Record heatwaves across Europe are driving up electricity prices to multi-year highs due to increased demand for cooling and power plant outages. Great Britain is importing electricity at significantly higher costs, while Germany and France also face soaring market prices.
An explosion at a gas processing plant in Qatar's Ras Laffan Industrial City killed 13 people, including 12 Indian nationals. The incident, which occurred late Sunday, is being investigated as an accident. Injured individuals are receiving medical treatment.
Microsoft and Chevron will build a 2.67 GW natural gas power plant in West Texas to supply electricity for Microsoft's AI and cloud data centers under a 20-year agreement. This marks a significant step for Microsoft's sustainability goals.
An explosion at a gas processing plant in Qatar's Ras Laffan industrial zone on June 21 resulted in at least 13 deaths and 66 injuries. The interior ministry stated the blast was caused by a technical accident, with no hazardous substance leaks. Qatar's Energy Minister confirmed it was not sabotage and will not impact natural gas exports.
An explosion at a gas processing plant in Qatar's Ras Laffan industrial area has injured 54 people, with 18 still missing. The incident, which caused tremors felt in Doha, occurred at the Barzan gas plant due to an operational error.
India anticipates safe passage for 34 stranded ships in the Persian Gulf following the successful transit of LNG carrier Disha through the Strait of Hormuz. While 16 ships carrying fertilizers are expected to reach Indian ports, immediate relief from improved energy supplies is uncertain due to damage at Qatar's Ras Laffan and UAE's Habshan facilities.
India anticipates safe passage for 34 stranded ships in the Persian Gulf after the LNG carrier Disha successfully navigated the Strait of Hormuz. The transit raises hopes for improved energy and fertilizer supplies, despite facility damage in Qatar and UAE.
There will still be a need to have gas in the wings to keep the lights on, so the financials stack up on Severn plant purchaseThe eye-catching non-Hormuz news in energy-land last month was that Great Britain is set for a record-breaking summer for wind and solar power generation. The national energy system operator even thought there could be periods – a sunny weekend or a bank holiday afternoon of low demand, for example – when more renewable power would be available than the electricity grid needed.So, on the face of it, it is an odd moment for Centrica, owner of British Gas, to fork out £370m to buy a 16-year-old combined-cycle gas turbine plant in south Wales. After all, the government’s clean power plan imagines that, come 2030, Great Britain’s entire fleet of gas plants will be used to generate only 5% of its electricity, down from 31.5% in 2025. Continue reading...
