The only way for utilities to meet demand as they retire coal-fired power plants will be to build a host of new natural-gas fired units, Deutsche Bank Vice President and Climate Change Research Analyst Nils Mellquist says in this Breaking Energy podcast.
Mellquist speaks here with Breaking Energy’s Felicity Carus after a presentation at the Ceres conference in California where he said the US had the potential to become the “Saudi Arabia of gas.” Keep reading →
Live tweeting: @petergardett “Much of today’s power generation was built for yesterday’s grid” says #GE VP Steve Bolze in Paris now @AOLenergy
The US is poised to become the Saudi Arabia for natural gas and has the potential to quickly become a net exporter as shale reserves are exploited.
“It’s clear from the supply side that the US is the Saudi Arabia of gas we have based on the most recent estimates at least 40 years of supply from shale alone based on current demand in the economy,” Deutsche Bank vice president and senior research analyst Nils Mellquist told Breaking Energy. “China has around 400 years of supply based on their relatively modest gas demand.” Keep reading →
From far away, it may appear no different than any other oversized ship in the yard.
Shell announced on Friday that it would be building the world’s first floating liquefied natural gas (FLNG) facility, located some 125 miles off Australia’s shores and estimated to be 1,600 feet long and weigh 600,000 tons when filled to capacity. Keep reading →
NRG Energy is a massive and diverse power generation company with assets ranging from lignite coal-fired units in Germany to solar generation in California. Keep reading →
The US energy sector has a surprising amount of Canada in it.
Canada’s energy industry is a major driver of that country’s economy, even in areas where development of new fuel resources isn’t the focus. Cheap hydropower helps underpin the manufacturing sector in the Eastern part of the country, while access to a vast array of natural resources in Alberta and British Columbia are major parts of the western provincial economies. Keep reading →
President Obama used his Saturday address to the American public to further mark out his approach to energy policy, despite a retreat in oil prices back below $100/barrel that has taken some of the immediate pressure off the Administration to act.
Along with advocating for the repeal of $4 billion in tax subsidies to oil and gas companies, Obama called for investment in “clean, renewable sources of energy that are the ultimate solution to high gas prices.” Keep reading →
It’s “complicated.” Keep reading →
It has become commonplace in America to read about companies moving their jobs and operations overseas, in search of less expensive pastures.
But here is one story you likely haven’t heard: our company recently spent nearly $200 million to build a world-class facility, to produce gas turbines in North Carolina. It will create 1,000 direct new jobs and more than 2,000 indirect ones. It will actually cost us less to build these turbines in Charlotte than in any of our other manufacturing sites, even Shanghai, despite paying competitive U.S. wages. Keep reading →
The first high-profile spill at a natural gas hydraulic fracturing operation is proving to be no “Macondo” Gulf spill for the industry, which is pressing ahead on an sector-transforming drilling program.
Growing reliance by electricity generators on natural gas is unlikely to be weakened by reports of air and water contamination by the booming shale-gas industry, even after an April 20 gas well blowout in Pennsylvania renewed concerns that the hydraulic fracturing (“fracking”) technology used to harvest shale gas is a threat to water quality, power-industry analysts said. Keep reading →
