Low gas prices, warm weather pushing coal out of European generation market

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg:Cheaper natural gas prices this year are likely to cement Europe’s shift away from coal as a fuel for producing power.Abnormally mild winter weather has cut demand for the fuel as a flood of new supplies entered the world’s biggest gas market. That along with higher costs for carbon-emissions allowances has tilted the economics of generating electricity away from coal and toward using more gas.“Policy makers in Europe are now happy with such low natural gas prices,” said Ewout Eijkelenboom, senior consultant at the Netherlands-based industry adviser Kyos Energy Consulting. “It makes the coal phase-out easier than expected — it is almost a natural way of exiting coal.”Falling gas prices are a global phenomenon. Liquefied natural gas projects are pumping out record numbers of cargoes, cutting wholesale gas costs from the U.S. to Asia. That in turn has helped push down the cost of electricity across Europe, taking some of the heat out of the political debate about energy.Benchmark gas in Amsterdam plunged to a five-month low last week because of the global glut. Market rates for the coming summer are at the lowest since at least 2007. It’s especially notable that the weakness has arrived during the winter, which is peak-demand season.“We’ll need to do something with all that surplus gas,” said Elchin Mammadov, a European utilities analyst at Bloomberg Intelligence. “I’m expecting a further drop in prices and more coal-to-gas switching.”[Vanessa Dezem and Mathew Carr]More: Cheap natural gas is about to kick more coal out of Europe Low gas prices, warm weather pushing coal out of European generation marketlast_img read more

Loughmore to defend title against Thurles Sarsfields

first_imgThat’s after today’s two semi-finals at Semple Stadium, where Tipp FM kept you updated across the afternoon.Loughmore- the defending champions- had too much for Mullinahone, beating the South champions Mullinahone by 3-22 to 0-14.Thurles Sarsfields booked their place in the decider, by defeating Templederry Kenyons by 0-18 to 1-11 in today’s first semi-final.  In today’s results from around the county;South U21 B Hurling Group 2 (Monroe): Grangemockler Davins 3-06 Anner Gaels 5-14West Junior B Hurling Group 1 (Golden): Rosegreen 1-10 Solohead 1-07West Intermediate Football Championship (New Inn): Golden-Kilfeacle 0-04 Rockwell Rovers 5-17West Under 21B Hurling Championship Group 2 (Bansha): Knockavilla Donaskeigh Kickhams 2-11 Lattin Cullen Gaels 1-16North U21 A Hurling (Moneygall): Toomevara 0-12 Roscrea 3-12North U21 A Hurling (Cloughjordan): Burgess  0-10  Kildangan  5-17Elsewhere, Cratloe await the Tipperary County Hurling Champions in the semi-finals of the Munster Club Hurling Championship.They beat Waterford’s Ballygunner by 3-07 to 1-10 at Walsh Park this afternoon.last_img read more

Winner at last as UE picks up first victory, sends UST to 0-7

first_imgNueva Ecija warehouse making fake cigarettes raided, 29 Chinese workers nabbed LATEST STORIES Mos Burger to open in Manila; teases with a pop-up Pasaol tallied a game-high 32 points to go along 10 rebounds, two blocks, and two steals to lead the Red Warriors while Manalang added 20 points.Mark Olayon, who made a crucial late-game block on Marvin Lee before Pasaol’s clutch basket, and Jason Varilla also came up big for UE finishing with 15 points apiece.Marvin Lee scored a team-high 20 points for UST while Steve Akomo came shy of a 20-20 game putting up 19 points and 18 rebounds.UST, which went a respectable 34-of-68 from the field, was pathetic from the free throw line missing 21 charities and made just 17 of its 38 attempts.ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next Photo by Tristan Tamayo/INQUIRER.netUniversity of the East finally joined the winners’ table and sent University of Santo Tomas to a winless first round after a 96-91 victory in the UAAP Season 80 men’s basketball tournament Saturday at Mall of Asia Arena.The Red Warriors improved to 1-6  at the end of the first round while the Growling Tigers were left to languish at the last spot with a 0-7 card.ADVERTISEMENT Hornets’ Batum says some French fans celebrating his injury MOST READ DAY6 is for everybody In ‘Jojo Rabbit,’ Comedy and Drama Collide Alvin Pasaol, fresh from scoring 49 points last Wednesday, dealt the final blow on the hapless UST with a rebound putback in transition giving UE a 94-91 lead with 22.7 seconds left.UST then effectively dug its own grave when it turned the ball over in the ensuing inbounds play allowing Philip Manalang to ice the match from the free throw line.FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSFederer blasts lack of communication on Australian Open smogUE head coach Derrick Pumaren lauded his team’s effort against the Growling Tigers after showing glimpses of greatness in their close 106-100 loss to defending champion La Salle on Wednesday.“We played hard and they knew that it was not going to be easy,” said Pumaren. “We did not fold up, we were able to handle to comeback of UST and I am proud with the way they played.”center_img How to help the Taal evacuees Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. View comments It’s too early to present Duterte’s ‘legacy’ – Lacson OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Jake says relationship with Shaina ‘goes beyond physical attraction’ Don’t miss out on the latest news and information. Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scenelast_img read more