The European gas community should strengthen its efforts in promoting the role gas can play in the transition to decarbonised energy markets, according to the Oxford Institute for Energy Studies (OIES).

France's Engie is focusing on the potential of gas “to complement renewable energies” while at the same time it is developing “solutions that will make gas an increasingly renewable energy” the company said in a statement in December.

Domestic consumption of natural gas in the US is expected to increase through 2040, driven by higher demand for power generation, according to the US Energy Information Administration (EIA).

Total natural gas consumption is expected to exceed 30 trillion cubic feet/year in 2040 under EIA's reference case, from around 28 Tcf/year in 2016.

Russian gas supplies to Europe are set to exceed 179 billion cubic meters in 2016, reaching an “historic high”, according to the CEO of Gazprom Alexei Miller.

In an end-of-year speech published on Gazprom's website, Miller said that 2016 had seen “new records in terms of gas deliveries to Europe” reaching a total 614.5 million cubic meters/day on November 29.

The share of electricity generated from gas-fired power plants sold on the Italian day-ahead regulated electricity market further increased in November, reaching 52.1% of total sales, up from 50.7% in October and against 42.6% in November 2015, exchange manager Gestore Mercati Energetici (GME) said in its monthly report.

The new energy package unveiled by the EU Commission on November 30 is “the widest in scope” presented at European level so far, however it is far from providing conclusive answers to current energy issues and appears to be rather “another step in a work in progress” according to a paper of the Oxford Institute for Energy Studies.

Wednesday, 14 December 2016 06:00 / Markets

UK auctions see 22.6 GW CCGT capacity awarded

UK capacity auctions for 2020-2021 have seen some 52,425.302 MW of capacity awarded, with CCGT capacity accounting for roughly 43% of total capacity, according to the previsional results published by National Grid.

The results show some 22,596 MW of gas-fired capacity was awarded, against 7,878 MW of nuclear, 6,090 MW of coal/biomass and 4,407 MW of CHP and auto-generation, among others.

EU energy ministers have agreed that cooperation on gas supply security is to be based on an analysis or risks within groups of member states rather than on a rigid subdivision in regions as was previously the case.

Russian gas supplies to Italy were up 36.5% year on year in November, Gazprom said. The rise was happening amid a strong increase in thermoelectric generation in the country over the same period, data from Italy's gas grid operator suggest.

A 1,200 MW gas-fired plant in California has filed for bankruptcy protection on Tuesday, citing “inhospitable” regulations and the increasing role of renewable energy in power generation, according to media reports.

Imports of electricity from foreign grids rose 40% year on year in October in France, grid operator Rte reported.
That was amid falling nuclear production, which was down 16% year on year at 29,017 GWh. Hydro generation also fell by 21% at 3,096 GWh, further weighing on the system.

France's Engie has reached an agreement with Norway's Statoil on the renegotiation of its long-term gas supply contract.

Enel's subsidiary Enel Brasil has presented the best financial offer for the acquisition of approximately 94.8% of the share capital of Celg Distribuição, an energy distribution company that operates in the Brazilian state of Goiás, Enel said.

UK retail supplier GB Energy Supply has ceased trading “due to swift and significant increases in energy prices over recent months,” the company said in a note on its website.

Natural gas demand in Italy so far in November was some 14.7% higher year on year, led by a sharp rise in gas demand from the thermoelectric sector, an analysis of gas grid operator Snam Rete Gas data shows.