Russia’s Gazprom has revised downward its investment program and budget for this year, slashing expenses by 3.142 billion Rubles ($49m) to 1,322.582 billion Rubles ($20.7bn) thanks to “project optimization”. Most capital-intensive are Gazprom’s upstream projects in the Yamal Peninsula and eastern Russia, as well as the Power of Siberia pipeline to China.
Align Renewable Natural Gas (RNG), a new joint venture by Dominion Energy and Smithfield Foods, will capture methane emissions from hog farms in North Carolina and convert them into natural gas for use in decentralized power generation. The initiative is meant to help cut the JV’s emission 25% by 2025.
Malaysia’s TNB Northern Energy, funding vehicle of TNB Prai, has received a triple-A rating when issuing Islamic securities (Sukuk) over 1.475 billion Malaysian Ringgit (US$0.35bn) to finance its latest power plant. The 1,072 MW Prai combined-cycle gas power plant in Penang receives only availability-based revenue.