Articles by OilPrice.com

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Is The Yamal LNG Project Overhyped?

In December 2017, Novatek launched its much-praised Yamal LNG in the Arctic Circle. Despite difficult permafrost conditions and financial limitations imposed by U.S. sanctions, Yamal LNG was finished on time and on budget. Claims have been made that Ya…



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How To Avoid Blackouts Using 100% Renewable Energy

Researchers have proposed three different methods for providing consistent power in 139 countries using 100 percent renewable energy. The inconsistencies of power produced by wind, water, and sunlight and the continuously fluctuating demand for energy …


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The Impact Of Gazprom’s China-Russia Gas Pipeline

Gazprom’s Power of Siberia pipeline is more than two-thirds complete.  It will be delivering gas to China by the end of this year.  A second pipeline is still under discussion. A report yesterday from Alex Mercouris at The Duran noted some frustration …


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Georgia To Purchase Natural Gas Only From Azerbaijan

In January, the Georgian Ministry of Economy and Sustainable Development approved its annual energy assessment (balance), which shows that Georgia will not purchase any natural gas from Russia this year. Instead, 99.65 percent of the 2.689 billion cubi…


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Trump Proposes Sale Of Transmission Assets

Hidden away in the Trump Administration’s long-awaited “Legislative Outline for Rebuilding Infrastructure in America” is the administration’s latest idea to raise some cash without raising taxes. The government wants to sell the power transmission asse…


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Grid Batteries Will Hurt Wholesale Power Generators

Last month, one of the largest and most significant electric utilities in the Midwest, American Electric Power (AEP), made a quiet announcement. We believe it portends more disruption for the U.S.’s electric power business. AEP, a virtual icon among U….


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Bitcoin Mining To Double Iceland’s Power Consumption

Mining bitcoins requires a great deal of computing power which in turn needs a lot of electricity to solve the mathematical puzzles that reward miners with cryptocurrency. China and South Korea have already banned bitcoin mining due to problems with a …


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Cyprus And Turkey Face Off Briefly Over Natural Gas Reserves

Cyprus and Turkey had a brief spat over natural gas reserves in the Mediterranean over the weekend, with Turkish officials escorting Eni’s drilling ship away from sensitive waters, according to a new report by Shephard Media. Cypriot officials are clai…


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Bitcoin Mining To Double Iceland’s Power Consumption

Mining bitcoins requires a great deal of computing power which in turn needs a lot of electricity to solve the mathematical puzzles that reward miners with cryptocurrency. China and South Korea have already banned bitcoin mining due to problems with a …