After relying on shale gas for over a decade, public opinion in the Texan town of Denton has shifted and the city council is considering imposing a ban on fracking as inhabitants want to preserve the livability of their surroundings.
Almost half of Europe's energy consumption is used for industrial processes and to heat and cool building, but policy makers at the European Commission are dragging their feet to assess how heat-related policies could help meet Europe's energy efficiency objectives and climate goals, criticised industry group COGEN Europe.
Though economic recovery has been slow and unsteady in many countries of the EU-28 bloc, Lafayette Herring, commercial LNG advisor at Poten & Partners estimates global LNG demand will reach 450 million tons per year by 2025, provided European demand comes back to pre-crisis levels.
Despite of India's surging electricity demand, the economics of gas generation hinge on peak production, said Rajeev Mathur, executive director marketing at Gas Authority of India Ltd (GAIL). "If anyone wants reliable power [during hours of peak demand] he can pay more. That's where the economics of imported gas for power generation will work," he told Gas to Power Journal.
As the bidding battle for Alstom intensifies, GE has restructured its $17 billion (€12.5bn) offer for the energy assets of the French group by adding a series of joint ventures on rail and nuclear technology. Siemens and MHI were quick to counter by raising their cash contribution by €.1.2 billion to €.8.2 billion which increases their valuation of Alstom's energy business to €14.6 billion ($19.8bn).
Stepping up efforts to source much-needed natural gas for power generation, Kuwait is close to reaching an agreement with Tehran on pricing terms for imports from its resource-rich neighbour. If an accord can be reached, Kuwait would be the second Gulf state following Oman to turn to Iranian gas.
Spark spreads, the profit margins for burning gas considering costs of carbon, are unlikely to increase at the expense of margins for coal-fired plants as the risk of an intensifying Ukraine crisis will lift gas prices, Société Générale analysts forecast.
Prompt prices at the Dutch TTF, the leading gas trading hub in Continental Europe, eased off late Wednesday amid ebbing concerns over reduced Russian gas deliveries following a blast on a Ukrainian transit pipeline and very healthy storage levels in much of the EU-28.
A much-awaited tender seeking requests for qualification (RfQ) to develop Oman's mega 2,600 MW gas power plant project has been floated by state-owned Oman Power and Water Procurement Co (OPWP). Pre-qualified developers will need to submit their request for proposals (RfP) by August 3.
Finnish engine manufacturer Wärtsilä has won an order by Umm Al-Qura Cement Company to supply a turnkey 47-MW captive power plant equipped with its new 2-stage turbocharged engines to site in the mountain desert close to the Saudi Arabian city of Taif.
Tapping the Ute Indian tribe's large reserves of natural gas in Utah, tribe elders have teamed up with SCT&E engineers to fast-track an action plan of building a 1,000 MW gas-fired plant that could cover the annual electricity needs of up to 850,000 homes.
GE Power & Water's Distributed Power business has introduce a 10-megawatt class Jenbacher J920 FleXtra gas engine for North American's 60-Hz market, claiming it features best-in-class electrical efficiency of up to 49%. Sky Global Partners, a Houston-based independent power producer, has signed up as the first customer of the new engine.