Electricty rates from Japan’s 10 regional power utilities are set to drop for the month of October to reflect lower LNG imports prices. Tokyo Electric Power (TEPCO) announced it will reduce its standard household rate by $0.51 to $81 as of October, after its LNG import price fell to $818 per tonne in July from $821 per tonne in June.
EU energy commissioner Günther Oettinger has offered to help Ukraine in developing a payment plan for Naftogaz to start repaying its huge debt to Gazprom, which has ceased deliveries in June, citing unpaid bills of around $4.5 billion.
Natural gas led new generating capacity additions in the U.S. in the first six months of 2014, adding 2,180 MW over half the total amount added, according to the Energy Information Administration. Renewables contributed the majority of the remainder taking total U.S. additions to 4,350 MW in the first half of the year.
Technology developer FuelCell Energy has been granted $1.2 million in funding to progress to the third stage of a U.S. Department of Energy (DOE) programme that is studying the use of fuel cells to separate carbon dioxide from the emissions of power plants.
Gas-fired plants in the UK produced an additional output of 0.1 TWh in the three months to June, a 0.4% rise year-on year. The share of gas in the UK energy mix increased 3% and now stands at 31.7%, according to the latest figures from the Department of Energy & Climate Change (DECC).
Turkish power producer Akenerji has started operation at its 872 MW Egemer gas-fired power plant in Erzin. The operator - a joint venture between Czech utility CEZ and Turkish group Akkok – expects the plant to produce 7,000 GWh of electricity annually.
Distributed power provider APR Energy has won a contract to supply 100 MW of gas-fired peaking capacity in South Hedland, Western Australia. Four mobile turbine units will provide bridging power for the next 30 months until work is complete on a 150 MW combined cycle plant at the site in early 2017.
UK power plant developer Carlton Power has appointed the investment firm Macquarie Capital as debt and equity adviser for its proposed £1.2 billion Trafford Power combined cycle gas turbine (CCGT) power station. The 1.8 GW plant power project will bid into the upcoming first UK capacity auction in December.
U.S. power producer Calpine Corporation is to buy the 809 MW Fore River Generating Station from its current owner Exelon Corporation for $530 million. The plant is located in in North Weymouth, Massachusetts, 12 miles southeast of Boston.
Government-run energy firm Vietnam Oil & Gas Group (PVN) expects to sign an agreement with Exxon Mobil in 2015 to develop the first phase of a multi-billion natural gas field and power project in the country. The intial phase of the project is expected to cost $10 billion and will generate 2,500 MW.
State-owned Saudi Electricity Co (SEC) claims it will bring 4,750 MW of gas-fired power generating capacity online in Riyadh by 2017. The additions will come from three plants -- the 1,150 MW PP10 plant and the PP13 and PP14 plants that each generate 1,800 MW.
U.S. energy firm Dynegy Power plans to purchase 5,053 MW of gas-fired power generation capacity from Duke Energy and Energy Capital. The deals, worth an estimated $6.25 billion, will also include a number of coal plant purchases, Dynegy stated as it aims to boost its overall capacity to nearly 26,000 MW.
The Indian government has approved relief measures designed to improve the availability of gas supply for power plants via its Administered Pricing Mechanism (APM). A financial package worth $19.7 billion will aim to support gas price pooling and reduce gas shortages.