Sudden shutdown of six gas-fired power stations in Nigeria has brought the country on the brink of an energy crisis. The outages made power supply slump drops by 1,087 MW, as reported by the Nigerian Electricity System Operator (NESO). Load-shedding is currently imposed all across Nigeria to avoid a complete collapse of the power transmission network.
Developing Alaska’s Arctic National Wildlife Refuge (ANWR) would substantially increase U.S. crude oil and natural gas production after 2030. The state of Alaska holds an estimated 36 billion barrels of crude oil and 137 trillion cubic feet of natural gas, so after the Trump administration lifted an ANWR drilling moratorium in December 2017, wildcatters are rushing north to tap America’s Arctic resources.
Spain’s Gas Natural Fenosa (GNF) has renewed a natural gas supply contract with the Algerian incumbent Sonatrach until 2030. Price or volume details were not disclosed, but GNF stressed the deal guaranteed a stable cost structure for more than 40% of Spain’s overall gas procurement.
Risk of a trade war with China is affecting U.S. President Trump’s homeland, after China threatened to levy tariffs on imports of crude oil, natural gas and refined products from the United States. If imposed, these tariffs would be a big deal given that China just emerged as the largest importer of U.S. crude oil and a key LNG offtaker.
President of Bolivia Evo Morales has met Gazprom chairman Alexey Miller in Moscow to discuss joint projects for oil and gas development, notably boosting the output of Bolivia’s massive Incahuasi field. If successful, this move will lead to rising exports of pipeline gas to neighbouring Argentina where it is being used as a fuel for power generation.
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.
Eager to maintain market share, GE Power has just introduced the new MXL2 with an additive manufactured, or 3D printed performance upgrade for the GT13E2 turbine. The new solution is meant to help operators of gas power plants save up to $2 million in fuel annually.
Dry natural gas production in the United States is about to reach a fresh record of 81 Bcf per day, spurring LNG export growth and pushing down prices this year. According to the U.S. Energy Agency (EIA), Henry Hub prices are forecast to average $2.99/MMBtu for the full year 2018, but notch up to $3.08/MMBtu in 2019.
Australia’s biggest gas pipeline company, APA Group, has allowed CKI of Hong Kong access its books after the Chinese consortium made a A$13 billion (US$9.8bn) takeover bid. The suitor will, however, have to win over regulators on Canberra who view the massive offer with some critical restraint.
The Trans-Anatolian Pipeline (TANAP), feeding Azerbaijani gas from Shah Deniz into Europe’s $38 billion Southern Gas Corridor, has been delivered on time and under budget. Azerbaijan and Turkey just inaugurated the 16 Bcm/year pipeline in Eskisehir, Turkey.