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News
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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, 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
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Industry News
Gazprom Executes Agreement with Venezuela for Oil and Gas Exploration
LCG, September 24, 2008--Gazprom signed on Monday a memorandum of understanding with the Venezuelan state-owned oil company, Petroleos de Venezuela, S.A. (PDVSA), for the development of two offshore oil and gas zones in the Caribbean. The development may include a liquefied natural gas (LNG) terminal to enable the export of natural gas to other markets, including North America.
An initial step in the development will be a feasibility study of the Blanquilla Oeste and Tortuga zones. The estimated cost of the LNG terminal is nearly $6 billion. Gazprom will have a 15% ownership in the project. The other participants in the venture are PDVSA (60%), Eni of Italy (10%), Petronas of Malaysia (10%),and Energias de Portugal (5%).
Gazprom's chief executive was recently stated, "We see North America as a region of our strategic interests....We have noticed a growing interest of Canadian companies in co-operation with Gazprom of late. We have received many interesting proposals based on objective competing advantages of Canadian companies in gas supplies to the US market....In general, one can say that we are creating a new configuration of gas supplies to North America."
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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