Though domestic coal reserves are abundant in many energy-intensive Asian economies while gas is more scarce and expensive, analysts see the tide turn towards a greater use of cleaner-burning natural gas. With gas prices at Henry Hub down from over $15/mmbtu in 2005 to just $2.58/mmbtu this Thursday, exporting US LNG is poised to bring cost-competitive gas to Asian power producers.
Over half of the electricity needs of Calgary's metropolitan residents are now met by the newly commissioned Shepard Energy Centre. KBV Shepard Power Partners, a JV between Black & Veatch and Kiewit Energy, completed the EPC works for the 800 MW gas-fired power plant.
Musandam Power Company has selected Pöyry to undertake the owner's engineer services assignment for the Musandam IPP. Oman Oil Company and LG International Corp are developing the 120 MW plant, using dual-fuel reciprocating engines. The fast track project is due to be completed before the end 2016.
Dubai Electricity and Water Authority (DEWA) has awarded a contract worth Dh1.47 billion ($400 million) to Siemens Energy for the turnkey construction of the Jebel Ali M-Station Expansion combined-cycle power plant. The extension unit is due to start up in the spring of 2018.
Unfazed by low oil prices, the global market for genset installations, powered by natural gas, are forecast to reach 27.2 GW by 2024 and generate $146.8 billion in cumulative revenue between 2015 and 2024, according to Navigant Research. Dual-fuel gensets, are bridging the gap between diesel and gas gensets and have risen in popularity in markets with a lack of adequate gas supply or distribution infrastructure.
For the second year in a row, the United States has seen a rise in energy-related CO2 emissions – the largest component of overall greenhouse gas emissions. On March 31, the U.S. officially committed to a target to reduce emissions 26%-28% from 2005 levels by 2025.
United Overseas Bank (UOB) has announced it sealed a financing deal with Singapore-based Royal GK, an engineering procurement and construction company, which is about to buy gas engines to build a gas power plant in Hlawga, Yangon, on behalf of Myanmar Central Power.
French turbine manufacturer Alstom announced its energy business unit in Indonesia will shift its strategy to increasingly focus on serving the domestic market. Up to $20 million may be spent on expanding its local factory. Andreas Lusch, Alstom's head of steam and nuclear business, sees "enormous opportunities" in Indonesia as the government in Jakarta plans to add 35,000 MW of new power generation capacity.
Laser repair of gas turbine components is just a step away from becoming a wide-spread commercial reality. Repairs recently carried out at the National Research Council of Canada (NRC) were achieved by laser cladding components in test turbines, with data analysis showing this innovative repair approach reduces of maintenance cost, shortens repair cycles and extends component life.
Cheap energy sources are a quest for Turkey policy makers, as electricity demand is forecast to double by 2023, reaching 500 million megawatt-hours. Tax incentives have been granted for domestic lignite production and Turkish hydrocarbon developers are keen to learn how to best tap the country's estimated 1.8 trillion cubic meters of shale gas reserves.
Though financing from China has helped increase Angola's power generation capacity, over two thirds of the population still has limited or no access to electricity. Main stumbling blocks are the high costs of fossil fuels and electricity distribution as well as operators' limited revenue collection, with more than 80% of end-users not metered.
Satellite capacity for global data operations is forecast to expand fivefold over the next five years, allowing power TSOs to accurately forecast intermittent renewable energy supply and fine-tune power grid operations accordingly. Broadband Global Area Network (BGAN), delivered via Inmarsat-4, provides monitoring and communications services well suited to power generators.
A Spanish consortium comprising OHL Industrial and Sener engineering group have signed a $477 million contract with Mexico's Federal Electricity Commission (CFE) for the turnkey construction of the combined cycle plant Empalme I. Works are due to be completed within 30 months.
For the first time since the 1950s, U.S. energy imports and exports have come back into balance. Projection in EIA's Annual Energy Outlook 2015 (AEO2015), shows the potential to eliminate net U.S. energy imports sometime between 2020 and 2030.