Other News: Norwegian research scientists claim to have devised the technology that will make it possible to store energy on the seabed for later use in an electrical power grid.
Toronto, Canada (PRWEB) May 21, 2013
This week in EDI Weekly, the engineered design magazine reports on two firsts: the resumption of US exports of Liquefied Natural Gas and the development of the first seabed energy storage technology:
"Obama gives go ahead for US to resume exporting LNG"
Obama administration approved the export of liquefied natural gas, the first in almost two years. The approval allows for the export of 1.4 billion cubic feet of natural gas a day for the next twenty years. The move is seen as further confirmation of the growing importance of the US as an exporter of energy, the result of the shale gas revolution. Read more…
"A Norwegian group claims world’s first seabed energy storage technology"
Norwegian research scientists claim to have devised the technology that will make it possible to store energy on the seabed for later use in an electrical power grid. Their announcement comes on top of a similar announcement from a Toronto company, , which is working to bring the same concept to market. The main difference between the two techniques is that the Toronto group’s model works by using compressed air, while the Norwegian model uses the difference in pressure between the surface and the seabed. Read more…
"World’s oil suppliers in for supply shock”
The balance of power is changing, with respect to the world’s oil and gas resources, and a phenomenon being called “supply shock” is working its way through the industry. North America is the main drivers, with its booming oil production driven by the shale energy revolution and by Canada’s oil sands. Experts say the boom in new supply will be as transformative for the world energy industry over the next five years as the rise of Chinese demand has been over the past fifteen. Read more …
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