Monday, May 12, 2014

GAZPROM NOW SAYS Ukraine owes $22B. In early March it was under $2B. Recent price rise being applied retroactive to '10, charges for NG not used. Also prepayment of $4-5B more for future gas. Threatening June 3 cutoff ... Obama pledged $2B more for energy efficiency in fed bldgs next 3 yrs, support for solar job training. Also lauded Wal Mart solar roofs. Most installed on-site solar capacity of any American comp, plans to double that ... Vestas installed nextgen low-wind turbine prototype in Denmark. 2Mw. Near 800Mw orders already. Larger rotor, strengthened gearbox, new control features ... Solar Power Energy (Romania-Germany) turned on 5.4Mw solar plant in Romania for ~5.28M Euros. EU finance ... New record for German clean energy generation - 27% of total power gen ... China may begin to reduce coal use by '20: report ... China crude imports record high 6.81Mb/d in April ... China expects to add 8.64Gw nuke power to grid this year. 3.24Gw added in '13. Uranium availability becoming issue. They import 60% now of their use ... Xi says China should adapt to "new normal" of slower growth ... US energy comps asking EPA to exempt cogeneration from coming power plant rules ... EPA rules to curb emissions from existing power plants pose no grid reliability threat: report ... NY pushing utilities to shift biz model away from monopoly to accomodating more solar, wind ... Lloyd's of London urging insurers to calculate for climate change. Vital Arctic ice roads to northern communities melting ... Graphite mining in China pulluting air, ground, water. China suspending mining. Each EV uses ~110 pounds of graphite in lithium-ion batts ... Mexico has est. 545TCF shale gas reserves just across TX border. Also est. 26B bls deepwater Gulf of Mex oil reserves ... Mass lawmakers weighing fossil fuel divestment ... Spills at oil/gas production sites up 18% in US in '13 even though drilling activity leveled off ... Of 97 shale oil/gas comps rated by S&P, 75 issuing debt at below investment grade ... Iraq oil exports up 113Kb/d in April to 2.5Mb/d ... Libya Congress seems to have elected new PM last week, but dissidents controlling eastern oil export ports refusing to deal with him.

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