Energy

Bloomberg Mexico is racing against the clock to get natural gas pipelines online this summer. The nation has found itself “in a tight situation,” David Madero, who oversees the government’s Natural Gas Control Center, said in an interview in Mexico City. The season when gas demand typically peaks is fast approaching, and Mexico is still dealing with setbacks in getting ...

Bloomberg If there’s one thing that became clear during the White House’s “Energy Week,” it’s that South Korea is really, really into US natural gas. In less than 24 hours, South Korea’s energy companies had announced four partnerships with US companies to explore opportunities in the US natural gas business. Korea Gas Corp., the state-owned gas supplier, said it’ll look ...

Bloomberg The world’s biggest offshore wind developer said construction delays on key electricity cables that will take North Sea wind power to Germany’s industrial heartland risk undermining the confidence of investors in new projects. Dong Energy A/S sees delays as driving up costs of working in Germany, board member Samuel Leupold said in an interview in Berlin. Slow completion of ...

Bloomberg A trade complaint asking the Trump administration to impose tariffs on solar panels could devastate the US industry, wiping out two-thirds of solar systems forecast to be installed over the next five years, according to a report by GTM Research. The case, filed by bankrupt panel manufacturer Suniva Inc., would cause equipment prices to spike in the US and ...

Bloomberg Already buffeted by political chaos at home and abroad, the UK gas market must now operate without its biggest stabilizing force: the giant Rough gas storage facility under the North Sea. The planned permanent shutdown of the Centrica Plc site, able to meet 10 percent of peak demand in winter, means Britain is becoming even more reliant on imports ...

Bloomberg US natural gas futures slid the most in four months on forecasts for milder weather that would curtail demand for the power-plant fuel after a hot spell last week. Temperatures may be mostly below normal in the central US and average on the East and Gulf coasts from June 24 through June 28, according to Commodity Weather Group LLC. ...

Bloomberg New energy, meet new finance. That’s the thinking of Taiwan’s government, which is starting to map out funding plans for a power system that can no longer rely on nuclear reactors. Prime Minister Lin Chuan’s administration aims to increase the share of renewable energy such as water, wind and solar to 20 percent of total power output on the ...

Bloomberg India’s coal-fired power capacity may hardly grow over the next decade despite plans to build new plants as older facilities that can’t meet new environmental guidelines face closure. The nation may need to scrap about 40 gigawatts of thermal capacity that can’t be modernized to meet emission targets, according to Central Electricity Authority Chairman Ravindra Kumar Verma. That’s roughly ...

Bloomberg Natural gas is the king of the US power market — but that may not last. By 2040, renewable energy resources such as wind and solar power will supply just as much of America’s electricity demand as gas, based on a Bloomberg New Energy Finance outlook. And globally, the cost of renewable power is falling so rapidly that gas ...

Bloomberg G’day indeed! By 2040, rooftop solar panels will supply about one-quarter of Australia’s electricity as declining costs and ample sunlight make photovoltaics the continent’s cheapest source of energy. In Brazil, as much as 20 percent of the nation’s power will come from panels on residential rooftops, and Germany will get 15 percent from these small systems in 2040, according ...