The Chevron-Apache Kitimat LNG export project in British Columbia has the potential to capitalize on Canada’s vast natural gas resources, as well as the proximity of its western coast to Asian markets. But it is also up against competition from producing countries like Australia, where the buildout of LNG export infrastructure is already well underway,… Keep reading →
ConocoPhillips, the largest oil and gas producer in the state of Alaska, is mulling exports of Alaska North Slope crude to Asian markets, where the company may find better returns than on the US West Coast. “We do have the flexibility, if we want to use it, to take ANS cargoes to Asia,” said chief… Keep reading →
The world uses about 91 million barrels of oil per day. And most forecasts suggest that oil consumption will rise over the next few decades, driven in large part by growing demand for transportation fuels, especially in Asia. Norway’s state-owned oil company, Statoil, predicts that oil demand will peak at around 105 million bbl/d in… Keep reading →
The ongoing controversy over the proposed Keystone XL Pipeline linking Alberta’s oil sands to US markets covers a vast amount of factual territory, from refinery configuration to logistics to international crude oil trading to carbon dioxide emissions. But at times, all of these issues take a back seat to the emotional, or symbolic, component of… Keep reading →
That global oil demand hit record levels last year is not breaking news. But the US Energy Information Administration highlighted an important trend today, one that features in conversations about the future of energy consumption perhaps less frequently than it should. Demand growth in Asia, Central and South America and other regions has been strong enough… Keep reading →
The North American gas shale revolution’s medium-term impact on global markets will be realized through exports of the fuel itself, rather than the technology to access it, according to International Energy Agency Executive Director Maria Van Der Hoeven. “The unconventional gas revolution in the US will impact gas markets over the medium term more by… Keep reading →
An interesting new report from Pike Research puts a spotlight on virtual power plants (VPPs) which, while not a new concept, appear to be ready for prime time. Pike’s research suggests that after a decade of pilot projects testing and validating VPPs as a smart grid platform, we will see significant growth over the next few years.
Pike is forecasting the total worldwide capacity of VPPs will jump from 3,800 megawatts this year to 15,400 MW by 2020 – a five-fold increase. Keep reading →
Steams rises from the Kawasaki natural gas power station in Kawasaki city, Kanagawa prefecture, south of Tokyo on August 25, 2011.
Japan’s Fukushima disaster, with the subsequent shutdown of most Japanese nuclear power plants, mean US exports of liquefied natural gas (LNG) to Asia will be profitable to 2020 – but maybe not beyond. Keep reading →
Rising populations and limited access to electricity in much of Asia is heightening local pressure to do more with less when it comes to power supply, and utilities are eyeing connecting 300 million more smart meters by 2016 in the region, Trilliant Managing Director for the Asia Region Bryan Spear told Breaking Energy in a recent call. Keep reading →
While many countries are trying to wean themselves off expensive and dirty fossil fuel energy, much of the world is still waiting on any type of electricity. Some 1.4 billion people lack access to electricity, and rather than start them down the same path we’re trying to get off, the hope is that they can forgo the journey and just relax at the renewable-energy finish line.
However, as one would expect, it’s not as simple as installing huge wind and solar farms throughout parts of Africa and Asia. Most of the people in need of electricity live in rural areas, lacking infrastructure to connect to a power grid or the upfront money to install solar locally. Keep reading →