Month: November 2020

According to data collected by the U.S. Energy Information Administration (EIA), project developers expect more than 23 gigawatts (GW) of wind turbine generating capacity to come online in the United States in 2020, far more than the previous record of 13.2 GW added in 2012. Only 5.0 GW of capacity has come online in the first eight months of this year, according to EIA’s Preliminary Monthly Electric Generator Inventory, but as is typical with wind turbine installations, most of the annual capacity additions come online in the final months of…

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Talks between OPEC and its allies are zeroing in on a delay to next year’s planned oil-output increase of three to six months, according to several delegates. Saudi Arabia and Russia, leaders of the 23-nation coalition, have already indicated publicly that they are thinking twice about easing production cuts in January as the resurgent pandemic hits fuel demand. The presidents of both Russia and the Organization of Petroleum Exporting Countries have even mentioned the option of cutting production deeper. This idea hasn’t garnered widespread support so far among other members,…

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ISLAMABAD: In a turning point in the pricing of regasified liquefied natural gas (RLNG), the Oil and Gas Regulatory Authority (Ogra) on Wednesday reduced to about 6.3 per cent — from about 17pc in the past — the cost of losses in tariff through a majority decision. In doing so, the regulator also notified the RLNG price for last four months — August to November — that had been withheld due to lack of Ogra quorum and disagreement among two remaining members. The decision is estimated to have provided about…

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