Daily News

Exhilarated by the success of bringing electricity to every village in India, Prime Minister Narenda Modi has now moved the target of achieving ‘universal household electricity access’ to the end of this year. This next “last mile” challenge will not be easy to meet but will bring huge rewards: it will improve the lives of over 230 million people.

Published in Markets

Regardless of soaring costs, LNG imports by India increased 16.8% in March compared with the year-ago period. Supply from Qatar and Nigeria was complemented by the first shipment of US LNG on March 30 – the start of a 20-year supply contract between Cheniere Energy and Gas Authority of India (GAIL).

Published in Markets

Uranium concentrate production in the United States has fallen to a record low of 2.44 pounds in 2017, down 16% from the previous year. The steep drop in domestic production comes in reaction to historically low prices, and alternate supply sources from various clean-up sites and plant conversions.

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

The February 2018 futures contract for natural gas on the New York Mercantile Exchange (NYMEX) is trading at a discount to the current spot price. This pricing pattern provides economic incentives to withdraw natural gas from storage to avoid exposure to the spot market.

Published in Markets

The US Federal Energy Regulatory Commission (FERC) has approved the PennEast pipeline in a 4-1 vote, acknowledging the clear need for more gas transport infrastructure along the East Coast. The $1 billion PennEast interstate pipeline will bring up to 1 billion cubic feet of daily low-cost Marcellus gas to customers in southeast Pennsylvania and New Jersey.

Published in Regulation & Policy

Wärtsilä has entered into a 10-year operation and maintenance agreement with Emerging America, a private investment firm jointly owned by Mexican investors and the Abraaj Group of Dubai, to ensure reliable operations of a 110 MW gas power plant in Chihuahua, Mexico. The facility, currently under construction, will be the first engine-driven power plant built specifically to serve the Mexican spot market.

Published in Markets

Nov 7 – Flow-Cal Inc., a Houston-based a developer of measurement data management software, has launched CALCit.Cloud, a an on-demand measurement calculator for natural gas and petroleum liquids. It allows users to perform various spot calculations, including gas volume, plate size, liquid correction factors and speed of sound. The source code of the application is in C computer language, or as a DLL that can be integrated into other applications. 

Published in Brief news

Several major US energy companies plan to accompany US President Donald Trump and Commerce Secretary Wilbur Ross on a visit to Beijing, starting November 8. The aim is to close deals on selling US LNG to China, along with other American-made products, in order to close the widening trade deficit between the world’s two biggest economies.

Published in Regulation & Policy

Consumption of natural gas in China is anticipated to tripple to reach 57 billion cubic feet per day (Bcf/d) by 2040, and emboldened buyers are turning to spot LNG as the cheapest supply option except for the winter months. “PetroChina and CNOOC are actively purchasing spot in addition to their contracted volumes,” says Wen Wang, senior consultant, Asia gas and power, Wood Mackenzie. Sinopec has already ventured in to gas trading, she told Gas to Power Journal, signalling it out as “the only company that are diverting cargoes among the three NOCs.”

Published in Markets
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News in Brief

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.

Enel starts battery storage in the UK

June 14 – Enel Group’s first utility-scale, stand-alone battery energy storage - the 25 MW/12.5 MWh Tynemouth project - is about to start operations, supported by a four-year contract with British System Operator National Grid to provide grid-balancing services. Enel bought the storage venture from Element Power in May 2017, and invested about 20 million Euros in the overall project, including construction.

New Mach Gen files for bankruptcy

June 13 – U.S. power generator New Mach Gen has filed for bankruptcy, presenting a pre-packaged reorganisation plan. New Mach Gen operates three gas-fired power plants with a combined capacity of 2,500 MW in Athens, NY, Maricopa County, Arizona and Charlton, Massachusetts.

Siemens, Covestro partner on digitalization

June 12 – Siemens and Covestro Deutschland have agreed a Joint Business Development Plan that reinforces their longstanding, trust-based partnership in the field of digitalization. Siemens is developing predictive process data models for manufacturing through the use of its cloud-based IoT operating system, MindSphere, while Covestro will introduce its process technology and production expertise to generate joint marketing solutions.

U.S. hurricane season underway

June 11 – With June 1 marking the official start of the 2018 hurricane season in the United States, Dominion Energy has urged customers to prepare and emergency storm kit. The Virginia-based utility is continuing day-to-day preparations for a busy storm season.

EIA broadens energy survey

June 8 – For electricity, the number of end-uses estimated in the EIA’s Residential Energy Consumption Survey (RECS) has expanded from 4 to 26 by adding estimates for various types of equipment. Itemized estimates collectively cover 87% of residential electricity use.

Cost-effective transition towards CHP

June 7 – COGEN Europe, an industry lobby group, has underlined the sector’s commitment to a “cost-effective transition towards a sustainable future in Europe” by means of utilizing combined heat and power generation. CHP provides flexibility across heat, electricity and gas networks and sectors by relying on short, medium and long-term storage to balance energy supply and demand.

Europe’s largest battery operational

June 6 – With a capacity of 48 MW/50 MWh, Europe’s largest battery EnspireME has been in operation since the beginning of this month. Located in Jardelund, northern Germany, the battery will be used as a backup by the local grid operator and participate in the weekly auction of primary reserve capacity. It was built by the Dutch utility Eneco and Japan's Mitsubishi in eight months.

BlueVault powers offshore operations

June 5 – Siemens is applying its electrification experience in the marine industry to offshore oil and gas, focussing on reducing emissions and risk in harsh operational environments. BlueVault, Siemens’ advanced lithium-ion battery-based solution, is suited for both all-electric and hybrid energy-storage applications.

Duke Energy opens new CCGT unit at Lee Station

June 4 – U.S. utility Duke Energy has been continuously operating its new 750 MW combined-cycle gas power unit at the W.S. Lee Station in Anderson County, South Carolina, since the beginning of June. Construction of the $700 million gas power unit started in March 2015, creating more than 600 construction jobs. Now fully operational, the CCGT is expected to generate about $4.4 million in tax revenue for Anderson County in 2019.

Reliability risk in California, Texas

June 1 – California and Texas are two potential tight spots for reliability of electricity this summer, even as most regions seem prepared to meet peak summer demand, the US Federal Energy Regulatory Commission (FERC) notes. In its 2018 energy market and reliability assessment, the regulator predicts warmer than average temperatures which could stir record high gas-burn for power generation.

Siemens to roll-out energy monitoring system at Rexel

May 31 – Electrical wholesaler Rexel Austria has placed an order with Siemens to deliver a cloud-based energy monitoring system which is meant to achieve a 15% reduction in energy use at its logistics center in Weisskirchen. Siemens’ cope of supply includes 66 communication-capable 7KM PAC 1500 and 7KM PAC 4200 power measuring devices, powermanager energy monitoring software, and connection to its cloud-based operating system MindSphere.

MHI calls off tie-up with JTEKT

May 30 – Mitsubishi Heavy Industries (MHI) has discontinued talks to form a business partnership with JTEKT Corp after both parties terminated a basic partnership, agreed in December 2017 together with Mitsubishi Heavy Industries Machine Tool (MAT) that included capital participation in JTEKT. All these plans have now been abandoned.

Sembcorp hires Contact Energy CFO

May 29 – Singapore-based Sembcorp has hired Contact Energy CFO Graham Cockroft to be its new CFO as of September 3, 2018. Sembcorp’s current CFO, Koh Chiap Khiong has moved on to head of the group’s utilities business in Singapore, Southeast Asia and China.

UK remains net electricity importer

May 25 – Great Britain remains a net importer of electricity via interconnectors at peak times in all of National Grid’s 2018 Future Energy Scenarios (FES). The UK grid operator consequently assumes and supports an expansion of the island’s interconnector capacity to reach up to 20 GW by 2050.