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.
Regardless of the implementation of the Clean Power Plan, NRG and several other large U.S. power generators have already come forward with their own commitments to reduce carbon emissions. Over the past two years, NRG managed to reduce its absolute GHG emissions by 35%, putting it well on track to reach its 50% reduction goal by 2030.
Oct 16 – ‘Generation Energy’ has been kickstarted at a forum in Winnipag as a society-wide debate on the pathways to an affordable, low-carbon energy future for Canada. The share of renewables in Canada’s power mix exceeded 65% last year, with 90% of the total derived from hydropower. Prior to the event, Canada’s Minister of Natural Resources Jim Carr met bilaterally with IEA head Dr Fatih Birol to provide input to Canada’s Presidency of the G7 in 2018.
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.
The Finnish energy group Fortum, a shareholder in the Russian regional power company TGC-1, has entered negotiations with Gazprom about a possible closer cooperation in the power sector.
Growth in renewable power generation is forecast to be twice as large as that of natural gas and coal combined. According to projections by the International Energy Agency (IEA), the share of renewables in power generation will rise from 24% last year to exceed 30% by 2022.
Oct 5 – Demand for natural gas in Spain has increased by 13% to 26,153 GWh in September, the highest level in the past five years. Gas-burn in the power sector was up 44% month-on-month, reaching 7,085 GWh.
Strikingly, South Korea’s year-to-date LNG demand has risen by over 4 million tons – contrary to expectations it would fall. Yet very little of this demand strength comes from the power sector; according to Energy Aspects, Korea’s LNG appetite this year has been more down to expansion of LNG import facilities with players having bought cheap spot cargoes on spec and put the gas into storage.
Highland Group Holdings (HGHL) has agreed with Symbion Energy to co-invest $100 million towards the $370 million for a 106 MW project of generating electricity from methane at Lake Kivu in Rwanda. Paul Hinks, Symbion CEO promised “the work will begin in earnest in November 2017 and this funding means we can fast-track at least 22 MW within 18 months."
LNG imports to Spain have kept rising over the summer driven by record levels of gas-burn in the power generation sector. At the end of the peak summer season in August, Spain imported 19 LNG cargoes originating from Qatar, Nigeria, Algeria, Norway, Peru, Trinidad and the U.S.