Malaysia’s state energy company Petronas has supplied two LNG cargoes to Myanmar to fuel three power projects with 900 MW combined capacity, developed by China National Technical Import & Export Corp. (CNTIC) and Hong Kong-based VPower Group. The LNG cargoes were shipped from Bintulu to the port of Yangon.
Chart Industries has teamed up with privately-held Risco Energy Solutions to provide LNG equipment like storage tanks, ISO containers and trailers in support of Indonesia’s growing LNG-to power market. The agreement, signed in Q2-2020, is part of a series of gas-to-power or LNG fuelling-related orders.
Germany's energy industry is slashing planned investment for 2020 and 2021. Though the Government urges utilities to step up and become a "main pillar" of a sustainable recovery in the wake of the coronavirus crisis, the industry association BDEW says capital spending this year will be way below the 2018 Capex of €15.5 billion.
Investment in energy infrastructure is being slashed by one-fifth, or almost $400 billion, in 2020 due to lower energy demand and prices caused by the Covid-19 pandemic, the International Energy Agency (IEA) finds. Tracking of company announcements and investment-related policies before the crisis had suggested energy spent could grow by 2% worldwide.