Europe’s electricity demand falls 8% in 2020, may take years to recover
Electricity demand across major European markets will fall nearly 8.1% this year as lockdown easing have no great impact yet,… Low demand, combined with abundant supply from wind and solar power...
View ArticleHenry Hub spot prices seen rise through 2021 as production declines
U.S. Energy Information Administration (EIA) expects a rebound in Henry Hub spot gas prices due to falling production in the… In the Appalachian region, low natural gas prices are discouraging...
View ArticleEurope reduces US LNG imports amid low TTF Q3-2020 prices
Forward prices at the Dutch TTF gas trading hub could fall further over the summer as Europe runs out of… The TTF near-curve market, notably contract for Jun-20, Jul-20, Aug-20 and Sep-20, have held...
View ArticleBudgets for RD&D near $21 billion despite economic uncertainty
Energy research, development and demonstration (RD&D) budgets have increased by 4% worldwide to reach $20.9 billion. Low-carbon research accounts for… Spending on low-carbon technologies has...
View ArticleGerman gov’ urged to “not waste time” on adopting hydrogen strategy
German research minister Anja Karliczek has called on the government not to “waste any more time debating” and come to… “The goal of the federal government is to use green hydrogen, [produced from...
View ArticleRWE trading unit Q1 earning fall nearly 40% amid market turmoil
RWE Supply & Trading’s first quarter results have taken a battering from the turmoil on commodity markets caused by the… “Despite the sudden fall in commodity prices as a result of the [Covid-19]...
View ArticleUniper to build gas-drive power plant in Bremen
German utility Uniper is working with Wärtsilä on a gas-drive power plant for swb Bremen. The flexible unit, build adjacent… Designed for variable power generation, Wärtsilä 31SG gas-drive system can...
View ArticleRecession causes 11% drop in U.S. energy-related emissions
Though lockdowns are gradually lifted in several U.S. states, the government expects an 11% drop in energy-related emissions as demand… The chairman of the Federal Reserve, Jerome Powell, has warned...
View ArticleBangladesh raises power prices to reflect higher fuel costs of LNG
Electricity and gas prices have been raised in Bangladesh to reflect the higher cost of LNG, imported to compensate for… Higher domestic gas prices increase the prospects of Bangladesh to secure spot...
View ArticleFlextricity bags deal to manage Thurcroft, Europe’s largest battery site
Demand response specialist Flexitricity has signed a deal with Gresham House Energy Storage Fund to optimise revenue for the 50-MW/75-MWh… The Thurcroft battery will be monitored remotely from...
View ArticleHydrogen central to decarbonising oil & gas industry
Despite the recent oil market shock, a fifth of industry leaders said in a DNV GL survey their companies have… More than half of the respondents expect hydrogen, mostly produced via electrolysis from...
View ArticleFirst Siemens HL-class turbine on route from Berlin to Keadby, UK
Siemens is transporting the first HL-class turbine from its factory in Berlin to SSE’s Keadby-2 power project. With 593 MW… Test operation of the HL-class turbine in the 50 Hertz market, follows the...
View ArticleGazprom fails to exempt Nord Stream-2 from EU market rules
The Germany regulator has turned down Gazprom’s application to exempt the Nord Stream-2 gas pipeline (55 Bcm per year) from… The reach of this rule was widened last year to also include gas...
View ArticleMTU series 4000 gas engine production passes the 3000 mark
The 3000th gas genset of Rolls-Royce's MTU-branded Series 4000 natural gas engine has rolled off the production line, set to… Once the engines are manufactured in Friedrichshafen, they are subsequently...
View ArticleWärtsilä and Vantaa Energy work on synthetic biogas project in Finland
Technology group Wärtsilä is working on a feasibility study for a Power-to-Gas facility at Vantaa Energy’s waste-to-energy -plant in Finland.… The aim of the study is to establish the optimal size of...
View ArticleItochu announces start-up of 1 GW Hickory Run Energy Center
Japanese trading house Itochu has announced the commercial start of the Hickory Run Energy Center, built at a cost of… Tyr Energy is the cornerstone of Itochu’s investment in Independent Power Project...
View ArticleMAN completes pre-assembly of components for ITER project
MAN Energy Solutions has assembled two core-components for the world's largest fusion experiment ITER in Cadarache, southern France. The cylinders… With the 'base section' and 'upper cylinder'...
View ArticleGermany and France see EU Green Deal as key for economic recovery
Europe’s two largest economies, Germany and France, stand united in stressing the role of a sustainable stimulus package for the… The two influential EU member states also tightened their 2030 target...
View ArticleOutlook for gas and renewables stays bright APAC despite pandemic
The pandemic is expected to have only a modest impact on the pace of renewables additions in Asia Pacific (APAC)… Cash, investors’ confidence and supportive governments are the key factors for the...
View ArticleGE’s synchronous condensers help Terna stabilize the Italian grid
Italian grid operator Terna has asked GE to provide two synchronous condensers and flywheel units for the Brindisi substation. The… The intermittent nature of wind and solar power sources, requires...
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