Natural Gas News – August 25, 2020
California Blackouts Show Natural Gas Is Needed For A Stable Grid (For Now)
The California Independent System Operator (CalISO), the entity tasked with managing roughly 80% of the California electricity Turkey Calls Natural Gas Discovery ‘Historic Day’ for Energy-Dependent Country grid, ordered rolling blackouts last Friday for the first time in 19 years. The finger-pointing began immediately, with various actors blaming renewables, problems at natural gas plants, the California Public Utilities Commission (CPUC), and even market manipulators (the cause of the previous blackouts in 2001). No matter the underlying cause, however, the blackouts were ordered because of simple math: CalISO feared that supply was going to be unable to meet demand. The blackouts serve as an important reminder that for all the growth in renewables, natural gas is required in the near term to keep the grid stable and ensure resource adequacy. For more on this story visit spglobal.com or click https://bit.ly/3gjNwOU
Turkey Calls Natural Gas Discovery ‘Historic Day’ for Energy-Dependent Country
Turkish President Recep Tayyip Erdogan announced Friday the discovery of a vast natural gas field in the Black Sea. With the prospect of long-term energy security, Erdogan is also vowing to step up energy exploration in Aegean and eastern Mediterranean waters that Greece says it controls. “Turkey has made its biggest natural gas discovery,” said Erdogan at a news conference, calling it a “historic day” and adding that the discovery offers Turkey a “new era.” The Turkish president said the new gas field contains 320 billion cubic meters of natural gas and could start producing by 2023,
to coincide with the centenary celebrations marking the foundation of the Turkish Republic. Reuters news agency, citing sources, claimed
the find could meet Turkish energy needs for the next 20 years. For more on this story visit voanews.com or https://bit.ly/2Ql0mBY
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