Category: Energy News Beat

Energy News Beat This month’s capacity market auction in the UK – designed to pay power producers to provide additional capacity to the grid in times of high demand – could fetch record-high clearing prices for the 2027-2028 market when backup capacity looks tight. The four-year-ahead (T-4) capacity market auction, awarding contracts to generators to […]

Energy News Beat Not long ago, pundits were telling us that gasoline-powered cars would soon vanish from the streets, replaced by sleek, space-age vessels powered by electricity. But consumer demand for electric cars never matched the hype. Fewer drivers are interested in electric vehicles today than ever before, according to a new survey. This is […]

Energy News Beat European small-scale LNG player Molgas has expanded the company’s LNG bunkering network with the completion of its first operation in France. Molgas said in an emailed statement on Monday that the group’s inaugural operation in France involved the delivery of LNG to a dry bulk ship at the port of Honfleur. Moreover, […]

Energy News Beat Peru LNG’s liquefaction plant at Pampa Melchorita has shipped five liquefied natural gas cargoes in January, one less shipment compared to the previous month. According to data by state-owned Perupetro, during January the 4.4 mtpa LNG plant sent two shipments each to Japan and China and one shipment to South Korea. The […]

Energy News Beat Gasoline production in Russia saw a year-on-year decrease of nearly 2% last month due to an accident at one of Russia’s major processing plants and to Ukrainian drone attacks targeting several other refineries, Kommersant reported on Monday. Production of all types of fuels declined by 1.8% to 3.49 million tons last month, […]