Daily News

Australia’s Woodside Petroleum has announced write-downs of nearly A$6.3 billion (US$3.92bn), mostly related to its exploration assets. Australia’s largest oil and LNG exporter today posted a US$768 million drop in Q2 sales, largely due to a 28.2 percent fall in its realised LNG price.

Monthly gas prices at the U.S. Henry Hub have fallen to a low of $1.63 per MMBtu in June – the lowest inflation-adjusted price recorded over the past three decades, according to government data. Starting from March, mild weather and Covid-19 related lockdowns depressed demand and prices.

National Grid has started the construction phase of the 1.4 GW Viking Link – the world’s longest interconnector stretching over 2.4km between the UK and Denmark. Works in Lincolnshire began this week, with Siemens Energy building the converter stations on both sides of the link.

Coal is no longer a favourite fuel in Japan’s new energy policy which stipulates to mothball or retire up to 100 inefficient coal-fired power plants by 2030. Analysts say this will shift Japan’s energy mix towards nuclear and gas, creating upside for LNG imports.

TROIL Vegas Altas, an olive oil treatment plant in Valdetorres, Spain, has contracted Cummins to install a QSK60G lean burn gas generator. The genset offers 1540kW of continuous power supply, with operations stabilised by a Cummins PC3.3 controller incorporated within the generator.

The Finish technology group Wärtsilä will supply a flexible baseload 200 MW power plant to a country in the Northern Andes. The customer signed the contract in June and commercial operation of the plant, powered by 11 Wärtsilä 50SG, is due to start at the end of 2021.

Though U.S. rig counts decline and dry gas production fell by 0.3% in recent weeks, overall gas supply is up 0.6%, largely due to rising output at Marcellus Shale. Gas-burn in the power sector is the only let-out for excess supplies, with rock-bottom prices accelerating coal-to-gas switching.

The global gas turbine market will grow by $2.44 billion, or 2%, over the next four years, according to Technavio research. The market is fragmented and sales badly hit by the coronavirus crisis, but analysts say the degree of fragmentation will accelerate in the years through to 2024.

German Energy Agency dena has advised the Government to support households by lowering the renewable surcharge they pay with their power bills, also known as the EEG levy, to zero by 2021. The resulting lower electricity prices would help stimulate private consumption.

Denmark’s decision to allow Gazprom to build Nord Stream-2’s final stretch with Russian pipe-laying vessels means the controversial interconnector will become a reality. Fresh U.S. sanctions “cannot stop the project now” analyst say, as the permit makes works “cheaper and easier” for Gazprom.

Shell says its REFHYNE hydrogen electrolyser project, based on proton exchange membrane (PEM) technology, will be supported by the European Commission’s new hydrogen strategy. The policy sets out pathways how clean hydrogen can help the EU reach is 2050 net-zero emissions target.

Shanghai Electric, in consortium with Ansaldo Energia, has been contracted by North West Power Generation to design and build a combined-cycle gas power plant in Rupsha, western Bangladesh. The 880 MW plant will be powered by two GT26 gas turbines, manufactured by Ansaldo in Genoa.

News in Brief

Petronas to truck LNG to off-grid users

Sept 29 – Petronas Dagangan Group is gearing up to build a LNG truck delivery service for off-grid customers in Peninsular Malaysia. Trucks fitted with cryogenic tanks will bring the super-chilled fuel to remote industries and small-scale power generators with no access to the natural gas grid. Malaysia’s Peninsular Gas Utilisation (PGU) pipeline is only 2,500 kilometers in length and was initially built to export gas to Singapore.

Siemens to reduce emissions at NLNG

Sept 28 – Nigeria LNG has contracted Siemens Energy to provide a cryogenic boil-off gas (BOG) compression train for its liquefaction plant on Bonny Island. The new BOG train will be driven by an high-efficiency electric motor and includes two compressors. Manufactured in Duisburg, Germany, the equipment will be delivered in the fourth quarter of 2021.

Supercapcitors to replace batteries

Sept 25 – The global market for supercapacitors was valued at over $487 million last year and is forecast to top $1,570 millio by 2025, growing at an annual rate of 21.8%. Supercapacitor, an emerging technology for energy storage systems, can offer higher power density than batteries was may soon replace the latter.

Atos, Siemens expand digital partnership

Sept 24 – Atos, a global leader in digital transformation, has expanded its strategic partnership with Siemens AG for five years, helping the latter with data driven digital, cloud transformation and cybersecurity. The extension comes in the context of 5-year total €3 billion agreements which were separately signed with Siemens AG, Siemens Energy and Siemens Healthineers.

Rotterdam Port to store CO2 beneath the North Sea

Sept 23 – The Porthos project, a joint venture between the Port of Rotterdam Authority, Gasunie and EBN, seeks to transport CO2 from industry in the port to empty gas fields beneath the North Sea. In its early years, the Carbon Capture Utilisation and Storage (CCUS) will be able to store approximately 2.5 million tonnes of CO2 per year with plans to be operational by 2024.

German power sector to reach net zero in 2040s

Sept 22 – Revisions to Germany’s Renewable Energy Act (EEG) stipulate the power sector should become greenhouse-gas neutral in the early 2040s. Despite the gradual electrification of heating and transport, the German energy ministry is so far sticking to its estimate of 580 terawatt-hours (TWh) of power consumption in 2030 – close to current levels.

B&W to supply superheaters to Lumiant

Sept 21 – Babcock & Wilcox’s thermal segment has been contracted to design, manufacture and supply new superheater components for a high-efficiency boiler at Luminant’s Oak Grove Power Plant near Franklin, Texas. Material delivery to Oak Grove is scheduled for February 2021.

EC targets 55% emission cut by 2030

Sept 17 – The European Commission’s latest 2030 Target Plan stipulates a 55% cut in emissions by 2030, compared to 1990-levels. The lobby group COGEN Europe stressed the importance of combined heat and power generation (CHP) to reach that goal, calling for more stable policies and supportive regulation.

Rolls-Royce may sell ITP Areo

Sept 17 – Britain’s prime manufacturer Rolls-Royce confirmed it is looking to strengthen its balance sheet, possibly by disposing of ITP Aero which his hoped to generate proceeds of more than £2bn over the next 18 months. Further cost cutting is meant to deliver £1 billion and revamping of the company’s Civil Areospace business should save another £1.3 billion.

China’s GDP may grow 1.8%

Sept 16 – China’s GDP is forecast to grow 1.8% this year as the economy recovers from the Covid-19 pandemic. The government slashed electricity tariffs to support manufacturing but the Asian Development Bank (ADB) warns of mounting credit risk for banks. Fiscal revenue pressure also intensifies as 1.5% of China’s GDP growth in the first half of 2020 was based on bond-funded investment by local governments.

Zeebrugge goes for green hydrogen

Sept 15 – Colruyt Group (Eoly), Parkwind and Fluxys aim to spend up to 35 million Euros to develop a green hydrogen plant in Zeebrugge, Belgium, by 2023. The plan is to convert off-shore wind energy into green hydrogen which can then be injected in the high-pressure natural gas transmission grid.

Shale gas market to top $41bn

Sept 14 – Global markets for unconventional gas, mostly developed by shale fracking, is forecast to grow at an annual rate of 7% to reach $ 41.76 billion by 2024. According to Technavio, the Americas region will remain dominant with an 87% market share as hydraulic fracturing technologies evolve. Top players in the market are BP, Chevron, ConocoPhillips, Exxon Mobil, PetroChina, Gazprom, Shell, Santos, Saudi Arabian Oil Co., and YPF.

SNAM, Saipem join forces on hydrogen

Sept 11 – Two Italian energy companies, SNAM and Saipem, have agreed to develop initiatives for green hydrogen production and transport, as well as for carbon dioxide capture, transport and reuse or storage (CCRS). The move supports the European Commission’s Hydrogen Strategy to reach net-zero emissions by 2050.

MAN, Wasco to drive Power-to-Gas Tech in Asia

Sept 10 – MAN Energy Solutions and Wasco have signed a Memorandum of Understanding (MOU) to promote and commercialize Power-to-X (PtX) projects in South-East Asia. The technology in question converts electricity into carbon-neutral synthetic fuels, gas or liquid, for use as a clean, carbon-neutral energy source.

Romgaz, GSP to realise 200 MW gas and solar project

Sept 9 – Romania’s state gas company Romgaz has agreed to build 200 MW power generation capacity with the privately-owned Grup Servicii Petroliere (GSP) which is controlled by the local businessman Gabriel Comanescu. The project entails a 150 MW gas-fired power plant and a 50 MW solar photovoltaic park, to be built on the site of a disused coal power plant in southern Romania.

Alaska uses twice as much energy for transport as NY

Sept 8 – More energy is used per person for transportation in U.S. states with low population density. According to the U.S. Energy Information Administration’s (EIA), people in geographically large states with small populations, such as Alaska, Wyoming and North Dakota, are useing twice as much energy for transportation than the U.S. average on a per capita basis. That’s in stark contrast to states with higher population density, such as Rhode Island and New York.

Hydrogen Council launched in Kobe/Kansai area

Sept 7 – Mitsubishi Power, part of MHI, and various Japanese energy companies have set up the so-called ‘Kobe/Kansai Hydrogen Utilization Council’ to develop new utilization methods and establish a regional hydrogen supply chain. The aim is to help Japan shift to a carbon-free, hydrogen-powered society by 2030.

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