angele Davis as G2’s new CEO. Tom Hudson, G2’s former CEO, will stay on as a senior advisor to Roemer and Davis. “Tom was pivotal in getting G2 to the position where we are poised to be the world’s first net-zero emissions LNG industrial complex,” said Roemer. “No one else could have gotten us so far, so fast, partnering us with a lineup of industry game-changers. He and I have been talking about this transition for a year and we…
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Moving up: G2 Net-Zero LNG Chairman Chas Roemer today announced the appointment of Angele Davis as G2’s new CEO. Tom Hudson, G2’s former CEO, will stay on as a senior adviser to Roemer and Davis. Davis, who joined G2 as chief financial officer in December 2019, has 29 years in large organization management and is a former Louisiana commissioner of administration under Gov. Bobby Jindal and former deputy commissioner under Gov. Mike…
Read MoreG2 Net-Zero LNG Chairman Chas Roemer today announced the appointment of Angele Davis as G2’s new CEO. Tom Hudson, G2’s former CEO, will stay on as a senior advisor to Roemer and Davis. “Tom was pivotal in getting G2 to the position where we are poised to be the world’s first net-zero emissions LNG industrial complex,” said Roemer. “No one else could have gotten us so far, so fast, partnering us with a lineup of industry game-changers. He and I have been talking about this transition for a year and we believe this is the right time. We feel fortunate to have someone with Angele’s skills and experience to take the project from here.” Davis, who joined G2 as Chief Financial ...
Press Release BioNet-zero goals cannot be met by rising renewable energy usage and wider adoption of electrification in transport alone. The world will need to reduce the emissions from existing energy systems and from heavy industries such as cement, steel, or chemicals production if it hopes to meet the ambitious climate goals and stick to the target in the Paris Agreement to limit global temperature rise well below 2 degrees Celsius. The decarbonization of the energy infrastructure, the reduction of greenhouse gas (GHG) emissions in heavy industries, and the production of low-carbon hydrogen will be virtually impossible without carbon capture, utilization, and storage (CCUS), the International Energy Agency...
Read MoreWhen Congress last pushed for comprehensive climate legislation a decade ago, much of corporate America was either neutral or hostile. In a sign of how much corporate attitudes have changed, the Business Roundtable, one of the country’s most prominent business groups, is throwing its support behind broad-based measures to slash greenhouse gas (GHG) emissions. In a statement of principles released Wednesday, the Business Roundtable said it “supports a goal of reducing net U.S. GHG emissions...
Read MoreTwo years ago, the CEO of a Middle Eastern oil company stopped in Washington, D.C. on his way home from a visit to Silicon Valley. What he wanted to discuss with me over a cup of coffee wasn’t the future price of oil or Iran’s activities in the Middle East but rather the astonishing thing he had seen in California. “I couldn’t believe the number of Teslas,” he said. “They were everywhere.” What he saw in all those electric cars was a looming transition that in the decades ahead will shift the world away from using oil, natural......
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Progress has picked up on the proposed G2 LNG facility on the Calcasieu Ship Channel. Now known as G2 Net Zero LNG, the company plans to build the world’s first net-zero greenhouse emissions LNG and industrial gas production complex to differentiate it from other LNG projects. The team is now composed of several global innovators including Siemens Energy, Inc. and 8 Rivers/NET Power. The firm is at the capital raising stage and wants to start with construction (beginning September 2022) of a $1.136 billion NET power plant.
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G2 Net-Zero LNG, formerly known as G2 LNG, is an energy products company based in Louisiana. In partnership with Siemens Energy, infrastructure developer 8 Rivers/NET Power and energy advisory firm EJM Associates, it plans to build the world’s first net-zero LNG export and industrial gas production complex. G2 Net-Zero LNG says the 13 mtpa plant, located on the Calcasieu Ship Channel, three miles north of the Gulf of Mexico, will be the first to deliver “a profitable portfolio of uniquely differentiated energy products,” while achieving net-zero....
Read More Open PDFG2 Net-Zero LNG today announced that they have engaged Lockton Companies, the world’s largest privately-owned independent insurance brokerage, to facilitate G2’s insurance and risk management services. G2 Net-Zero LNG, a venture of Chas Roemer Innovations, is a Louisiana-based company building the world's first liquefied natural gas export and industrial gas production complex promising net-zero carbon emissions from upstream to dockside by as early as 2027. Without burden of existing expensive infrastructure costs, and coupled with a burgeoning world energy market insisting on net-zero emissions by 2050, G2 stands to...
Read MoreLouisiana will strive to reach a “net zero” level of greenhouse gas emissions by 2050 to play its part in a worldwide effort to limit the effects of global warming that threaten the state’s coast and its residents and businesses, Gov. John Bel Edwards said Wednesday before signing two executive orders that will guide the state’s efforts to both reduce emissions and deal with the effects of warming. “In many ways, Louisiana is the poster child for climate risk. We are the canary in the coal mine,” Edwards said in explaining his plan , delivered during a meeting of...
Read MorePavilion Energy is closing in on the world’s first term supply deal for carbon-neutral LNG after issuing a request for proposal (RFP) in April. As part of the RFP, the firm requested potential suppliers to commit to jointly develop and implement a greenhouse gas (GHG) quantification and reporting methodology, covering emissions from the wellhead through to the LNG terminal. Spinning the line of ‘gas being the cleanest burning fossil fuel’ is no longer enough for the industry facing the decarbonisation agenda, as...
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Saying the challenges and uncertainties of the summer of 2020 "absolutely represent the perfect moment in time to introduce bold ideas, and create new opportunities," Louisiana businessman Charles E. "Chas" Roemer IV today announced the reformation of RRM and Co. as Chas Roemer Innovations.Roemer said much of his inspiration for CRI (www.chasroemerinnovations.com) developed from conversations he's had during the Coronavirus shutdown, when entrepreneurs and Fortune 500 executives alike seemed paralyzed. Invariably, however, Roemer said the smarter, more energetic ...
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A US liquefied natural gas export terminal project, shelved in 2017, will seek new approval for novel plan to curb emissions with technology and offsets. Developers of a long-planned US liquefied natural gas export terminal in Louisiana have relaunched the project with an ambitious goal: to be the first net-zero carbon emissions LNG facility in the world. They will restart the process of getting a permit from the Federal Energy Regulatory Commission early next year, after exiting the federal permitting process in 2017 as competition had stacked up in the US LNG sector, the project's chairman Charles...
Read Morehe developers of a Louisiana LNG facility touting net-zero greenhouse gas emissions—from wellhead to production—have temporarily postponed the announcement of a natural gas supplier until later in the year, even though the project remains on track for a 2027 startup. Chas Roemer, chairman of G2 Net-Zero LNG, says designs for the $9 billion, 1,250…
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It has become clear that achieving emissions targets and meeting the world’s growing demand for power will require a mix of generation from cost-competitive renewables and cleaner-burning hydrocarbons—most notably natural gas. Through 2040, the two are expected to make up 80% of additional energy demand (from today), with gas taking the lion’s share at 43%. Despite its emergence as a bridge fuel to a future where renewables dominate the energy landscape, the environmental impact associated with producing, transporting and delivering natural gas in the form of LNG to…
Read MoreSingapore’s biggest buyer of liquefied natural gas is poised to take a major step toward squeezing down pollution from the fuel -- on paper at least. Pavilion Energy Pte Ltd. is asking sellers of LNG to quantify greenhouse gas emissions associated with each LNG cargo produced, transported and imported into Singapore. It’s also encouraging bidders to offer carbon offsets as part of sales deals. The terms are attached to a major tender for…
Read MoreBP PLC said it has agreed to draft a shareholder resolution to be voted on next year that would enshrine its pledge to reach carbon neutrality by 2050, as investors urge major oil companies to diversify their portfolios to cleaner energy. The British energy company said the resolution would address BP’s overall greenhouse-gas emissions from its operations to the products it buys and sells and lay out how it would boost investment in clean…
Read MoreCurrent market conditions aside, the president of ExxonMobil Fuels & Lubricants remains bullish about fossil fuels and expects demand for oil and gas to grow 8% and 6%, respectively, over the next 20 years. Executive Bryan Milton spoke March 5 during a joint meeting of the Louisiana Mid-Continent Oil and Gas Association and Louisiana Oil & Gas Association in Lake Charles. In his role, Milton oversees ExxonMobil’s downstream and midstream…
Read MoreOil and gas executives say the long-term industry demand remains high, despite the spread of the novel coronavirus and other global actions. Executives from both ExxonMobil and Shell U.S. reiterated their beliefs in a growing global energy demand during a joint meeting of the Louisiana Mid-Continent Oil and Gas Association and Louisiana Oil & Gas Association last week. The president of ExxonMobil Fuels…
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No country ever has spent more money forcing the adoption of renewable energy than Germany. Passed in 2010, Germany’s Energiewende is an “energy transition” based on relentlessly installing as much wind and solar power capacity as possible, with little to no consideration to cost. The Energiewende demanding the use of renewables could ultimately cost the country as much as…
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LAKE CHARLES, La. (KPLC) -Despite various global issues that come up and investment decisions not yet final, oil and gas industry officials see a bright outlook for LNG. One export company planning to locate in Cameron Parish has revised their project to make it more competitive globally. The G2 LNG export project is still in the works for Cameron Parish, but the name is now G2 Net-Zero LNG. The chairman, Chas …
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(NEW YORK) “BP’s 2050 net zero goals provide a welcome benchmark against which its future investment decisions will be judged. “Looney deserves support and credit for starting BP on the journey towards carbon neutrality and policy leadership. The direction is good, and we look forward to hearing more about the specifics. Time will…
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LONDON (AP) — Energy producer BP said Wednesday it wants to eliminate or offset all carbon emissions from its operations and the oil and gas it sells to customers by 2050, an ambitious target born out of pressure to help combat climate change and keep making money. London-based BP’s goals include becoming a net zero emitter in…
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BlackRock Inc. will ditch investments with high sustainability-related risk as climate concerns drive a sweeping change in the way the world’s largest asset manager invests its $7 trillion in assets.“Climate change has become a defining factor in companies’ long-term prospects,” Chief Executive Officer Larry Fink wrote in his annual letter to corporate executives on Tuesday. “Awareness is rapidly…
Read MoreAn actual game changing technology is being demonstrated as we sit in our air-conditioned abodes reading this. And it is being demonstrated by North Carolina–based Net Power at a new plant in La Porte, Texas.The process involves burning fossil fuel with oxygen instead of air to generate electricity without emitting any carbon dioxide (CO2). Not using air also…
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Germany announced on Thursday that it would spend $44.5 billion to quit coal — but not for another 18 years, by 2038. The move shows how expensive it is to stop burning the world’s dirtiest fossil fuel, despite a broad consensus that keeping coal in the ground is vital to averting a climate crisis, and how politically complicated it is. Coal, when…
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Concerns about climate change will drive a "fundamental reshaping of finance", one of the world's biggest money managers has said. Larry Fink, who runs BlackRock, said the shift will happen "sooner than most anticipate". His company has announced "sustainable" versions of its traditional investment options to meet demand from clients. It…
Read MoreEurope’s import terminals are expanding in preparation for even more liquefied natural gas (LNG) that’s expected to reach the continent with a second wave of U.S. export facilities coming online in the years ahead and higher forecasted output from other leading global producers.Terminal operators…
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SINGAPORE -- As demand for clean energy grows in China, India and Southeast Asia, Singapore has ramped up efforts to become a regional hub for liquefied natural gas trading, capitalizing on its location as an established center of finance and trade.The city-state took another step forward last month when the government expressed interest…
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When viewed through the lens of the intensifying clamor to mitigate air emissions, Harvey Gulf International Marine could be seen as a visionary. Since launching its first offshore supply vessel powered by liquefied natural gas (LNG) in 2015, the New Orleans-based company remains alone in providing clean gas-fueled support services in the Gulf of Mexico. Subsequent to the debut of the 302’x64’ Harvey Energy, the nearly 65-year-old …
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I recently attended the Responsible Business Summit West 2019 in San Diego. It was truly impressive to hear and see all of the things that corporations and organizations are doing to achieve greater levels of sustainability and Environmental Social Governance (ESG) performance.Critical to the discussion was the effort by companies to commit to reducing…
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Energy is essential to a modern standard of living, and as the leading energy sources, natural gas and oil are foundational to almost everything we do – lighting our homes, heating our hospitals and powering our workplaces.The U.S. is the world’s leading natural gas and oil producer, which is critically important given new projections that global energy consumption will increase nearly 50% by 2050. Though…
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Liquefied Natural Gas (LNG) is the most mature, scalable, and commercially viable alternative fuel currently available for the maritime industry, according to a new report released by SEA\LNG.A comparative study called ‘Comparison of Alternative Marine Fuels’, conducted by alternative fuel company DNV GL, analysed the…
Read MoreGas looks the best bet of the fossil fuels through the energy transition. Coal demand has already peaked while oil has a decade or so of slowing growth before electric vehicles start to make real inroads in transportation. Gas, blessed with lower carbon intensity and ample resource, is set for steady growth through 2040 on our base case…
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In 2018, worldwide energy demand grew 2.3 percent – the fastest this decade – while increases in efficiency and coal-to-natural gas switching in power generation also drove emissions reductions.The combination of industry innovation and smart public policy has positioned the U.S. as a go-to supplier of…
Read MoreWASHINGTON - The American Petroleum Institute, along with the Center for LNG and LNG Allies hosted an event discussing the increasing role U.S. LNG exports play in the global energy mix and the global benefits of this transition, including emissions reductions, lifting people out of poverty, and increasing global security…
Read MoreChina is on the verge of rolling out game-changing policies for corporate procurement” with policymakers set to implement two key policies that should see the market in the country surge over the next few years. Despite the strong growth in corporate PPAs in recent years, analysts say that the market remains in…
Read MoreWe’ve focused on the numerous domestic benefits from liquefied natural gas (LNG) exports, which follow the United States’ emergence as a major LNG supplier to the world market. Now let’s explore the ways U.S. LNG can help other countries meet their most pressing energy and environmental challenges.First, let’s note that U.S. LNG exports have grown rapidly in just a few years, with cargoes…
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