The monthly share of gas in the US energy mix surpassed the coal share in July for the second time ever, with gas fuelling 35.0% of total generation compared with coal's 34.9% share, according to EIA figures. Gas-fired generation rose in every region of the United States.
Despite a slowdown in upstream markets, Capstone has received orders from two new customers, through its distribution partner E-Finity, for microturbines to be used for oil and gas operations in the Marcellus and Utica Shale regions.
Insatiable hunger for energy will see Southeast Asia’s electricity demand almost triply by 2024 – a greater rise than Japan’s current power output. “To secure its energy needs, the region requires $2.5 trillion of investment in energy-supply infrastructure,” IEA analysts forecast, suggesting power producers will favour coal due to its abundance and relative affordability.
Natural gas will continue to dominate the production of ammonia and hydrogen due to the prohibitive cost of alternatives methods. However, falling US gas prices undermine the use of hydrogen, with BCC Research analyst Gerry Runte pointing at “unfavourable economics for uses of hydrogen other than for refining and as a chemical intermediate.”
Widespread adoption of renewables is effectively lowering the capacity factor for gas- and coal-fired power plants. In Germany and the UK wind energy is now the cheapest form to produce electricity, according to Bloomberg New Energy Finance (BNEF).
Karadeniz Powership Osman Khan (KPS12) power plant – at 486 MW the world’s largest floating power plant – will be equipped with Alstom transformers. The delivery is planned to be completed in early 2016.
Philippine utility First Gen is forging ahead with adding two new gas-fired power plants to the grid. The 97 MW Avion open-cycle plant is due to come online before the end of this year, while the 414 MW San Gabriel combined-cycle plant is scheduled to start up in mid-2016.
One of Europe’s largest biomass power plants will be operated by Veolia on behalf of Belgian Eco Energy (Bee) for 15 years with revenues of around 150 million euros.
Coal is currently about three times cheaper than gas. A new CEDIGAZ report anticipates that unprofitability of CCGTs and the retirement of old coal-fired plants due to stringent air regulation may lead to the closure of one third of the current EU power plant fleet – a serious threat to security of supply.
Targeting Arabia’s growing energy sectors, Chromalloy and Arabian Qudra have joined forces to supply gas engines and carry out component repair, field services, system upgrades and service agreements, in addition to its Tiger Monitoring & Diagnostic System.
Wholesale prices in the UK gas and electricity market have fallen ahead of the upcoming winter, despite a previous alarm over tighter supply margins. Increased gas in storage and a greater share of renewable electricity generation contribute to the bearish sentiment.