Trending News: US Proposal to End War is ‘One-Sided’, Door to Diplomacy Still Open, Iranian Official SaysTrump Urges Iran to Make a Deal or US Will ‘Keep Blowing Them Away’U.S. Envoy Witkoff Says Iran is Seeking An Off-RampWar, Oil Shock, Uncertainty? Time to Raise US Equity Outlook: McGeeverAustralia Delays Its Gas CrunchIraq’s Economy Reels as Hormuz Blockade Chokes Oil RevenuesBarclays: Prolonged Hormuz Blockage Could Wipe Out 14 Million Bpd of Oil SupplySecond Tanker Hit in Weeks as Black Sea Drone Strikes Russian Oil CargoInvestors bullish on Air Products with helium play and moreVideo | “Direct air capture is becoming a viable option” – BrineworksGlobal energy prices to be elevated ‘for a long time’UK backs £51m cryogenic facility to scale quantum and low-carbon techWoodside delays blue ammonia beyond 2026 after Beaumont takeoverFlawed policy forced UK into CO2 U-turn, says expertFlawed policy forced UK into CO2 U-turn, says expertVenezuela Oil Production Climbs to 1.1 Million BpdThe Iran War Has Upended Global LNG MarketsSaudi Oil Exports to China and India Set to Fall Amid War DisruptionsScottishPower Secures £600 Million From The National Wealth Fund To Advance The Eastern Green Link 4 Subsea Project Through Parent Company IberdrolaEnergy Storage Safety Elevated: Sungrow & TÜV Rheinland White Paper UnveiledUS biogas facilities double, bringing CO2 opportunityRecharge Power Secures 20 MW Energy Storage Deal to Expand Presence in JapanSungrow Signs Landmark 1 GWh Energy Storage Agreement With Romania’s ENEVO GroupJR Kyushu And Daiwa Energy Partner To Develop 6.7 MW Solar Project In JapanRystad Issues Oil WarningValero Prepares to Restart Massive Texas Refinery After ExplosionRussia’s Vital Baltic Oil Hubs Crippled by Ukrainian Drone CampaignChina’s Top Shipper Resumes Middle East Trips Amid Iran Ceasefire TalksCentrica partners with Ceres Power on solid oxide fuel cellsEnsus plant to reopen after £100m from UK to protect CO2 suppliesEnsus plant to reopen after £100m UK government funding boostEnsus plant to reopen after £100m UK government funding boostBrazil’s NBEPar and Rosatom create joint ventureNASA aims for nuclear-powered Mars mission in 2028Assessment completed of Chernobyl shelter repair worksUS Tracking Closely How to Get Oil Tankers Through Strait of Hormuz, White House SaysFreeport CEO Says Iran War Energy Disruptions Could Delay New US LNG ProjectsCERAWeek UPDATE: US Shale Firms Unlikely to Drill at $100 a Barrel Unless High Prices Last Longer, Executives SayGas, Not Oil, Is Where US Energy Dominance MattersGermany and South Korea Face Rare Earths Supply ShortageU.S. Waivers Spur Russian Oil Sales But Interest in Iran’s Crude Remains LowJapan Urges IEA to Prepare for Second Emergency Oil ReleaseAir Liquide ‘to reallocate’ helium from other regions after Qatar hitAir Liquide ‘to reallocate’ helium from other regions after Qatar hitCement plants are viable high-grade CO2 source, says LindeVideo | “CCU and CCS will completely change the rules of the game” – Nippon GasesValero Prepares Restart of Port Arthur, Texas Oil Refinery After Blast, Sources SayOil Falls as Reports of 15-Point Proposal Spurs Ceasefire HopesBlackRock CEO Fink Warns of ‘Global Recession’ if Oil Goes to $150, BBC ReportsIran Rejects USA Peace PlanIndia Targets Import Cuts With Historic Oil and Gas Drilling CampaignIndia Pushes Back Flexible Coal Power Plan Amid Cost UncertaintyNaphtha Shortage Forces Japanese Petrochemical Producers to Curb OutputNorthern Lights begins injecting first CO2 captured from wastewaterSemicon China opens against backdrop of helium supply uncertaintyOil Extends Decline on De-Escalation HopesAmeren Illinois Offers New Flexible Payment Options To Help Customers Catch Up On Energy BillsTop Stories Of The Day: MNRE Flags Solar Rules; POWERGRID Issues Hydrogen Tender and More…Sun Sheroes’: Tata Power Renewable Energy Limited Celebrates Women Driving Its 300 MW Solar Project In KoppalGlobal Tensions Drive Renewable Investment Shift Toward ChinaSaudi Arabia Strengthens Global Position With Major Renewable Energy InvestmentsOil Prices Tumble Back Below $100 on Ceasefire OptimismIndia Snaps Up 60 Million Barrels of Russian Crude for April DeliveryEurope Faces Looming Fuel Shortages as Shell Warns of April CrunchAir Products South Africa releases MAG welding cylinderPower needs in focus on International Data Centre DayUSA Awaits Response to Peace PlanSaudi Pushes White House to Prolong Iran War as Brent Tops $100US Crude Oil, Product Inventories RiseMake biomethane ‘central building block’ of EU industrialisationAir Liquide opens advanced chip materials plant in TaiwanEnergy hopes grow on Strait of Hormuz opening as LNG emissions flagged upAtlas Copco to acquire CVD’s SDC business for $16.9mOil Rally Gives Russia an Excuse to Delay Crucial Budget ReformRolls-Royce SMR, Studsvik enhance collaborationNigeria fast-tracks permits to revive idle oil wells, boost productionGerman energy minister calls nuclear phase-out ‘huge mistake’Deep Isolation further validates borehole technologyPilot operation for REMIX fuel completedNewcleo kicks off US regulatory interactionsConocoPhillips CEO warns supply losses, infrastructure gaps will drive higher oil pricesNRC seeks public comments on Project Matador environmental reviewVenezuela Needs to “Rewire” Fiscal System to Attract Investment, ConocoPhillips CEO SaysWhite House Dismisses Insider Trading Claims in Oil MarketChina is Mapping the Ocean Floor as it Prepares for Submarine Warfare With the U.S.Microsoft President Says Building Data Centres Requires Trust of US CommunitiesOutage in Australia Adds to Global LNG CrunchForeign Funds Ditch $50 Billion in Asian Stocks as Oil Shock Dims ProspectsTanker Rates for Red Sea-Loading Saudi Crude PlungeValero Shuts Texas Refinery After Explosion Rocks Diesel Unit, Sources SayUnited Airlines Bets Bigger on Premium Travel as Iran War Drives Up Fuel CostsUS to Continue Iran Strikes, Pause Applies Only to Energy Sites, Semafor ReportsTotalEnergies axes US offshore wind projects, redirects $1bn to LNG and oilBCGA warns of risks from illegal nitrous oxide importsVideo | “Let’s make CCU more mainstream” – CO2 Value EuropeValero Shuts Major Refinery After Explosion as Fuel Markets TightenIndian Refiners Cautious Over Iranian Oil Despite U.S. WaiversUAE: Weaponizing Hormuz is Economic Terrorism Against the WorldEU–Australia trade deal to spur industrial gas and goods exportsJapan advances onboard carbon capture with latest approvals

UK government halves Drax subsidies and tones down BECCS

Gas
February 10, 2025

The UK government has halved subsidies to Drax power station and hatched a new agreement whereby low carbon dispatchable power is only used ‘when it is really needed’.

From 2027, the plan is for Drax and other eligible large-scale biomass generators to be supported via a low-carbon dispatchable CfD (Contract for Difference) which, if approved, will keep the station’s four units running until 2031. Drax will switch to 100% ‘wood biomass from sustainable sources’, up from 70% currently.

“Under this proposed agreement, Drax Power Station can step in to increase generation when there isn’t enough electricity, helping to avoid the need to use more gas or import power from Europe. When there’s too much electricity on the UK grid, Drax can reduce generation, helping to balance the system,” according to a Drax statement.

… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld