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News
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LCG, June 26, 2025--Invenergy today announced that they and Meta Platforms, Inc. have signed four new clean energy agreements that total an additional 791 MW of procured solar and wind capacity to support Meta's near-term operations, data center growth, and clean energy goals.
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LCG, June 23, 2025--The Governor of New York today directed the New York Power Authority (NYPA) to develop and construct an advanced nuclear power plant in upstate New York to deliver zero-emission power that supports a reliable and affordable electric grid. NYPA will lead the effort to develop at least one new nuclear energy facility with a combined capacity of at least one gigawatt (GW) of electricity, either alone or in partnership with private entities. The directive builds on the Governor’s 2025 State of the State to develop nuclear energy plans in New York.
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Industry News
Gazprom Executes Agreement with Venezuela for Oil and Gas Exploration
LCG, September 24, 2008--Gazprom signed on Monday a memorandum of understanding with the Venezuelan state-owned oil company, Petroleos de Venezuela, S.A. (PDVSA), for the development of two offshore oil and gas zones in the Caribbean. The development may include a liquefied natural gas (LNG) terminal to enable the export of natural gas to other markets, including North America.
An initial step in the development will be a feasibility study of the Blanquilla Oeste and Tortuga zones. The estimated cost of the LNG terminal is nearly $6 billion. Gazprom will have a 15% ownership in the project. The other participants in the venture are PDVSA (60%), Eni of Italy (10%), Petronas of Malaysia (10%),and Energias de Portugal (5%).
Gazprom's chief executive was recently stated, "We see North America as a region of our strategic interests....We have noticed a growing interest of Canadian companies in co-operation with Gazprom of late. We have received many interesting proposals based on objective competing advantages of Canadian companies in gas supplies to the US market....In general, one can say that we are creating a new configuration of gas supplies to North America."
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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