MetCap and General Electric energy unit have teamed up to realise a gas-fired power plants, named Dervish, based on GE's FlexEfficiency technology. Dervish - a 1,080-MW gas-fired power plant in Karaman in central Turkey - will start operations in 2016, Sera Geray, chief financial officer at Metcap Energy told 'Gas-to-Power Journal'.
The European Network of Transmission System Operators for Electricity (ENTSO-E) has alerted grid operators of the risk of reduced margins of available power generation overload in Europe this winter. ENTSO-E published its Winter Outlook 2011-2012 and Summer Review 2011 on Thursday this week, indicating that under severe conditions, December and January could be the most stressed months of the winter for security of electricity supply.
The power generation sector is forecast to be the main driver for global gas demand, according to projections of the International Energy Agency (IAE). "Global gas demand will be driven by power generation", IEA analyst, Warner de Kate, said at the EMART energy conference in Lyon.
Gas markets are a different animals than power markets, so the integration of European gas trading hubs cannot replicate the integration of European power markets, panalists at a gas trading session the EMART Energy conference agreed on today. "Financially, it has already happened; physically, however, gas market integration works different from electricity markets," APX-ENDEX CEO, Bert den Ouden, said at the conference in Lyon.
LNG exports from the U.S. are likely to go to China, where new U.S. LNG imports will be in a price competition with not-yet contracted gas from Russia via the proposed Altai pipeline and with LNG imports from upcoming Australian liquefaction projects, Thierry Bros, senior analyst at Societee Generale said.
The lack of incentive to build new gas-fired power plants may cause problems for balancing supply and demand in European electricity markets, Evariste Nyouki, head of economic research at GDF SUEZ Trading told 'Gas-to-Power Journal' at the sidelines of the EMART Energy conference in Lyon today.
"New gas-fired plants are needed but the market is not prepared to pay for it," Nyouki said, arguing it is only economical for upstream companies to invest in new gas plants at the current price levels. His reasoning is that Gazprom has the means to free up enough CAPEX in order to build new gas-fired power plants in Western Europe, while utilities currently do not have an incentive to do so.
Start-up of a 100-MW gas-fired 'peaker' plant, located near Santee in California , is imminent, after California Energy Commission (CEC) announced it has started a review and certification process of the 100-MW plant.
Dan Smith, Head of Corporate Development at Trayport, has cast doubt over the European Commission's drive to introduce more stringent financial regulation.
"The European Commission supports the creation of liquidity in the wholesale energy markets via the 3rd Energy Package. However, another potential outcome is that the introduction of financial regulation could have a negative impact on liquidity in the wholesale energy markets," said Smith told 'Gas-to-Power Journal' today.
David Cameron, the UK Prime Minister, has highlighted the vital role of natural gas for the British economy today, in a statement timed to coincide with a new gas supply contract between Centrica and Statoil over 5 Bcm/year in the period between 2015 and 2025.
"Today's agreement will help to ensure the continued security and competitiveness of gas supplies to Britain, from a trusted and reliable neighbour," UK Prime Minister David Cameron said.
Honeywell has introduced a new Safety Manager Field Device Unit (FDU), particularly designed to implement integrated safety measures for power plants.
"The module's small size makes it ideal for plants that need to quickly implement integrated safety measures for applications such as burner or boiler management systems," the US-based manufacturer said in a statement.
Siemens has inaugurated a new gas turbine factory in Charlotte, North Carolina, with a view to expanding its worldwide network of gas turbine manufacturing facilities. The German company has invested more than $350 million in a 42,000 square metre plant in Charlotte, creating 700 new jobs.
"Charlotte is the only Siemens plant that produces gas and steam turbines, as well as generators,” a company representative said. The facility also plays a key role in Siemens’ profitable power plant service business.
Bernard Anne, managing director of Bureau Veritas' (BV) Marine Division has signalled out LNG as one of the shipping sectors where the indicators are good and positive. "I do not see any good markets except for gas markets and consequentially LNG tankers. There are simply too many ships around," Anne said at the annual BV Beaujolais Party in London on Thursday evening.
Germany's E.ON and the Russian gas incumbent Gazprom are at loggerheads over the terms of gas supply. Arbitration proceeding on contract terms of oil-indexed long-term gas supply are still ongoing. "We can confirm that we have instituted arbitration proceedings in connection with our supply relationship with Gazprom," E.ON spokesman Sebastian Heindrichs told Gas-to-Power Journal.
Alstom, the French engineering giant, did neither confirm nor deny a statement from the Iraqi energy ministry that it has won a $540m contract to construct a 182-MW gas-fired power plant in Iraq. "We are expecting to sign the contract with the Iraqi energy ministry any time soon", an Astom spokesman told Gas-to-Power Journal.
Minera Mexico, a unit of Grupo Mexico, has awarded a contract to Siemens Energy to supply of a 250 MW combined cycle gas turbine (CCGT) power plant. Siemens Energy is signing responsible for the full turnkey supply of the plant, named 'La Caridad II', which includes plant engineering, procurement and construction.
Siemens Energy told Gas-to-Power Journal that the main equipment to be installed at the plant includes an SGT6-5000F gas turbine, an SST-900 steam turbine, an SGEN6-1000A generator, a heat-recovery steam generator, and the complete electrical and SPPA-T3000 in-strumentation & control equipment.