Daily News

Shell is close to signing Hong Kong’s first LNG supply deal with CLP Power, developer of a new unit at Black Point Power Station (2,500 MW). The new 600 MW unit is scheduled to start operations by 2020, according to CLP Power’s latest annual report, hence the utility is now keen strike a deal to import LNG via a floating storage and regasification unit (FSRU) to be moored just south of Hong Kong.

Published in Markets

With quarrels between Pertamina and PLN about project requirements and sources of gas supply finally put aside, construction is about to start at the $2 billion Java-1 combined-cycle gas power project. PT Jawa Satu Power, a joint venture between Indonesia’s state energy company Pertamina, Marubeni and Sojitz, won a tender to build and operate the CCGT, and are now seeking to put the facility into operation by mid-2021.

Published in Projects & Finance

Since the U.S. shale oil and gas revolution ended the need to import crude oil from Mexico, the trade balance shifted and U.S. energy exports have been exceeding imports from Mexico for each of the past three years. In 2017, overall U.S. energy exports to Mexico hit a record high of $25.8 billion in 2017, more than twice as much as the $11.1 billion value of imports from Mexico.

Published in Markets

Malaysia’s energy giant Petronas has signed a heads of agreement (HOA) with its long-time business partner Tokyo Gas to supply LNG cargoes over a period of 13 years starting from April 2018. Tokyo Gas, Japan’s largest city gas provider, will be using most of this contracted gas import as a fuel at its power stations.

Published in Markets

Summit Power, the largest independent power producer in Bangladesh, has signed a memorandum of understanding with Japan’s Mitsubishi and Diamond Gas to jointly develop a $3 billion LNG-to-power project at Matarbari. The project includes a regas terminal and a two-unit gas combined-cycle power project with a total capacity of 2,400 MW.

Published in Projects & Finance

London-based SDX Energy Inc. has made a new onshore gas discovery in Morocco, at is SAH-2 well on the Sebou permit. The latest find helps advance the government’s policies to promote renewables and cleaner-burning natural gas while seeking to reduce dependence on seasonal LNG imports.

Published in Markets

Turkey's Karadeniz Energy Group has selected Gas Enec of South Korea to supply LNG regasification systems to be installed on three of its power barges. Karpowership recently started to develop floating regas units (FRUs) to their existing Powerships to make them suitable for LNG intake directly from a storage vessel.

Low winter temperatures have caused a surge in Spain’s use of natural gas and demand from the power generation sector ended the month with an increase of 26.9%, to 4,520 GWh. Yet despite this firm domestic demand, the Spanish TSO Enagas on February 28 exported some 22 GWh of natural gas to neighbouring France.

Published in Markets

Myanmar’s energy minister U Win Khaing has issued a “notice to proceed” to investors in four gas power projects which together will add 3,000 MW of capacity to the country’s electricity grid. Three of the projects will run on regasified LNG which Myanmar is looking to import via a floating storage and regasification units (FSRU) by 2020.

Published in Markets

A staggering $240 billion overall investment, with $140 billion in upstream, would be needed in member states of the Gas Exporting Countries Forum (GECF), often called Gas-OPEC, over the next 5 years to meet the growing gas demand. Such money to be spent is highly unlikely, however, the GECF had to admit considering the slowing pace of global gas demand post 2025.

Published in Markets
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News in Brief

Rostec develops mobile LNG-fired power plants

July 16 – Russia’s state-owned holding Rostec has developed a mobile power plant on the basis of gas reciprocating units of Russian make. Running on LNG, the power plant can provide up to 1.4 MW of electricity and is employed to power remote settlement and oil upstream operations. 

First grid-scale LAES launched

July 13 – Highview Power has just launched the first grid-scale liquid air energy-storage (LAES) plant. Used for grid balancing, the 5-MW/15-MWh system, situated near Manchester, will be able to store and deliver enough electricity to power about 5,000 homes for three hours.

Henry Hub to test $2.90 mark

July 12 – Rising gas-burn in the U.S. power sector of 4.7 Bcf/d week-on-week is more than offsetting holiday-related reductions in industrial gas use, according to Energy Aspects figures. Natural gas prices at Henry Hub are expected to once more test the high $2.90s/MMBtu.

Gemma carries out EPC for 1.6GW project in Virginia

July 11 – Gemma Power Systems and Chickahominy Power have entered into an engineering, procurement and construction (EPC) services contract to construct the Chickahominy Power Station, a 1,600 MW gas-fired power plant, in Charles City County, Virginia. Developed by Balico, the project is anticipated to get underway in the first quarter of 2019 and be completed in the spring of 2022.

GE signs new Waukesha distributor in Nigeria

July 10 – GE’s Distributed Power business has signed an agreement with HOERBIGER Service Middle East FZE to be an authorized distributor for GE’s Waukesha gas engine products in Nigeria. With this deal, GE seeks to expand its Waukesha sales and services network near the point of use, given that Waukesha engines are suited for a variety of on-site mechanical drive, gas compression and power generation applications.

 

InnoEnergy and Swedish partners launch Power2U

July 9 – Europe’s sustainable energy engine, InnoEnergy, has joined forces with five Swedish energy firms to launch Power2U, its new venture to design and operate local energy systems that will integrate solar cells, EV chargers and batteries. The partners – Öresundskraft, Jämtkraft, Tekniska Verken, Umeå Energi and Jönköping Energi – and InnoEnergy will jointly invest 60 million Swedish Kroner ($6.69m).

Nigeria: Afam VI ready to supply 624MW

‎June 29 – The Afam IV gas power plant in Nigeria’s Rivers State is getting ready to supply 624 MW worth of electricity to the national power grid, barring any regulatory restriction. The start-up will help plug part of the gap in supply that opened following the latest outage of several thermal power stations.

ADB agrees $500m for Bangladeshi CCGT

‎June 28 – The Asian Development Bank (ADB) has agreed to provide a $500m loan for an 800MW combined-cycle gas power plant project in Khulna, Bangladesh. The loan will cover costs to build the CCGT as well as a 230kV switchyard and 29km of transmission lines to feed electricity from the plant into the national power grid.

KBR to consult on Oman LNG’s power plant project

‎June 27 – Houston-based KBR has won a project management consultancy services contract from Oman LNG for a new gas engine power plant. The 120 MW plant is meant to reduce fuel gas consumption and emissions while maintaining liquefaction processes at Oman LNG's existing export facility in Sur.

ABB launches molded case circuit breaker

‎June 26 – Zurich-based ABB has added a molded case circuit breaker (MCCB) for higher-voltage solar power plants to its Tmax PV range. The breaker is designed to protect combiners, switchgear and inverters up to 1500V direct current.

Heat wave to propel up CCGT dispatch

June 25 – Temperatures in England and Wales might hit 32 degrees Celsius next week, according to the UK Met Office, while a wind lull will almost erode the contribution of wind power and require flexible combined-cycle gas power stations to bridge the gap. According to Bloomberg Intelligence, “people are underestimating how many gas stations are needed for a windless week.”

Siemens builds microgrid in Finland

‎June 22 –  Lempäälän Energia has selected Siemens to implement a self-sufficient smart grid system in the industrial area of Marjamäki, Finland. The medium-voltage microgrid will be equipped with a corresponding grid automation system and an electrical storage system.

Toshiba R&D into battery anodes

June 21 - Toshiba and Brazil’s CBMM are jointly developing anode material for lithium-ion batteries using Niobium Titanium Oxide (NTO). The aim is to develop next-generation lithium-ion battery material, characterized by high-energy density and ultra-rapid recharging.

Finning offers new Cat engine

June 20 – The new Cat C9.3B industrial engine, compliant with EU Stage V emissions standards, is now available from Finning UK and Ireland. The six cylinder, 9.3 litre engine builds on capabilities of previous Cat models that have logged more than 200 million operating hours.

GE risks €35m fine in France

June 19 – French government officials said GE will have to pay penalties if it fails to realise its pledge to create 1,000 jobs in France by the end of this year. GE made the promise in 2014 as part of the €12.4 billion takeover of Alstom’s power generation and grid business. "The contract called for a 50,000 euro penalty for every job not created," France’s labour minister Muriel Penicaud told BFM television.

MAN to deliver engines to Oman LNG

June 18 – Oman LNG is seeking to develop a new gas engine-driven power plant at its Qalhat facilities. MAN Diesel and Turbo will deliver the gas engines and associated equipment, while KBR will manage the project execution, supply the generators and ensure safety requirements.

CHP market to top $27bn by 2023

June 15 – Global market for combined heat and power is estimated to grow at an annual rate of 5.48% to reach $20.69 billion in 2018 and $27.01 billion by 2023. According to Markets and Markets, the main growth drivers are demand for energy efficiency and government incentives and programs to promote CHP.