Gunvor will purchase approximately 44,000 metric tons of LNG per annum from LNEnergy at its planned small-scale LNG production facility at the Colle Santo gas field, located onshore Italy.
'In the Mopane complex alone, and before drilling additional exploration and appraisal wells, hydrocarbon in-place estimates are 10 billion barrels of oil equivalent, or higher,' Galp said.
GLBP has filed applications with regulators seeking authorization to site, construct and operate the proposed facility at Shoal Point in Texas City, Texas.
Germany received clearance from the European Commission for $2.3 billion in state support for projects to migrate industrial sectors from fossil fuels to renewable hydrogen, as well as projects to electrify industrial processes.