Category: Energy News Beat

Major investment extends Scottish power station’s life by 40 years

Energy News Beat Tummel Bridge Power Station in Perthshire has been officially reopened by Scotland’s First Minister, John Swinney, following a £50 million upgrade by SSE Renewables. The refurbishment involved installing new hydro-electric turbines, which will extend the station’s operation by at least 40 years and increase its generation capacity from 34 to 40 megawatts. […]

Cheniere’s Corpus Christi LNG expansion project 66 percent complete

Energy News Beat Cheniere’s Corpus Christi liquefaction plant now has three operational trains, each with a capacity of about 5 mtpa. In June 2022, Cheniere made the final investment decision on the Corpus Christi Stage 3 expansion project, worth about $8 billion. Compatriot Bechtel officially started construction on the project in October of the same year. The project includes […]

TotalEnergies, HD Hyundai Chemical ink LNG supply deal

Energy News Beat Under the deal, TotalEnergies will deliver 200,000 tons of LNG per year for seven years starting from 2027. Thanks to this agreement, with prices indexed both to Brent and Henry Hub, TotalEnergies strengthens its long-term position in South Korea, the world’s third-largest LNG importing country, TotalEnergies said in a statement. Gregory Joffroy, […]

Another African nation interested in joining BRICS

Energy News Beat   Membership presents an opportunity to challenge the dominance of the dollar and euro, the Burkinabe prime minister says Prime Minister of Burkina Faso Apollinaire Joachim Kyelem de Tambela has expressed an interest in joining BRICS. Membership of the group would make it possible to challenge the “domination of the dollar and […]

Infrastructure Bill’s Big-Budget Projects A ‘Complete Failure’ Despite Billions Spent

Energy News Beat The infrastructure bill, once hailed as a game-changer, has flopped—rural broadband and EV stations are stuck in the slow lane, leaving critics fuming. Democrats have touted the infrastructure bill Congress passed in 2021 as a signature accomplishment of the Biden-Harris administration, but some of its ambitious projects have fallen far short of […]

As Demand Drops, Automakers Reverse EV Targets Despite Billions In Biden-Harris Subsidies

Energy News Beat Automakers are backpedaling on EV targets as consumer demand wanes, despite billions in Biden-Harris subsidies and a push for charging stations. Automakers have continued to backpedal on electric vehicle (EV) targets over the last year as a slackening of consumer demand has hampered growth despite the billions in subsidies lavished on the […]

California’s backlogged grid is holding up its electric truck dreams

Energy News Beat   Across California, the companies that are trying to build charging stations for electric trucks are being told that it will take years — or even up to a decade — for them to get the electricity they need. That’s because utilities are failing to build out the grid fast enough to meet […]

Austria Loves Russia Gas

Energy News Beat Daily Standup Top Stories Is driving electric now more expensive than petrol or diesel? September 23, 2024 Mariel Alumit Britain’s public charging network is facing criticism for high costs, making electric vehicle (EV) driving potentially twice as expensive as using petrol or diesel cars. The UK now has over 12,500 rapid and ultra-rapid […]

U.S. LNG Permit Freeze Sparks Export Boom in Canada and Mexico

Energy News Beat The Biden administration’s pause on new LNG export permits has created a market opportunity for Canada, Mexico, and Argentina to increase their LNG exports to Asia. These countries are investing billions of dollars in LNG export infrastructure, particularly on their Pacific coasts, to gain a logistical advantage over U.S. exporters. The increased […]

Oil Price Slide Eases as Tropical Cyclone Looms over Gulf of Mexico

Energy News Beat Shell, Chevron, and Norway’s Equinor have all begun evacuating staff from offshore facilities as the threat of a potential Tropical Cyclone System 9 intensifies as it moves toward the Gulf coast, where the brewing storm could turn into a hurricane by Wednesday. Earlier on Monday, Chevron completed the evacuation of nonessential personnel […]