Sluggish industrial demand will impact US gas prices at Henry Hub well into the New Year. Baseload industrial gas demand is forecast to only reach pre-pandemic levels in the third quarter of 2021, with US Steel having over half of its tubular production capacity idled as pipeline projects are on hold.
Kansas-headquartered Burns & McDonnell has been selected to act as owner’s engineer for Kineticor’s Cascade gas power plant in Edson, Alberta. The $1.5 billion project is designed to generate 900 MW of electricity and is scheduled to start full commercial operation by 2023.
If China is serious about becoming carbon neutral by 2060 it has to clamp down on coal, the International Energy Agency (IEA) argues. Beyond 2040, there is “practically no carbon budget for unabated coal generation," so China’s next 5-Year Plant needs to cap unabated coal use.
Newly-listed Siemens Energy has reported a net loss of €390 million in the fourth quarter, compared with a profit of €79 million in the previous-year period. The Berlin-based company had to adjust its aero-derivative gas turbine segment, writing down €956 million.
GenCell, along with other fuel cell makers, have urged the incoming US President to focus on hydrogen. The Biden administration’s climate plan will see $400 billion spent on clean energy over 10 years, and fuel cell makers want a similar commitment to building out the hydrogen economy.
US-Vietnamese joint venture Chan May is developing a $6 billion integrated LNG import and power plant in central Vietnam’s Hue province. The first 2,400 MW of generating capacity is meant to be operational by 2026, followed by an additional 1,600 MW by 2028.
Jo Biden is set to transform US energy policies, promising a boost for offshore wind and restrictions for hydrocarbons. The President-elect pledged to end sales of new leases on public lands and waters. If permanent, this would lower US offshore oil and gas production by about 30% by 2035.
Targeting industrial customers, Siemens has worked with MW Storage, Fluence and Vibeco to develop a new virtual power plant (VPP) with energy storage, supported by financing. The first project will be installed at the Finnish brewery Sinebrychoff, part of Carlsberg Group, by summer 2021.
Cummins has installed QSV91G gas generators at a new 16 MW power plant in the city of Dawei. Myanmar’s southern trade hub has been suffering from inadequate power supply and grid infrastructure, so the government asked Petro & Trans Co to install a fast-ramp power plant.
Austria-based INNIO, formerly part of GE, has acquired the two firms ECI-Distribution and PowerUp in an effort to increase its expertise in service and components for gas engine and cogeneration plants. The transaction is still subject to regulatory approvals.
Natural gas use by Mexico’s industries and power generators has recovered since August after having slumped to 7.5 billion cubic feet per day (Bcf/d) in May 2020 following Covid-related lockdowns. The demand rebound sparked a rise in US gas exports, almost all transported by pipeline.
Gazprom has obtained commercial gas inflow of over 1 million cubic meters per day at the Leningradskoye field, which proves the field’s productivity is “much higher than anticipated.” Development of the Russian Arctic Shelf is key to ensure reliable long-term gas supplies to customers in Europe.