Gazprom is expected to announce a financing package for the $11 billion Nord Stream II gas pipeline by the end of March, with EU Competition Commissioner Margrette Vestager speaking positively about the project this week, although it has yet to gain full EU approval.
Competitive Power Ventures (CPV) has begun commercial operations at the 725MW natural gas-fired plant in Charles County, Maryland, US. The plant is owned by CPV, Marubeni, Toyota Tsusho and Osaka Gas USA, and is located 25 miles southeast of Washington, DC.
Century Power Limited, a subsidiary of the Obijackson Group, plans to start the construction of a 2000MW thermal power plant in Nigeria’s Anambra State.
GE and Caithness Energy have announced an agreement for GE to provide up to six high-efficiency HA gas turbines, six steam turbines, six heat recovery steam generators and other equipment (together known as ‘power islands’), for Caithness Energy’s power plants in the US.
The rise in oil prices from last summer onwards is now filtering through to Russian contract gas prices, while at the same time LNG prices and European benchmarks are falling – making Russian gas less competitive and increasing the likelihood of large volumes of LNG moving to Europe. The trend comes after a period of record Russian gas imports to Europe, coinciding with low gas prices linked to crude’s earlier weakness in 2015 and the first half of 2016.
Germany-based MAN Diesel & Turbo will deliver two turbines and compressor trains to Nigerian Dangote Oil Refining Company, for the company’s refinery in the capital of Lagos.
GE has announced an order for a 200MW combined-cycle power plant with tri-fuel capabilities that will be operated by Amandi Energy Ltd in Aboadze, Ghana.
The European Commission has approved a €420 million (£364m) Czech support scheme for electricity generation from high-efficiency combined heat and power (CHP) plants under EU state aid rules. The Commission concluded the measure would support EU energy and climate change goals without unduly distorting competition.
E.ON has announced that it is investing in Elcore GmbH, a pioneer in fuel cell technology. The company is based in Munich and produces energy-efficient heating systems for single-family homes and duplexes. The heart of the system is an internal developed fuel cell heating technology that generates heat and power simultaneously.
France’s Engie SA plans to sell its 10% holding in Petronet LNG, India’s biggest importer of liquefied natural gas.
The latest report by the Australian Energy Market Operator shows there could be both gas and electricity shortages within the next few years on the country’s populous east coast – despite the nation being among the biggest LNG exporters in the world (and set to be the biggest by 2021).
According to the US Energy Information Administration’s (EIA) latest Natural Gas Production Report, natural gas gross withdrawals in the Lower 48 states fell in 2016, averaging 80.39 billion cubic feet per day (Bcf/d) - or 1.03 Bcf/d (1.3%) lower than in 2015.