The German government is striving to set up a production and import chain for renewable hydrogen from West African countries, where it can be produced cheaper due to better wind and solar condition. Once liquefied and shipped to a German port, the green hydrogen would help decarbonize the country's energy-intensive industry and transport sector.
China’s coronavirus health crisis has slashed the country’s gas demand by 2 billion cubic metres (Bcm) by the end of the first week in February, mostly due to industry closures and quarantined workers. Anticipating a “limited resumption of economic activity,” Wood Mackenzie says full-year 2020 gas consumption could be between 6 Bcm and 14 Bcm lower.
Nemo Link, the first ever UK-Belgium power cable with 1,000 MW capacity, has allowed National Grid to import substantial amounts of cheap renewable energy. Over 5,889 Gigawatt-hours (GWh) of electricity were imported to the UK in the first year of operations and nearly 176 GWh to Belgium through a "near real-time" power trading system.
Turkey’s Karpowership has submitted a proposal to the government of South Africa to provide a several ships to avert a looming power crisis. State-owned utility Eskom frequently resorts to load-shedding and in December, the government issued a request for information (RFI) to source up to 3,000 MW at short notice, and at the least cost.
Indonesia, home to 260 million people, will see its population reach 300 million by 2030 which pushes up power consumption 6.4 percent annually from 2,400 TWh per year seen today to 4,400 TWh/year. Considering Indonesia’s “limited renewables potential,” MHPS reckons the country’s rising electricity demand will largely be met by new gas-fired power units.
Fast economic growth and insufficient power gen capacity makes the Philippines a prime market. For small scale LNG-to-Power projects, MAN Energy Solutions calculates with an electricity wholesales price of 90 Euros per MWh. This is “very attractive” considering gas prices at the genset site of between 10.5 Euros and 35 Euros per MMBtu.
Italian turbine manufacturer Ansaldo has approved its 2020-24 Business Plan to reposition its service segment by “exploring partnerships” for its subsidiaries PSM and Ansaldo Thomassen, or the “sale of company stakes.” Compared with past years, Ansaldo said its order book is “more balanced” in 2020, hence some 100 million Euros can be spent on new production technology.