Month: April 2021

South Korea’s energy ministry said April 27 that the country’s LNG demand is expected to rise 15.1% through 2034 on the back of higher LNG demand for bunkering and hydrogen fuel cell cars, as well as a government-led push to reduce power generation by coal and nuclear. The country’s LNG demand is forecast to grow to 47.97 million mt in 2034, compared with this year’s estimated consumption of 41.69 million mt, the Ministry of Trade, Industry and Energy said in its Long-term Natural Gas Supply Plan. LNG demand for power…

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A study performed by the Power Bureau, led by former Illinois Power Agency Director Mark Pruitt, finds that fully funding the expansion of Illinois’ renewable energy program will result in lower electric bills for Illinois ratepayers. The study, “Cost Analysis of Renewable Energy Deployment in Illinois,” compared the additional funding needed to reach a 40% renewable energy goal with the impact the additional renewables would have on wholesale energy and capacity prices, and the direct savings realized by rooftop and community solar customers. It found that reaching 40% renewable energy will…

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Earth Week has come and gone, leaving behind an ankle-deep and green-tinted drift of reports, press releases, and earnest promises from C.E.O.s and premiers alike that they are planning to become part of the solution. There were contingent signs of real possibility—if some of the heads of state whom John Kerry called on to make Zoom speeches appeared a little strained, at least they appeared. (Scott Morrison, the Prime Minister of Australia, the most carbon-emitting developed nation per capita, struggled to make his technology work.) But, if you want real…

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Malaysia’s state oil firm Petroliam Nasional Bhd has expanded its global liquefied natural gas (LNG) fleet with three newbuild 174,000 cubic metres vessels, the company said on Thursday. The firm has signed an agreement with shipowner Hyundai LNG Shipping for the vessels that are expected to be delivered from the second quarter of 2024 and will mainly be used to lift cargoes from LNG Canada, Petronas said. Petronas said this will enlarge its global LNG fleet to 27 vessels from 24, and help deliver LNG to over 25 countries from…

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The government has extended the Commercial Operations Date (COD) of 660 kV HVDC Matiari – Lahore Transmission Line CPEC portfolio project from 1st March to 1st September 2021. Federal Minister for Energy (Power Division) Muhammad Hammad Azhar witnessed the agreement signing ceremony of addendum /amendment in agreement for 660 kV HVDC Matiari – Lahore Transmission Line Project between NTDC and Pak MLTC and amendment No 1 to the Implementation Agreement (IA) between Private Power & Infrastructure Board (PPIB) and the Project Company i.e. Pak Matiari-Lahore Transmission Company (Pvt) Ltd (PMLTC)…

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