Daily News

March 2 – Thailand’s PTT Exploration & Production of and its partners in a Mozambique LNG processing plant have struck a gas offtake agreement with the French utility EDF. The 15-year deal will give PTT a longterm revenue stream from the Mozambique Rovuma offshore area 1 gas field, ensuring access to the European market. The investment of state-owned PTT in the Mozambique project is part of a plan to secure LNG for Thailand, which generates over 60% of its electricity from gas.

Published in Brief news

British factories have been told to shut down parts of their operation to help National Grid avert a looming gas supply crisis. A ‘Gas Deficit Warning’ was issued early this morning, with National Grid stating it had experienced “gas supply losses overnight” which exacerbates pressure on the system as this week's cold snap continues.

Published in Markets

Japan’s prime gas importer JERA, in consortium with Marubeni, is evaluating options of shipping LNG to the Australian east coast where to supply a new gas-fired power plant. With this move, JERA is seeking to divert excess supplies under longterm import contracts by selling it as spot LNG to high-priced markets around Sydney and Melbourne. FID on a floating LNG regas project with up to 2 mtpa will be taken later this year.

Published in Markets

Eager to clean up air pollution, the Chinese government has mandated several million households in China’s northern provinces to stop relying on coal heating in winter. Gas use and LNG imports have surged as a consequence, with China surpassing South Korea in late 2017 to become the world’s second-largest LNG importer.

Published in Regulation & Policy

Construction works at the 190 MW Old Harbour Bay project in Jamaica are nearly halfway finished, after just 11 months. The first of three gas turbines for the new power plant has already arrived, so the $330 million project is well underway to be commissioned as planned in June 2019.

Published in Projects & Finance

The New Northern Policy, launched by the South Korean president Moon Jae-in, is seeking new growth drivers in Russia and Northeast Asia. The Korean energy ministry announced Korea Electric Power Corp (KEPCO) will sign a memorandum of understanding with Russia's energy firm Rosseti later this year. The aim is to create a multinational power grid interconnection in the Northeast Asia region that also includes China and Japan.

Published in Regulation & Policy

Acceleration of Europe’s announced gas-fired power projects is likely after 2020, as many EU countries step up efforts to retire nuclear, lignite and hard coal-fired generation. According to Energy Aspects, there are 17 GW of proposed projects in the UK alone while across Europe that figure is 51 GW.

Published in Markets

More rigs have been drilled for natural gas than for oil in Saudi Arabia for the first time in seven years, marking a quiet but swift shift to gas and renewables in power generation. The Saudi Kingdom is accelerating its drive to reduce dependence on crude oil exports, while direct burning of heavy fuel oil (HFO) in the power sector has reached multi-year lows.

Published in Markets

Noble Energy and Delek Drilling and Noble Energy, partners in developing Israel’s Tamar and Leviathan gas fields, confirmed they signed a $15 billion deal to export up to 64 billion cubic meters (Bcm) of natural gas over 10 years to Egypt’s Dolphinus Holding. Hurdles of how to export the gas to Egypt have not been solved yet, but the Arab nation urgently needs the more gas supply to fuel three 4.8 gigawatt combined-cycle power plants, currently under construction.

Published in Markets

Substitution of Australia’s ageing coal- with gas power plants would be ideal to comply with the National Emission Reduction target but gas prices are very high and availability is tight which leads to “constrained electricity generation,” according to the IEA's latest Australia 2018 Review.  "Relatively high-cost production from unconventional gas” impact on the expansion of LNG projects in Western Australia and the start of LNG exports from Queensland. At the same time, domestic gas consumption has surged 70% over the past decade, notably in power generation.

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.