Centrax Gas Turbine technicians from the UK are preparing to install and commission 17 generating set packages to power an expansion of production at three major oil fields in Russia.
Persistently negative profit margins for generating electricity will lead to the closure of 14 GW of thermal power plants in Germany by 2015, pushing up power prices, Deutsche Bank analyst Mark Lewis forecasts.
South Korean utilities are stepping up gas imports in an effort to avert the risk of power cuts following the shut-down of nuclear reactors. South Korean Prime Minister Kim Hwang-Sik reiterated a warning, highlighting the risk of possible power shortages and rolling blackouts triggered by forecast of a harsh winter.
The British government has published details of its long-awaited Energy Bill, postponing setting a carbon target until 2016. Power producer were given the green light to charge household customers an extra £7.6 billion, to go towards low-carbon electricity infrastructure by 2020.
Utilities in Germany can trigger some power price upside if they embark on a "conspicuous plant retirement programme", French investment bank Societe Generale said in a report, suggesting E.on has been "the first utility to blink".
Caught in an era of stagnation - that is how Juliana Passadore, Frost & Sullivan's Business Unit Leader for Energy & Power Systems describes the Brazilian gas-to-power market, as a supply shortage and high gas prices hamper investment in new projects.
Siemens has started the first of three H-Class gas turbines at Florida Power & Light Company's (FPL) Cape Canaveral Next Generation Clean Energy Center in Port St. John in the US state of Florida.
Pursuing a strategy of integrated gas use, OMV aims to operate its 870 MW Samsun combined-cycle power plant project in Turkey in the long-term on 'equity gas', similar to the new Brazi plant in Romania which runs 100% on gas produced by the company's upstream arm, Hans-Peter Floren, OMV board member responsible for Gas & Power, said in London today.
Swiss utility Alpiq will divest its planned Havelland gas-fired power plant (400 MW) to EDF Deutschland as part of a restructuring programme to reduce company debt, a spokesman confirmed today.
Turkey's largest power producer Elektrik Üretim A.Ş. (EÜAŞ) has awarded a contract to Alstom Power for the repair, overhaul and rewind of the steam turbine generator of the Afşin-Elbistan A thermal power plant unit 3.
A strategic alliance aimed at creating a European energy market based on the complementary use of renewable energy and gas has been founded by GE and Dong Energy alongside with Alpine Energie, First Solar and Shell.
Angered by a delay in the UK energy bill amid rows within the coalition over policies on gas, wind and decarbonisation targets, Tim Yeo, the Tory chairman of the energy select committee, has called the conundrum which hampers investment and risks raising bills "a laughable plot".
Sellers of diesel and gas generators are enjoying a flurry of interest across Africa and Asia as energy hungry countries such as China, India and Nigeria step up investment in small to medium-size gensets to backfill power shortages, GlobalData's report 'Diesel and Gas Generator, 2012' shows.
Despite of India's surging electricity demand, the economics of gas generation hinge on peak production, says 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.
Tokyo Gas is expanding its power generation capacity as Japan's energy mix shifts away from nuclear towards gas generation, Yasushi Sakakibara, Tokyo Gas' deputy general manager for LNG contracts, has told Gas to Power Journal.
Tokyo Gas plans to start-up a third gas-fired 400 MW unit at its Yokohama power plant in 2015.