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Crude Oil
Opec+ Needs Cumulative 2.3mn b/d of Compensation Cuts
Opec+ members that exceeded their crude production ceilings in May-July went over their quotas by a cumulative 2.3mn b/d and will need to compensate for this ex…
Hydrogen Fuel Cell
Australian Demonstration Project will Convert Biogas to Hydrogen
Australia-based Hazer Group on July 31 announced its board has made a final investment decision to proceed with the development of a commercial demonstration pl…
Russian Federation
Poland Fines Gazprom $57 million over Nord Stream 2
Poland’s antimonopoly watchdog UOKiK said on Monday it had fined Gazprom 213 million zloty ($57 million) (GAZP.MM) for lack of cooperation in its proceedings w…
LNG
Consortium-Led LNG to Power Project in Myanmar Gets Approval
A consortium of Marubeni, Sumitomo, Mitsui, and Eden Group has received a notice to proceed with an LNG power plant in Myanmar.
Market Analysis
EU Records Highest-Ever Use of Renewables for Powergen
Renewables have exceeded fossil fuels for electricity generation in the European Union (EU) for the first time, according to new research from London-based thin…
Direct purchase- lease of other machinery
Tenders are invited for Direct purchase- lease of other machinery and equipment consisting of internal movement of power transformers in se quetzaltenango of th…
Energy Storage Battery
GS Yuasa Exceeds 4,000,000 Watt-Hours of Li-ion Energy Storage in Space
GS Yuasa Lithium Power announced today that GS Yuasa Technology’s “LSE” lithium ion cells have exceeded 4.0 MWh of energy storage on orbit.
China Energy
CEEC Signs EPC Contract for Ethiopian 100 MW Solar Power Plant Project
The project is the first phase of the construction of a 500 WM Solar power plant in the Awash 55 area of eastern Oromia, Ethiopia.
Market Analysis
Europe's Wind & Solar Installations Will Need Grid Flexibility to Succeed:WoodMac
And the success of Europe's transition to net-zero emissions will hinge on the flexibility of its power system.
LNG
Gazprom Threatened with 50 mln Euro Fine by Polish Regulator for Lack of Cooperation
"President of the Office of Competition and Consumer Protection initiated proceedings against Gazprom for lack of cooperation during an anti-trust investigation…
Energy Transition
Dubai's Energy Transition Beats 2020 Target
Dubai Electricity and Water Authority has announced that the emirate's transition to clean energy, targeted at 7% for 2020, has been exceeded, with 9% of the re…
Hydropower Plant
Singrobo Hydropower Project to Deliver Electricity Under a 35-Year PPA
An Africa-focused power company Themis Group announced it has issued a Full Notice to Proceed (FNTP) with construction of the 44MW Singrobo Hydropower Project, …
Wind Turbine
Wind Turbine Market Hits a New Supply Record
The size of wind turbines continues to rise, with the average rated capacity of new turbines exceeding 1,750 kilowatts in 2019, an increase of 72% from 2009 to …
Market Analysis
China's New Grid Capacity Likely to Exceed Solar Demand
China could accommodate nearly 50GW of new solar PV capacity this year, new analysis has revealed.
Coal Price
Effects of Lower Coal Prices Only Partially Reflected in 1Q20
As average coal input prices exceeded our estimate due to lower utilization rates at coal power plants, KEPCO’s 1Q20 results fell short of our estimates.
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