Wednesday, May 21, 2014
CHINA-RUSSIA $400B NG deal: 38BCM/yr over 30 yrs to CNPC, '18 start. $350-400/KCM. $22-$30B pipeline ... Russia economy to probably enter recession this Q. Capital flight over $63B 1Q, more than '13 total. Ruble down 6% v. dollar so far this year. Inflation ~7.2% ... US gasoline demand up 3% on year ... US electric market structure will make cutting carbon difficult: report. (Change the structure then.) ... Industry-backed study says Bakken oil not more flammable than other crudes ... ~30 bills in 17 states in '13 wanted to reduce or eliminate clean/renewable energy portfolio standards. None passed. Ohio test coming up. 29 states have RPS ... Minnesota 1st state to mandate B10. Calling for B10 April to Sept, B5 rest of year. Implemented this year ... Beijing ordered 300 industrial polluters to relocate outside the city by Oct. (Don't hurry up or nothin'.) ... TXU Energy invested $9.4M since '09 in energy efficiency projects for business customers. Combined with customer investments, at least $51M in savings so far. 265 projects. Mostly lighting ... CPS Energy wants to offer $20M more in rooftop solar rebates. $30M already rebated. Also wants $450 hook-up fee, $1/Kw monthly charge. $17.50/mo for customers who add solar in later years. Commercial fees to vary with system size. Proposal now goes to City Council ... Vattenfall started $76M, 36Mw wind farm in Sweden. Country had over 4Gw wind power installed at end of '13, up ~500Mw from end of '12 ... REGI to buy Tyson's 50% stake in Dynamic Fuels for $18M cash, $12M debt pickup, $35M future payments. Already buying other half (SYNM) for $41.8M. 75M gal/yr of biodiesel ... BP asking Supreme Court to review Gulf spill settlements ... Feds unveiled recovery plan for coastal grass ... USDA announced $33M for water quality projects ... BLM made $2.8B in Utah oil/gas lease auction ... Toyota says new chip will boost hybrid's fuel econ ... Groundwater from Fukushima nuke plant released into Pacific. (Seen those 3-eyed fish yet?) ... Chinese hackers trying to take over intl solar PV industry: Solar World exec ... Trina Solar profit up 74% to $26.5M 1Q14. Revs down over 15% from 4Q13 ... Prysmian (Italy) won 730M Euro cable contract for German offshore wind project in Baltic ... Honduras forecasts over 50% clean/renewable energy mix in 3 yrs. 44.5% now.
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