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 […]
Author Archives: GEC
From time to time we take you back to one of our past reports to present the state of an industry as it was viewed when it was written. This time, we look at the solar industry. As the original pioneer of the solar industry, the USA was the first country to develop solar PV […]
From time to time we take you back to one of our past reports to present the state of an industry as it was viewed when it was written. This time, we look at the solar industry. Until 2004 the largest solar PV market in the world, Japan is the third largest market for the […]
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 […]
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 […]
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 […]
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 […]
China is the biggest CO2 emitter in the world as a result of its sharply increasing energy needs which are mainly met by the use of coal. A new European Coach project was launched in Beijing in November 2006 and is part of a partnership agreement signed at the beginning of 2006 between the European […]
The Chinese power sector, which is the major consumer of coal, is one of the fastest growing generating industries in the world with the country’s installed capacity increasing by 81,300 MW to reach 874,070 MW at the end of last year. 71% of electricity is generated with coal. With restructuring and an increase in hydro […]
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 […]
