Royal Dutch Shell has made its first foray into the Australian electricity sector by launching a A$617 million (£345.4 million) takeover offer for the retailer ERM Power. The offer is understood to be a 43% premium on the ERM’s market value. Trevor St Baker, the founder of ERM, already endorsed the offer.
To raise electrification levels in Asian island nations, utilities are looking at small-scale LNG receiving terminals with integrated gas generators. Collocating LNG regas and power projects can curb Capex significantly, Black & Veatch finds, but operators need to ensure a steady stream of LNG shipments.