The Nigerian government has announced plans to implement a new gas pricing regime on May 29 in an effort to reduce chronic supply shortfalls and subsequent electric power cuts. Payment issues, and problems with debt collections, have so far made it difficult to enforce domestic gas supply obligations for critical infrastructure such as power stations.
TTS Martin, the EPC lead for a combined heat and power project in Slovakia, has contracted Rolls-Royce to supply Bergen reciprocating gas engines to replace existing coal-fired gensets. The CHP is being built on behalf of the state-owned utility Martinska teplarenska and is scheduled to start commercial operations in early 2020.
Energy giant E.ON has delivered a strong operating performance in the first quarter of this year in all markets except the UK. The Essen-based company blamed Britain’s new regulatory cap on energy price for the €90 million decline in its earnings there.
Dominion Energy’s CEO Tom Farrell is pushing to resume construction works on the $7.8 billion Atlantic Coast Pipeline, vowing to take the case to the U.S. Supreme Court, if needed. Though “frustrated” by regulatory hurdles, Farrell said he would not back down from the project which is meant to transport fracked natural gas from West Virginia via Virginia to North Carolina.
Falling gas prices in Europe and Asia pose no risk of reducing US LNG exports, the Cheniere CEO Jack Fusco told analysts. “There haven’t been any spot cargos that haven’t cleared the US and made a margin,” he said in his company’s Q1-2019 earnings call.
Australia, in its third consecutive year of record-breaking emission levels, has finally started to promote the use of electric vehicles. Research, led by the Electric Vehicle Council (EVC), finds if Australia extensively adapts to an electric-powered mobility system it can eliminate 16 million barrels of imported oil every year by 2030.
Germany-based MAN Energy Solution has opened its new U.S. headquarters in Brookshire, some 30 miles west of Houston, Texas. The new workshop and office complex combines engine and turbomachinery repair operations, which were formerly located at two different Gulf Coast sites.
Swiss-based energy trading company Axpo and German LNG Terminal GmbH, the joint venture formed to build Germany’s first LNG terminal, have signed a Heads of Agreement (HoA) for a long-term capacity contract for LNG offtake from the terminal to be located at Brunsbüttel on the River Elbe in northern Germany. The HoA was claimed to be another important step towards taking the investment decision on the terminal.
US demand for coal to generate electricity will keep falling in the coming months, federal officials said Thursday. This is despite President Trump’s efforts to shore up the struggling industry. Renewable energy sources including wind, solar and hydropower are expected to fill much of the gap left by coal's decline, according to the Energy Information Administration (EIA). However, natural gas is expected to remain the fuel of choice for power generation with an expected 40% share of US markets this summer.
China’s switch from coal to gas, to de-carbonise its energy mix and tackle pollution under its Blue Sky policy, requires importing considerably more gas imports and investment in related infrastructure, DNV GL said in a report. Gas currently accounts for only 7% of China’s energy mix, compared to a global average of 22% – but the Chinese government aims to boost that share to 10% by 2020, and as much as 15% by 2030.
This week, the UK’s National Grid claimed it had produced electricity without using coal for seven days. The UK pioneered the use of coal-fired power stations back in the 1880s and became a prolific user of coal as well as a major exporter, which lasted for nearly a century. “As more and more renewables come onto our energy system, coal-free runs like this are going to be a regular occurrence," said Fintan Slye, director of National Grid Group’s Electricity System Operator.
“The path towards a de-carbonised future is unstoppable,” claims David Ledesma, Energy & Strategy Consultant and Senior Research Fellow at the Oxford Institute for Energy Studies (OIES). The industry must, therefore, develop long-term strategies as to what it will do to achieve the European carbon emission targets and set out what additional costs will be incurred and who will pay them.
Gibraltar has officially opened a new liquefied natural gas (LNG) regasification terminal recently completed by Shell and Gasnor - a 100% Shell-owned subsidiary. As a result, Gibraltar is switching from diesel-fueled power generation to cleaner-burning natural gas, using a newly commissioned 80 MW gas-fired power plant.
Siemens is to spin-off its Gas and Power (GP) division as part of the next phase in its ‘Vision 2020+’ plan. The plan involves creating a major new player in the energy market with a business volume of €30 billion and over 80,000 employees through the spin-off and the transfer of Siemens’ SGRE stake.
With a wave of coal-fired power plant closures in Alberta, Canada over the next several years, natural gas demand in the province is projected to surge. Alberta has told power companies to shut all coal-fired facilities by 2030.