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.
Electricity is the largest sector for growth for the gas industry and the trend is likely to continue as coal-fired plants are retired, ExxonMobil's Americas gas marketing manager, Paul Greenwood, told a gas forum in Chicago this week.
Japan's ministry for economy, trade and industry (METI) will host an LNG conference in Tokyo on September 19 to evaluate the increasingly central role of gas supplies for power generation as the country considers a nuclear phase-out by 2030. METI is aiming to overhaul the current strict regionalization of Japan's main electric power utilities, which consume about 5 million tonnes per month of LNG for to fuel gas-fired power plants.
The rapid implementation of India's 'National Gas Grid for LNG', designed to accommodate rising gas supply from LNG import terminals on the western coast, will provide a fillip to gas-fired power generation. "The formation of the gas grid (12,000 km) in India is a great leap which is going to encourage the use of gas-based power generation over a wider geographical area," an analyst at India's Central Power Research Institute told Gas to Power Journal.
Mitsubishi Heavy Industries (MHI) will integrate two engine business sectors that are currently handled by its power systems and general machinery sector, effective October 1, in reaction to a global rise in demand for distributed power generation.
Siemens Energy has won an order worth over €100 million from KAR Construction and Engineering Company Ltd to supply gas turbines and generators for 640-megawatt Khormala gas turbine power plant in northern Iraq.
Sept 12 - Installed thermal energy storage capacity in the U.S. is forecast to rise to 7.2 GW by 2020, up from 2.7 GW in 2011, according to Pike Research.
The annual U.S. market for incremental thermal energy storage capacity totals $268 million, with 246 MW of new capacity installed in 2011, Pike Research, a part of Navigant's Energy Practice, said in a report published on Wednesday.
The strongest growth for thermal energy storage is expected to occur in Europe, as market development is supported by the European Commission's efficiency initiatives and the rise in volatile renewable electricity generation.
„Under a conservative estimate of 2020 market activity, there will be about 19 GW of cumulative thermal energy storage installations in Europe by the end of the decade, equaling 2 GW of new capacity per year by 2020," analysts at Pike Research said in the report.
Thermal energy storage is used to better utilise surplus electricity generatated at solar plant projects by storing heat for later power generation.
Alstom has developed a MXL2 upgrade for GT26 gas turbines, offering power plant operators to adapt production hours of their plants to fluctuating demand and to significantly extend inspection intervals and increase availability – key features in markets with a large share of intermittent wind generation such as Spain, says Leone Tessarini, product manager at Alstom's gas turbine services.
The autumn statement of the UK finance ministry, set for 5 December, will impact on the timing of the Government's update on the Electricity Market Reform (EMR), JP Morgan Cazenove said today. As both the EMR and the gas generation strategy paper need to be consistent with the Government's fiscal targets, the papers are „only likely to be published once the fiscal targets are known in December," says Edmund Reid, analyst at the bank.