Low global LNG prices have improved the economics in China to generate electricity from natural gas instead of coal, and the subsequent surge in pipeline gas and LNG imports also increased the number of landed cargoes from the United States. According to the latest figures by 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.
Oct 17 – Denmark’s Dong Energy has agreed with GAM Capital and its project development arm in the UK, Gas Power Developments, to manage the remote control and market optimization of three 6 MW gas power stations. The three gas peaking plants are Prestige House, Newhouse and Clay Flatts, located in Lancashire and Cumbria.
US oil major ExxonMobil has started to operate its third cogeneration plant at its Singapore Refinery on Jurong Island. The 84 MW plant makes use of natural gas and waste heat from the refinery to generate electricity and steam, enhancing the overall efficiency of the facility by 25%.
US manufacturers Koch Industries and Dow Chemical are lobbying against the plan of Energy Secretary Rick Perry to subsidize nuclear and coal as a fuel for power generation. In a letter to Congress, manufacturers dismissed the Department of Energy’s (DoE) plan as “anti-competitive” and said it could distort or “destroy competitive wholesale electricity markets and increase the price of electricity to all consumers.”
GE has signed a 9-year service agreement, worth $141 million, with Saudi Electricity Company (SEC) to provide comprehensive maintenance, parts and repairs services for eight GE 7F.05 gas turbines at Riyadh Power Plant 12 (PP12). Operating in combined cycle mode, the turbines installed at PP12 add about 1,800 MW to the Saudi national grid.
The Indian government in Delhi needs to give hydrocarbon developers more freedom on gas pricing in order to incentivise production in less explored basins, Wood Mackenzie’s Asia office recommends. The removal of multiple pricing regimes that are currently in place across India will also help drive greater use of gas in the industrial and power sector.
Oct 10 – The global market for gas turbine is growing at an annual rate of 5.3% to reach $24.12 billion by 2020, according to htfmarketreport. Increasing demand distributed power generation, technology advancement, and more stringent regulations on carbon emissions are fuelling the market growth.
Privatisation of three electric generation companies (Gencos), built Niger Delta Power Holding Company (NDPHC), has been approved by the Nigerian government. Up for sales are now the 634-MW Calabar, the 1,076-MW Alaoji CCGT, and 506-MW Geregu power plant.
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.
The conversion Sasol’s coal-to-liquids plant in Secunda, South Africa, to a gas-to-liquids facility is one of two large-scale projects that drive the global GTL market. Sasol, an integrated energy and chemicals company, is working on getting its GTL plant started up by 2024, while a delayed GTL project in Uzbekistan is hoped to come online by 2021.