Gas demand in South America is expected to grow by some 50 billion cubic meters to 2030, reaching 191 Bcm on the back of increased energy demand and renewable production, which will call for flexible thermoelectric back up generation to balance the system.
However, the potential for the region to significantly develop its LNG market remain uncertain, and very much linked to weather scenarios in the region.
It's what emerges from a report on “South America gas markets and the role of LNG” by Anouk Honore, published by the Oxford Institute for Energy Studies.
The European Bank for Reconstruction and Development (EBRD) is providing $55 million in new funds to Turkish lender Isbank to finance private companies investing in renewable energy and resource efficiency projects in Turkey.
Russia's Gazprom is ready to face the heightened natural gas demand of the winter period, starting the season with some 72.1 billion cubic meters of gas reserves in storage, according to the head of Gazprom, Alexei Miller.
The European Bank for Reconstruction and Development (EBRD) and Kazakhstan’s national gas operator, KazTransGas, have signed a Memorandum of Understanding (MoU) aimed at exploring ways to promote energy efficiency in the gas sector.
Power engineering firm Burns & McDonnell has been awarded by energy supplier SaskPower a contract to provide engineer-procure-construct (EPC) services for a new 350 MW gas-fired power facility to be located in Southwestern Saskatchewan, Canada.
Denmark and Germany are to hold the first joint auction for ground-mounted photovoltaic installations. Under the framework, “for the first time, photovoltaic installations in Denmark can participate in a German auction alongside photovoltaic installations from Germany” Germany's Federal Network Agency (BNetzA) said.
Finnish marine and energy solutions provider Wartsila is to supply a 92 MW gas-fired baseload power plant to industry machinery and power generation provider Sullair Argentina.
A deal to construct the first natural gas pipeline connecting Finland and Estonia has been signed at the presence of the two countries' prime ministers and the president of the EU Commission.
European gas demand is set to increase by 6% year on year in 2016, reaching some 447.1 billion cubic meters.
This rise is partly due to increased demand for gas in power generation following signs of revival in industrial activity, as well as greater use of gas in transport, the European gas wholesale, retail and distribution sectors association Eurogas said in a recent report.
Electricity demand in Italy accounted for 26.3 GWh in September, down by 0.7% year on year, Italian power grid operator Terna said. Some 89% of the electricity consumed was generated domestically, while the remaining 11% was imported from foreign markets.
National production stood at 23.6 GWh in September, increasing by 1.4% year on year.
The International Energy Agency (IEA) has revised up its renewable capacity growth forecast, with global renewable electricity capacity now expected to increase by 42%, or 825 GW by 2021. That's 13% than what previously forecast, reaching a 28% share of the electricity generation mix by the end of the five-year period.
Aluminium of Greece has signed a long-term electricity supply agreement with Public Power Corporation (PPC), ending a long-running dispute between one of the country's biggest energy consumers and its dominant electricity producer.
A consortium formed by Italian grid operator Terna and Italian infrastructure fund F2i SGR has submitted a binding offer for the acquisition of a 24% stake in Greek grid operator ADMIE.
The European Bank for Reconstruction and Development (EBRD) is providing a long term loan of up to PLN 320 million (€75 million equivalent) for the conversion of a combined heat and power plant in Krakow into a gas-fired unit.
Finnish marine and energy solutions provider Wartsila has signed a contract with independent oil and gas company Imetame Energia for the construction of the 28 MW UTE Prosperidade I gas-fired power plant in Brazil.