Enel Group Company EnerNOC has started to use its aggregated demand response resource to provide up to 70 MW of Frequency Control Ancillary Services (FCAS) for Australia’s National Electricity Market (NEM). This is the first time that distributed demand-side response is helping to ensure grid stability in Australia, ensuring uninterrupted power supply during unexpected events that affect the flow of energy.
The Russian gas export monopoly Gazprom, and owner of the expanding Sakhalin LNG plant, has fully re-entered the financial mainstream by signing a credit facility for €1 billion ($1.18 billion) with JP Morgan as well as Mizuho Bank and Sumitomo Mitsui Banking Corp (SMBC), two of the largest Japanese banks. “The agreement marks another step in Gazprom's successful long-term cooperation with the aforementioned credit organizations,” the Russian company stated at the signing ceremony.
Germany’s nuclear phase-out has left Bavaria struggling to maintain stable baseload power supply, and in the absence of sufficient interconnectors to transport wind energy from northern Germany southbound, the region’s dependence on gas power keeps growing. To step up gas supply, TSO Bayernnets contracted MAN Diesel & Turbo to deliver three MOPICO (MOtor PIpeline COmpressor) for a new compressor station in Wertingen, a municipality some 28km northwest of Augsburg. The machines will be delivered from summer 2018 onwards, MAN said, with a view to put the compressor station into operation in 2019.
As persistent overhang in global gas supplies reduces state revenues, energy ministers from Qatar, Iran, Russia and Venezuela are gathering at this week’s Gas Exporting Countries Forum (GECF) in Santa Cruz, Bolivia. The question is how GECF countries – often referred to as the Gas OPEC – should react to the rampant US gas exports which has adopted a price-setting function on global spot LNG markets.
Controversy is mounting in Australia over whether the lifetime of AGL Energy’s 2,051-MW Liddell power plant should be extended – as proposed by the Turnbull government – even though the operator wants to shut down the “costly and unreliable” unit in 2022. A new report finds the government’s stipulated lifetime extension would cost around $3.6 billion over five years, compared to $2.2 billion for a combination of wind power, demand side-response and energy efficiency measures.
Sino-Russian ties have warmed considerably under Xi Jinping and there is some synergy between Moscow's 'Pivot to Asia' and Beijing's 'Belt and Road Initiative', finds Hugo Brennan, Asia analyst, Verisk Maplecroft. Hence, the trade mission of U.S. President Trump to China might not be overly successful when it comes to selling US LNG. “The economics of US supplies to China are challenging,” he warned, suggesting “Chinese LNG buyers might find cheaper deals elsewhere.”
The Nigerian National Petroleum Corporation (NNPC) has formalized an agreement with Dangote Group and Black Rhino Group to build the Qua Iboe Power Plant in Akwa Ibom State at an estimated cost of $1.1 billion. The 540 MW gas-fired power plant is planned to start operating by 2021.
In the face of oversupplied global gas markets and rising LNG trade, the International Energy Agency (IEA) has voiced concerns that the transformation from regional to more flexible, interdependent gas markets is creating new security challenges. In the short-term, global portfolio players are expected to provide the needed additional flexibility from their currently open selling positions.
The Australian Prime Minister Malcolm Turnbull has made a political U-turn on energy, dismissing earlier instated 'clean energy targets' in favour of stipulating guarantees for reliable power supply and emissions reductions as the two new pillars of his new policy. Utilities will henceforth be obliged to deliver electricity at times of peak demand.
Dubai Hills Estate, a joint venture between Emaar Properties and Meraas Holding, have awarded a $45 million contract to ABB for a substation that helps feed electricity to a new integrated lifestyle project in the city. Dubai consumes over 37,000 GWh of electricity per annum – a third of which by the residential sector.