By Reuters Staff
1 Min Read
FILE PHOTO: Aerial view of state oil company Petrobras Urucu oil and natural gas plant in Brazil s Amazon jungle, December 6, 2004. REUTERS/Jamil Bittar
SAO PAULO (Reuters) - Brazil’s lower house approved a new regulatory framework for the natural gas sector in the early hours of Wednesday, a move the government hopes will increase competition in the industry.
The bill, which garnered support from industrial consumers, will now be signed into law by President Jair Bolsonaro.
“In this difficult moment, this approval bodes well for the economy,” said Paulo Pedrosa, president of Abrace, an industry group of large energy users.
By Reuters Staff
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LONDON (Reuters) - Energy generator RWE is looking at ways to cut carbon emissions from its Pembroke gas plant in Wales and investigating the feasibility of a green hydrogen unit in the region after receiving government funding, it said on Wednesday.
The British government said earlier it will allocate funding to projects in Scotland, South Wales and the North West, Humber and Teesside in England to help decarbonise industry.
That will include projects to capture, store and use carbon emissions, and those to use cleaner fuels such as hydrogen.
The so-called South Wales Industrial Cluster - a consortium of which RWE is a member - received 20 million pounds ($28 million) for projects to create a net zero emissions industrial cluster zone in the region by 2040.
Denmark, Spain and three other countries have urged the European Commission not to change draft rules that would prevent gas power plants from being labelled as sustainable investments, despite pushback from other member states.
(Clarifies gas-fired power plant plans in paragraphs 8 and 9)
LONDON, March 11 (Reuters) - British power generator Drax is evaluating its options after a British power capacity auction and could sell four open-cycle gas turbine (OCGT) projects, it said on Thursday.
Drax provisionally secured 15-year backup power agreements worth a total 230 million pounds ($321 million) for three new 299 megawatt (MW) OCGT projects at sites in England and Wales.
Drax has said the capital cost for each project is about 80 to 90 million pounds with a build time of some two years, putting the total value of the agreements below the development costs.
Another OCGT project participated in the auction but dropped out above the clearing price and did not secure an agreement.
Mar 10, 2021 12:50:pm
Summary
by: William Powell
British electricity prices are being ever more influenced by the price of LNG, which has enjoyed unprecedented momentum in recent months, said analysts at Cornwall Insight March .
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