Striving to jump-start Australia’s economy, Prime Minister Scott Morrison has tabled a National Gas Development Plan, promising over $28 million to develop five gas basins and another $10.9 million on priority pipelines. Subsidies for gas-fired power are also on the cards as the PM aims for a “gas-led manufacturing recovery.”
Western Power Distribution (WPD), network operator for South West, Midlands and South Wales, is adopting digital technologies to make its network more flexible and efficient to better integrate distributed green energy sources. The aim is to lower customers’ energy bills and work towards net-zero emissions.
Global gas demand is recovering from the Covid-19-related “dip” and grows robustly over the next 15 years, spurred by coal-to-gas switching in China, India and Southeast Asia, the Rapid Scenario of BP’s Global Energy Outlook shows. From 2035, however the impetus from Asia fades and gas demand falls back to 2018-levels.
Hyundai Heavy Industries (HHI), the South Korean shipbuilder, has been granted Approval in Principle (AIP) from Bureau Veritas for its ‘all-in-one type’ floating LNG power plant. The power barge is equipped for on-board power generation and transmission, LNG containment and gas supply.
Gas prices at the Dutch Title Transfer Facility (TTF) are set to fall in the near term as the rebound in global LNG prices is encouraging more pipeline gas deliveries to Europe. Analysts at Energy Aspects see supply coming back from the Troll field in Norway, as well as from Algeria to Spain.
Technology companies in Europe and China have embarked on a race to develop and commercialise electrolysers to produce hydrogen as a fuel for industry and power generation. Though China can make the cheapest electrolysers, Europe leads on lean hydrogen technologies. Competition is rife, and set to improve project economics.
Mitsubishi Power has shipped the first JAC gas turbine manufactured in America to J-POWER USA Development for its 1,200 megawatt Jackson Generation project in Elwood, Illinois. The M501JAC gas turbine, currently in transit, will be the first such turbine installed in North America.
Rising use of coal bed methane (CBM) for power generation could make the global CBM market reach $25.2 billion by 2027, growing at an annual rate of 5.9%. CBM, a pure form of natural gas, is often supported by tax incentives and carbon offsets which increases the attractiveness of the fuel.
Spot price differentials between regional U.S. gas trading hub and the benchmark Henry Hub have narrowed in the first half of 2020 amid lower production and a Covid-19-related plunge in demand. Basis prices are set to stay narrow at most hubs, with Winter 2020/21 forward basis swaps for SoCal Citygate and Waha Hub averaging $1.11/MMBtu and -$0.47/MMBtu.
MIT researchers have developed a novel battery, based on sodium/nickel chloride electrodes and a new type of metal mesh membrane. Costs of this battery type are significantly lower due to its stronger and more flexible material that can better withstand the rigors of daily use for industrial-scale energy storage.
Mitsubishi Power’s newly launched ‘Hydaptive package’ for green hydrogen integration will be used at three U.S. projects, worth over $3 billion. The Japanese OEM will build the 600 MW plant in Newburgh, New York, a 1,600 MW project in Virginia and a 1,084 MW project in Ohio.
Xodus Group has been selected by Infinite Blue Energy (IBE) to carry out phase one work for the $300 million Arrowsmith Hydrogen Project, Australia’s first large-scale 100% green hydrogen plant. Situated 320km north of Perth, the 152 MW plant will produce 25,866 kg of hydrogen a day once operational in 2022.