Japan’s recent deal to import US LNG at Henry Hub benchmark prices appears largely symbolic, but is important for the sector as it could represent the beginning of a larger trend away from oil-linked LNG prices for the world’s largest LNG importer.
“They [the deal's negotiators] were very surprised they were able to pull it off,” a source familiar with the negotiations recently told Breaking Energy. Keep reading →
In the latest illustration of the potential of the Marcellus Shale to boost regional energy supply, two natural gas-fired power plants are being planned for the heart of northern Pennsylvania’s shale country.
If they go into operation as planned by early 2016, they would be the state’s first plants to be powered by gas from the Marcellus, the massive Appalachian formation that’s estimated to contain enough of the fuel to meet total US needs for 20 years or more, at current consumption rates. Keep reading →
A billion dollars of investment later, US engine manufacturer Pratt & Whitney has begun flight testing its PurePower Geared Turbofan Engines. The new technology lowers fuel consumption, noise signature, greenhouse gas emissions and maintenance costs.
“The engine used a lot less fuel than we expected, we had to adjust the fuel load for the next flight,” Marc Kirner, Director of Flight Operations for Pratt & Whitney Canada told reporters at a recent media event in Hartford, Connecticut. Keep reading →