Mobile power provider Aggreko has signed a 4-year contract to provide a hybrid power and energy storage solution for an upstream company in Argentina’s remote Patagonia region. The integrated battery storage will allow the gas-fired generator to take large steps in electric load, without compromising voltage and frequency.
Though Chinese workers have returned to factories of Airbus, General Motors and Toyota in recent days, many remain shuttered due to coronavirus quarantine measures. The recovery of Chinese gas demand is likely to stay subdued well into March, Energy Aspects says, forecasting a drop in LNG offtake volumes at least until early April.
The OPEC+ alliance, dominated by Saudi Arabia and Russia, is reacting to the global coronavirus spread by considering additional cuts to oil and associated gas production. As an emergency measure, crude oil output could be cut by 0.6 million barrels per day (mb/d) on top of the 1.7 mb/d already pledged, in a bid to stabilize prices.
Energy intensity keeps falling in the United States, with the Government forecasting energy consumption will grow more slowly than gross domestic product (GDP) through 2050. In the AEO2020 High Economic Growth Case, more effective energy use of U.S. industry is set to lower energy intensity by 1.6 percent annually.
Saudi Aramco has received regulatory approval to develop the Al-Jafurah unconventional gas field in the Eastern Province. State-run Aramco said it will invest $110 billion to start commercial production by early 2024, in line with the government’s goal to turn Saudi Arabia into a gas and petrochemical exporter.
Asian markets will be able to absorb most of the global gas and LNG supply growth from the mid-2020s, as new supply slows from 30 million tons of new liquefaction capacity last year to less than 20 mtpa by 2025, Royal Dutch Shell said. Europe will hence cease to be a balancing market.
Gazprom’s latest international gas marketing strategy is refocusing the company’s remit on growth in Asia. Having just started pipeline gas deliveries to China, the Russian gas giant seeks to scale up LNG supplies to Asia-Pacific while trying to maintain its strong position in Europe.
Sempra Energy's Mexican subsidiary IEnova has seen fourth quarter earnings rise 22 percent to $253.4 million as the South Texas-Tuxpan pipeline went in service. However, these gains were partially offset by the revenue deferment at the Guaymas-El Oro gas pipeline.
Falling technology prices make solar-plus-energy storage preferable over gas peaking power plants on a levelised cost of electricity (LCOE) basis. According to Wood Mackenzie, unsubsidized utility-scale LCOE for a 4-hour lithium-ion solar-plus-storage will outcompete gas peakers in all National Electricity Market (NEM) states of Australia in 2023.
Venture Global has awarded Siemens a contract to supply and install three boil-off compressor (BOG) packages for the Calcasieu Pass LNG project, currently under construction. Kiewit, the project’s EPC contractor, selected Siemens as equipment supplier.
South Korea’s Samsung C&T has bagged a $977 million order to act as EPC contractor for the construction of the 2,400 MW Fujairah F3 combined-cycle power plant at Qidfa, some 300km northeast of Abu Dhabi. The CCGT, developed together with Marubeni, is due completed by April 2023.
The HyPER project (Bulk Hydrogen Production by Sorbent Enhanced Steam Reforming), led by Cranfield University, will build a 1.5 MWth pilot plant to test hydrogen technology invented by GTI. The research is funded by a £7.5 million grant from the Department for Business, Energy and Industrial Strategy (BEIS) and gets support from U.S.-based GTI and Doosan Babcock.