Ukraine increases gas imports via Transbalkan route amid intensifying Russian strikes
Import data from transit operators shows that Ukraine will dramatically increase its gas imports via southern Transbalkan route, which links it to Greece on Friday in order to replace supplies lost because of Russian attacks. In recent months, drone and missile attacks on Kyiv's infrastructure has forced it to import 4 billion cubic meters of additional gas to cover the gap. Operator data indicated that Ukraine anticipated to import 2…
After 0.2% price cap increase, energy bills for most Britons are on the rise
The regulator Ofgem has announced that it will increase its domestic price caps by 0.2% in January, due to increased policy costs. The government will suffer a setback, even though the increase is small. It has promised to lower energy prices, and it faces pressure next week to unveil budget measures to help reduce household bills. The increase is due in part to an addition of nearly one pound per bill to pay for the new Sizewell nuclear plant…
China's electricity consumption in October is up 10.4% due to a surge in household power usage
The energy regulator reported that China's power consumption in October was up 10.4% compared to the same period last year. This increase is attributed to a surge in consumption by households, industries such as information technology, and consumers who charge and swap batteries. In a Wechat posting, the National Energy Administration (NEA), said that October's power consumption totaled 857.2 billion kilowatt hours (kWh).
China's first coal-to-chemicals project with green hydrogen begins commercial operations
According to a report by state-run CCTV, China's first project for coal-to chemicals that integrates green hydrogen began commercial operations on Friday. Cao Guoan, station manager at CCTV, said that the project, operated by state-owned energy producer Datang Group is expected to produce 70,59 million cubic meters of hydrogen per year. He didn't say how much coal the plant currently produces or if it will also produce other chemical derivatives.
India's top solar regulator blocks 3.2 GW of coal power plant, citing clean-energy push
A filing revealed that the power regulator in Rajasthan, India’s largest solar producer, refused to approve a 3,200 megawatt coal project. The regulator said it was against clean energy goals, and lacked justification based on demand forecasts. In an order published Thursday, the Rajasthan Electricity Regulatory Commission announced that it had rejected a petition filed by state…
India's top solar regulator blocks 3.2 GW of coal power plant, citing clean-energy push
A filing revealed that the power regulator in Rajasthan, India’s largest solar producer, refused to approve a 3,200 megawatt coal project. The power regulator said it was against clean energy goals, and lacked justification based on demand forecasts. In an order published Thursday, the Rajasthan Electricity Regulatory Commission announced that it had rejected a petition filed by…
Siemens Energy gives investors $11.5 Billion as the power market booms
S iemens Energy announced on Thursday that it will return up to 10 billion euro ($11.5 billion), to its shareholders by the year 2028, on the backs of booming demand in power infrastructure equipment. This has boosted the company's shares to a new record high. Siemens Energy announced that up to 6 billion euro would be spent on a share-buyback program, while the remainder will go towards dividends. This announcement was made as part of an event celebrating the U.S.
Are renewables prepared for the COP30 discussion on fossil fuels?
At the climate summit, it may be premature to declare the end to the fossil fuel age. But up to 80 nations are calling for a concrete plan that will move us away from polluting energy. The 195 countries at the COP30, including the oil producers, will have to agree on a plan to reduce oil and gas consumption. There are also practical challenges to overcome, as the demand for electricity is expected to rise due to the increase in artificial intelligence…
Celtic Sea floating wind farm to be developed by EDP and Engie Ocean Winds
Crown Estate, Britain's Crown Estate, announced on Wednesday that Ocean Winds, an Ocean Winds joint venture between Portugal’s EDP Renewables (EDP) and France’s Engie (Engie), has won the seabed lease rights for a floating wind farm of 1.5 gigawatts in the Celtic Sea, off the coasts of Wales and South West England. The UK aims to decarbonise the electricity sector by 2030 in order to reduce its reliance upon fossil fuels, as well as to drive down costs.
Sierra Club takes on fossil fuels in the US electricity grid
The Sierra Club announced on Tuesday that it is challenging the decision of a U.S. Federal Energy regulator to expedite connecting fossil fuel power stations to major electrical grids, at the expense renewable energy. The environmental group submitted a petition to the D.C. Circuit Court of Appeals will review the Federal Energy Regulatory Commission (FERC)'s decision to allow the Southwest Power Pool to accelerate the interconnection of mostly coal fuel generation.
US data center demand will raise power risks in winter, says regulator
The North American Electric Reliability Corporation warned on Tuesday that the growing power demand from data centers will shrink U.S. energy supplies, increasing the likelihood of an energy shortage if winter weather is extreme this year. Electricity use in the U.S. is increasing faster than the supply of power. This is due to the rapid proliferation of data centres, as well as the electrification and modernization of buildings and transport.
Syria signss gas cooperation agreement with ConocoPhillips & Novaterra
Syria's Energy Ministry announced on Tuesday that the Syrian Petroleum Company and U.S. ConocoPhillips have signed a Memorandum of Understanding to expand their cooperation in natural gas. Syria produces only a fraction (of the electricity needed) of what it requires today due to the destruction caused by its 14-year civil conflict. However, the power supply has significantly improved in recent months, thanks to gas imported from Azerbaijan, and Qatar.
Bousso: TotalEnergies' ROI-TotalEnergies power play shows Big Oil how to make energy transition work
TotalEnergies of France is betting heavily on renewables and power, positioning itself as a leader in the global energy demand wave. It also offers investors an alternative to its rivals who are doubling down on gas and oil. Since 2022, the strategies of European oil companies have been in a constant state of flux. The sanctions and full-scale Russian invasion of Ukraine created…
EUROPE GAS-Prices in Europe rise due to cold weather.
The price of Dutch and British gas contracts increased on Tuesday morning, as the cold weather across Europe boosted demand for gas heating and increased withdrawals. LSEG data shows that the benchmark Dutch front-month contract was up 0.35 euros at 31.75 Euro per megawatt hour at TTF hub, or $10.78/mmBtu by 0901 GMT. The British day-ahead price of gas rose 1.50 pence, to 83.75 p/therm. Meanwhile, the front-month contract increased by 1.02 pence.
Bousso: TotalEnergies' ROI-TotalEnergies power play shows Big Oil how to make energy transition work
TotalEnergies of France is betting heavily on renewables and power, positioning itself as a leader in the global energy demand wave. It also offers investors an alternative to its rivals who are doubling down on gas and oil. Since 2022, the strategies of European oil companies have been in a constant state of flux. The sanctions and full-scale Russian invasion of Ukraine created…
Colder weather increases demand for spot prices
The European spot electricity prices rose for Tuesday on the expectation that colder weather forecasts will increase demand for heating. LSEG data shows that the German baseload day-ahead power price at 0846 GMT was 103.55 Euro per megawatt-hour, an increase of 9.3% over Friday's closing price for Monday delivery. Data showed that the equivalent French price for Monday delivery was 92 euros/MWh. This is 44.7% higher than the Friday price.
Inox Green, India loses grid access to 300 MW of wind power project after regulators back revocation
Inox Green Energy Services, an Indian developer of clean energy, has lost grid connectivity after it failed to complete its 300 megawatts (MW) Gujarat wind project on time. In an order dated on Monday, the Central Electricity Regulatory Commission, (CERC), upheld the disconnection of the country's Grid Connectivity Authority, saying that the firm failed to achieve financial close or make significant advances despite multiple extensions.
Kuwait's latest tender invites bids on a new 0.5-GW Solar Project
Kuwait invited pre-qualified consortiums to submit bids for a new solar power project of 0.5 gigawatts, which aims to expand clean energy generation in the Gulf State. Kuwait Authority for Partnership Projects announced in its official gazette on Sunday that the second tender of the year will cover the Al Dibdibah Power & Al Shagaya Renewable Energy Phase III - a Zone 2 Solar Power PV Independent Power Project.
Zelenskiy: Ukraine and Greece agree on gas imports
The President Volodymyr Zelenskiy announced on Sunday that Ukraine would receive gas imports to cover its winter requirements from Greece. He also pledged to secure almost 2 billion euros in order to counter Russian attacks on the domestic production. He said that he had already reached an agreement with Greece regarding gas supplies to Ukraine. This will provide another route for gas imports during the winter.
Germany reduces plans for new gas-powered generation as part of the decarbonisation compromise
Germany has reduced the amount of gas fired power capacity that it plans to develop, to about 10 gigawatts. This is half of what was planned at the beginning of the year. The goal is to strike a balanced between decarbonisation, and supporting intermittent renewables. Friedrich Merz, the conservative Chancellor and his Social Democrat coalition partner reached a decision late Thursday night.