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The UK government supports curbing the length in carbon credit in the EU-ETS by creating a Market Stability Reserve, meant to help Europe meet its emission reduction targets more cost effectively and stimulate investment in low-carbon technologies for power generation.
Nigeria has seen a slump in power capacity of as much as 1,000 MW last week, according to the minister of power, Chinedu Nebo who blamed the drop on further pipeline vandalism.“Recently within the past week, the Okoloma gas plant…
Turbine manufacturer are struggling to help cash-constraint utilities in Europe to optimise their generation portfolio. As gas power plants are mothballed, manufacturers of gas turbines need to further enhance efficiency at lower operational costs, e.g. by increasing firing temperatures while…
Operators of gas-fired power plants in Europe are no longer able to cover their fixed costs, but some units need to stay operational as widespread mothballing has left the system with a shortage of generating capacity at times of peak…
China's hunger for gas already accounts for 30% of global demand but pressing needs to improve air policy spur a switch from coal to gas and push upstream companies to tap the China's huge shale gas resources, said Rodrigo Pinto…
Spain's Gas Natural Fenosa has offered $3.3 billion to buy Chile's Compania General de Energia (CGE) from a group of controlling shareholders. It has already reached prelimnary agreemetn for 54% of the shares and now will make a share tender…
Total net energy imports to the United States have plunged 17%, falling to their lowest level in 29 years despite a 3% rise in consumption in the first half of 2014 as domestic energy production outpaces demand growth.
The National Iranian Gas Company (NIGC) has diverted 33 billion cubic metres (Bcm) of natural gas to fuel the country’s power plants between March and September as demand for electricity grows. "Gas supply to power plants in winter is expected…
Less than 4 GW of gas-fired power plants are currently being built in West Europe – the lowest level in more than 10 years – while some 35 GW of fully approved CCGT capacity have been shelved, according to the…
Bolivian state energy firm Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is holding talks with Brazil’s Petrobas to extend current gas supply contracts for 2020 and beyond. Existing agreements are set to end in 2019.
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