Lower gas-burn in the US power generation sector will drive down overall gas consumption this year and next. Though total gas use across all end-use sectors is set to rise slightly in 2022 from an average 82.5 billion cubic feet per day (Bcf/d) this year – still 0.7 Bcf/d less than in 2020, EIA figures show.
Wärtsilä has been contracted to supply an energy storage system to Zenith Energy, an Independent Power Producer (IPP) in Australia. Zenith sells most of its electricity to large mining companies, so the 9.2 MW / 8.7MWh energy storage will address cyclical load demand in an underground mine, operating in parallel with an engine-driven power plant.
MAN Energy Solutions has received an order to supply six 18V51/60G engines, along with balance-of-plant equipment, to Lakeland Electric’s new 120 MW engine-driven power plant, to be built on a brownfield site in the city. MAN committed to deliver all equipment by July 2022.
Hydrogenious Technologies, a spinoff of FAU University Erlangen, has raised €50 million to scale up and commercialise its LOHC (liquid organic hydrogen carrier) technology. Liquid hydrogen is an efficient way to store and transport the increasingly popular fuel. The funding round was led by JERA Americas, investing €15 million, along with Temasek, Chevron and Pavilion Capital.
Australia’s AGL Energy has signed a pipeline gas supply deal with Cooper Energy after plans to develop the Crib Point LNG project in Victoria State were rejected on environmental grounds. Cooper Energy will sell all uncontracted gas from Casino, Henry and Netherby fields to AGL as of January 2022.
Rolls-Royce Power Systems and its affiliate MTU showcase microgrids for mining companies that supply decentralized power while reducing emissions by up to 30% at the MINExpo, held in Las Vegas this week. The system connects diesel and/or gas-fuelled generator sets, MTU’s EnergyPack battery system as well fuel cells into one microgrid.
Liquefaction demand at US terminals will stay strong through end-October, Energy Aspects forecast given that Henry Hub gas prices for the winter strip (November-March 2022) are approaching $5 per million British thermal unit (mmBtu). Exports to Europe remain lucrative, analysts say, as long as prices at the Dutch TTF trading hub are above $18/mmBtu.
Construction works have started for the Haru Oni project in Puenta Arenas in the Patagonia region of Chile, where Siemens Energy and Porsche are building the world’s first plant for producing CO2-neutral fuel, so-call eFuel. Based on power-to-X technologies, the pilot plant is expected to produce around 130,000 litres of eFuels in 2022.
ExxonMobil and Global Thermostat, an R&D firm, have been testing an agile solution of soaking up carbon dioxide emissions from the air – notably from industrial facilities and power stations – at a pilot plant in California. Once economically viable, the solution could help meet the world’s climate goals.
ENKRAFT, a fund with a track record of investing in renewables, has acquired more than 500,000 shares in RWE – worth €16.4 million ($19m) at current prices. In a letter to RWE management, seen by Reuters, ENKRAFT urges the German multinational energy company to divest of its brown coal assets.
Siemens Energy has been selected by Aker Solutions to supply equipment to electrify the semi-submersibles for the giant Troll oil and gas field. Field operator Equinor estimates that reducing the electricity use from gas turbines on Troll B and C facilities will reduce annual CO2 emissions by 500,000 tonnes, or 1% of Norway’s total emissions.
Fourth-quarter spot gas prices at the US gas trading benchmark Henry Hub will average $4.00 per million British thermal units (MMBtu), or above — a 16% rise from levels forecast in August by the US Energy Information Administration (EIA). The price increase reflects lost production from Hurricane Ida combined with growing gas-burn for power generation.
Low gas production, down 28% year-to-date, combined with high coal and carbon prices and booming LNG demand in Asia, is fuelling a price rally at the British gas trading hub NBP. Though production is forecast to recover to 35 Bcm in 2022, LNG will have to balance demand this winter.
Welding works for the Nord Stream-2 pipeline have been completed, the operator announced, adding pre-commissioning activities will follow swiftly with the aim of putting the pipeline into operation before the end of this year. Nord Stream-2 will help meet Europe’s long-term energy needs, the operator stressed, and provide gas “under sensible economic conditions.”