EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

PetroChina Still Pushing for 2004 Gas Pipeline

LCG, March 14, 2002-Despite international outcry, China seeks to finalize a joint venture with Shell to build an $18 billion gas pipeline.

China plans to have the pipeline reach from northwestern Xinjiang to Shanghai by 2004, a project spanning the entire length of China. Many other international oil giants are involved with the project and are represented by Shell, including Exxon/Mobil and British Petroleum, the latter of which faced much public criticism because of its Chinese holdings.

The project will transport over 12 billion cubic meters of gas per year from western provinces to the much more populated areas of Shanghai and the Yangtze River Delta.

The process of building the pipeline has and will bring many Chinese into areas previously inhabited by minority groups such as Buddhist Tibetans and Muslim Uiygers. The influx of Han Chinese into the desert and Tibetan Plateau has already had a significant impact upon the lives of these people, and critics of the pipeline have voiced concerns that minorities may face much more than increasing population. International protest has been made worldwide regarding the treatment of Chinese minorities, and many people oppose the building of the pipeline as well as China's search for oil reserves in western China.

Petrochina controls seventy percent of China's known gas reserves and expects a ten percent annual gain in production in coming years.

Copyright © 2024 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service