Gas to account 29% of world energy mix by 2050

Gas to account 29% of world energy mix by 2050
By mid-century, the energy mix will be split almost equally between fossil and non-fossil sources, with oil declining steeply after 2030, but gas continuing to grow before leveling off at 29% of the energy mix by 2050, says DNV GL in its latest Energy Transition Outlook.

In light of an increasing need for decarbonization, oil and gas industry should keep sight of its responsibility to address the energy trilemma: how to provide a securesupply of both greenand affordableenergy, DNV GL...

DynagasLNG Partners secures $675 million loan

LNG carrier operator DynagasLNG Partners announced it has secured a $675 million syndicated loan from leading international banks. The loan will be secured by, among other things, first priority mortgages on the six LNG carriers in the partnership’s fleet.

This move is expected to help the company eliminate its existing dept of totaling $720 million.

The loan is repayable over five years in 20 consecutive quarterly payments, based on a 14 year amortization profile and has a margin of LIBOR plus...