Strong economic growth in Asia and other non-OECD countries is forecast to push up the world’s energy consumption by nearly 50 percent over the next three decades. According to the U.S. government projections, industry accounts for most of the energy demand growth and is expected to reach about 315 quadrillion British thermal units (Btu) globally by 2050.
Mitsubishi Hitachi Power Systems (MHPS) President and CEO Ken Kawai has used his New Year address to highlight the company’s focus on decarbonization by promoting fuel conversions to biomass, hydrogen and ammonia. In 2020, the MHPS President anticipates “further growth” for combined-cycle gas turbine orders to help convert CCGT and ICGT units to hydrogen co-firing.
Zhefu Holding Group of China and the Myanmar-listed firm Supreme Trading Co. have made plans to invest up to $2.57 billion to build an LNG import terminal and adjacent gas-fired power station at Mee Laung Gyaing. The integrated project will cover the energy needs for regional industrial zones, hotels and the city of Yangon.
Hong Kong-listed VPower Group, together with Myanmar’s Zeya Associates, are fast-tracking construction works for four emergency power projects in Myanmar, after having won a competitive tender in mid-October. The three power units, with a combined capacity of 900 MW, will be operated on imported LNG.
Engas, the Spanish gas transmission system operator, has recorded an 80 percent rise in gas demand in the year just past, reaching 111 TWh. Coal-to-gas fuel switch in the power sector was the main cause of the “extraordinarily high demand,” along with higher industrial consumption, Enagas said, pushing up Spain's total 2019 gas demand to 398 TWh.
Smart electrically-driven heating is a “valuable field in which to invest”, Delta-ee says with reference to over 30 million units of electrically-driven heating units across Europe. In the UK, new business models provide heat-as-a-service, helping the customer avoid buying natural gas or wood pallets to fuel heating appliances by simply purchasing the heat, and comfort that comes with it.
Lowest levelized cost of energy (LCOE), a widely-used metric to compare the profitability of power sources, is “not the right approach” when it comes to hybrid units, according to the U.S. National Renewable Energy Laboratory (NREL). “A paradigm shift is underway,” NREL said, stressing hybrid plants that include energy storage need to be rewarded for providing flexibility and grid ancillary services.
Four of Japan’s nine currently operational nuclear power plants face shutdowns in 2020 as the country’s Nuclear Regulation Authority (NRA) is enforcing stricter anti-terrorism measures at nuclear facilities. Analysts expect this will trigger a rise LNG or thermal coal imports.
US equity fund Kohlberg Kravis Roberts (KKR), alongside Alberta Investment, has sealed a deal to purchase a 65 percent equity interest in the Coastal GasLink Pipeline. Spanning over 416 miles, the gas interconnector links the Montney Shale with the Pacific Coast and has been built by TC Energy at a cost of cost of C$6.6 billion (US$5.04bn).
Heads of state in Russia and Germany have reacted angrily to sanctions imposed by U.S. President Donald Trump against building Nord Stream 2, the second 55 Bcm/year pipeline leg of the Baltic Sea interconnector. The sanctions target in particular the Swiss-Dutch pipe-laying firm AllSeas, which suspended works in anticipation.
The stark gap between government pledges to reduce emission and the lack of far-reaching actions heralds a growing regulatory risk. According to Fitch Ratings, energy-intensive industries, thermal power producers and the transport sector can be hit by a sudden rise in more stringent climate rules.
Burckhardt Compression has been contracted to deliver a high-speed compressor to Ganzair in Hungary, where it will be used to inject natural gas from a key transmission pipeline to a nearby underground gas storage (UGS). The ISO 13631-compliant compressor is the first of its kind made by Burckhardt for this application in Europe.
Marubeni and LO3 Energy, an energy-tech firm, have launched a virtual market place in Japan, using blockchain to connect several of Marubeni's small-scale power units and test simulated transactions. Ultimately, the JV partners want to create a utility-scale network with associated trading platform. In the United States, LO3 pioneered its transactive platform by setting up a microgrid in Brooklyn, New York.
Brazil’s state development bank (BNDES) has agreed debt financing of over 2 billion Brazilian Real (US$0.49bn), spread over 24 years, for the 565 MW Marlim Azul combined-cycle gas power project in Macaé, Rio de Janeiro State. The 565 MW plant is being co-developed by Patria Investments, Shell and Mitsubishi Hitachi Power Systems Americas (MHPS).
The U.S. Energy Information Administration (EIA) has made it easier to access and use information by launching a State Energy Portal. When visualizing data for one state, users can add other states, regional, or weather data to make quick comparisons. They can also filter by data frequency, time period, geographic location, energy source, and sector.