Seeking to resolve gas supply imbalances, Australian Industrial Energy (AIE) has approached the Japanese gas giant JERA seeking to secure LNG for a planned import terminal in New South Wales. A feasibility study for the regas terminal is underway, although sources of gas supply are still open at this stage. Most of the imported gas […]
Oil- and gas-rich countries in the Middle East are adding coal-fired power plants in a seemingly counterintuitive move. Over the next decade, some 41 gigawatts (GW) of coal power capacity is at a planning stage in countries in and around the Middle East, with Turkey being the heaviest user of coal for power generation among […]
Alstom has confirmed it will exercise its option to exit the Joint Ventures with General Electric on renewable energy, grid and nuclear, created as part of the $10 billion deal that gave GE control of Alstom’s gas turbine operations. This decision requires GE to buy back Alstom’s stakes in the three JVs at an expense […]
Competition is fierce for nuclear power in the United States as energy mix is being transformed by comparatively cheap natural gas, rising supply of renewable energy, and limited growth in overall electricity demand. Sensitivity analysis in the EIA’s Annual Energy Outlook 2018 (AEO2018) show the potential effect on the U.S. nuclear power fleet of different […]
Despite losses at the Power & Gas (PG) unit, Siemens has raised its full-year outlook following first-half results that exceed analyst expectations thanks to solid growth in the company’s software unit. “Our longterm investment in digital leadership is clearly paying off, delivering an overall book-to-bill ratio at 1.11x despite weakness in new business in the […]
About 21 GW of natural gas-fired generators are scheduled to come online in the United States this year out of a total 32 GW of new-built electric capacity. “If these gas generators come online based on their reported timelines, 2018 will be the first year since 2013 in which renewables did not make up a […]
Reacting to weakness in the power generation market, Siemens has decided to temporarily shut down its Power & Gas (PG) manufacturing sites around the world. Following intensive talks with trade unions, the German engineering conglomerate on Monday night also reached an agreement on restructuring measures for its PG and Process Industries and Drives Division (PD). […]
Profit margins of UK’s gas-fired power plants keep improving, boosted by the closure of aging coal power plants and delays in the construction of new nuclear capacity. Consequentially, gas power plants are seen contribute more than half of the UK’s electricity needs in less than 10 years, up from 45% in the previous years, according […]
Allianz, Europe’s largest insurer, has ceased to sell policies to coal companies in an effort to fight climate change. The company said it would immediately pull its coverage from single coal-fired power plants and coal mines, and phase out all coal risks by 2040. Allianz also announced it will stop investing in companies that do […]
NRG Energy, Inc. has reported a first quarter 2018 net income of $233 million, saying its Transformation Plan is on track with $80 million in cost savings realized in the first quarter of 2018, and $3 billion in asset sales is still expected to close before the end of this year. In the first quarter, […]
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.
Aug 21 – Germany’s underground gas storage facilities are only about 50% full as of mid-August, well below last year’s roughly 67%. To achieve the targeted 70% filling levels by November, the government is preparing additional intervention options although traders remain cautious amid elevated prices and geopolitical uncertainty.
Aug 19 – A Russian air strike has damaged one of DTEK’s thermal power plant, forcing the Ukrainian operator to shut down one unit. DTEK’s thermal power fleet had an installed capacity of about 13.3 GW as of early 2022, spread across eight plants, though repeated attacks since then have destroyed much of that installed capacity, jeopardising regional electricity supply security.
Aug 17 – Wärtsilä is preparing to deliver an off-grid power solution for a new data center, under construction in Texas. The 790 MW power plant will operate with 42 Wärtsilä 50SG engines running on natural gas.
