The US executive's new carbon emissions rules, that will impact existing fossil-fuel power generation are seen to be "positive overall for gas-fired power and coal", said Tudor, Pickering, Holt (TPH) Energy Research. "Coal is not going to be outlawed tomorrow, a warming-up to natural gas and renewables is promoted, but this is largely rhetorical," said TPH Energy Research.
A plethora of German gas buyers are embroiled in negotiations with Statoil to obtain similar "innovative pricing conditions" for gas supply as Stadtwerke Düsseldorf, which managed to secure supplies indexed to a basket of electricity, carbon and gas prices.
US President Barak Obama has proposed an Environmental Protection Agency (EPA) regulation to start limiting carbon emissions for both new and existing fossil power plants, while installing wind and solar installations on federal land.
Angela Merkel, the German chancellor seeking re-election in September, is keen to demonstrate her "green credentials" before voters go to the polls in September, JP Morgan Cazenove said today after Merkel urged a 30 percent EU emissions reduction target by 2020.
US nationwide power and gas utility Xcel Energy has officially opened its 170MW Siemens single-cycle gas-fired unit for the 850MW Jones Generating Station southeast of Lubbock, Texas. The new unit first began operations in May, a month ahead of schedule, and was installed at a cost of $82 million, way under the budgeted $103.7 million.
Additions of electric power generation capacity are not keeping pace with Texas' rising demand for electricity, particularly during peak-hours. A robust economy and population growth spurred the need for more electricity supply, according to the grid operator Electric Reliability Council of Texas (ERCOT).
Best opportunities for Europe's power engineering sector in the coming years lie in projects and contract wins in Asia, North America and the Middle East, but notably not in Europe, an industry survey shows.
Dutch utility Nuon, part of Vattenfall, has laid the foundation for more district heating capacity and increasing efficiency by upgrading its 440-megawatt to a combined-cycle Hemweg 9 power plant unit in Amsterdam.
Volumes of wind and solar power, sold under Germany's Renewable Energy Act (EEG) market premium model, will increase by 527 MW month-on-month to 32,654 MW in July, TSO data shows.
Mexico's Yucatan Peninsula will see diesel- and fuel-oil power plants converted to run on natural gas after state-owned utility CFE has secured over 300 million cubic feet per day (mmcfd) in additional gas supply from Pemex by 2014. The rise in feedstock gas is spurred by a $136 million investment of GDF SUEZ Mexico and GE Energy Financial Services to extend the Mayakan pipeline.
Russia's gas export monopoly Gazprom has signed a Letter of Intent (LoI) with Enel to buy the entire share of Marcinelle Energie, a 420MW combined cycle gas turbine power plant in Belgium, for 227 million euros on a cash and debt free basis. The asset, located in Wallonia, will be Gazprom's first power plant in Europe.
The Mexican Municipality of Celaya has contracted ENER-G to build and operate landfill gas generation project at its Tinajitas landfill in Celaya before the end of this year. Manchester-based ENER-G said it is ready to invest £1.5 million to realise the project.