Norwegian state-owned utility Statkraft aims to start power production at the Knapsack II combined cycle power plant (430 MW) by this summer. "Operations of Knapsack II - a modern CCPP with a highly state of the art efficiency - will benefit from synergy effects with the already existing plant Knapsack I plant," Torsten Amelung, Managing Director and Senior Vice President Trading, Origination & Business Development, Statkraft Markets GmbH.
Siemens has posted an overall 3% decline in new orders in the first fiscal quarter of 2013 amid weakening industrial demand for products from its 'automation & drive' sector. Revenue from its 'energy' segment continues to grow.
In the face of persistently high oil-indexed gas prices in Asia, the Institute for Energy Economics in Japan (IEEJ) calls for demand-side response and urges operators to improve the efficiency of gas-fired power plants.
2013 could be the year in which the share of total European supply priced under oil-indexed formulas falls to less than 50%. "We believe this could be a tipping point," says SocGen analyst Thierry Bros.
Despite the quest of the Chinese government to fast-track developing domestic shale gas reserves to underpin new gas-fired power plant projects, analysts stay sceptical.
"We remain cautious about the potential of shale gas in China," says Gavin Thompson, Principal Consultant, Asia Pacific Gas & Power at Wood Mackenzie. "The proven reserves in China are incredibly low, most of the terrain is very rough and challenging and the companies involved are inexperienced in terms of technological expertise in extracting gas," he told Gas to Power Journal by phone from Beijing today.
Malaysian state-controlled Tenaga Nasional Bhd (TNB) has sealed three agreements covering the development of a RM2.47 billion (US$810 million) combined cycle gas-turbine power plant (1,017 MW) in Seberang Prai, Penang.
Shell targets a growing engine oils segment with its new sour-gas compatible lubricating oil. "There could be a 10% sales growth in the stationary gas engine oils segment this year," Richard Holdsworth, Global Brand Manager for Shell Power Lubricants told Gas to Power Journal.
The UK Energy Bill in its current form is "unlikely to realise this potential" of Combined Heat and Power Generation, says Graham Meeks, director of the British Combined Heat & Power Association (CHPA). He called on policy makers to extend the small scale Feed-in Tariff capacity threshold in addition to the proposed Contracts for Difference (CfD).
Siemens Energy Service has signed a multi-year extension of a Long-Term Service Program (LTP) contract for Phu My 3 gas-fried combined-cycle power plant (740 MW).
The plant is Vietnam's first large-scale build-operate-transfer (BOT) financed power plant and is located in Ba Ria, Vung Tau Province. Since starting operations in 2004, it contributes reliable base load electricity supply to the Vietnam's power grid.
A cold spell in the US Northeast has propelled up forward gas prices in New England fourfold to levels rivalling north-western European prices, which could lead to an increase in LNG imports, the US Energy Information Administration (EIA) said.
GE will deliver and install five ecomagination-qualified, Jenbacher cogeneration systems at a new datacentre that China National Petroleum Corporation (CNPC) is building in the Beijing district of Changping.
Macquarie Group Ltd. (MQG), Australia's largest investment bank, has bought a second gas-fired power plants in the U.K., taking a long-term view that profitability of burning gas will improve.
Singapore conglomerate Keppel Corp's energy unit is mulled to consider taking a 30% stake in a cogeneration plant of Malaysia's oil and gas giant Petronas with a view to importing electricity.
The economics of gas generation in India hinge on peak production and buyers need to be prepared to pay higher prices for reliable power supply at times of peak demand, says Rajeev Mathur, executive director marketing at the Gas Authority of India Ltd (GAIL).
German investors eye new Combined Heat and Power (CHP) projects to benefit from upgraded support schemes and as public acceptance for new coal-fired power plants in densely populated areas reached a low point.