Author Archives: GEC


Although natural bitumen and extra-heavy oil occur worldwide, a single extraordinary deposit in each category is dominant. These are sometimes called the Fourth Fossil Fuel. The 1.2 trillion barrels of extra-heavy crude oil deposit of the Orinoco Oil Belt, a part of the Eastern Venezuela basin, represent nearly 90% of the known extra-heavy oil in […]

LNG Japan Corporation

LNG Japan Corporation is an energy trading house involved in the LNG industry and was established by Sumitomo and Sojitz in 2001. Since the 1970s LNG Japan Corporation has been importing LNG from Indonesia since the 1970s as part of a twenty year supply agreement with Pertamina for 7.47 million tons of LNG. The LNG […]

Statoil Markets

Natural gas produced is exported via pipelines through the Gassled system from Norway to European markets (which Statoil has a 32.1% ownership in). The majority of gas produced, around 80% to 90%, is sold through long-term contracts to large European gas utility companies and suppliers. The remaining gas is traded on the spot market and […]

Status of Compressed Air Energy Storage (CAES) Plants

Current work is focused on second generation CAES plants with potentially lower costs, higher efficiency and faster construction times. Construction of Compressed Air Energy storage (CAES) project called ADELE started in 2013 in Staßfurt in Sachsen-Anhalt, Germany as part of collaboration between RWE, GE, Zueblin and German Aerospace Centre, with improved operations. A project is […]

Compressed Air Energy Storage (CAES)

A CAES system is comprised of a compressor unit with a motor, gas turbine and storage facility. Usually at night the motor compresses and stores air which is cooled by a cooler unit. Then, during peak demand hours the compressed air is supplied to the combustion chamber in the turbines to burn the fuel. Combustive […]

Smart Meters

Major smart meter manufacturers have a history in the traditional metering market and were earlier movers into the smart meter market. All either produce more than meter products and/or have formed collaborations with other smart grid companies to have connections at all parts of the smart grid chain. In addition the meters they offer are […]