LNG trade to set new record in 2018

Demand growth is, however, forecast to slow during 2019/22, before accelerating during the 2020s

Deal signed for flexible gas plant down under

A Finnish technology firm is to build a natural gas plant in Australia after signing a contract with an Australian integrated energy business

Global oil supply ‘will match demand until 2020’

Oil production is expected to steadily outstrip supply until 2020 but after this point, additional investment will be needed to boost output

SmartestEnergy gets flexible by signing new deal

SmartestEnergy has signed a deal to adopt a flexible energy management platform. Created by Origami Energy, the technology allows both providers and users of flexible energy contracts to accurately monitor and automatically dispatch large numbers and types of assets in real-time. SmartestEnergy says the role of energy flexibility is growing in importance as the industry continues […]

BP: Plastic bans will slow oil demand

Bans on single-use plastics will slow growth in global oil demand. That’s the forecast from BP’s latest Energy Outlook, which suggests the phasing out of plastic bottles, carrier bags and straws at both governmental and commercial levels is likely to significantly affect how the fuel source is used. Oil accounts for nearly two-thirds of the growth […]

House of Lords Committee warns of Brexit energy threats

A House of Lords Committee has warned of potential threats posed to the UK’s energy trade if the nation leaves the EU. In a new report, the EU Energy and Environment Sub-Committee suggests Brexit risks the UK’s currently “frictionless trade in energy with the EU”. The EU currently supplies around 12% of British gas and […]

Demand response firm ‘to open up flexibility market’

A British demand response firm has announced plans to become an energy supplier and take on the Big Six. Flexitricity plans to give its industrial, commercial and public-sector customers access to National Grid’s flexible power market, known as ‘the Balancing Mechanism’, by seeking a supply licence. The Balancing Mechanism is the real-time flexible electricity market […]

High oil prices ‘driving energy costs by up to 10%’

Higher oil prices are continuing to drive up wholesale energy costs by as much as 10%. That’s the suggestion from energy consultancy Inprova Energy, which says this is largely a result of OPEC and other major producers extending an agreement to cut crude oil production by nearly 2% until the end of 2018. It claims […]

‘World’s first’ ultra-high voltage test centre opens

A test facility for ultra-high voltage grid components, claimed to be the world’s first, has been opened in the Netherlands. Certification body DNV GL has expanded and upgraded the KEMA High-Power Laboratory (HPL) in Arnhem at a cost of around €70 million (£62.5m). The firm says it will help the power industry successfully transition to […]

European demand for green power soars 39%

Consumer demand for green power in Europe has soared 39% compared to this time last year. That’s according to new statistics from the Association of Issuing Bodies (AIB), which show an increasing number of people are deciding to buy renewable electricity documented with Guarantees of Origin, rather than accepting a “grey default” power offer. Guarantees […]