From Reuters An inexorable decline in spot market prices for liquefied natural gas (LNG) is pushing utilities in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices, lawyers and analysts said. The utilities are also looking to buy more LNG on the spot market, where prices LNG-AS are plumbing three-year lows and
By Tyler Losier, Energy Reporter, Oil & Gas 360 Secretary of State Mike Pompeo announces sanctions for Zhuhai Zhenrong and its chief executive The United States government will be imposing sanctions on Zhuhai Zhenrong Company Limited, a state-run oil company in China, and its chief executive for purchasing crude oil from Iran. On Monday, Secretary of State Mike Pompeo announced
From the Washington Examiner A new report on nuclear energy could ignite debate on Capitol Hill over whether to allow renewable energy subsidies to sunset, or renew them as Democrats are seeking to do. The free-market Manhattan Institute’s latest report on nuclear energy says the best thing Congress can do to help nuclear energy is to eliminate both subsidies for wind and
By Tyler Losier, Energy Reporter, Oil & Gas 360 Renewables edge out coal for the first time in U.S. history This April, for the first time in U.S. history, monthly electricity generation from renewable sources exceeded that of coal-fired means, according to the EIA. More precisely, coal was responsible for about 20% of the nation’s electricity, whereas renewables such as
Company is expanding wind generation, using nuclear energy, adding a natural gas plant Xcel Energy announced plans today to retire its last two coal plants in the Upper Midwest a decade earlier than scheduled. Xcel plans to expand wind and solar, using natural gas and operate its carbon-free Monticello nuclear plant until at least 2040. If approved, the plan would
From Power Magazine The world’s first AP1000 nuclear reactor—Sanmen 1 in China’s Zhejiang province—commenced 100% power operation for the first time on August 11, China National Nuclear Corp. (CNNC) said. Sanmen 1 was connected to the grid on June 30. Earlier this year, China also put online Unit 5 of the Yangjiang Nuclear Plant on May 23, and Taishan 1, an EPR, on June 29. According
Gas-powered generation companies unhappy about administration’s coal and nuclear power bailout plans From US News President Trump’s most recent move, an announcement last week that his administration will once again try to prop up ailing coal and nuclear plants, drew widespread condemnation from a diverse array of groups and experts across the political spectrum – including the CEO of the country’s
While Germany continues to phase out both nuclear and coal, natural gas will remain a baseload and backup fuel From Power Magazine Germany’s Social Democratic Party (SPD) members agreed to join their longtime rival and governing partner, the Christian Democratic Union (CDU), and reluctantly entered into a third grand coalition government on March 4. While this ended months of anxious
The changing face of energy: new jobs in the broad energy sector Powering the industrial base, fueling all modes of transportation including the nation’s food distribution system, and setting the table for national economic growth—filling jobs in the energy industry is critical to the future economic success of the U.S. Energy-related job openings are changing. New jobs are growing fast, and
43 years after the start of initial construction, the Watts Bar 2 nuclear reactor is set to begin operations The first United States’ nuclear power plant to come online in two decades was connected to the power grid June 3, making it the first reactor to meet new guidelines set by the U.S. Nuclear Regulatory Commission (NRC) following the Fukushima
Additions to capacity would give China the third largest nuclear capacity worldwide China plans to reach a nuclear capacity of 58 gigawatts (GW) and have another 30 GW of capacity under construction by 2020 in a push to reduce carbon emitting fuel sources. The added nuclear capacity would make China’s nuclear supply the third largest in the world following the
Nuclear and Hydro are Top Carbon-free Sources Europe’s share of electricity from sources that generate little or no carbon dioxide is now at 56%, according to the EIA. France, Iceland, Norway, Sweden, and Switzerland top the list of European “no-carbon” states, with each country generating more than 90% of their net electricity from no-carbon sources in 2012. Eight other countries
