The trend of gas displacing coal has accelerated in the U.S. as "the differential between gas and coal economics in the power generation sector has widened further," Deutsche Bank said in a research report today.
Operational startup of Gigawatt Mozambique's 100 MW gas-fired power plant is scheduled for the end of next year. Costs for realising the power plant project are estimated to total US$ 230 million, the privately held energy company confirmed.
The shutdown of two power plants in Nigeria - due to a lack of gas to fuel the plants - has exacerbated the country's electricity shortage. Operators were forced to shut down two gas-fired plants at Sapele in Delta State and Oben in Edo state for an undetermined timeframe.
Siemens Energy said today it has received a first order to supply a SGT-750 industrial gas turbine to a buyer in North America. Energia MK KF, a subsidiary of Grupo Kaltex, purchased the 36 MW turbine to power its textile facilities in Mexico.
Representatives of Germany's four biggest utilities have highlighted the need for new conventional power generation capacity to underping the transition of Germany's energy sector at an "energy summit" with Chancellor Angela Merkel.
Vattenfall plans to start operations of three combined-cycle gas turbine plants (CCGTs) in the Netherlands by the end of the year, boosting its Dutch power generation capacity by 2,181 MW.
Øystein Løyseth, Vattenfall's president and CEO, said today the Swedish utility is reviewing the profitability of its entire European power plant fleet. He refrained, however, from revealing whether there will be any power plant closures due to adverse economics in the near future.
Shell has awarded a contract worth US$30 million to Rolls-Rocye to supply two RB211 gas turbines to increase gas output from its Malampaya deepwater natural gas project in the Philippines.
Massive energy-related infrastructure investments worth US$300 million are on the cards in Saudi Arabia with the aim of linking new economic cities to the national power grid. The Saudi Kingdom is undergoing a phase of massive industrial development with electricity demand is expected to reach up to 67,000 MW by 2020.
Operational start of the third unit (840 MW) at the McDonough-Atkinson combined-cycle gas turbine (CCGT) power plant is under construction and slated to start in November this year. The addition of the third unit will bring the plant's total capacity to over 2,500 MW, the operator Georgia Power said.
Early site works to realize Oman's first gas-fired power plant (120 MW) have started at the waterfront site Tibat in Whilayat Bukha, Musandam Governorate. To fast-track the project, developers were granted permission to "forego the usual competitive tender process", Oman's ministry of information confirmed.
Mass Global Investment Company has awarded a contract worth US$16 million to ABB to build a substation and a SVC Light system that will supply electricity for industrial infrastructure in Northern Iraq. ABB said it received the order in the first quarter.
A consortium consisting of GE and a CH2M HILL-UGL joint venture has been awarded an order to provide power generation for the Ichthys LNG power station. The order is worth more than US$900 million, GE said.
Rolls-Royce, a global provider of power systems, said today it has won a US$30 million order from Shell to supply two industrial RB211 gas turbines to boost the output from the Malampaya deepwater natural gas project in the Philippines.
Analysts at Société Générale are "not overly optimistic" on an upside for German power prices. Spark spreads are likely to remain unattractive, while overall power consumption dropped, the French investment bank said in a research note.
Combined marketed production from the top five natural gas producing states - Texas, Louisiana, Wyoming, Oklahoma, and Colorado – has risen about 7.5% in 2011, according to latest EIA statistics. Abundant domestic supplies and low gas prices reinforce the trend among U.S. power producers of switching from coal to gas.