Daily News

Oct 23 – Since early 2017, China’s gas imports totalled 51 Bcm, a 20% increase, over the same period, according to Gazprom. The Russian gas export monopoly sees “great potential” for deepening its cooperation with Chinese imports, both in terms of pipeline gas and LNG from its Sakhalin venture.

Published in Brief news

In the face of oversupplied global gas markets and rising LNG trade, the International Energy Agency (IEA) has voiced concerns that the transformation from regional to more flexible, interdependent gas markets is creating new security challenges. In the short-term, global portfolio players are expected to provide the needed additional flexibility from their currently open selling positions.

Published in Markets

As the world’s No.1 gas importer, Japan has launched a $10 billion financing initiative in a bid to play a leading role in the development of infrastructure – notably small-scale regasification plants and power stations – across Southeast Asia. Launching the initiative at an industry conference in Tokyo today, trade and industry minister Hiroshige Seko is combining diplomacy with a soft-sales approach for Japanese technology.

Published in Markets

Electrifying remote Indonesian islands through ships, or barges, that generated electricity using LNG, is at the centre of a research plan supported by the governments of Indonesia and Japan. Tokyo hopes to export the new technology to other island nations in Asia Pacific.

Published in Projects & Finance

Low global LNG prices have improved the economics in China to generate electricity from natural gas instead of coal, and the subsequent surge in imports also increased the number of landed cargoes from the United States. According to the US-China Economic and Security Review Commission, the worth of US LNG exports in Jan-July 2017 exceeded $139 million, already 2% more than the 2016 total.

Published in Markets

Encouraged by a seismic survey of Atlantic coast acreage, Argentina has announced it will auction offshore oil and gas exploration rights near its northeastern sea border next year. The energy ministry hopes the subsalt basin off Brazil continues south which could lead to discovery of attractive conventional fields that help reverse Argentina’s energy deficit.

Published in Markets

Rising exports of “abundant US natural gas” is estimated to support up to 452,000 new jobs and give a $73 billion boost to the economy by 2040 – at a “minimal impact on the natural gas prices,” according to a study by the American Petroleum Institute (API). The resource base is now seen as “larger, less expensive and more price responsive,“ API Chief Strategy Officer Marty Durbin commented.

Published in Markets

CEOs of the three gas liquefaction and export facilities near Gladstone in Queensland, Australia, have struck a deal with Prime Minister Malcolm Turnbull, promising to fill the expected shortfall and address any additional needs by offering gas on “secure and affordable” to domestic customers.

Published in Markets

Ineos Group, the operator of Scotland’s Grangemouth oil refinery, has condemned a decision to ban shale extraction in Scotland saying the government “turned its back on a potential manufacturing and jobs renaissance.” Operations director Tom Pickering warned Scottland will miss out on an estimated 3,100 jobs – and “it will be England that reaps the benefits.”

Published in Markets

Integrating North America’s abundant shale gas resources into global markets keeps prices subdued: NBP averaged at $10/mmBtu in 2011-14 and by 2016 lost more than half of its value, hovering around $4.63/mmBtu. According to Societe Generale analysis, natural gas is now in a unique position to help regions transition away from coal- and oil-fuelled power generation.

Published in Markets
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News in Brief

China’s gas production up 2.3% in Dec-2017

Jan 23 – Robust winter demand has propelled up gas prices in Northern China, prompting the government to ease restrictions on coal-burn for power generation. Domestic gas production subsequently increased. In December alone, gas production stood at 13.61 Bcm, up 2.3% year on year - the highest monthly rise since 2010, according to the National Bureau of Statistics (NBS).

Electric vehicle market on the up

Jan 22 – Electric car deployment is swift in some markets: In Norway, electric cars had a 29% market share last year, the highest globally, followed by the Netherlands with 6.4%, and Sweden with 3.4%. Globally, the number of electric cars on the roads rose to 2 million in 2016, following a year of strong growth in 2015, according to of the International Energy Agency’s latest Global EV Outlook. China was the largest EV market in 2016, accounting for more than 40% of new sales.

Bahrain to commence tight gas drilling

Jan 19 – Bahrain’s oil ministry is in talks with Schlumberger, Haliburton and others to start the development of its tight gas reserves in the course of this year, notably large deposits within the onshore Kuff reservoir. The drive to tap its own gas reserves complement’s Bahrain’s ongoing construction of an LNG import terminal, designed to balance seasonal demand.

Siemens rebrands its HSRG arm

Jan 18 – Siemens has rebranded and renamed its full subsidiary NEM Energy into Siemens Heat Transfer Technology (HTT). Headquartered in the Netherlands, NEM Energy mainly designs, engineers and sells components for power plants: Heat Recovery Steam Generators (HSRG), Waste Heat Recovery Units (WHRUs), Exhaust & Diverter Systems and related equipment.

CPUC rules to replace gas plants with energy storage

Jan 17 – California Public Utilities Commission (CPUC) has ruled that Calpine needs to replace three gas-fired peaking power plants with energy storage facilities by 2019, “if feasible and at a reasonable cost to ratepayers.” Calpine had initially sought regulatory permission to maintain “must-run status” for the two 47-MW peaking plants in Feather River and Yuba and a 605-MW gas power plant in Metcalf.

Control System market to top 6.2bn by 2022

Jan 16 – As more and more emphasis gets placed on alternative energy production, the market for power plant control systems is set to grow at an annual growth rate of 5.78%, expanding from $4.70 billion in the past year to $6.22 billion by 2022. According to MarketsandMarkets, top players in this electricity management are ABB, Siemens, Schneider Electric, Emerson and GE.

California to close last nuke in 2025

Jan 15 – The Public Utility Commission has reached an agreement with Pacific Gas & Electric (PG&E) to close California's last nuclear power plant reactors at Diablo Canyon by 2025. As the state’s largest power plant, Diablo Canyon currently covers 9% of California’s electricity needs.

Halyard hands out EPC contract for Texas peaking plant

Jan 12 – Lauren Engineers & Constructors has been awarded the engineering, procurement and construction (EPC) contract for a 348MW natural gas-fired peaking power plant in Texas from Halyard Energy Wharton, a part of Halyard Energy Ventures.

Bord Gáis to develop battery storage, not OCGT in Kilkenny

Jan 11 – Kilkenny County Council is processing an application Greener Ideas, a joint venture set up in 2009 between Bord Gáis Energy and Mountside Properties,for the construction of a 100MW battery energy storage system. Initially the project partners intended to develop an open-cycle gas turbines power plant on the site which is now listed for the battery project.

L&T commissions 360-MW Bheramara plant

Jan 10 – Larsen & Tourbo, the India-based engineering firm, has commissioned and handed over the 360-MW Bheramara gas power plant to North West Power Generation Company, a subsidiary of Bangladesh Power Development Board. L&T said it had carried out EPC for the plant which was built on a turnkey basis for Marubeni, with gas and steam turbines supplied by Mitsubishi Hitachi Power Systems (MHPS).

Floating power market to hit $1.4bn by 2022

Jan 9 – The floating power plant market is expected to grow from an estimated $889.6 million in 2017 to $1,440.1 million by 2022, growing at an average annual rate of 10.11% through to 2022. According to MarketsandMarkets, growth in this sector is spurred rising electricity demand in remote areas combined with benefits of floating vs. land-based power projects, e.g. issues related to land acquisition.

Israeli refinery to build 135-MW captive power plant

Jan 8 – ORL, Israel's largest refining and petrochemicals group, has confirmed plans to build a 135-MW gas-fired heat and power plant that will eventually be expanded to 340-MW. The cogeneration plant will produce both steam and electricity to power ORL's own operations, replacing an old coal-fired unit. Gas supply for the new CHP will be sourced via Energean from two offshore Israeli gas fields.

JERA sells 6% stake in New York gas power plant

Jan 5 – Japan’s JERA, a fuel joint venture between Tepco and Chubu Electric, has sold 6% of its equity interest in Cricket Valley Energy Center, the operator of 1,100-MW combined-cycle gas power plant under construction in Dover, New York. The buyer of the JERA’s equity stake is the Development Bank of Japan which is already invested in the project.

Pipeline blast halves Nigeria’s power output

Jan 4 – A fire at the NNPC-operated Escravos-Lagos gas pipeline in Nigeria’s southern Edo state has halted gas supply to the 1,320-MW Egbin power plant and five others, according to a statement by the Nigerian Power, Works and Housing Ministry. In total, the pipeline blast interrupted gas supplies to utilities generating more than 3,000-MW. The sudden load change tripped Nigeria’s power grid.

US biodiesel output rises despite tax credits expiry

Dec 21 – Biodiesel production levels in the United States were slightly higher in the first nine month of 2017 than in the previous year, despite the expiration of a federal biodiesel blender's tax credit at the end of 2016. The EIA forecasts a continued increased of domestic US biodiesel production due to changes to import policies which will make it more difficult to import biodiesel from Argentina and Indonesia.

Aggreko to implement Q-Pulse in 200 sites

Dec 20 – Aggreko, a leading provider of modular mobile power gensets, will install Ideagen’s Q-Pulse software in 200 locations worldwide. Once implemented at Aggreko’s regional hubs, the Q-Pulse software will enable around 200 supplier surveillance audits per year. Live data from the system will also allow Aggreko to assess trends and potential risks from across the business quickly and efficiently.

TimkenSteel to use NextGen off-gas analysis system

Dec 19 – TimkenSteel has placed an order to install Tenova’s NextGen off-gas analysis system, iEAF dynamic process control and water detection at its Faircrest steel plant in Canton, Ohio. When fully implemented, the three technologies combined will help reduce energy consumption, improve water leak detection and increase the plant’s overall productivity.