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Tropical cyclone in Northern Territory leaves thousands of Australians powerless
On Sunday, thousands of people in Australia’s Northern Territory, including the capital Darwin, were left without power after a tropical storm brought destructive winds overnight. Fina, an extremely severe tropical cyclone of category three, moved away from Darwin on Sunday, clocking wind gusts of 205 kph. It had passed the city on Saturday night as "severe tropical storm", according to the Bureau of Meteorology. Fina brought back painful memories for residents of Darwin (population around 140.000), of Cyclone Tracy which destroyed much of the city in 1974 and killed 66 people. It was one of Australia’s worst natural disasters. Lia Finocchiaro, the chief minister, said that about 19,000 people lost power because of Fina. The storm also damaged property and submerged roads but did not cause any injuries. Finocchiaro, in a Darwin-televised media conference, said that the cyclone had seen a united territory prepared for what lay ahead. As crews began assessing damage, authorities urged residents in Darwin, a garrison city located in the north, to avoid power lines that had fallen. Darwin International Airport, closed as a precaution on Saturday due to Fina, announced on Sunday that it would "work to reestablish its operations as soon it is safe". According to the Weather Bureau, Category 3 tropical cyclones are two levels below the most dangerous rating. They usually cause damage to structures, trees, and crops, and power outages. In March, the ex-tropical storm Alfred, which hit Queensland in neighbouring Australia, closed schools and left hundreds of thousands without power.
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Reeves freezes rail fares for UK budget
Rachel Reeves, British Finance Minister, said Sunday that she will freeze rail fares in her budget plan to be presented on Wednesday. She hopes to help millions who are struggling with rising costs of living. Reeves' budget is expected to include tax increases, but those who use the railways regularly will find some relief from the frozen fares. Treasury said that the freezing of rail fares would also help to limit inflation. A Treasury statement said that this is the first time rail fares in 30 years have been frozen. It will also cover season tickets for commuters, off-peak return between major cities, and peak returns to commuters. The statement stated that the move would save commuters hundreds on their season tickets and freeze travel costs. It will also support the growth of town centres throughout the country.
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Britain introduces $2 billion package for EVs
The British government will introduce a package worth 1.5 billion pounds ($2 billion) to speed up the switch to electric cars, according to reports. This includes an additional 1.3 billion pounds to fund a grant program to purchase new electric cars. Since its launch in July of this year, the Electric Car Grant Scheme has helped over 35,000 drivers switch to an electric vehicle by reducing upfront costs up to 3,750 pound. According to the government, an additional 200 millions pounds will be included in the budget due on 26 November to speed up the deployment of chargepoints throughout Britain. In order to achieve a goal of net-zero emissions of greenhouse gases by 2050 in Britain, the country wants to phase out new petrol and diesel vehicles by 2030. The demand for EVs is stagnant, with consumers citing the high upfront costs of EVs as their main obstacle. The Conservative Party, the opposition party, criticised this move. Richard Holden is the Conservatives' Transport Policy Chief. He said: "Under Labour, ordinary families face increased taxes and spiralling prices, but the government gives discounts on new electric vehicles." This is the type of tone-deaf spending that we have come to expect from this Labour Government. Reporting by Elizabeth Piper Editing Mark Potter
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After US warning, several international airlines have cancelled flights to Venezuela
Three international airlines canceled flights from Venezuela on the morning of Saturday. The U.S. Federal Aviation Administration had warned major airlines about a "potentially dangerous situation" while flying over the nation. Flightradar24, the official website for Simon Bolivar International Airport, and Brazil's Gol and Colombia's Avianca all reported that three international airlines canceled their flights from Caracas, Venezuela, on Saturday. Aeronautica Civil de Colombia stated in a press release that there are "potential risks", when flying in Maiquetia, "due the deterioration in security conditions and the increased military activity in this region." TAP confirmed that it has canceled flights for Saturday and Tuesday. The company said that the decision was made after receiving information from the United States Aviation authorities, which indicated that safety conditions were not guaranteed in Venezuelan airspace. Iberia, a Spanish airline, also announced that it would cancel its flights to Caracas starting Monday. Iberia's scheduled flight to Madrid on Saturday from Venezuela's capital was cancelled. Iberia's spokesperson said that the company would assess the situation and decide when flights will resume to Venezuela. On Saturday, Copa Airlines and Wingo continued to operate their Maiquetia flights. The U.S. FAA's notice noted the "worsening situation in security and increased military activity around Venezuela", and warned that threats could be a danger to aircraft of all altitudes. In recent months there has been an enormous American military buildup, including the largest aircraft carrier of the U.S. Navy, as well as at least eight warships and F-35 planes. Flightradar24 reports that the Latam Airlines flight scheduled to depart for Bogota on Sunday has been cancelled. (Mayela Armas, Caracas; Corina Pons and Ana Cantero at Madrid; Sergio Goncalves at Lisbon; Ana Cantero writing and editing; Diane Craft and David Gregorio).
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Defence Minister: Eindhoven Airport closed due to drone sightings
In a Facebook post, Dutch Defence Minister Ruben Brekelmans stated that the suspension of air traffic at Eindhoven Airport in the southern Netherlands on Saturday night was due to the multiple sightings of drones. Brekelmans stated that "counter-drone equipment has been ready for action". "An investigation continues." On Saturday, the Dutch defence ministry said that the Dutch military had fired weapons on drones seen above Volkel Air Force Base, located about 40 kilometers (25 miles northeast of Eindhoven). Eindhoven is both a civil and a military airport. Brekelmans stated that all types of air traffic had been suspended. When asked if the origin of the drones was known, the ministry of defence had no further comment. In recent months, drones and other airspace intrusions have caused significant disruption throughout Europe. In September, three Russian military jets violated Estonian airspace for twelve minutes and more than 20 Russian drones invaded Polish airspace. Since then, drones, whose origins are largely unknown, have disrupted the airspace operations of Europe. Ursula von der Leyen, President of the European Commission, has described these incursions as "hybrid war".
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After US warning, several international airlines have cancelled flights to Venezuela
Three international airlines cancelled flights from Venezuela on Sunday after the U.S. Federal Aviation Administration on Friday warned major airlines of a "potentially dangerous situation" while flying over the nation. Flightradar24, the official website of Maiquetia International Airport, and Brazil's Gol and Colombia's Avianca cancelled their flights leaving Caracas Saturday. Aeronautica Civil de Colombia stated in a press release that there are "potential risks", when flying in the Maiquetia region "due the deterioration in security conditions and the increased military activity in this area." Iberia, a Spanish airline, also announced that they would cancel their flights from Caracas until further notice. The flight from Venezuela's capital to Madrid scheduled by the Spanish company on Saturday has departed. Iberia's spokesperson said that the company would assess the situation and decide when flights to this country could resume. On Saturday, Copa Airlines and Wingo continued to operate their Maiquetia flights. The U.S. FAA's notice noted the "worsening situation in security and increased military activity around Venezuela", and warned that threats to aircraft could be present at any altitude. In recent months there has been an enormous American military buildup, including the largest aircraft carrier of the U.S. Navy, as well as at least eight warships and F-35 planes. Flightradar24 reports that the Latam Airlines flight scheduled to depart Bogota on Sunday is also cancelled. Reporting by Mayela Aras from Caracas, Corina Pons in Madrid and Ana Cantero at Caracas. Editing by Diane Craft.
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Officials say that the fire on a container ship in Los Angeles has been'substantially contained'.
The Port of Los Angeles announced on Saturday that a fire on a cargo vessel, which sent smoke billowing throughout the second-most populous U.S. City, had been "substantially confined" after several hour. The shelter-in-place order for two neighborhoods in the city has been lifted. There have been no injuries reported. A fire started on the dock of the One Henry Hudson in San Pedro, Los Angeles at around 6:30 pm local time. Officials said that fire crews and members of the ship's crew continued to suppress the fire on Saturday after the vessel had been towed from its berth in the Yusen Container Terminal. Los Angeles Fire Department reported that marine units continued to cool the exterior of the ship. ABC affiliate TV footage showed streams of water being shot by firefighting vessels on the sides of the ship and containers that were on fire. The fire and explosion that occurred on Friday caused concern about the burning of hazardous materials. The fire quickly forced the evacuation of all 23 crew members, as it disrupted crane and power operations. Officials have issued shelter-in place orders for Los Angeles' communities of San Pedro, Wilmington and others. These orders were lifted Saturday. Officials also removed the work restrictions for the terminals of Los Angeles' port. Fire officials had earlier reported that four of the seven container terminals in the port were operating again. According to LSEG, the One Henry Hudson is a Panama-flagged ship that arrived in Los Angeles from Tokyo's Shinagawa Port on Wednesday. Rich McKay reported from Atlanta, with additional reporting by Rajveer S. Pardesi, Rishabh J. Jaiswal and David Gregorio in Bengaluru.
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Portugal claims that only three of Europe's largest airlines expressed interest in TAP privatisation
Parpublica, the state-owned holding company of Portugal, announced on Saturday that it had only received three expressions interest for a minority stake of TAP's flag carrier. All were from Europe's biggest airlines, and none came from outside of the EU. This was far below what government expectations had been. British Airways' owner IAG and Air France-KLM, as well as Germany's Lufthansa, had announced they had submitted formal expressions of interests. Portugal restarted its long-delayed TAP privatisation in July. It aims to sell a 44.9% share to an airline that can boost the company's international scale and competitiveness. A further 5% will be offered to TAP staff. In July, Prime Minister Luis Montenegro stated that the government expects major airlines from outside of the European Union to be interested in TAP's planned privatisation. He cited the carrier's potential. The deadline for airlines formally expressing interest in the project closed at 1700 GMT on Saturday. Parpublica announced in a press release that it had until 12 December to evaluate whether interested airlines met the criteria. These include at least one year's revenue of more than 5 billion euro in the past three years, and financial capability. Offers that are not binding must be submitted by the middle of March, followed by offers that include a price and a TAP strategic plan. Privatisation is expected in the second half 2026. TAP's main assets are its connections with Brazil, Portuguese-speaking African nations and the United States, all from Lisbon, the hub that the government is keen to maintain and expand. Bernstein analysts estimated TAP's stake of 44.9% at 700 million euros, based on an airline valuation totaling 1.5 billion euros. This represents a premium of roughly 25-30% over European peers. They justified this by citing TAP's potential strategic advantage.
Power sector drives development in US natural gas demand: Maguire
The power sector is the only significant consumer of natural gas that has revealed consistent demand development over the last few years, and has actually become the driving force behind gas demand in the United States as consumption from other sectors declines.
Gas usage by power generators has broadened by around 3.5% a year over the previous 3 years, and is by far the largest single source of gas usage in the U.S., data from LSEG programs.
However by volume, growth in natural gas use by the power sector was exceeded by declines in others. Typical gas usage by power companies grew by 70 billion cubic feet daily in 2023, while typical combined intake by market, homes and commercial users fell by 114 billion cf/day.
Power firms represented around 44.4% of overall domestic gas use in 2023, compared to around 29% by market, 15.5% by families and 11% by commercial users.
Industrial gas demand has declined by around 0.3% a year over the past 3 years, while residential and business gas need has diminished by around 0.5% and 0.7% annually respectively, according to LSEG's gas demand designs.
The growing concentration of gas usage within the power sector poses a potential threat to the U.S. gas production sector, as further fast decarbonization of power systems could trigger a. swift decline in gas need for power while other major. intake sources are already in decline.
ELECTRIC PUSH
A broad push to amaze certain heating and power systems. across homes and services has represented much of the cuts. to gas use outside power generation.
Electricity-powered heatpump and boilers have actually replaced. gas-fired heating systems in scores of homes and businesses in current. years, although the rate of heat pump sales has actually slowed due to. high electricity rates and rate of interest.
A record 4.3 million heat pumps were offered in the United. States in 2022, which was the very first year that heatpump sales. gone beyond sales of gas-powered furnaces in the nation,. according to the Air-Conditioning, Heating, and Refrigeration. Institute (AHRI).
Heat pump sales slowed to 3.6 million in 2023, and through. May of 2024 totalled 1.564 million units compared to 1.643. million systems during the same months of 2023, AHRI information shows.
Regardless of the slowing sales speed, the cumulative effect of the. installed pumps on gas demand has expanded, as each unit has. displaced some quantity of direct gas consumption.
POWER SWITCH
Price quotes on the precise volumes of gas displacement. by heat pumps are scant, as a lot of evaluations made by industry. tend to be in terms of cost savings instead of in terms of the. volume of nonrenewable fuel source consumption that is cut.
More complicating the gas-impact calculus is the reality. that lots of heatpump setups frequently replace one type of. energy consumption for another - from the direct burning of gas. in on-site boilers to electrical power provided by power companies.
And as that additional quantity of electrical energy should in turn. be produced primarily by power firms, the net result on total. gas usage in the United States remains difficult to discern.
That said, high-level need information reveal clear patterns.
Overall U.S. natural gas consumption throughout the very first half of. 2024 was up 2.3% from the same months in 2023.
Gas demand from power producers was up 5.2% from the very first. half of in 2015, while need from all other major gas users. was up just 0.5%, LSEG information programs.
Amongst non-power uses, gas need was 3.1% higher amongst. industrial users throughout the first half of 2024 from the exact same. period last year, but down 2.5% among residences and 1.2% lower. amongst industrial users.
That large divergence in use trends recommends that gas. intake may be close to peaking among non-power users, while. continuing to expand in the power generation sector.
GAS GROWTH
A constant increase over the previous 5 years in the proportion. of electrical power produced from gas further shows. the significance of the power sector to the natural gas industry.
Gas created 42.41% of utility-scale electrical power. production in 2023, according to energy think tank Cinder.
That share compares to 35% in 2018 and 24% in 2010, and. reveals how power companies have actually beefed up their reliance on natural. gas for electrical power generation while progressively lowering. generation from coal.
Coal's share of U.S. electrical energy generation was 16% in 2023,
below 27% in 2018 and 45% in 2010, Ember data programs.
Electricity generation from solar and wind farms was 15.6%. in 2023, compared to 9% in 2018 and 2.3% in 2010.
A further steady expansion in eco-friendly electrical power. generation is expected over the coming years, which might help. power companies make further cuts to output from coal-fired plants. as part of emissions reduction objectives.
But power manufacturers look set to stay heavy users of. gas for electricity generation, as gas plants can be. quickly throttled up and down to match the ups and downs of. power demand needs and to plug any generation shortages during. periods of low output from sustainable sources.
DEMAND PATTERN
Overall U.S. electrical power demand looks set to broaden as more. energy end-uses become amazed and as total power. usage climbs up from data centres and due to artificial. intelligence calculations.
Over the close to medium term, that greater power demand. outlook bodes well for the gas production sector, even. if direct gas usage in homes and commercial buildings. continues to agreement.
However over the longer run, the continuing concentration of gas. demand among the power sector poses a potential threat for the gas. market.
Numerous energy systems have plans to phase out gas-fired. generation and replace that power with a combination of. renewable energy generation together with battery storage systems. that can save surplus renewable power for later use.
Over the coming years, battery systems look set to stay. far too small to pose any considerable risk to gas demand.
However if utility-scale battery systems continue their current. quick growth while dropping in expense, goals for wholesale. renewables + battery systems might come true and start to. capture out gas from power systems in a years or so.
And if that occurs while other sources of gas need also. shrink, a major gas supply surplus might emerge. << The viewpoints expressed here are those of the author, a. columnist .>
(source: Reuters)