Gauging incremental gas demand, derived from new power plant projects worldwide, Energy Aspects says most of Asia’s new-build capacity drives "additional LNG demand,” while North American projects are “all likely to be fed by local shale gas. Analysts found there is over 37 GW of new gas-fired power generation capacity under construction in LNG importing countries which, upon start-up, will directly impact global LNG markets.
Chart Industries, the US LNG and energy equipment maker, has returned to a first-quarter profit following internal restructuring and amid a rise in its order-book. Order activity has risen 53%, or $111.4 million ($74.4 million excluding Hudson Products) above the first quarter of 2017, said Chart with reference to its acquisition of rival Hudson.
Iquitos, a city in Peru’s jungle region, has a new source of baseload electricity supply following the commissioning of seven MAN 32/44R engines at a power plant, operated Telemenia and V-Power. Logistic for the project had been very demanding, due to remote location of the port city of Iquitos – a gateway to jungle lodges in the northern Amazon.
Making its debut in the Mainland China market, Siemens has secured an order to supply two H-class gas turbines and other components for installation at the CHD Guangzhou Zengcheng combined cooling, heat and power plant (CCHP) project. The customer is Huadian Fuxin Energy, part of the state-owned utility China Huadian Corp, and start of the CCHP's commercial operation is scheduled before the end of 2019.
Energy companies, investors and policy makers in Germany need to move faster to not miss the tipping points in the energy transition, which would leave many conventional energy investments stranded and could see taxpayers picking up the bill, experts warned at an industry event in Berlin. Blackrock Vice President Sverker Akerblom said there was enough capital available and renewables were competitive, but there were simply not enough projects to invest in. "A global carbon price would be important to drive investment," he said.
Urging for quick action to smarten up electricity transmission networks, Enel CEO Franceso Starace has criticised the lack of support from regulators and policy makers. The need for digitalisation “is very difficult for regulators to understand,” he said at an industry conference in Berlin, but “if you forget the networks, dear ministers, they will not carry on.” For utilities, transiting from fossil fuels to renewables, the grids are seen as a “very sexy part” of the value chain but needed a lot of investment.
Dry natural gas production in the United States will keep growing over the next three decades, driven by demand from the industrial and electric power sectors. Beyond 2020, production is likely to grow faster than consumption, according to the EIA’s Annual Energy Outlook 2018, with excess volumes to be exported to Mexico or sold on global LNG markets.
To meet tomorrow’s market needs, Siemens has adapted the electrical and mechanical design of the Sinamics frequency converters, giving the units a smaller footprint and up to 60% lower width. The new Sinamics S120 Chassis-2 and Sinamics S120 Cabinet Modules-2, according to Siemens, address changing requirements in the field of high-performance drives.
Oil major Total today announced it will buy the majority stake (74.33%) in the French utility Direct Energie for €1.4 billion (US$1.73 billion). Total CEO Patrick Pouyanné said the deal “is part of the group’s strategy to expand along the entire gas-electricity value chain and to develop low-carbon energies.”
Synthetic fuels like hydrogen are vital for a successful energy transition, experts at the Berlin Energy Transition Dialogue agreed, calling for a regulatory framework to ensure large-scale development in Europe against competitors in Asia. “China has done solar, has done batteries… it’s over. There’s one thing where it’s not over: that’s hydrogen,” said Thierry Lepercq, executive vice president at ENGIE in charge of Research & Technology.
Eni, the Italian state-owned oil and gas producer, has set out the timeline for sanctioning its LNG project in Mozambique. Final investment decision (FID) on the Coral FLNG project is set to be made in 2019, or 2020, with Eni targeting first gas from its Mamba discovery in the Rovuma basin for the Coral FLNG plant by 2024. Investors hope supply from the Coral venture could revive South Africa’s subdued gas-based Independent Power Projects (IPPs).
Regulators in New Jersey have been approached by Diamond Generating Corp., a Mitsubishi subsidiary, with a proposal to build a 1,200 MW combined-cycle gas power plant in New Jersey and submarine cable that would connect to a substation in Manhattan. Diamond Generating said it is prepared to spend US$ 1.5 billion on the project which would eliminate the need for a new gas pipeline under the Hudson River.
Swiss technology group ABB has launched a single-phase device for Uninteruptible Power Supply (UPS), aimed at applications up to 30 kW. The new PowerValue 11T G2 employs ABB’s double conversion technology: incoming AC is first converted to DC, from which the output AC is then synthesized – giving a clean sinusoid.
Works to build the EU-funded H2FUTURE project, an EU-funded 6MW pilot plant, have kicked off in the Austrian town of Linz. The project consortium – Voestalpine, Siemens and the Austrian utility VERBUND – has now officially given the go-ahead for works on the world's largest pilot plant for the production of "green" hydrogen. The plant will be fully operational by spring 2019.
GE Power Services’ largest deal in Latin America, valued at more than $300 million, will see the US manufacturer improve maintenance inspections for gas turbine equipments in 11 Petrobras-owned power plants in Brazil. The fleet covered under the deal represents about 80% of Petrobras’ total installed capacity and generates 4.3 gigawatts (GW) of electricity.