The Russian gas giant Gazprom and Essen-based RWE are in negotiations to form a joint venture (JV) on power generation, an RWE spokesperson confirmed to 'Gas-to-Power Journal' today. "We do not comment on the status of negations," he said, adding joint projects in gas-to-power would be "one of the options".
Matteo de Zan, head of Enel's industrial development, generation and energy management division said the operational start-up of a gas-fired power plant in Belgium is expected in early 2012. "We are waiting for the plant to start operations in the coming months; the plant is currently in its commissioning stage," he told 'Gas-to-Power Journal' in an interview.
Hyundai Engineering and Construction (HDEC) and Metka are set to build a gas-fired power plant in Basra, Iraq. The 1,500 MW gas-fired plant will be constructed near the southern Iraqi city of Basra in southern Iraq.
Enel, Italy's largest power company, said today the operational start-up of a 400-MW gas-fired power plant in Belgium is expected in early 2012. "We are waiting for the plant to start operations in the coming months; the plant is currently in its commissioning stage," Matteo de Zan, head of Enel's industrial development, generation and energy management division told 'Gas-to-Power Journal' in an interview today.
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.