Australia’s big LNG exporters – including Shell and Exxon - have agreed to a request from Prime Minister Malcolm Turnbull to supply more gas to the domestic market.
Gazprom and Eni have signed a memorandum of understanding in Moscow over sales of Russian gas.
A report from analysts Research and Markets says the global Carbon Capture and Storage (CCS) market will grow 9.18% per year between 2017 and 2021, with Babcock & Wilcox, ENGIE, GE Power, The Linde Group & Mitsubishi Heavy Industries dominating developments.
Siemens has opened a dynamic grid centre designed to better manage the growing complexity of power transmission systems in Germany.
Chevron says it won’t build any more major LNG projects in Western Australia, and other developers are expected to follow suit, as they focus on returns on money already spent in a market that has seen costs overshoot and prices crash since 2013.
Cheniere has filed a request with the US Federal Energy Regulatory Commission (FERC) to begin the commissioning process of its fourth liquefaction train at the Sabine Pass LNG project in Louisiana.
The UK government is preparing to intervene to control energy prices because the market is “manifestly not working” for consumers, according to Prime Minister May. The Government has faced repeated calls for a fixed price cap on energy tariffs amid accusations that the so-called Big Six energy companies are not competitive enough on pricing.
The UK Government has given approval for the development of a major new gas storage and balancing facility in Cheshire.
GE has been awarded a contract by China’s Harbin Electric to provide a 9HA gas turbine for the 650MW Huadian Tianjin Junliangcheng VI gas combined-cycle power plant.
A switch from coal to gas helped keep energy-related carbon dioxide emissions flat in 2016 for the third year in a row, according to the International Energy Agency (IEA), after many years of steep growth. However, most of the improvement did not come as a result of policies designed to cut CO2 emissions.
Gazprom is expected to announce a financing package for the $11 billion Nord Stream II gas pipeline by the end of March, with EU Competition Commissioner Margrette Vestager speaking positively about the project this week, although it has yet to gain full EU approval.