New York PSC Approves Ravenswood Energy Storage Project

LCG, October 18, 2019--The New York State Public Service Commission (PSC) yesterday approved construction of the largest battery storage facility in New York State history. The 316-MW Ravenswood Energy Storage Project will be built in Long Island City, Queens, New York and scheduled to be partially operational by March 2021.

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Xcel Energy, EVRAZ North America and Lightsource BP Announce 250-MW Solar Project in Colorado

LCG, October 1, 2019--Xcel Energy, EVRAZ North America and Lightsource BP announced Friday that they have reached a long-term agreement to develop a 240-MW solar facility in Colorado. Lightsource BP will finance, build, own and operate the Bighorn Solar project and sell all the electricity it generates to Xcel Energy under a long-term power purchase agreement (PPA). The project will be built on EVRAZ Rocky Mountain Steel property in Pueblo, making it the largest on-site solar facility dedicated to a single customer in the country.

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Industry News

Chinese Gas Field Holds 35 Trillion Cubic Feet

LCG, Nov. 26, 2001--Proven reserves of natural gas at Changqing Oil Field, China's largest natural gas basin, exceeds a whopping 35 trillion cubic feet, the official Chinese news agency Xinhua reported yesterday.

Changqing comprises a dozen fields in the Ordos Basin which covers Shaanxi, Gansu and Shanxi provinces along with Inner Mongolia and Ningxia Hui autonomous regions. It has a combined exploration area of 143,000 square miles and is the largest onshore gas field in China.

The field began to transport oil to Ningxia, Gansu and other provinces in northwest China after the first oil pipeline was laid in 1979. Later, two gas pipelines became operational to provide gas to 15 large cities including Beijing, Tianjin and Xian.

Though natural gas accounts for only 2.1 percent of China's energy use, it amounts to about a tenth of the world's average, the news agency said.

Xinhua said exploration for natural gas in the Ordos Basin has become a strategic move in China's ongoing energy structure adjustment. The region will become a stable gas supplier to north, northeast and central China, and the steady gas supply will help Beijing and other large cities to improve air pollution.

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