Attending the inauguration of Novatek’s landmark $27-billion Yamal LNG plant, the Saudi Arabian Energy Minister Khalid Al-Falih confirmed the Middle East oil nation is considering investing in future LNG projects in the Russian Arctic. Talks are being held about setting up a $1 billion energy fund, aimed at fostering future supply of Russian LNG as part of a Saudi government plan to use more gas for power generation.
Fluctuation in power supply to the grid amid rising renewable penetration has been increasing the need for black-start generators. Analysts expect this market will grow at a rate of 3.8%, up from an estimated $1.24 billion this year to $1.50 billion by 2021.
Toning down its green energy ambitions, the Government of South Korea has backed away from plans to convert four out of nine planed coal-fired power plant projects to run on natural gas. Instead, only one coal-to-gas conversion is now likely to go ahead, the country’s energy minister said over the weekend.
Strong seasonal gas demand this winter for power generation and heating, along with high spot LNG prices in Asia and Europe, are forecast to push up US LNG export volumes. Utilization at Sabine Pass is projected to remain well above 90% in winter 2017–2018, the US Energy Information Administration (EIA) anticipates.
Inaugurating a 1,263-megawatt LNG-fuelled power plant in Jhang on Saturday, Pakistan’s Prime Minister Shahid Khaqan Abbasi pointed out the swift project execution and start-up, contrary to what he called the previous government’s “failed rental power plants.”
South Africa’s national utility, Eskom, would benefit its ratepayers and investors by decommissioning its older coal-fired power units and scaling back construction of the controversial 4,800-MW Kusile coal power plant project, said Grové Steyn, lead economist at Meridian Economics in Cape Town. In his view, “South Africa does not for the foreseeable future need a new national nuclear-, coal- or gas-to-power construction program.”
In the South of the United States the intensity and speed of gas replacing coal in the power mix has been greater than anywhere else in the country. Over the course of the past ten years, southern states used natural gas for 42% of their electricity generation – substantially more than the U.S. average of 34% – while the share of coal power plunged to 29%.
Spark Cognition, a global artificial intelligence (AI) technology leader, and Mitsubishi Hitachi Power Systems Americas are working together to advance AI applications in MHPS-Tomoni. This new digital platform from MHPS optimizes power plant processes through cognitive analytics, prioritizing customer collaboration.
Mitsubishi Hitachi Power Systems (MHPS) has just disclosed that customers in Asia, the U.S., Mexico and South America have technically selected the M501JAC for their projects 26 times, representing over 14 GW of new power projects. MHPS's new JAC-class turbine has unprecedented statistics – 99.5% reliability while approaching 65% efficiency.
By 2019, about 600 MW of Jamaica’s generation will be powered by natural gas and renewables, exceeding the current 580 MW daily average. To help advance this goal, New Fortress Energy (NFE) has pledged to invest close to $1 billion into the country’s gas and power sector – the latest milestone being the ground breaking for a $265 million LNG-fuelled combined heat and power plant (CHP) at Jamalco’s Halse Hall headquarters in Clarendon.
The board of TransAlta Corp has approved additional elements in the company’s strategy to transition to gas and renewables generation. This includes a letter of intent to build a 120km gas pipeline from Tidewater's Brazeau River Complex to TransAlta's generating units at Sundance and Keephills, eventually supplying up to 340 million cubic feet of gas per day.
Tianjin Pauway Power Equipment Co. has commissioned an emergency power supply system based on ten 20-cylinder MTU Series 4000 engines for a new data centre, operated by the Chinese internet provider Sinnet in Beijing. The brand MTU is part of Rolls-Royce Power Systems.
Gulf Energy, Thailand’s third largest power producer, has made its market debut today at the Thai Stock Exchange. The IPO was Thailand's largest corporate listing in a decade, raising 24 billion baht ($736.20 million). The company said it will use most of the funds to finance new gas-fuelled power plants with a view to reach over 11.1 GW in installed capacity by 2024.
Gemma Power System has selected Matrix North American Construction (Matrix NAC) as a subcontractor to carry out critical equipment erection work during for Exelon West Medway II – a 200 MW dual-fuel simple cycle power plant in Medway, Massachusetts. As the EPC contractor for the Medway II project, Gemma has commissioned Matrix to install the plant’s centerline and erect the stacks and selective catalytic reduction (SCR) system.
The Asian Development Bank (ADB) has approved debt financing and partial risk guarantees worth $583 million to help Reliance of India develop a $1billion project in Bangladesh, consisting of an LNG import terminal near Kutubdia Island and adjacent gas power generation.