As it happens: the global energy crisis
The world is facing an energy crisis, as wholesale gas prices rocket and countries struggle to recover from shortages post-pandemic.
Gas
As it happens: the UK gas price and petrol crisis
UK utilities have reached breaking point as consistent rises in the wholesale price of gas...
PV Power signs $1.4bn loan agreements for LNG power plants
The two plants are expected to become operational from the fourth quarter of next year.
KKR to increase stake in Filipino power generation firm First Gen
KKR will acquire 262.9 million First Gen common shares and increase its ownership stake in...
UK energy regulator warns against corporate looting during gas crisis
Ofgem said it would work with police to prosecute directors who cause “material worsening” of company finances.
Aramco and partners finalise agreements for $12bn power JV
The joint venture will acquire utilities, power assets, gasification, syngas cleanup and air separation units from Aramco.
UK gas price crisis: the consumer price comparisons with nothing to compare
While UK energy utilities near breaking point over the price of wholesale gas, the next phase of the crisis will hit consumers.
Wärtsilä to build and operate 120MW gas power plant in Gabon
Wärtsilä will maintain the power plant for a period of 15 years once it has been built.
Drax may keep coal-fired power plants open beyond planned closure
UK power provider Drax has announced that it could keep its coal-fired power stations in operation beyond their planned closure date of next year due to the energy crisis gripping Europe
Power trends: Solar leads Twitter mentions in Q2 2021
Power Technology lists the top five terms tweeted on power in Q2 2021, based on data from GlobalData’s Influencer Platform.
UK’s “unavoidable loss” gas prices pushes smaller utilities to ruin
The UK’s wholesale gas price hike has caused the bankruptcy of two more small utilities, bringing the total to six, with more than 1.5 million customers affected.
