Exploitation of the UK's significant shale gas resources is unlikely to result in low natural gas prices, as high costs and slow exploration rates are unlikely to offset the need to import gas for power generation.
Unless Germany introduces measures to curb the costs of renewable feed-in-tariffs, the price tag for its energy transition policy (Energiewende) may amount to up to €1 trillion by the end of the 2030s , German environment minister Peter Altmaier warned.
The UK government will make best use of new powers in the Energy Bill to enforce energy regulator Ofgem's retail market reforms, Prime Minister David Cameron said Thursday.
PG&E Corporation posted a slight year-on-year rise in the total cost of electricity generation from 4,016 million to 4,162 million in the annual 2012 report, while the costs of natural gas fell from 1,317 million to 861 million.
Following completion of its S$1 billion ($860 million) second stage repowering project, Singapore's Senoko Energy believes it is now in an advantageous position for selling power to consumers at competitive prices.
Speculators are taking advantage of regulatory uncertainty and subsequent price volatility in the European Emissions Trading System (EU ETS). "The carbon market is 'broken' in that it is driven by regulation, and not by fundamentals," French investment bank Société Générale suggests.
To help meet peak-load power demand, Montana-Dakota Utilities Co. will install a GE 7E 3-Series gas turbine in a unit adjacent to its coal-fired Heskett Generating Station near Mandan in North Dakota, U.S.
Iran has announced the operational start-up of a gas-fired combined-cycle power plant, located in Yazd in central Iran, as part of government plans increase electricity exports to neighbouring countries.
Siemens Energy has won a contract to supply turbo compressors and mechanical-drive gas turbines for a project to improve output at the Petronas Bintulu LNG Plant in Sarawak, East Malaysia.
Drax Group said it is on track with works to convert half its power generating capacity from coal to wood pellets and other environment-friendly fuels such as natural gas, as new EU levies on burning coal threaten operational profits at Britain's largest coal fired plant.
Genalta Power and Shell Canada have agreed to build a produced-gas-to-power plant that will make use of the gas associated with Shell's bitumen production in an effort to reduce gas flaring at its Peace River oil sands leases.
Japan's imports of liquefied natural gas have hit a monthly record of 8.23 million tonnes in January amid strong demand for gas-to-power generation to in replacement for closed nuclear plants.