The German government is striving to set up a production and import chain for renewable hydrogen from West African countries, where it can be produced cheaper due to better wind and solar condition. Once liquefied and shipped to a German port, the green hydrogen would help decarbonize the country's energy-intensive industry and transport sector.
Thailand’s latest Power Development Plan aims for natural gas to provide over 53 percent of the country’s energy by 2037, which requires a boost in LNG imports. With the cost of domestic gas production reaching $8/MMBtu, Electricity Generating Authority (EGAT) is keen to import spot LNG cargoes.
As Germany exits both nuclear and coal generation simultaneously over the next few years, more flexible gas-fired generating capacity and energy storage will be required to balance the grid. The gas industry hence urges the Government to introduce regulation to launch capacity markets to incentivize enough new-build gas power units by 2030.
New Fortress Energy (NFE) has signed an LNG supply deal for eight cargoes a year from its liquefaction units in Miami, Florida, for 10 years through January 2030. Most cargoes will head to Puerto Rico, where NFEnergía supplies regasified natural gas to two converted units at the San Juan power plant.
Nigerian National Petroleum Corporation (NNPC) has secured a grant worth nearly $1.1 million from the US Trade and Development Agency (USTDA) to evaluate the technicality and economics of developing a 1,350 MW combined-cycle gas power plant in Abuja. The CCGT would run on domestic gas.
China’s coronavirus health crisis has slashed the country’s gas demand by 2 billion cubic metres (Bcm) by the end of the first week in February, mostly due to industry closures and quarantined workers. Anticipating a “limited resumption of economic activity,” Wood Mackenzie says full-year 2020 gas consumption could be between 6 Bcm and 14 Bcm lower.
Australian mining giant Fortescue Metals Group is fast-tracking a US$450 million power generation project at its Pilbara iron ore mine. Featuring 150 MW of gas-fired capacity, 150 MW of solar photovoltaic and a large-scale battery storage, the hybrid project will help reduce the mine’s energy costs.
Mýa, a digital interface launched by MAN Energy Solutions, enables the exchange of data in a controlled and secure manner among participating Original Equipment Manufacturers (OEMs), power plant operators and asset owners. The aim is promote collaborations among the marine, power generation, and energy industries.
Energy independence of the United States will be tested in the 2020s, unless there is a sharp reversal in the collapse of fresh capital expenditure in the shale sector, CME Group finds. Currently, CAPEX in shale oil and gas fracking is dwindling, and rig counts are falling.
Qatar Petroleum's CEO Saad bin Sherida Al-Kaabi has told the Gas Exporting Countries Forum (GECF), often referred to as Gas OPEC, that renewables are "no threat" to natural gas but rather “complementary.” As Qatar advances solar PV projects, fast-ramp gas gensets are seen as ideal backup systems.
Ships at the Port of Kiel will soon benefit from Germany’s largest shore power system to date. With 16 megavolt amperes (MVA), Siemens’ Siharbor solution will supply two ships simultaneously with certified eco-power. Test operation will start in the 2020 cruise ship season.
Nemo Link, the first ever UK-Belgium power cable with 1,000 MW capacity, has allowed National Grid to import substantial amounts of cheap renewable energy. Over 5,889 Gigawatt-hours (GWh) of electricity were imported to the UK in the first year of operations and nearly 176 GWh to Belgium through a "near real-time" power trading system.