Peak summer LNG demand in Taiwan has surged due to an earlier-than-expected shutdown of the first 990 MW unit at the Kuosheng nuclear power plant. Decommissioning works are underway and Energy Aspects now expect Taiwan to import 9.7 million tons of LNG through September.

MAN Energy Solution’s PBST brand, developer of turbochargers and exhaust-gas-treatment, has agreed to distribute Rolls-Royce’s MTU turbochargers. The cooperation combines PBST’s global sales structure and MTU turbocharger technology for high-speed diesel and gas engines.

Investment in fossil generation will fall by one-fourth to below $54 billion, while spending on new wind and solar power units could double to $1.3 trillion over the current decade to 2030, Wood Mackenzie forecasts. Subsidy-free renewables, though, will not be competitive with coal power until 2025 or later. 

German carmaker Audi will launch its last combustion engine car in 2026 and then focus exclusively on pure battery-electric cars. CEO Markus Duesmann told press the VW premium brand will sell only battery models from the start of the 2030s at the latest, in a move that will boost electricity use for transportation and could exacerbate peakload demand.

Australian LNG producers strive to lower their high carbon footprint as buyers announce Net Zero targets. However, most cargoes from Down Under incur more than the world’s average 0.56 ton of CO2e per ton of LNG produced. Carbon offsets an option, as are retrofitting liquefaction plants with CCS and replacing gas gensets with renewables and batteries.

Natural gas spot price at the US bellwether Henry Hub keeps rising amid growing LNG exports and higher gas industrial consumption. Analysts expect spot prices to reach $2.92 per MMBtu in the third quarter, up from $2.66/MMBtu in April, prompting a fuel switch to thermal coal for power generation.

The German economy ministry has dedicated €900 million for a hydrogen auction platform, set up by Siemens Energy, Linde, Nordex and ThyssenKrupp. Green hydrogen or derivatives will be bought abroad through the H2Global Foundation, and resold to industry via annual auctions starting from 2024.

Power generation in Nigeria dropped to 3,059 MW on May 28 and stayed below 4,000 MW for the following seven days, 6% below average production. Low pressure on the Escravos-Lagos Pipeline System (ELPS) had left several gas turbine power plants with insufficient fuel, leading to widespread blackouts that “could have been avoided,” Wärtsilä claims.

Commissioning is underway for Nord Stream 2 and once the pipeline starts up in late August, or early September, cheap Russian gas supply will likely reduce US LNG exports to Europe. These days, the arbitrage between the United States and Europe is still “very healthy” at $6/MMBtu, analysts noted, hence 36% of US LNG cargoes were headed to Europe through mid-May.

Transporting electricity to the UK costs dearly, particularly on the Nemo Link from Belgium where the May 2021 auction resulted in a price of €19.42/MWh – the most expensive in Europe. Researchers at the market data platform EnAppSys explained the high export price with “regulatory differences” between the GB electricity market and its EU neighbours.

To mitigate blackout risks, South Africa needs 4-6 GW installed power gen capacity and the government aims to add 20 GW in the long term. GE reckons renewables and LNG-fuelled power will be the country’s “fastest and most cost-effective pathway to decarbonisation.”

Build-out of electolysers in Europe will rise 50-fold, consultancy Delta-EE finds, with EU markets on track for 2.7 GW operational hydrogen production capacity by 2025. Research shows Germany leads the market for now, with Spain, Netherlands and Denmark aiming towards the 100s MW in four years’ time.

Page 7 of 245

News in Brief

CCUS market to reach nearly $3bn in 2025

Oct 25 – The global carbon capture, utilization, and storage (CCUS) market will grow from $1.30 billion in 2020 to $1.46 billion in 2021, according to ResearchAndMarket estimates. The rebound comes as companies return to normal operations and sales, after a pandemic-related slowdown. Analysts expect the market will keep growing at a rate of nearly 20% annually to reach $2.97 billion by 2025.

SDG&E accelerates drive towards Net Zero by 2045

Oct 20 – San Diego Gas & Electric Company (SDG&E) has set a new sustainability strategy, outlining new and accelerated goals to help meet its pledge to reach net zero greenhouse gas (GHG) emissions by 2045. SDG&E it now seeks to operate a 100% zero emissions vehicle fleet by 2035 – five years earlier than planned.

B&W develops biomass-to-hydrogen plant in Australia

Oct 19 – B&W's Renewable segment and Port Anthony Renewables Ltd have started to develop a biomass-to-hydrogen energy project in Victoria, Australia, based on B&W’s BrightLoop technology. When completed, the plant is expected to be part of the largest green hydrogen hub in south-eastern Australia.

LNG prices rise faster than oil

Oct 18 – Liquefied natural gas and pipeline supplies have experienced an even sharper increase in prices in 2021 than oil, driven by a combination of circumstances that included a strong recovery in demand in North Asia, southeast Asia and Europe, unseasonal weather and planned and unplanned capacity outages.

Wärtsilä shaft gensets to power two LNG carriers

Oct 14 – The Finish technology group Wärtsilä has been awarded a contract to supply four shaft generators to provide electricity take-off from the main engines of two LNG carriers. The ships are being built at the Hyundai Heavy Industries (HHI) shipyard in Korea on behalf of the Capital Gas Ship Management of Greece.

VoltH2 gets green light for large hydrogen plant

Oct 13 – Vision Hydrogen Corp has announced that its affiliate VoltHe has received building and environmental permits to realise its first large-scale hydrogen plant at the Dutch North Sea Port of Vlissingen. The 5 MW hydrogen plant is located near existing high voltage power and gas infrastructure as well as large wind power assets. Once operational, it will produce around 3,500 tons of green hydrogen per year and will be scalable to 100 MW or 14,000 tons.

Tesla overtakes German e-cars

Oct 12 – Sales of Tesla in Germany has overtaken that of leading German carmakers. In September, more electric Tesla Model 3s were registered in the country than leading domestic models, such as the BMW 3 Series, Audi A4 and Mercedes C-Class combined.

EnerMech spends £500k on crane training tech

Oct 11 – EnerMech has invested £500,000 in new crane simulator training systems at its Luanda (Angola), Doha (Qatar) and Great Yarmouth (UK) facilities. The British company recently formed a joint venture with 3t Energy Group to bring the KraneSIM-6000 equipment to both Qatar and Angola and offer in-country training across client organisations globally.  

Germany finances green hydrogen projects abroad

Oct 8 – The German government has agreed to support green hydrogen projects in other countries with up to €350 million by 2024, the economy ministry said when publishing a directive with relevant guidelines. Moreover, financial support is given to projects that produce and process green hydrogen for storage, transport and use in countries outside the EU through investment grants worth up to €15 million each.

UK e-car sales surge 186%

Oct 6 – Sales electric cars in the UK have surged 186% to a total of 108,000 in 2020 during the pandemic, up from just 38,000 in the previous year. Latest statistics show there were nearly 300,000 pure-electric cars on UK roads at the end of August 2021, and more than 600,000 plug-in models if including plug-in hybrids (PHEVs).

FogHorn deploys AI software at Chugoku Electric Power in Japan

Oct 4 – FogHorn, developer of Edge AI software, has deployed its Internet of Things (IoT) software at the Chugoku Electric Power hydroelectric power plant. The AI solutions will make the power gen process more efficient and enhances workplace safety. Chugoku Electric Power employs nearly 9,200 workers across 114 power units in the western part of Honshū, the largest island of Japan.

Rolls-Royce supplies MTU engines for ferry propulsion

Oct 1 – Rolls-Royce's new MT engines, automation system, and MTU Go! tool for remote service have future-proofed the high-speed catamaran Avemar Dos, run by the Spanish operator Balearia. Four MTU 20V1163 M84 units replaced the previous 1163 units, taking the vessel to a "new level of ecological soundness," the manufacturer says.

GES appoints former Puma Energy Chairman as NED

Sept 30 – Global Energy Storage (GES) has appointed the former Puma Energy Chairman, Graham Sharp, as an NED. Graham will support GES on its ‘new energies’ strategy for the energy transition, focusing on hydrogen fuels and hydrogen carriers space.

Aggreko reaches 2 GW of live power gen capacity

Sept 29 – Aggreko has today announced it has reached 2GW of live global gas power capacity and growth in flare gas to power and stranded gas projects. This new record follows a milestone of exceeding 1GW of delivered flare gas power projects in 2020.

Wärtislä renews O&M agreement with Lafarge Africa

Sept 28 – The Finish technology group Wärtsilä has renewed a long-term Operation & Maintenance (O&M) agreement with Lafarge Africa, a large producer of building materials in Nigeria. The agreement covers the 100 MW Lafarge Ewekoro power plant, which provides a dedicated supply of electricity to the company’s concrete and cement manufacturing processes.

Rolls-Royce supplies MTU engines to Sanlorenzo

Sept 27 – Rolls-Royce business unit Power Systems will become one of the leading engine suppliers for Sanlorenzo, delivering MTU 10V, 12V and 16V 2000 yacht engines with a compact IMO 3 solution. A framework contract from 2022 through 2024 has been signed at the Monaco Yacht Show.

Shell exits Permian Basin

Sept 24 – Royal Dutch Shell has sold all its upstream interested in US Permian Basin to ConocoPhillips for $9.5 billion in cash. Shell’s assets in the Permian include around 225,000 net acres with a current production of around 175,000 barrels per day equivalent.

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