Italy’s Eni is reorganizing its internal structure by effectively splitting its traditional oil & gas segment from its new clean energy business. Eni CEO Claudio Descalzi called the plan an “irreversible path” aimed at making the company a leader in the energy transition.
Malaysia’s state energy company Petronas has supplied two LNG cargoes to Myanmar to fuel three power projects with 900 MW combined capacity, developed by China National Technical Import & Export Corp. (CNTIC) and Hong Kong-based VPower Group. The LNG cargoes were shipped from Bintulu to the port of Yangon.
Sharp decline of coal-burn in Germany, falling to less than 16% of the energy mix in April during the lockdown, shows that the country’s plan to exit coal by 2038 has been “overtaken by reality.” Environmentalists hence urge the Government to “prepare for a much earlier coal phase-out.”
Black & Veatch has been selected by the Intermountain Power Agency (IPA) as owner’s engineer to help transition its power plant to green hydrogen. IPA plans to retire the coal-fired facility and replace it with an 840 MW gas combined-cycle plant in 2025, capable for hydrogen co-firing.
Germany, France, Italy, Spain and the UK could soon largely depend on variable renewable energy (VRE), as an additional 169 GW of wind and 172 GW of solar power is planned to be grid-connected by 2040. Purpose-built flexibility assets, like gas generators and energy storage, are indispensible for this transition.
Vattenfall has commissioned the Berlin-Marzahn combined heat and power (CHP) plant, built by Siemens as general contractor. The CHP supplies district heating for the eastern part of Berlin and has a maximum fuel efficiency of 92%, making it one of Europe’s most efficient power plants.
MAN Energy Solutions has installed, commissioned and handed over a 56 MW power plant block to its customer, Bermuda Electric Light Company (BELCO). The new unit expands the Pembroke power station which supplies most of the energy needs of Bermuda’s capital city Hamilton.
Petronas’ Kasawari gas field development project, offshore Sarawak in Malaysia, will be powered by Siemens SGT-300 turbines. With 3 trillion cubic feet (Tcf) of recoverable reserves, the field will produce up to 900 mmcf of gas per day for delivery to the Petronas LNG complex in Bintulu.
Ansaldo Energia has completed construction and commissioning of the Mornaguia gas power plant in Tunisia ahead of schedule, despite difficulties related to the coronavirus pandemic. STEG, the owner of the 625 MW plant, can now bring the facility to full capacity in time for peak summer demand.
New technologies to produce green hydrogen will allow for 34% of global emissions to be cut “at manageable cost,” Bloomberg New Energy Finance finds. Excess renewable energy can be turned into hydrogen at $0.8 to $1.6/kg in most parts of the world before 2050, which would make it competitive with gas prices in Brazil, China, India and Germany.
Chart Industries has teamed up with privately-held Risco Energy Solutions to provide LNG equipment like storage tanks, ISO containers and trailers in support of Indonesia’s growing LNG-to power market. The agreement, signed in Q2-2020, is part of a series of gas-to-power or LNG fuelling-related orders.
September is the first month when both oil-indexed and JKM LNG prices look commercially competitive with coal in the Korean power market. Energy Aspects says the fuel switch could cause 1 million tons per month of incremental LNG demand from September 2020 until January 2021.