U.S. natural gas prices at Henry Hub have surged nearly 25% to top $3.60 per million British thermal units as a cold spell gripped the nation, pushing up domestic gas demand for power generation along with shale gas production. As a consequence, U.S. LNG exports were slightly lower this week.
VAKT, creator of a commodity post-trade processing system, has just won three new three new strategic investors: Chevron, Total and Reliance Industries. The oil majors will also become early users of VAKT’s blockchain-enabled platform.
Developing efficient aeromechanics analysis for gas turbines helps avoid blade damping or strains during operation. “The new aeromechanics analysis methodologies are at least 100 times faster than traditional methods which enable us to design their products faster, reducing time-to-market and also bring down the maintenance and operating costs substantially,” say researchers at the U.S. technology firm Ansys.
Japan’s Hitachi Group today decided to suspend construction works at its Horizon division’s Wylfa nuclear power plant in northern Wales. With the £20 billion Wylfa project shelved, Hinkely Point is now the only nuclear project left in Britain, so flexible gas power and renewables will have to fill the looming capacity gap.
The European Investment Bank (EIB) has embarked on a review of its lending criteria for energy infrastructure projects, notably a 550g CO2/kWh emissions performance standard. EU negotiators had adopted this limit just weeks earlier for a ban on capacity payments to power plants exceeding it.
Qatar Power Company (QPower) has awarded Siemens a 15-year extension of a long-term service agreement for the Ras Laffan B combined-cycle power plant. The 1,025-MW Ras Laffan B plant, built in 2006, helps meet Qatar’s rising demand for power and water.
MAN Energy Solutions has commissioned six MAN 18V32/40 engines in Samara, Iraq, and delivered five more engines of the same type to a freshwater-treatment plant in Basra. The six engines in Samara will generate around 54 MW of electricity for a new cement plant owned by Kairat Al-Abar Iraqi.
Privately-held developer Invenergy has announced the start of commercial operations of its Lackawanna Energy Center. The 1,485-MW combined-cycle gas power plant, situated just outside of Scranton, Pennsylvania, is the largest project Invenergy has realized so far.
2019 could be a “year of incongruity,” Energy Aspects says, pointing to a rush of supply FID for gas liquefaction and export terminals happening against a backdrop of a market in oversupply. Analysts expect four new LNG Trains to start up or ramp up in Q1-2019, and considering the mild Asian winter, this leaves some 5.7 Bcm y/y of incremental supply available for the European market that quarter.
Bacteria and microbes living in oxygen-deprived environments – deep within mines, at the bottom of lakes or in the human gut – have evolved way of breathing that involves excreting and pumping out electrons. These microbes can actually produce electricity and MIT researchers are striving to harness these microbial power plants to run fuel cells.
Jamaica’s electric utility Jamalco is striving to get its LNG-fuelled cogeneration power station ready for completion by February 2020. Works currently focus on the inland segment of the gas feeder pipeline for the $189 million power project, built by New Fortress Energy (NFE).
South Australia’s large-scale Hornsdale battery (100 MW) has helped save nearly $40 million in grid stabilization costs in its first year running, but the success of energy storage undermines the role of gas peaking plants. Flexible combined-cycle plants get dispatched less, also due to higher gas prices, leaving some at risk of mothballing.
Start-up of Gibraltar’s first gas engine-driven power plant at North Mole is underpinned by fuel from a small-scale LNG shipment. A partial cargo has just been delivered by Shell on board the ‘Coral Methane’. Commissioning of the North Mole power project “is currently ongoing,” MAN Energy Solutions confirmed, with "several engines having had first fire.”
As the global sentiment turns against coal, the Institute of Energy Economics Japan (IEE Japan) has modelled a case in which all new coal-fired power plant projects would be banned from 2020. If natural gas was to replace coal in the energy sector, global primary gas consumption would surge by 1.3 trillion cubic metres (Tcm) to reach 7.3 Tcm in 2050.
DREWAG, Dresden’s local electric utility, has contracted Wärtsilä to deliver a combined heat and power (CHP) plant on an EPC basis. Designed to deliver an output of 90 MW, Dresden-Reick power plant will be driven by eight Wärtsilä 31SG engines and is due to become operational in 2021.