Sakhalin Energy, the consortium that operates the Sakhalin II LNG project in Russia, is seeking higher prices for LNG sales from Korea’s Kogas, the world’s largest LNG buyer, sources have told Bloomberg. The contract is linked to Brent crude prices, which have risen substantially since it was signed eight years ago. The article indicates that Kogas… Keep reading →
Jellyfish in the cooling water intake have forced the shutdown of Sweden’s largest nuclear reactor, which generates about 10% of the country’s electricity. As bizarre as this sounds, jellyfish have caused problems at power plants in several countries, including the US. [CNN] Malaysian Prime Minister Najib Razak said that state-controlled energy company Petronas is going… Keep reading →
Only Saudis & Russians pump more oil According to the International Energy Agency (IEA), US will surpass Russia in total production of liquid fuels in 3rd Qtr. 2013 – that includes crude oil plus biofuels like ethanol. Moreover, US is now the third largest crude oil producer behind Saudi Arabia and barely trailing Russia. Saudi… Keep reading →
On the heels of Europe’s economic crisis the continent finds itself paying more for dirtier, less reliable electric power, Eon’s chief executive Johannes Teyssen recently told the Financial Times. The chief of Germany’s largest utility described an American competitive advantage in energy that Europe is unlikely to replicate for several years, if at all. “There… Keep reading →
A regulatory framework that penalizes carbon dioxide emissions would improve nuclear’s competitiveness in the US, but greater policy clarity may be required for new nuclear investments to replace shuttered facilities like San Onofre and Yankee. Nuclear is not without its detractors, which have a laundry list of concerns, ranging from potential for terrorist attacks to… Keep reading →
Today, the future of America’s energy policy seems to have been put on the back burner. Yet energy issues are directly tied to the economic future and security of the U.S., and it is important that the American people fully understand the impacts and costs associated with implementing sound energy policy. Among the challenges in… Keep reading →
“The Christian Coalition believes that energy efficiency is a family value issue,” writes the group’s CEO in an op-ed. Whether or not you follow the logic, it will be interesting to see whether this helps advance efficiency legislation in Congress. [The Hill] Germany is finding out that its efforts to shift toward cleaner energy – while cutting… Keep reading →
US Energy Secretary Ernest Moniz has alluded to the promise of small modular reactors (SMRs) multiple times over the past few months, noting that they may offer benefits in terms of financing, costs and security, but warning that realistic expectations suggest these reactors are unlikely to come onstream for almost a decade. “We remain very… Keep reading →
“There has rarely been a more compelling time to invest in energy,” said Barclays analysts in their latest Global Energy Outlook, released this morning. Here are four key takeaways: Oil price risk has swung from downside to upside, thanks to geopolitical risk. Geopolitical risk has supplanted US production growth as the big global story in… Keep reading →
Magnetically-levitated train breaks speed record in Japan. The $90 billion project is far from complete, but without wheel friction, these trains will require far less energy while sustaining less wear and tear, which drastically cuts maintenance costs. But don’t expect to see one in the US anytime soon. [Grist] New report discusses US clean energy… Keep reading →
