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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

PetroChina Still Pushing for 2004 Gas Pipeline

LCG, March 14, 2002-Despite international outcry, China seeks to finalize a joint venture with Shell to build an $18 billion gas pipeline.

China plans to have the pipeline reach from northwestern Xinjiang to Shanghai by 2004, a project spanning the entire length of China. Many other international oil giants are involved with the project and are represented by Shell, including Exxon/Mobil and British Petroleum, the latter of which faced much public criticism because of its Chinese holdings.

The project will transport over 12 billion cubic meters of gas per year from western provinces to the much more populated areas of Shanghai and the Yangtze River Delta.

The process of building the pipeline has and will bring many Chinese into areas previously inhabited by minority groups such as Buddhist Tibetans and Muslim Uiygers. The influx of Han Chinese into the desert and Tibetan Plateau has already had a significant impact upon the lives of these people, and critics of the pipeline have voiced concerns that minorities may face much more than increasing population. International protest has been made worldwide regarding the treatment of Chinese minorities, and many people oppose the building of the pipeline as well as China's search for oil reserves in western China.

Petrochina controls seventy percent of China's known gas reserves and expects a ten percent annual gain in production in coming years.

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