As Malaysia's government gears up to lifting subsidies on natural gas the market share of gas-fired power generation is bound to drop, forecasts Sarah Fairhurst of The Lantau Group. "Gas-fired power generation is likely to fall in Malaysia as it slowly lifts subsidies. Gas, which was heavily subsidized before, is now becoming more expensive and less economic," she told Gas to Power Journal.
The German chancellor Angela Merkel by next summer aims to have parliament agreed on some form of market orientated capacity payment to underpin investment in new power generation capacity. A regular leaders' meeting in December and a special meeting in March, dedicated to Germany's Energiewende [energy transition] policy, would specify and build on the progress reached so far, she said.
The Department of Energy and Climate Change (DECC)'s support schemes of up to £10 million for offshore wind projects is expected to reinforce the need for backup gas generation.
Alstom has signed two orders worth about €75 million with Metka S.A., an international contractor for large scale energy projects, to deliver power generation equipment for projects Metka is executing on behalf of the Samra Electric Power Company in Jordan.
Following a 'first firing', RWE has now started the hot commissioning phase of the combined cycle gas turbine power plant in Denizli, Turkey. "The final phase of completing the project is now underway, which will eventually be followed by handover to the operating crew", says project manager Ralf Bielack.
Gas generation is expected play a bigger role in denting Brazil's need for peak load power supply, providing bottlenecks in the gas pipeline network will get resolved so that power companies can make full use of domestic gas reserves, according to a GlobalData report. Gas-fired power plants in Brazil are predominately dispatched as peaker plants, due to high fuel prices for natural gas compared with hydropower.
The UK Department of Energy & Climate Change (DECC) has announced the selection of four bidders, all full chain capture, transport and storage projects, to go into the next phase of the UK’s £1bn Carbon Capture and Storage (CCS) competition, the UK’s CCS Commercialisation Programme.
Singapore is on track to reach 90% gas-fired power generation capacity, Neil McGregor, chief executive at Singapore LNG Corporation forecast.
The Long Island Power Authority (LIPA), New York, has announced that its Board of Trustees has decided to authorise LIPA staff to begin with negotiations regarding potential power purchase agreements for new generating resources.
Dominion Resources Inc, based in Richmond, Virginia, has announced that the three power plants the U.S. producer and transporter of energy is offering for sale in the Midwest and Northeast have attracted high interest by potential buyers. The announcement was made on Thursday during the company's third-quarter earnings call.
Energy group GDF Suez of France has announced that Singapore based Senoko Energy, has begun commercial operation of two combined cycle gas turbine units, with a capacity of 430MW each.
U.S. oil major, Chevron, announced the acquisition of a 50 per cent stake in the privately held Lithuanian oil and natural gas exploration company LL Investicijos. Through entering the Lithuanian market the organisation is expanding its shale gas business in Europe. The acquisition is expected to impact Russian Gazprom’s monopoly on the Lithuanian market.