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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

Sempra and Indonesian Co. May Strike LNG Deal

LCG, August 14, 2003BP Migas is planning to send representatives to the U.S. in order to sell liquefied natural gas to Sempra Energy.

Indonesia is one of the worlds leading LNG providers and recently signed a contract with Mexico for three to six million tons of LNG per year, starting in 2007. Indonesia currently exports over 23 million tons of LNG, mostly to Asia.

BP Migas intends to meet with Sempra at the end of August and hopes to sign a preliminary agreement regarding a possible LNG contract.

Meanwhile, several U.S. companies are looking into developing LNG terminals on the Pacific Coast of North America, particularly in Mexicos Baja California. Federal Reserve Chairman Alan Greenspan has endorsed such action, warning that a lack of natural gas may hamper economic recovery.

Currently LNG comprises only one percent of the nations consumed natural gas.

Sempra is based in San Diego, California and is the parent company to utility San Diego Gas & Electric.

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