"Disappointing gas power demand" and a "supply creep" have pushed US gas prices back to February 2013 levels, Morgan Stanley analysts said today, forecasting Henry Hub prices for natural gas will average $3.42/MMBtu for 3Q13 and $3.69/MMBtu for 4Q13.
India's federal government has allotted natural gas supplies from new production areas of Oil and Natural Gas Corporation Ltd. (ONGC) and Gujarat State Petroleum Corporation (GSPC) to operators of 25 power plants in an effort to alleviate supply shortages and keep the plants operational.
Satellite capacity for global data operations is set to expand fivefold over the next five years, allowing power TSOs to accurately forecast intermittent renewable power supply and fine-tune grid operations accordingly. "Global energy markets have witnessed a revolution in the provision of telemetry data of all kind since the inception of the smart grid programme," said Henrik Nørrelykke, CobhamSATCOM's vice president of land services.
UK-based manufacturer M1 Engineering has seen a spike in orders for its 40ft ISO Cryogenic LNG container, used to hold feed-gas at remote industrial combined heat and power (CHP) plants. "We know that people have been using it as a mobile storage facility. It's very easy to put onsite compared to a vertical storage tanker and I think the planning application is very much easier with it being an already approved piece of transport equipment," Jason Gil, technical sales director for M1 Engineering told Gas to Power Journal.
Norway's incumbent utility Statkraft has stopped commercial operation of two loss-making gas-fired power plants in Germany with a combined capacity of 1,200 MW, putting the Knapsack and the Herdecke plant in a 'wet reserve'.
Malaysia's government has decided to abolish subsidies on domestic gas prices early next year, prompting analysts to forecast a hike in national electricity tariffs by up to 50 percent.
In the wake of gas shortages, India's largest power generator Essar Power gears up to increase coal import by a fifth to underpin plans to convert some of its gas-fired power plants to run on coal. The move may set a precedent for other utilities, and could herald an increase in India's majority share of coal generation.
The US Department of Energy (DOE) is providing $4,998,319 in funding for ten university research projects on making gas turbines more durable and fuel-flexible, covering the lion's share of the total project costs of $6,314,361.
German Aerospace Centre (DLR) has teamed up with industry partners Alstom and Rolls-Royce to invest some 47 million euros into gas turbine research infrastructure at DLR's Cologne site, including a combustor test facility that is set to startup in mid-2014.
American IPP Calpine Corporation this week started commercial operations of two CCGT power plants with a combined capacity of almost 1GW near San Francisco, California, the new 619MW Russell City Energy Center and the preexisting 309MW Los Esteros Critical Energy Facility.
RWE, Germany's second largest power producer by output capacity, has decided to close a total of 3,100MW, or around 6% of its total generation capacity of 52GW, as first-half year profits plunged 38% amid a recession-induced drop in electricity demand and competition from renewables.
US manufacturer Capstone Turbine Corporation will supply six turbines for shale gas treatment facilities of an undisclosed producer at its gas pipeline in West Virginia. Jim Crouse, Capstone's executive vice president, said "We normally provide turbines to power site load at the wellhead for processing equipment and treatment equipment."