Tokyo-based Yokogawa Electric will provide a control system and field instruments for the Zerger open-cycle gas power plant in Turkmenistan. The order was awarded by Renaissance Heavy Industries, the Turkish EPC co-contractor that is building the 400 MW gas peaking plant on behalf of Turkmenenergo. Start-up is due by September this year.
Chinese-added power generation capacities in sub-Saharan Africa will total 9 GW over the decade through to 2024, according to International Energy Agency (IEA) estimates. This does not include two large dams under construction – the 2,160 MW Cacula dam in Angola and the 3,048 MW Mambila dam in Nigeria, which are unlikely to be completed by then.
The Japanese utility Osaka Gas, part of Daigas Group, is fast-tracking development of the Himuka LNG import terminal and integrated gas power plant on Kyushu Island. The project, set to replace a coal power unit of Ashai Kasei chemicals company, is on schedule for start-up in 2022.
Industry lockdowns, caused by the coronavirus, have slashed electricity demand in most countries by around 15%. In Spain and California, where grid operators have to balance a substantially higher share of variable renewables, the lockdown “fast forwarded these power systems 10 years into the future,” the International Energy Agency (IAE) commented.
Nearly all of Hawaii’s utility-scale energy storage is installed adjacent to onshore wind turbines or solar photovoltaic (PV) systems. Pairing battery storage with wind and solar helps mitigate some operational challenges of non-dispatchable renewables, as Hawaii aspires to boost its green energy share from 30% at present to 100% by 2045.
Though short-term profits of power and water utilities are hit by the lockdowns of energy-intensive industries to contain the coronavirus pandemic, investors are seeing energy companies as “safe havens” as a recession looms large and stock markets plunge. Amid falling bond yields, investors turn to steady payouts from regulated utilities.
North American shale-focused oil and gas producers are found to have spent $189 billion more on drilling and other capital expenses over the past decade than they generated from selling oil and gas. Wild-caters are struggling to pay off their debts which could trigger write-downs or bankruptcies, analysts warn.
India keeps snapping up distressed cargoes for cheap. Coal-to-gas switching allows Indian power generators to absorb a large share of cargoes left uncommitted as the coronavirus dampens demand in China, and analysts see India’s annual LNG imports to rise by up to 15% this year.
More and more investor-owned utility companies in the United States have conceded to suspend disconnections of customers who do not pay their bills during the coronavirus pandemic. American Electric Power, Dominion, Duke Energy and PG&E are among twelve utilities who agreed relief measures for homeowners and businesses to help avert bankruptcies.
Manufacturing is resuming in China but the recovery from the coronavirus lockdown still needs to translate in a substantial rise in energy demand. The rebound is patchy, Kpler data shows, with LNG imports having rebounded to 1.5 million tons in the first week of February – just to fall off again to less than 0.5 million last week.
Economists see the corona-struck German economy shrink between 4.5% and 9% this year, pushing down energy demand and fuel use which lowers emissions well below targets. Though the German government pledged some €550 billion in ‘virus aid’ to shore up companies, economists at IfW and RWI still anticipate a full-blown recession.
Four pipelines – currently in planning or under construction – will significantly step up gas deliverability into New England, in the northeastern United States. Once operational, these interconnectors will gradually add more than 350 million cubic feet per day (MMcf/d) of pipeline capacity into the region by 2023.