The United States is likely to stay the country with the lowest cost of power production worldwide as an abundance of shale gas production will put in a ceiling at about $4/MMBtu, Andy Weissman, energy adviser at Haynes and Boone forecast.
Sept 21 - Going into the winter withdrawal season, gas storage volumes in the UK are on healthy levels on soft European demand for UK gas through the Interconnector, Deutsche Bank analysts said today.
Month-to-date Interconnector flows have averaged 9mcm/d this year versus 52mcm/d last year in early September (excluding the maintenance period), the bank said in a weekly commodity report.
Volumes in the UK are nearly equal to that seen last year, even with the large withdrawal in September, compared with a net injection last September into medium-range storage.
As Germany's power grid operators are busy negotiating with power plant operators over the amount of available cold reserves, the federal network regulator Bundesnetzagentur (BNA) confirmed that Germany will need over 2,000 MW of capacity reserve to guarantee supply security in during the upcoming winter.
Alstom has entered a 12-year long-term service agreement (LTSA) with Sembcorp Cogen Pte for its "Sembcorp Cogen Power Plant" in the Sakra district of Jurong Island in Singapore.
As Singapore's power generation capacity expands, an increasing number of gas turbines are getting registered with the National Electricity Market of Singapore (NEMS). "With the latest addition the total amount of CCGT capacity registered with NEMS now stands at 7,500 MW," said a representative at Singapore's Energy Market Company (EMC), the facilitator for traded wholesale electricity markets in the city-state.
Diesel and gas generators are experiencing a sales boom across Africa and Asia as they step in to backfill unforeseen power shortages in developing countries, according to findings in GlobalData's report 'Diesel and Gas Generator, 2012'.
Kawasaki Heavy Industries (KHI) has completed of the development of a new 30 MW gas turbine – the Kawasaki L30A. Start-up of the first L30A package, installed at a plant in Japan, is due this October.
RWE npower has officially opened the fifth and final unit at the 2,000-megawatt Pembroke combined cycle gas turbine (CCGT) following investment of £1bn by operator RWE to build one of Europe's largest and most efficient power plants.
Siemens has won a $300 million order for the turnkey supply of the Panda Sherman Power Project in Sherman, Texas, in consortium with Bechtel. Construction works are scheduled to be completed by the end of 2014.
The volatility of gas prices in Europe is forecast to rise as utilities in the U.K., Germany and Spain need more flexible gas supply for dispatching power plants at short notice to counterbalance the growing share of intermittent power supply from renewables.
"We envisage gas demand from the power sector to increase across most European countries, with Great Britain set to become a wind and gas dominated system by 2030, following the closure of most coal plants," James Cox, Principal Consultant at Pöyry told Gas to Power Journal.
The outcome of the US presidential election in November is expected to have merely a limited effect on global energy markets, two Washington-based consultancies found independently.
South Korea's ministry of Ministry of Knowledge Economy (MKE) will establish a master plan for shale gas development before the end of the year as it aims for shale gas-derived LNG imports to account for 20% of the country's LNG import capacity, a ministry official told 'Gas to Power Journal'.
Despite short term restraints in the market for gas-fired power generation, Frost & Sullivan's Energy Industry Director, Harald Thaler sees "sound medium- and long-term prospects" for the industry and forecasts global gas-fired power plant orders will total 537 GW through 2020.
Progress Energy Carolinas, a subsidiary of Duke Energy, has retired the coal-fired H.F. Lee power plant on September 15 as part of the utility's fleet modernisation programme. The gap in power supply will be filled by a new 920-MW gas-fired plant, scheduled to start commercial operations in early 2013.
The First Vice President of the European Bank for Reconstruction and Development (EBRD), Varel Freeman, has completed a visit to Jordan to consider a $100 million investment in a power plant near Amman to help increase the electricity supply in the Arab country.