Global market for battery energy storage is seen surge at a dazzling rate of 46.7 percent to reach $111.34 million by 2026. Data Bridge market research sees growing demand for grid-connected lithium-ion batteries to back up intermittent electricity supply from wind and solar power sources.
Belarus’ state-run energy provider RUE Minskenergo has contracted Siemens to supply six SGT-800 industrial gas turbines and related equipment for a peak load power plant in Minsk. The 300 MW unit is scheduled to be commissioned in December 2021.
New Fortress Energy (NFE), the owner of gas liquefaction facilities in Florida, has agreed to supply LNG to Nicaragua as part of a power plant venture. Under the deal, NFE will build a floating LNG import unit and a 300 MW gas-fired power plant by the second half of 2021.
Pressure keeps piling up on the Northeast Asian LNG market as the coronavirus outbreak destroys demand. The Japan-Korea-Marker (JKM) for Apr-20 and Mar-20 delivery contracts trade at a discount to the Dutch TTF hub. For summer, Energy Aspects anticipates spreads as low as -0.15 $/MMBtu.
Saudi Arabia, the world’s largest crude oil exporter, is gearing up to selling also natural gas and petrochemicals to global markets in a bid to diversify its economy. The Kingdom has been investing in gas exploration and recently made a large discovery in the Red Sea.
Germany must exit coal-fired power generation much faster than planned to comply with the Paris Climate Agreement, the German Institute for Economic Research (DIW) finds. To meet climate goals, a coal phase-out would have to be completed by 2030, or better before.
Japan-based Marubeni, together with Engie of France, have formed a consortium with Abu Dhabi Power Corp (ADPower) to develop the Fujairah F3 independent power project. Construction is due to start “swiftly” for the plant to generate “early power” by summer 2022, and reach full operation by summer 2023.
Warm weather and plentiful dry gas production has pushed down the daily spot price at the U.S. benchmark Henry Hub this winter heating season. A low-point of $1.81/MMBtu was reached at Henry Hub on February 10, while NYMEX gas futures traded as low as $1.77/MMBtu on the same day.
Alexey Miller, CEO of Gazprom, and the Government of Belarus have agreed on the pricing of Russian gas deliveries until the start of 2021. The transit volume of Russian gas is understood to remain at the same level, ensuring stable onward deliveries to Germany via the Belarus-Poland pipeline.
Scott Morrison, the Australian Prime Minister, has singled out natural gas as the “only credible route for pursuing an energy transition.” To enact his gas-led energy policies, the PM seeks to double gas production in New South Wales which hinges on Santos going ahead with the Narrabri gas project.
Turbine inlet temperatures already exceed the melting points of turbine blade materials in modern facilities but researchers have come up with a novel approach to turn the heat even higher. Nekomimi film cooling, developed by Kawasaki and B&B Agema, allows to further increase temperatures at the combustor exit and high-pressure turbine stage inlet.
Belgium-based greenhouse growing company Varegro has chosen to install a Cummins HSK78G gas generator to power its facility in Oostrozebeke, West Flanders. On site, the generator provides thermal and electrical energy by recovering CO2 for a greenhouse premises spanning 40,000 square metres.