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.
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.
Falling costs for renewables and energy storage will squeeze out gas-fired generation in some markets as early as 2025. South Australia's peak loads are currently managed by open-cycle gas turbine (OCGT) plants; but by 2025, battery storage will be cheaper than OCGTs – even at gas price of A$7/mmbtu, a WoodMackenzie study finds.
Eager to clean up air pollution, the Chinese government has mandated several million households in China’s northern provinces to stop relying on coal heating in winter. Gas use and LNG imports have surged as a consequence, with China surpassing South Korea in late 2017 to become the world’s second-largest LNG importer.
UK capacity markets, pitched by proponents as a necessary to balance rising amounts of variable generation, “simply are no longer needed,” IEEFA’s Gerard Wynn claims. He referred to some European markets with far higher levels of variable renewables that are investing in flexible grids, capable of sourcing up to 50% of their energy from wind and solar.
The first GT36-S5 model gas turbine produced at Ansaldo Energia's Genoa production facility was unveiled on Friday. With the ongoing support of Shanghai Electric Group, Ansaldo Energia’s Chinese partner, the first GT36 maxi gas turbines will be installed in two power generation plants in the Shanghai area.
Construction works at the 190 MW Old Harbour Bay project in Jamaica are nearly halfway finished, after just 11 months. The first of three gas turbines for the new power plant has already arrived, so the $330 million project is well underway to be commissioned as planned in June 2019.
Competition amongst battery producers is heating up: they have to shorten their time to market, improve their flexibility, quality and efficiency. To help boost the efficiency of large-scale battery production, Siemens has launched portfolio of cloud-based software solutions that help optimize every step of battery production and thus improve the competitiveness of battery manufacturers.
Perth-based Global Energy Ventures (GEV) is seeking to step up shipments of compressed natural gas (CNG) to the Indian subcontinent. “They’ve got major issues in terms of fuel supply,” GEV chief executive Maurice Brand said but cautioned “it's easier to just supply the fuel than build a power plant.
Sagamu Independent Power Plant (SIPP) has handed out an engineering, procurement and construction (EPC) contract to China Energy Engineering to build a 400 MW combined-cycle gas power plant in Nigeria. The new CCGT will be situated in Sagamu in Ogun state, and will be built at a cost of around $550 million.
The New Northern Policy, launched by the South Korean president Moon Jae-in, is seeking new growth drivers in Russia and Northeast Asia. The Korean energy ministry announced Korea Electric Power Corp (KEPCO) will sign a memorandum of understanding with Russia's energy firm Rosseti later this year. The aim is to create a multinational power grid interconnection in the Northeast Asia region that also includes China and Japan.
The full impact of China’s latest price cap on thermal coal prices will be truly felt only after the Lunar New Year, according to Wood Mackenzie’s Northeast Asia senior consultant, Zhai Yu. “Spot coal purchases are currently limited,” Zhai Yu said. “However, once the ‘Golden Week’ holiday period is over [on February 22], thermal coal demand will rapidly return to normal, especially since gencos have very low inventories.”
Awash with cheap shale gas production, Pennsylvania’s energy mix has reached a tipping point: Five new, highly efficient combined-cycle gas power plants, with 5,420 MW of capacity, are scheduled to open over the course of 2018, followed by three more new CCGT plants by 2020 with 2,478 MW combined capacity.
Seeking to grid-integrate more renewable energy, the grid operator of the Belgian region of Wallonia, ORES, has selected GE Power to install an integrated software solution. Following the implementation, GE’s Advanced Distribution Management System (ADMS) will manage 80% of all electrical connections in Belgium.
Acceleration of Europe’s announced gas-fired power projects is likely after 2020, as many EU countries step up efforts to retire nuclear, lignite and hard coal-fired generation. According to Energy Aspects, there are 17 GW of proposed projects in the UK alone while across Europe that figure is 51 GW.