The Government of the Philippines is accelerating the approval process for LNG import terminals to avoid a spike in electricity prices and power shortages, once Malampaya reserves will be depleted in 2024. First Gen and Atlantic Gulf & Pacific Co (AG&P) projects were given Notice to proceed (NTP) and urged to complete their projects by the second half of 2022.
CTCI, Taiwan’s largest engineering, procurement and construction (EPC) contactor, has been selected for Phase-2 of the Sun Ba combined cycle power plant in southern Taiwan in consortium with Siemens Energy. The 1,100 MW plant, powered by a HL-class turbine, is due operational in 2024.
Korea Gas Corp. (KOGAS) and Hanwha Energy are close to winning a contract to build the 1,500 MW Hai Lang LNG-fuelled power plant in Vietnam. The two companies, in consortium with Southern Power and Vietnam's T&T Group, were the only bidders in the 5.5 trillion Won ($4.75bn) project tender and currently hold exclusive talks with the local government.
SASA Polyester Sanayi, a Turkish polyester and polymer producer, has turned to GE Power Conversion to build a Purified Terephthalic Acid (PTA) production in the city of Adana. PTA is used in the pharmaceutical and textile industries, and GE’s new electrical system includes a 6-poles motor-generator (46.5 MW) and a soft starter.
Toray Industries and Siemens Energy were chosen to partake in Japan’s Green Innovation Funding Program to promote multi megawatt class PEM (Polymer Electrolyte Membrane) electrolysis in Japan. Together with Tokyo Electric, the two manufacturers will install a demo plant based on Toray's proprietary hydrocarbon electrolyte membranes.
High prices and a slowing of China’s economic recovery reduce LNG imports in the second half of this year. LNG shipments surged much earlier in 2021 on the back of China’s swift rebound from the pandemic. But traders noted gas storage levels are not enough for the upcoming winter, so more buying activity is expected in October.
French oil major Total signed a $27 billion deal in Baghdad on Sunday to build four energy projects in Iraq. CEO Patrick Pouyanne said Toral will initially invest $10 billion in projects including a gas processing plant at Iraq’s southern fields to help minimise gas imports from Iran.
Software-as-a-service provider Innowatts has developed a cloud-based solution by using the agility of Amazon Web Services (AWS) to process 4.3 billion data points per hour. By combining Innowatts AI data-analysis tool with AWS’s scalability and pay-as-you-go model, utilities can adapt their operations to customer needs and more volatile energy markets.
Carbon capture and storage (CCS), alongside with electrification could substantially decarbonise LNG projects. More than 25% of overall emissions could be removed depending on the technology adopted, Wood Mackenzie says, with capturing reservoir CO2 found to be much cheaper than post-combustion capture.
General Electric has completed an upgrade at ELPEDISON’s Thessaloniki Power Plant in Greece. The modernization consists of a GE 9F.03 gas turbine, along with a Franco Tosi-supplied steam turbine, which together boost the plant’s output by 20 MW and reduce start-up costs by 10%.
Google has announced it will invest approximately €1 billion in digital infrastructure and clean energy in Germany. The US technology company signed a power purchase agreement (PPA) with the French utility ENIGIE to run its data centers in Germany at nearly 80% carbon-free energy on an hourly basis starting from 2022.
Production of associated gas from crude oil wells in the Permian shale has fallen after three years of steady growth as the Covid 19 pandemic depressed oil demand and production. Since 2020, the share of associated gas in all five US onshore crude oil-producing regions dropped 1.5% to just 37.7% of overall gas output.
West Burton Energy has been launched as a new independent power producer in the UK after the institutional investor EIG completed its acquisition of power gen assets from the French utility EDF Energy. The transaction includes West Burton B, a 1,332 MW combined-cycle gas turbine power station, and a 49 MW battery in Nottinghamshire, England.
Though massive efforts are underway globally to electrify industry and transport, this will not be enough to meet the Paris Agreement’s net zero emission goals, the classification society DNV warns. Scaling of hydrogen could take 20 years and is expected to “arrive too late to have the impact needed today.”