New Fortress Energy (NFE) has signed an LNG supply deal for eight cargoes a year from its liquefaction units in Miami, Florida, for 10 years through January 2030. Most cargoes will head to Puerto Rico, where NFEnergía supplies regasified natural gas to two converted units at the San Juan power plant.
The last two coal units at Drax Power Station may soon shut down as the operator weighs up options. On a positive note, Drax said it secured capacity contracts for 2,562 MW at the latest T3 auction for existing gas, pumped storage and hydro assets. These contracts, running from October 2022 to September 2023, are priced at £6.44 per kilowatt and worth some £15 million.
Abu Dhabi-based Mubadala Investment Company has signed an agreement with JSC Thermal Power Plants and the Uzbek government to acquire, finance, develop and operate the 1.7 GW Talimarjan Power Complex. The privatized combined-cycle gas turbine (CCGT) plant will be expanded and run under an Independent Power Producer (IPP) model.
The Chinese government has approved Beijing Gas’ plans to build a 5 mtpa LNG import terminal near Tianjin City by 2022 to help boost regional gas imports. The economically thriving Beijing-Tianjin-Hebei region, home to some 113 million people, is at the heart of China’s ‘Blue Skies’ policy aimed at accelerating a coal-to-gas switch in the power sector to improve air quality.
The Finish technology group Wärtsilä has signed an EPC contract for a new 100 MW/100 MWh energy storage project in South East Asia. The facility, including GEMS and the GridSolv solution, will be used for grid balancing purposes. The Association of Southeast Asian Nations (ASEAN) committed to meeting 23 percent of its energy needs from renewables by 2025.
The Argentine President Alberto Fernandez is preparing a bill to encourage more hydraulic fracking in the Vaca Muerta shale with a view to boosting domestic gas production for the power sector. Excess supply is sold via YPF’s small-scale liquefaction plant ‘Tango FLNG’ and plans for a larger, onshore LNG export plants are already in the making.