Japanese utilities TEPCO and Chubu Electric, through their JERA joint venture, are planning to invest around $935 million on new power generation projects in the United States by 2030. JERA said it specifically targets to acquire stakes in gas-fired power units, as those are seen to become “increasingly price competitive.”
Bangladesh has become the first new LNG importing nation in 2018 with the arrival of Excelerate Energy’s FSRU Excellence at Moheshkhali Port on April 23, carrying a commissioning cargo from Qatar. “Bangladesh suffers from two crippling energy shortages: electricity and gas. This is the first step of a significant ramp up of LNG.” commented Wood Mackenzie's director of gas and LNG research, Nicholas Browne.
Spain’s TSO Enagas has posted a 1% rise in net profit at €103.9 million in the first quarter of 2018, as natural gas demand increase 5.2% in the first quarter and more than 7% for the year to date. Commenting on the result, Enagas said performance was “in line with the targets set for the year and is mainly due to meticulous control of operating and financial expenses, and the good performance of affiliates.”
Electricity supply for the United Kingdom has been covered entirely without coal for three days in a row – the longest coal-free period on record since the 1880s, according to National Grid data. The coal-free period started on Saturday morning and ended on Tuesday, whereby 33% of the UK’s electricity came from natural gas.
Assessing the “future of electricity,” the International Energy Agency (IEA) has convened a high-level workshop in Paris, bringing together decision makers and leading experts from around the world to provide strategic guidance on this topic – the “fuel” focus for the next World Energy Outlook (WEO). Electricity demand is set to grow at twice the rate of overall energy demand to 2040.
UK-based bolting solution provider Hydratight will provide Mitsubishi Hitachi Power Systems (MHPS) with a new multi-stud tensioning system, designed in cooperation with Yokohama Engineering Services. The system was launched following six month of close cooperation with MHPS, providing a tailored bolting solution for their 501J series gas turbine.
ITM Power and Northern Gas Networks (NGN) have announced the outcome of a feasibility study, evaluating the potential of deployment and cost-effective operation of 50MW energy storage capacity within the boundaries of the NGN gas distribution network. Low Thornley in Gateshead is being recommended as the most suitable site for a power-to-gas demonstration plant in the size range 50-100MW.
At Hanover Messe, Siemens is presenting its enhanced Digital Enterprise portfolio for Industrie 4.0, the fourth industrial revolution. The offering includes solutions for digital twins, used to create a holistic virtual model of the value chain, as well as the company’s open, cloud-based IoT operating system MindSphere. A virtual model of the real power plant – a so-called "digital twin" – provides the operator with enough flexibility to react quickly to changing market requirements.
The U.S. state of Pennsylvania has seen a record increase in natural gas production due to a rise in permitting and drilling activity, combined with the expansion of regional pipeline capacity. Production averaged 5 billion cubic feet per day (Bcf/d) in 2017, an increase of 3% and a record for the state, with output originating largely from shale gas plays in the Appalachian Basin.
Regardless of soaring costs, LNG imports by India increased 16.8% in March compared with the year-ago period. Supply from Qatar and Nigeria was complemented by the first shipment of US LNG on March 30 – the start of a 20-year supply contract between Cheniere Energy and Gas Authority of India (GAIL).
Black-start technology, supplied by Siemens, is providing 300MW critical backup power for San Francisco via the upgraded Trans Bay Cable (TBC). The project includes a 53-mile HVDC cable that runs under the San Francisco Bay, capable to swiftly restore power supply in the event of a network outage.
Fuel cell systems, typically producing hydrogen from fossil fuels, are used for a variety of applications in the United States such as providing backup energy at small facilities such as hospitals, or data centers. At the end of 2016, there were 56 large-scale fuel cell generating units installed, totaling 137MW of net summer capacity. Collectively, fuel cells provided 810,000MWh of electricity and made up 0.02% of total U.S. generation, according to the EIA’s Form EIA-860, Annual Electric Generator Report.
Australian commodities company BHP Billiton is continuing to exit its onshore assets in the southwest of the United States. “We expect to receive bids by June 2018, " BHP said, addding it aims to "proceed with negotiations to potentially announce one or several transactions in the first half of the 2019 financial year.”
Global installed capacity of aeroderivative gas turbine is forecast to surpass 21 GW by 2024, driven by mounting requirement for uninterrupted heat and electricity supply in remote off-grid areas. In the oil & gas upstream sector, in particular, there are numerous activities that can be supported by deploying small-scale aeroderivative gas turbines.
Golar Power, a venture between Golar LNG and Stonepeak Infrastructure Partners, has reached financial close on the 1.5GW Porto de Sergipe LNG-to-power project in northeast Brazil. The project company CELSE will receive $1.340 billion of non-recourse financing that will be used to fund the remaining Capex of the $1.74 billion project. Start-up is scheduled for January 2020.