Indiana-based Cummins has made an indicative offer to acquire MAN Energy Solutions, the large engine unit of Volkswagen Group. The German car maker reportedly also approached other MAN rivals to divest the engine maker before year-end, hoping to fetch some 3 billion Euros.
The French power grid operator RTE has halted operations of three nuclear power plants with a combined capacity of 3 GW amid a lack of cooling water as Europe’s latest heat wave unfolds. The onus is now on flexible combined-cycle gas power stations to balance the grid as demand for air conditioning surges amid scorching temperatures.
Northern Nigeria’s 215-MW Kaduna power plant will be fuelled by regasified LNG from Greenville’s import facility at Dufil Prima, Port Harcourt. A new gas pipeline will be built to deliver the fuel, and in the meantime, Greenville has committed to deliver the LNG by trucking it all the way to the power plant.
Siemens CEO Joe Kaeser has signed an the Nigeria Electrification Roadmap, paving the way for a three-phased approach to add 7 GW of generating capacity and debottleneck the power grid. The aim is to eradicate today’s stark mismatch between power supply and demand by boosting installed capacity to 25 GW in the long run.
As Japan’s gas-burn in the power sector falls amid competition from coal, nuclear and renewables, the country is expected to lose its position as the world’s No.1 LNG importer to China by 2022. Despite sustained low LNG spot prices, it is cheaper for Japanese utilities to burn coal than natural gas.
With Europe’s gas demand seen surge nearly 30% to 400 Bcm by 2035, Russia is eager to grow its market share. Wood Mackenzie expects Gazprom will review its traditional, pipeline-based export model and turn to LNG instead, avoiding quarrels over new interconnectors like Nord Stream 2.
Jamaica’s Prime Minister Andrew Holness has confirmed the country is on track to generate half of its electricity from imported natural gas and renewables. The recent commissioning of New Fortress Energy's floating storage and regasification unit (FSRU) at Old Harbour helped boost the share of clean fuels to 44% of Jamaica’s energy mix.
Thüringer Energie AG (TEAG) has tasked MAN Energy Solutions and MMEC Mannesmann to build a new gas-engine driven cogeneration plant in Jena, Germany. The new CHP unit will expand an existing plant and is due to start operating in the 2021/22 heating period.
CNPC, Eni, Socar and commodities trader Trafigura are striving to win a LNG tender for 240 cargoes over 10 years from Pakistan LNG, which seeks to secure stable gas imports for power generation. Analysts said the tender is likely to cost up to $6 billion at today’s prices, or $25 million per cargo.
German Chancellor Angela Merkel has thrown her political weight behind the introduction of a price on CO2 emissions in the transport and buildings sector, although her climate cabinet will have the last say on September 20. “I advocate such a price,” Merkel said, stressing new paths had to be tried to reach the country’s climate targets.
Diversifying supply sources, Pakistan strives to secure attractively-priced LNG for power generation. Qatar is currently the country’s main supplier but the Pakistani government hopes to buy LNG from Australia and the U.S. at a price of around $3.5 per million British thermal units in the near future.
MAN Energy Solutions' new digital platform CEON collects and evaluates operating and sensor data to enables real-time monitoring of power-plant engines, turbines and compressors. Integrating data from MAN machinery and its operational environment, the new digital platform uses intelligent analysis tools for evaluation and forecasting.
China Energy Group has decided to build 6 gigawatts (GW) of ultra-low emission coal-fired capacity this year. In regions with poor renewables potential, the government supports the use of coal as a “practical measure,” the utility said, as “gas is still too expensive.”
In the Permian, the gas-to-oil ratio keeps rising at mature shale plays. The mismatch between surging gas production and constrained takeaway pipelines has pushed down gas prices into negative territory, forcing well shut-ins from producers like Apache and Chevron.
Chart Industries, the US LNG and energy equipment maker, has posted a rise in net income and revenues after receiving orders across all sectors from large liquefaction plants to small-scale LNG-to-Power installations and completed the acquisition of Harsco Air-X-Changers.