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Home2022October

Month: October 2022

LNG
International News

Global LNG floating storage hits record high on steep contango ahead of winter

October 5, 2022 Mariel Alumit

The number of LNG carriers being used as floating storage globally has hit a record high as oil majors, commodity traders and other energy companies hold onto LNG cargoes and vessels ahead of peak winter […]

German
Energy Policy

German minister criticizes U.S. over ‘astronomical’ natural gas prices

October 5, 2022 Mariel Alumit

Germany’s economy minister has accused the U.S. and other “friendly” gas supplier states of astronomical prices for their supplies. He suggested some gas suppliers were profiting from the fallout from the war in Ukraine which […]

China
International News

China turns on the world’s largest compressed air energy storage plant

October 5, 2022 Mariel Alumit

The world’s largest and, more importantly, most efficient clean compressed air energy storage system is up and running, connected to a city power grid in northern China. The clean energy revolution will require huge amounts […]

France’s
International News

France’s nuclear energy strategy — once its pride and joy — faces big problems this winter

October 5, 2022 Mariel Alumit

Deep-rooted problems with France’s nuclear-heavy energy strategy are raising serious questions about its winter preparedness. A long-standing source of national pride, France generates roughly 70% of its electricity from a nuclear fleet of 56 reactors, […]

LNG
Exports

Importance of new gas supply to Australian economy underscored by upgrade for LNG exports

October 5, 2022 Mariel Alumit

A new record forecast for LNG exports shows the importance of bringing on new gas supply to Australia’s economy, with strong international demand for its resources helping governments fund public services and infrastructure while underpinning […]

Nuclear
ESG

Investors weigh the nuclear option

October 5, 2022 Mariel Alumit

CRITICAL MASS — Nuclear power is at a tipping point. A wave of reconsiderations by governments and utilities have nuclear advocates hoping it will emerge from the purgatory that it’s been in. “Nuclear should be getting […]

World
Climate Crisis

What The World Needs To Realize Ahead Of COP27

October 5, 2022 Mariel Alumit

Climate adaptation initiatives fall short as most efforts are focused on the power generation sector. A new, and more realistic approach to a future energy mix is needed. Global energy security is a key subject […]

European
International News

European Renewable Energy Supply Chain Under Threat

October 5, 2022 Mariel Alumit

Record-breaking electricity prices across Europe are damaging the continent’s attempts to build a reliable low-carbon supply chain and reach its decarbonization targets, as solar and battery manufacturers face mounting costs. Rystad Energy research shows that […]

UK
International News

Lord Callanan on Streamlining UK Offshore Wind Permitting: There Is No One Silver Bullet to Solve the Problem

October 5, 2022 Mariel Alumit

The UK is keen on speeding up the buildout of offshore wind farms in its territorial waters, a goal that was more firmly set in the new Growth Plan that contains a list of offshore […]

Aker Solutions
International News

Aker Solutions and Balfour Beatty Enter Offshore Wind Partnership in UK

October 5, 2022 Mariel Alumit

Norway-headquartered Aker Solutions and the construction company Balfour Beatty have signed a Memorandum of Understanding (MoU) to deliver end-to-end design and construction services to the UK offshore wind industry. Under the MoU, the partners will […]

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