BP has brought into the biogas sector, snapping up Clean Energy Fuels Corp's biomethane production assets for $155 million on March 1st. The move further expands its gas supply portfolio in the US and reflects a strategic shift toward less carbon-intensive projects.
BP said in a strategy update on Feb 28th that it was exploring new investments in low-carbon forms of energy, a part of the industry in which it sees significant future business potential.
Thermoelectric generation in France continued to see sharp year on year increases in January, rising some 71% to 8.3 TWh, according to data from grid operator Rte.
The trend was on the back of the ongoing spell of cold weather affecting the country, and as thermoelectric power plants compensated lower output from nuclear plants (-2.6% at 40.5 TWh), and wind installations (-29% at 2 TWh).
Natural gas demand for power generation was down 13.2% year on year in December 2016 in the US, standing at 669 billion cubic feet (Bcf), or 21.6 Bcf/day, according to data from the US Energy Information Administration (EIA).
However, gas consumption posted increases in all other sectors, with residential consumption being up 34.9% at 797 Bcf or 25.7 Bcf/day; commercial deliveries increasing by 31.8% to 464 Bcf, or 15.0 Bcf/day, their highest level for December since 2013 and industrial deliveries gaining 8.3% year on year at 731 Bcf, or 23.6 Bcf/day.
The share of electricity generated from gas-fired power plants sold on the Italian day-ahead regulated electricity market continued to see year on year increases in January, standing at 53.3% of total sales against 46.1% in January 2016, according to data from exchange manager Gestore Mercati Energetici (GME).