Electricity demand from AI data centres, industry and transport in Southeast Asia is set to rise by more than 100 terawatt hours (TWh) over the next three to five years, requiring over $200 billion in investment to support the surge, according to a joint report by Bain & Company and Standard Chartered. More than half […]
Large production backlogs are causing a global shortage of gas turbines which delays and inflates costs of gas-fired power projects in Vietnam and the Philippines. Some turbine makers advise developers to plan 7-8 years ahead for turbine procurement. The Philippines is unlikely to commission any new LNG-fired power plants this decade. Although one project in […]
Argentina’s Vaca Muerta shale is drawing investor interest to a 15-block licensing round for blocks suited for LNG feedgas development. The bidding round comes as buyers reassess their portfolio exposure to supplies chains build around the Strait of Hormuz. Disruption or perceived risk to future LNG exports from Qatar and the UAE have increased interest […]
Shell has won a tender to deliver one LNG cargo to Turkey on behalf of Bulgaria’s state-owned gas supplier Bulgargaz, in a move highlighting Sofia’s reliance on LNG to meet seasonal electricity demand. The cargo will be shipped to the BOTAS-operated Marmara Ereğlisi terminal in Turkey, with the regasified LNG transported to Bulgaria via gas […]
A deepening LNG and fuel crisis is rippling across Asian economies, escalating electricity prices, shipping and airfare costs. About 8.8 million people are at risk of being pushed into poverty and ramifications from the Middle East conflict could cause $299 billion in economic losses to the Asia-Pacific region, according to the United Nations Development Program. […]
Siemens Energy has lifted its full-year outlook after reporting strong second-quarter results, driven by a 30% rise in order intake, robust U.S. demand and improved profitability across its businesses. The German energy technology group posted orders of 17.7 billion Euros ($19.1 billion) for the three months to March 31, up nearly a third to mark […]
Jordan’s National Electric Power Co has signed a nine-month timecharter for the FSRU ’Excelerate Acadia’ to be deployed at the country’s Aqaba terminal. Imported LNG will help meet Jordan’s rising gas demand for power generation during the peak summer season. The additional floating LNG import capacity will reinforce fuel supply to Jordan’s gas-fired power plants, […]
German energy supplier E.ON has agreed to acquire its British rival OVO in a deal that could almost double E.ON’s customer base in the UK. Financial terms were not disclosed, but JPMorgan said considering OVO’s financial pressures could result in a “relatively low purchase price.” OVO, once a fast-growing challenger brand in Britain’s liberalized energy […]
Germany’s energy consumption fell 2% in the first quarter of 2026, compared with the year-earlier period, driven by falling industrial output despite modest GDP growth. Gas consumption dipped 1.4% due to declining industrial production – though gas demand could firm as RWE plans gigawatt-scale expansion. “Although total GDP grew by 0.5 percent in the first […]
PJM Interconnection is bracing for a peak summer load growth of 5.4% annually over the next decade as data center expansion and transport electrification reshape consumption patterns. The clustering of hyperscale facilities in PJM territory, particularly in Virginia, has created dense pockets of continuous, high-load demand with limited responsiveness to price signals. The shift is […]
Oct 19 – Wärtsilä has broadened its role in seven power plant projects under two contracts for Brazilian energy company Origem Energia, expanding previously announced engine supply to also include process EPC activities above ground level. The power plant projects represent 371 MW of flexible capacity needed to provide balancing power and support renewables integration.
Oct 16 – Saipem has demonstrated its FlatFish autonomous underwater vehicle in Trieste, showcasing technologies designed to improve CO₂ leak detection and monitoring at offshore carbon capture and underground storage sites (CCUS). The technology is gaining relevance in the European power sector as a means of mitigating emissions from coal- and gas-fired generation. Saipem’s demonstration highlighted how autonomous robotics can enhance the operational reliability of offshore CCUS operations and help operators and electric utilities meet increasingly stringent EU environmental regulations.
Oct 13 – TotalEnergies and KKR have agreed to add 700 MW to their joint venture, which currently holds 1.4 GW of capacity. The transaction covers a portfolio of three large-scale solar power plants located in Texas and Ohio, due commissioned by the first quarter of 2027. All electricity generation by these assets will be marketed by TotalEnergies, which also owns three open-cycle gas power plants with a combined capacity of 1,500 MW in Wolf Hollow, near Dallas, Colorado Bend (530 MW – 74 MW) and La Porte (150 MW), both southeast Houston.
Sept 9 – HD Construction Equipment and US onsite power provider ERock have signed a mult-year deal for the supply of gas engine blocks for ERock’s so-called RockBlock generator, deployed to power data centers and critical infrastructure in Texas and beyond. ERock has a track record of supply electricity to customers like Meta and Microsoft, and has more than 400 operational sites and 1.1 GW of installed power generation base.
Oct 7 – GE Vernova today announced its goal to double the number of interns and permanent hires it brings on board in 2027, expanding its Alliance with the Massachusetts Institute of Technology (MIT).
Oct 5 – Wärtsilä has secured an order to supply a 282 MW onsite power plant for an American data center project. The decentral onsite plant will run on fifteen 50SG engines scheduled for delivery in 2028. The overall power project is expected to be operational in 2029.
Oct 2 – PacificLight Power has broken ground on a S$1.2 billion hydrogen-ready power plant on Jurong Island, Singapore, a hybrid project integrated with a dedicated battery energy storage system (BEES). With an installed capacity of 670 MW, the combined-cycle gas turbine (CCGT) plant will be Singapore’s largest and most efficient single generating unit when it starts up in 2029.
Sept 30 – Singapore households will have to pay less for gas and electricity in the fourth quarter of 2026. SP Group, Singapore’s grid operator, confirmed the household electricity tariff will fall 10.4%, or 3.32 Singapore cents (S¢) per kWh in the period between October and December 2026. Electricity prices will be at 28.59 S¢ per kWh for the fourth quarter, down from 31.91 S¢ per kWh in from July to September.
Sept 30 – Singapore households will have to pay less for gas and electricity in the fourth quarter of 2026. SP Group, Singapore’s grid operator, confirmed the household electricity tariff will fall 10.4%, or 3.32 S$cents per kWh in the period between October and December 2026. Electricity prices will be at 28.59 cents per kWh for the fourth quarter, down from 31.91 S$cents per kWh in from July to September.
Sept 28 – European gas prices at the Dutch TTF rose nearly 2.5% on Monday after US President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz, raising fears that disruptions to Middle East LNG shipments could persist into the winter. The bullishness at Europe’s benchmark gas trading hub is exacerbated by fear of gas shortages, given that gas storages are just under 70% full in key gas consuming markets such as Germany. The Dutch TTF front-month Oct26 contract was last seen trading at €74.05 per Megawatt-hour, while the Brent contract for November delivery was last seen changing hands at $108.08 per barrel.
Sept 25 – ProPetro Holding, has committed to supply 230 MW of behind-the-meter power to support Targa’s natural gas processing infrastructure in the Permian Basin. The new units bring the total contracted capacity to 510 MW, with full deployment expected in early 2028.
Sept 24 – Fitch Ratings has upgraded the credit rating of INNIO to BB from B+, with a stable outlook, following a recent upgrade by Moody’s. Analyst said these upgrades reflect INNIO’s strong operating performance and cash flow generation, supported by a growing installed base for power gen assets that helps underpin service revenues.
Sept 23 – Emerson today announced plans to build its first certified flow calibration lab and an associated automation solution service center in Qatar’s Umm Alhoul Free Zone. The new 3,500-square-metre facility will expand Emerson’s local capabilities for customers across the Middle East and Africa.
Sept 21 – MOL Group has inaugurated a new 37.4 MWp solar park and an associated electricity storage system with 20 MW of nominal power and 40 MWh of storage capacity at its Algyő site in Hungary. The hybrid power unit will strengthens the energy independence of MOL’s own operations at Algyő and reduce operating costs by replacing electricity purchased from the grid.
Sept 16 – GE Vernova is fast-tracking delivery of new 400 kV Gas-Insulated Switchgear (GIS) substation at Chesterfield, UK. The new substation is part of National Grid’s Brinsworth-to-Chesterfield and Chesterfield-to-High Marnham project, with the upgrade using SF₆-free technology to strengthen grid resilience across England and Wales in generations.
Sept 14 – Singapore’s experience in the Middle East crisis highlights the country’s exposure to external energy supply shocks. Over 95% of Singapore’s electricity generation is fuelled by imported LNG, hence diversification is paramount for supply security, said Gan Siow Huang, Singapore’s minister of trade and industry. Singapore is hence developing a second LNG terminal with a view to increasing import capacity to 15 mtpa by 2030.
Aug 31 – The number of gas-fired power plant projects, linked to US data centres, has nearly doubled in the first half of 2026. According to Global Energy Monitor, 378 MW of gas capacity is currently under development in the US, one-third of total projected capacity worldwide, led by Texas with 122 MW.
Aug 27 – GE Vernova has been chosen by Laing O’Rourke to deliver a new 400 kV Gas-Insulated Switchgear (GIS) substation at Chesterfield, UK. The new substation is part of National Grid’s Brinsworth-to-Chesterfield and Chesterfield-to-High Marnham project, with the upgrade using SF₆-free technology to strengthen grid resilience in a sustainable manner. The projects form part of The Great Grid Upgrade, the largest overhaul of the electricity grid across England and Wales in generations.
Aug 26 – Net Power has agreed to purchase 123 MW of new power generation equipment to increase the installed capacity of its Project Permian to nearly 200 MW. The gas-fired power project in West Texas is being gradually scaled up to 1 GW.
Aug 24 – Singapore’s Economic Development Board (EDB) has provisionally allocated 200 MW of new data centre capacity to Digital Realty, Equinix, Keppel Data Centres and ST Telemedia Global Data Centres, with each receiving 50 MW for facilities on Jurong Island. All sites will be developed within JTC’s planned low‑carbon data centre park on Jurong Island, and operators must source more than 50% of their capacity from green or low‑carbon energy such as biomethane, low‑carbon ammonia or hydrogen.
