The British government is developing a gas generation strategy with the aim of encouraging investment in new gas plants, said Charles Hendry, minister of state for energy in the U.K.
"The role of gas has not been sufficiently clear," Hendry said at a Lloyd's Register press conference late yesterday, voicing support for a growing role of gas in Britain's energy mix. "The earliest we can have a new gas plant is 2019," he forecast.
Siemens Energy has been awarded a contract to provide long-term maintenance services for 16 SGT-400 industrial gas turbines at the Santos GLNG Project in Queensland, Australia. The multi-million dollar service order is Siemens' largest ever for its small gas turbine (SGT) product line, it said today.
RWE posted a 14% drop in operating result to €2.4 billion today. "Declining margins in electricity generation and burdens suffered by the gas midstream business in particular adversely affected the result for the quarter," the Essen-based company said.
Japan's Toshiba Corporation has won an order to supply two units of 660 MW super-critical steam turbines and a generator island for installation at the Meja Thermal Power Plant in Uttar Pradesh State, India. Commercial operation of the first unit is scheduled in 48 months from the contract award and the second unit in 54 months, Tokyo-based Toshiba said today.
The share of power generation from natural gas is forecast to surge by 24% in 2012 amid a 15% decline in coal-fired generation, the U.S Energy Information Administration (EIA) said in its short-term energy outlook today.
E.ON, Germany's biggest utility, today posted a € 250 million drop in Q1 earnings, owing to lower prices in Europe power generation markets and the mandatory shut down of nuclear power stations in Germany.
Market participants in power and gas trading can fulfil their REMIT reporting requirements by disclosing generation data on the newly created 'Transparency in Energy Market's platform' of the European Energy Exchange (EEX).
Siemens has laid the foundation stone for the new gas turbine plant in Dammam, as a "step towards a massive expansion of activities in Saudi Arabia". The German engineering company said it will invest a "three-digit million US dollar figure" in the facility together with its local partner, E.A. Juffali & Brothers. The opening of the gas turbines and compressors manufacturing facility is planned for late 2013.
NAES Corporation, a service provider to the energy industry, has executed an operations and maintenance (O&M) agreement for a 400 MW combined cycle power plant being constructed in Tuas, in the west of Singapore.
The trend of gas displacing coal has accelerated in the U.S. as "the differential between gas and coal economics in the power generation sector has widened further," Deutsche Bank said in a research report today.
Operational startup of Gigawatt Mozambique's 100 MW gas-fired power plant is scheduled for the end of next year. Costs for realising the power plant project are estimated to total US$ 230 million, the privately held energy company confirmed.
The shutdown of two power plants in Nigeria - due to a lack of gas to fuel the plants - has exacerbated the country's electricity shortage. Operators were forced to shut down two gas-fired plants at Sapele in Delta State and Oben in Edo state for an undetermined timeframe.
Siemens Energy said today it has received a first order to supply a SGT-750 industrial gas turbine to a buyer in North America. Energia MK KF, a subsidiary of Grupo Kaltex, purchased the 36 MW turbine to power its textile facilities in Mexico.
Representatives of Germany's four biggest utilities have highlighted the need for new conventional power generation capacity to underping the transition of Germany's energy sector at an "energy summit" with Chancellor Angela Merkel.