ADNOC-Gulf LNG deal to strengthen Thai gas power market

Oct 26 – Wärtsilä has been selected to convert the Termocabo Power Station, in Pernambuco, Brazil, from heavy fuel oil (HFO) to natural gas-fired operation. The project, carried out on behalf of Termocabo, allowed the Brazilian utility to participate in the 2026 Capacity Auction where they were awarded a 10-year Power Purchase Agreement to generate 50 MW of electricity and sell it directly to the national grid.

Oct 23 – More than 7,000 homes across Cornwall and Devon are without electricity supply as the first storm of this autumn has battered part of the UK. Downed trees and power lines make it difficult for local TSOs to restore electricity and the met office warns that yet another storm will hit the UK over the weekend.

Oct 20 – Wärtsilä has broadened its role in seven power plant projects under two contracts for Brazilian energy company Origem Energia, expanding previously announced engine supply to also include process EPC activities above ground level. The power plant projects represent 371 MW of flexible capacity needed to provide balancing power and support renewables integration.

Oct 16 – Saipem has demonstrated its FlatFish autonomous underwater vehicle in Trieste, showcasing technologies designed to improve CO₂ leak detection and monitoring at offshore carbon capture and underground storage sites (CCUS). The technology is gaining relevance in the European power sector as a means of mitigating emissions from coal- and gas-fired generation. Saipem’s demonstration highlighted how autonomous robotics can enhance the operational reliability of offshore CCUS operations and help operators and electric utilities meet increasingly stringent EU environmental regulations.

Oct 13 – TotalEnergies and KKR have agreed to add 700 MW to their joint venture, which currently holds 1.4 GW of capacity. The transaction covers a portfolio of three large-scale solar power plants located in Texas and Ohio, due commissioned by the first quarter of 2027. All electricity generation by these assets will be marketed by TotalEnergies, which also owns three open-cycle gas power plants with a combined capacity of 1,500 MW in Wolf Hollow, near Dallas, Colorado Bend (530 MW – 74 MW) and La Porte (150 MW), both southeast Houston.

Sept 9 – HD Construction Equipment and US onsite power provider ERock have signed a mult-year deal for the supply of gas engine blocks for ERock’s so-called RockBlock generator, deployed to power data centers and critical infrastructure in Texas and beyond. ERock has a track record of supply electricity to customers like Meta and Microsoft, and has more than 400 operational sites and 1.1 GW of installed power generation base.

Oct 7 – GE Vernova today announced its goal to double the number of interns and permanent hires it brings on board in 2027, expanding its Alliance with the Massachusetts Institute of Technology (MIT).

Oct 2 – PacificLight Power has broken ground on a S$1.2 billion hydrogen-ready power plant on Jurong Island, Singapore, a hybrid project integrated with a dedicated battery energy storage system (BEES). With an installed capacity of 670 MW, the combined-cycle gas turbine (CCGT) plant will be Singapore’s largest and most efficient single generating unit when it starts up in 2029.

Sept 30 – Singapore households will have to pay less for gas and electricity in the fourth quarter of 2026. SP Group, Singapore’s grid operator, confirmed the household electricity tariff will fall 10.4%, or 3.32 Singapore cents (S¢) per kWh in the period between October and December 2026. Electricity prices will be at 28.59 S¢ per kWh for the fourth quarter, down from 31.91 S¢ per kWh in from July to September.

Sept 30 – Singapore households will have to pay less for gas and electricity in the fourth quarter of 2026. SP Group, Singapore’s grid operator, confirmed the household electricity tariff will fall 10.4%, or 3.32 S$cents per kWh in the period between October and December 2026. Electricity prices will be at 28.59 cents per kWh for the fourth quarter, down from 31.91 S$cents per kWh in from July to September.

Sept 28 – European gas prices at the Dutch TTF rose nearly 2.5% on Monday after US President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz, raising fears that disruptions to Middle East LNG shipments could persist into the winter. The bullishness at Europe’s benchmark gas trading hub is exacerbated by fear of gas shortages, given that gas storages are just under 70% full in key gas consuming markets such as Germany. The Dutch TTF front-month Oct26 contract was last seen trading at €74.05 per Megawatt-hour, while the Brent contract for November delivery was last seen changing hands at $108.08 per barrel.

Sept 25 – ProPetro Holding, has committed to supply 230 MW of behind-the-meter power to support Targa’s natural gas processing infrastructure in the Permian Basin. The new units bring the total contracted capacity to 510 MW, with full deployment expected in early 2028.

Sept 24 – Fitch Ratings has upgraded the credit rating of INNIO to BB from B+, with a stable outlook, following a recent upgrade by Moody’s. Analyst said these upgrades reflect INNIO’s strong operating performance and cash flow generation, supported by a growing installed base for power gen assets that helps underpin service revenues.

Sept 23 – Emerson today announced plans to build its first certified flow calibration lab and an associated automation solution service center in Qatar’s Umm Alhoul Free Zone. The new 3,500-square-metre facility will expand Emerson’s local capabilities for customers across the Middle East and Africa.

Sept 21 – MOL Group has inaugurated a new 37.4 MWp solar park and an associated electricity storage system with 20 MW of nominal power and 40 MWh of storage capacity at its Algyő site in Hungary. The hybrid power unit will strengthens the energy independence of MOL’s own operations at Algyő and reduce operating costs by replacing electricity purchased from the grid.

Sept 16 – GE Vernova is fast-tracking delivery of new 400 kV Gas-Insulated Switchgear (GIS) substation at Chesterfield, UK. The new substation is part of National Grid’s Brinsworth-to-Chesterfield and Chesterfield-to-High Marnham project, with the upgrade using SF₆-free technology to strengthen grid resilience across England and Wales in generations.

Sept 14 – Singapore’s experience in the Middle East crisis highlights the country’s exposure to external energy supply shocks. Over 95% of Singapore’s electricity generation is fuelled by imported LNG, hence diversification is paramount for supply security, said Gan Siow Huang, Singapore’s minister of trade and industry. Singapore is hence developing a second LNG terminal with a view to increasing import capacity to 15 mtpa by 2030.