On July 8th, 2021 at the 3 Seas Initiative, Linden Energy purchased 50% of Bulgaria's largest privately owned gas company which has 2500km of existing pipeline in Bulgaria, Overgas Inc. This important deal will kickstart the diversification of the energy market in Bulgaria and the Balkans by importing other sources of natural gas.
Linden Energy has been a 10% capacity holder in the Gas Interconnector Greece-Bulgaria (IGB) pipeline since 2016.
This project will allow Bulgaria to diversify their gas supply and will increase energy competition in the country.
The Qilak LNG project will capitalize on recent developments in Arctic LNG technology allowing natural gas to be directly exported from the North Slope of Alaska in partnership with Exxon. This will significantly reduce the capital cost compared to projects that require a long-distance pipeline and a large minimum LNG order. Phase 1 of the Qilak LNG 1 Project will have an export capacity of 4 MTPA, with additional capacity planned to come online in future phases as determined by gas supply and global demand.
AmPak LNG is a proposed clean energy project which would import US LNG into Pakistan which will diversify the energy portfolio of the country and will serve as a transition fuel that will allow Pakistan to achieve its environmental goals by transitioning from coal to natural gas.
In partnership with Çalık Enerji and Anglo Eurasia Power Africa, the purpose of the Mozambique-South Africa Power (MSAP) Project is to generate reasonably priced low greenhouse gas emissions base-load electricity using highly efficient new build Combined Cycle Gas Turbines (CCGTs) fuelled by gas sourced in Rovuma in Mozambique to provide power to promote economic growth in Mozambique and to export at a competitive cost to South Africa via current and new build transmission lines, giving another opportunity for the South Africa electric system to increase its reliability and security of supply. MSAP will also utilize carbon capture so as to further reduce greenhouse gas emissions
The TAPP-500 is an HVDC line from Mary, Turkmenistan, to Kandahar, Afghanistan, to Quetta, Pakistan in partnership with Çalık Enerji. The Turkmenistan - Afghanistan portion will be finished in 2021.
Hydrogen NXT is a company that is developing dozens of retail on-site hydrogen fueling stations for cars and trucks using proven Steam Methane Reformer (SMR) technology, hereby eliminating the costs and risks associated with central production and transportation of pressurized hydrogen (the current way), while generating the lowest carbon footprint in California.
The core business of Lloyds Energy (LE) is focused on the monetization of pipeline quality natural gas. Lloyds Energy through its Near Shore FLNG (NSFLNG) will utilise pipeline quality gas through standard liquefaction process technologies near offshore to produce LNG. Lloyds Energy has the option to market (Spot or Long Term) or transport the LNG to a Floating Storage Regasification and Powerplant (NSFRPP) to deliver commercial options at end point of kW/h (power) and / or MMBtu (gas) at an optimized cost.
Linden Energy Exploration was formed to operate exploration ventures, from negotiation of contracts with governments to exploration and appraisal drilling.
The team has operated geophysical surveys across the African continent, including several large 2D and 3D seismic surveys. The team has drilled as the operator in two deep-water exploration wells in offshore Gueinea, the last one in 2017 in 710m and 2897m of water, the later well being the deepest water ever drilled offshore of Africa.
Ray has been a leader in addressing the potential effect of Climate Change on the oil and gas industry, proposing the shift to light oil and gas as the transition fuels in the coming decades while the share of renewable plus nuclear energy is increased. He has embarked on several Visiting Petroleum Geologist speaking tours sponsored by the AAPG and has addressed this issue in discussions with governments and international organizations.
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