Boston-based Clean Energy Future has stepped up efforts to raise financing to start construction of the 940-MW Trumbull Energy Center in Lordstown, Ohio, this summer. The aim is to commission the plant in 2020. The project had been held up by a lawsuit with Macquarie, the majority owner of the nearby Lordstown Energy Center.
Electric load at the MISO grid in the Midwest of the United States was pushed to its limits during the recent period of extreme cold weather in late January. According to EIA figure, day-ahead gas spot prices reached $7.42/MMBtu) at Chicago, the main hub in the region, while MISO day-ahead electricity prices surged to $120/MWh.
Enagas, the Spanish gas network and LNG terminal operator, has announced construction of the Trans Adriatic Pipeline (TAP) - part of Europe’s Southern Gas Corridor - is 85% complete. Enagas saw a 1% rise in its 2018 annual profit to 442.6 million Euros amid a 4.5% increase in conventional gas demand.
Pakistan’s Economic Coordination Committee (ECC) has approved the terms of a power purchase agreement (PPA) and a gas supply deal for what will be the fourth LNG-fuelled power project in Punjab province. Built by a Chinese EPC company near the city of Jhang, the start-up of the 1,263 MW plant is being fast-tracked to help avert a regional energy crisis this summer.
From 2025, Clean Energy Fuels Corp. will make Redeem renewable natural gas (RNG), produced organic from waste, available at all of its fueling stations in North America. By transitioning exclusively to RNG, the California-based supplier wants to achieve zero-carbon intensity to outcompete fossil fuels and electric vehicles, which are unlikely to hit that mark unit 2045.
PTT Global Chemical (GC) has signed a 10-year extension to its service agreement with General Electric that will see the latter service six GE 6B and three Frame 5 gas turbines at GC’s Map Ta Phut Industrial Estate power plant in Rayong, Thailand.
ABB’s service team in the United Arab Emirates has installed Ekip UP circuit breakers – low-voltage digital monitoring and control units – in substations run by the Sharjah Electricity & Water Authority (SEWA). The retrofit lowered cost by 50% and dramatically improved the units’ operational flexibility.
The Australian government has agreed to support a second Bass Straight interconnector – the 1.2 GW Project Marlin – with up to A$65 million ($40m). The funding was granted based on a feasibility study by TasNetworks which shows the power cable, set to deliver renewable power from Tasmania to Victoria, is both technically feasible and economically viable.
Voters in a referendum have approved developers to proceed with a long-delayed gas power plant in central Mexico, one of seven projects halted in the region. About 60% of the votes cast were in favour of finalizing construction of the $1.3 billion power plant project in Huexca, southeast of Mexico City.
Marubeni Corp and the energy-tech firm LO3 Energy have launched a pilot project in Japan whereby LO3 Energy will administer a virtual energy market place, using blockchain to connect several of Marubeni’s power production facilities and test simulated transactions.
Following a 9E gas turbine installation at Iraq’s Ministry of Electricity’s (MoE) Al-Quds power plant, GE Power now prepares to provide maintenance, supply part and rehabilitation services for up to seven 9E turbines at the 874-MW plant in 2019.
Spanish-owned Scottish Power has unveiled its “biggest ever investment in the UK in a single year," announcing to splash out £2 billion on green energy in 2019. Programmes include building giant batteries to store excess energy at wind farms, investing in smart grids for customers to buy and sell electricity, and charging points for electric cars.
U.S. engineering company McDermott International has posted a fourth-quarter loss, largely due to $2.2 billion in charges related to works on Cameron LNG and Freeport LNG and higher construction costs for Calpine’s York 2 Energy Center. The Houston-based McDermott today reported a net fourth quarter loss of $2.8 billion – a stark contrast to its $26 million profit in Q4-2017.
Natural gas will become the fastest-growing energy source in the coming decade, displacing coal as a fuel for power plants and heavy industries, Royal Dutch Shell said in its 2019 LNG Outlook 2019. Global energy demand is seen grow 18% by 2035, spurred by clean-air policies in China and India, with gas set to meet 40% of that largely through expanding LNG trade.
Novel, a Swiss-Italian joint venture between Alpiq and Geogreen, has turned to General Electric to modernize its gas combined-cycle cogeneration power plant in Novara, northwest Italy. The contract will see GE upgrade the gas turbine that drives the CHP to increase power output and steam for the industrial process at Radici Chimica’s chemical plant.