Latest Energy News
Policy & Regulatory
Argentina considers minimum oil price of US$45/bbl for local production
23 Apr 2020The Argentinian government plans to set a minimum oil reference price for local producers at US$45/bbl, with the objective to increase domestic production and to limit imports. The country would take the price of Medanito, a light crude from the basin of Neuquén, as a reference. According to the draft of the presidential decree, the minimum oil reference price would be applied retroactively from 1 April 2020 and would remain in place until 31 December 2020.
Read moreEstonia, Finland, Latvia and Lithuania move ahead with regional gas market
23 Apr 2020The governments of Estonia, Finland, Latvia and Lithuania, along with their energy regulators and gas transmission system operators (TSOs) have approved a roadmap on regional gas market integration, on order to improve the security of supply in the region, market liquidity, integration and competition, and to ensure affordable gas prices and high quality service for all consumers in these countries.
Read moreCompanies
AES Tietê rejects Eneva’s merger proposal (Brazil)
23 Apr 2020The Brazilian power generation company AES Tietê, a subsidiary of AES Corporation, has rejected the BRL6.6bn (US$1.25bn) cash and shares merger offer made by Eneva in early March 2020, considering that its terms and conditions were inappropriate for the interest of the company and that their strategies were incompatible.
Read moreEnergy & Climate Markets
The US was a net exporter of energy in 2019 for the 1st time in 67 years
23 Apr 2020In 2019, the United States exported 23.6 quadrillion Btu (quads) (595 Mtoe) of energy and imported 22.8 quads, while it imported 22.8 quads (575 Mtoe, the lowest level since 1995), thus becoming a net exporter of energy for the first time in 67 years. The change in US energy trade balance is mainly due to a decline in net imports of crude oil (-31%, due to rising exports and declining imports). In addition, natural gas gross exports rose by 29% and imports fell by 5%. The United States remained a net exporter of coal, but imports rose by 12% while exports fell by 20% in 2019.
Read moreJAPC seeks regulatory approval to restart Tokai-2 nuclear reactor (Japan)
22 Apr 2020Japan Atomic Power Company (JAPC) has submitted an application to the Nuclear Regulation Authority (NRA) for pre-use inspections of its 1,060 MW Tokai-2 nuclear reactor in the Ibaraki prefecture of Japan, which would be the final regulatory approval in the restart procedure.
Read moreSwitzerland’s power generation increased by 6.4% in 2019
22 Apr 2020According to the Swiss federal council, electricity consumption declined by 0.8% in 2019 to 57.2 TWh, due to improvements in energy efficiency. Power generation rose by 6.4% to 71.9 TWh (67.8 TWh for net generation, i.e. after deducting electricity consumption due to pumped storage) thanks to an increase in the production of hydropower plants (+8.4%) and nuclear power plants (+3.5%).
Read moreInfrastructure & Investments
Petropars plans to start gas drilling at SP phase 11 in June 2020 (Iran)
23 Apr 2020Petropars, an affiliate of the National Iranian Oil Company (NIOC), plans to start drilling operations at South Pars phase 11 (SP11) by late June 2020. SP11 is expected to have a production capacity of 2 bcf/d (over 56 mcm/d or 400,000 boe/d) of gas as of 2021.
Read moreThe US FERC authorises Cameron LNG to commission its third LNG train
23 Apr 2020The US Federal Energy Regulatory Commission (FERC) has authorised Cameron LNG to feed gas into the third train of its liquefaction and export project in Hackberry, Louisiana (United States) and to start commissioning process.
Read moreChenya Energy reaches financial close for 181 MW floating PV park (Taiwan)
23 Apr 2020Chenya Energy, a Taiwanese solar project developer, has reached financial close for a 181 MW floating solar project at the Changhua Coastal Industrial Park, in Taiwan. The company has secured TWD7.2bn (US$239m) for the project and plans to complete it in 2020. The project would be one of the largest floating PV parks in the world.
Read moreCGN selects turbine supplier for a 400 MW offshore wind project (China)
23 Apr 2020Chinese wind turbine manufacturer MingYang Smart Energy has signed an agreement to supply 64 MySE6.25-180 wind turbines for the 400 MW Huizhou Gangkou Phase 1 and 2 offshore wind project, developed by General Nuclear Power Corporation (CGN) off the coast of Huidong County of Guangdong Province (China). First deliveries are expected to start in October 2020 and construction should be completed by August 2021. The wind project is scheduled to be connected to the power network in June 2022.
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