The US maintained record levels of liquefied natural gas (LNG) exports in February, with a total of 15 cargoes headed overseas, according to the US Energy Information Administration (EIA). The number follows on from record high levels in the previous two months.
Last week finally saw an agreement between European Union national governments on the future of the Emission Trading System (ETS) carbon market, after talks that lasted 18 months. The deal could be bullish for gas demand, with the number of carbon credits constrained as the 2020s progress, adding to the cost of coal fired power generation, and making gas – which emits less than half the CO2 of coal – more attractive.
BP has brought into the biogas sector, snapping up Clean Energy Fuels Corp's biomethane production assets for $155 million on March 1st. The move further expands its gas supply portfolio in the US and reflects a strategic shift toward less carbon-intensive projects.
BP said in a strategy update on Feb 28th that it was exploring new investments in low-carbon forms of energy, a part of the industry in which it sees significant future business potential.
ABB has successfully commissioned Denmark’s first urban energy storage system. The Lithion-ion based battery energy storage system (BESS) will be integrated with the local electricity grid in the new harbour district of Nordhavn, Copenhagen.
German chancellor Angela Merkel and Egyptian president Abdel Fattah El-Sisi have symbolically inaugurated the first phase of Siemens' Megaproject in Egypt on March 2.
“The event marks an important milestone towards the completion of the project, which will boost the country's power generation capacity by 45% when finished” Siemens said.
A new decree regulating auctions for bundled regasification and storage capacity for industrial players has been published on Italy's Official Gazette on February 24.
MAN Diesel & Turbo has inked a training contract with Gabon’s public development company for power and water, Societe du Patrimoine, to train the staff of the Cap Lopez power plant, located close to Port Gentil, Gabon.
Thermoelectric generation in France continued to see sharp year on year increases in January, rising some 71% to 8.3 TWh, according to data from grid operator Rte.
The trend was on the back of the ongoing spell of cold weather affecting the country, and as thermoelectric power plants compensated lower output from nuclear plants (-2.6% at 40.5 TWh), and wind installations (-29% at 2 TWh).
A glut of LNG supplies in the coming years as new liquefaction projects come online at global level might lead to increased coal-to-gas switching in European markets, a recent paper by the Oxford Institute for Energy Studies (OIES) suggested.
Natural gas demand for power generation was down 13.2% year on year in December 2016 in the US, standing at 669 billion cubic feet (Bcf), or 21.6 Bcf/day, according to data from the US Energy Information Administration (EIA).
However, gas consumption posted increases in all other sectors, with residential consumption being up 34.9% at 797 Bcf or 25.7 Bcf/day; commercial deliveries increasing by 31.8% to 464 Bcf, or 15.0 Bcf/day, their highest level for December since 2013 and industrial deliveries gaining 8.3% year on year at 731 Bcf, or 23.6 Bcf/day.
Mexico should pursue an “active competition policy” in order to harness the benefit of the reform of its energy market initiated in recent years, the International Energy Agency (IEA) said.
Polish Oil and Gas Company (PGNiG) has signed a long-term agreement to supply natural gas to steelmaker ArcelorMittal in Poland.