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.
Swiss gas compression solutions company Burckhardt Compression has posted a rise in sales and profits in fiscal 2019 although incoming orders fell below pre-year figures. Gross profit came in at 149.8 million Swiss francs, a 10.4% rise year-on-year, resulting in a profit margin of 23.8%.
Chinese equipment manufacturer Shanghai Electric has upgraded its digital platform SEunicloud to match industrial energy demand with supply from wind farms and distributed thermal power units. The platform integrates various energy sources and energy storage.
Engie, Siemens, Centrax, Arttic, German Aerospace Center (DLR) have started field trials on the world's first industrial-scale power-to-X-to-power demonstrator as part of the HYFLEXPOWER project. The aim is to produce, store and use renewable hydrogen to fire a Siemens SGT-400 industrial gas turbine, installed at cogeneration plant operated by paper factory in France.
Climate policy linked to the European Green Deal and the digital transformation will be “at the centre” of the German EU Council presidency in the second half of 2020, Chancellor Merkel told parliament. “Recovery after the crisis must be a ‘green recovery,’” a strategy paper by the foreign office reads.
PT Pertamina, better known as Persero, has contracted Siemens to supply a range of compression and power generation equipment for the Balikpapan refinery, situated on Indonesian island of Borneo. The refinery will have a residual fluid catalytic cracker with a capacity of 90,000 barrels per stream per day (bpsd).
Golar’s 1.5 GW Sergipe power project in Brazil has received Commercial Operation Date (COD) acceptance which triggers the start of earnings under a 25-year PPA and the associated charter for FSRU Golar Nanook. Combined pre-inflation revenue could amount to over $1.8 billion.
In Italy, GE has completed the installation of a new rotor and a compressor on a 9F.03 gas turbine at Tirreno Power’s 1,200 MW Torrevaldaliga Sud Power Plant near Rome. The modernization project started in late February and works were finished on time and safe amidst the pandemic.
The UK gas system is out of balance as resilient domestic production, Norwegian pipeline gas and LNG are overwhelming the market. With demand staying “weak” and storages filling fast, Wood Mackenzie suggests capping LNG imports at 2 billion cm/month through the summer.
Siemens Gas and Power will supply three cryogenic boil-off gas compressor trains for the Golden Pass LNG export terminal at Sabine Pass, Texas. The contract was awarded by McDermott, Chiyoda and Zachry Group – the EPC contractors who are building the liquefaction plant on behalf of Qatar Petroleum and ExxonMobil.