Privatisation of three electric generation companies (Gencos), built Niger Delta Power Holding Company (NDPHC), has been approved by the Nigerian government. Up for sales are now the 634-MW Calabar, the 1,076-MW Alaoji CCGT, and 506-MW Geregu power plant.
Investing in Indonesia, ABB has just opened a new manufacturing factory for high-voltage switchgear in Tangerang, on the outskirts of Jakarta. According to projections by PLN, Indonesia’s state owned generator and distributor, the country’s electricity demand is growing at 8.5% per annum through to 2025.
Encouraged by a seismic survey of Atlantic coast acreage, Argentina has announced it will auction offshore oil and gas exploration rights near its northeastern sea border next year. The energy ministry hopes the subsalt basin off Brazil continues south which could lead to discovery of attractive conventional fields that help reverse Argentina’s energy deficit.
The Trump administration is adamant about dismantling former President Obama’s signature plan to reduce emissions from power plants. Rather than mandating states to change their energy mix by imposing emission quotas, President Trump is expected to give utilities some guidance on how to operate their power plants more efficiently.
The conversion Sasol’s coal-to-liquids plant in Secunda, South Africa, to a gas-to-liquids facility is one of two large-scale projects that drive the global GTL market. Sasol, an integrated energy and chemicals company, is working on getting its GTL plant started up by 2024, while a delayed GTL project in Uzbekistan is hoped to come online by 2021.
German multinational Siemens the US firm Chromalloy Gas Turbine Corp. will be offering 350 new jobs at a manufacturing plant in Hillsborough county, Florida, Gov. Rick Scott announced. The advanced airfoil JV, set up in May this year, will create turbine blades and vane cast components for use in power generation in the United States. Production is due to start by the end of 2018.
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.
Central Térmica Pilar plant is the first of two 100 MW multi-fuel power plants built by Wärtsilä that are coming online this year. Since its inauguration on 31 August, Pampa Energía was able to flawlessly operate the plant, using the entire electricity output for the Pilar Industrial Complex near Buenos Aires.
Rising exports of “abundant US natural gas” is estimated to support up to 452,000 new jobs and give a $73 billion boost to the economy by 2040 – at a “minimal impact on the natural gas prices,” according to a study by the American Petroleum Institute (API). The resource base is now seen as “larger, less expensive and more price responsive,“ API Chief Strategy Officer Marty Durbin commented.
CEOs of the three gas liquefaction and export facilities near Gladstone in Queensland, Australia, have struck a deal with Prime Minister Malcolm Turnbull, promising to fill the expected shortfall and address any additional needs by offering gas on “secure and affordable” to domestic customers.
Finland’s technology group Wärtsilä has reached an agreement to acquire Puregas Solutions for €29 million. The Swedish provider of turnkey biogas upgrading solutions utilises a CApure process to convert raw biogas to biomethane and renewable natural gas.
Siemens has received an order from Pakistan for a power island for the Jhang combined-cycle gas power plant. The LNG-operated plant is being built 250 kilometers southwest of Lahore and will provide a power generating capacity of 1.3 gigawatts.
Ineos Group, the operator of Scotland’s Grangemouth oil refinery, has condemned a decision to ban shale extraction in Scotland saying the government “turned its back on a potential manufacturing and jobs renaissance.” Operations director Tom Pickering warned Scottland will miss out on an estimated 3,100 jobs – and “it will be England that reaps the benefits.”
Integrating North America’s abundant shale gas resources into global markets keeps prices subdued: NBP averaged at $10/mmBtu in 2011-14 and by 2016 lost more than half of its value, hovering around $4.63/mmBtu. According to Societe Generale analysis, natural gas is now in a unique position to help regions transition away from coal- and oil-fuelled power generation.