Though China’s natural gas production are likely to double to 325 billion cubic metres by 2040, the country’s gas import dependency keeps growing largely due to rising demand and lower than expected domestic production of shale gas and coal bead methane (CBM).
General Electric has completed the upgrade to the entire fleet of LM6000 turbines at the Ubungo power plant ahead of schedule. The plant, operated by Sonagas, provides over 20% of the grid-connected electricity supply in Tanzania.
The cost of producing hydrogen gas from renewables is forecast to fall sharply over the next decade, providing an affordable fuel to decarbonise the energy and transport sectors. In Germany and Texas, RES hydrogen costs could fall to $1.40 a kilogram by 2030 from the current range of $2.50 to $6.80, according to research published in Nature Energy.
The Japanese government has granted a $44 million loan to Mozambique to finance retrofits and maintenance works at a gas-fired power plant in the capital Maputo. Due to be upgraded by 2020, the plant will add 110 MW to the national grid which is hoped to end crippling electricity shortages.
Genscape, a global provider of real-time energy markets data, will be acquired by the data analytics provider Verisk which also owns the consultancy Wood Mackenzie. Versik agreed to buy Genscape for $364 million in cash to enhance WoodMac’s intelligence in energy data and analytics.
The Lebanese government is preparing to open tenders in September, inviting bidders to compete for EPC contracts to build four gas-fired power plants on a turnkey basis. The new independent power projects (IPPs) are meant to be built in the cities of Zahrani and Selaata.
Falling technology cost and supportive policies are seen pushing up the American grow from currently $400 million to top $4 billion by 2024. According to Global Market Insights, power storage could become a “market disruptor”, having nearly doubled in 2018 by adding yet another 1,000 MWh of capacity.
Ansaldo Energia has been selected by the German utility Uniper to build an open-cycle power plant on a turnkey basis. The 300 MW plant, driven by an AE94.3A gas turbine, will be installed in Irsching, southern Bavaria, for grid balancing purposes. EPC works are about to start.
Graz’s Large Engines Competence Center (LEC) and INNIO, formerly part of GE, have been researching and developing regenerative fuels like hydrogen and hydrogen carrier gases such as synthetic natural gas, methanol or ammonia. The aim is to build gas engines that are virtually emissions free.
Statisticians at the U.S. Energy Information Administration (EIA) have developed two novel ways to compare electricity use from noncombustible renewables with other energy sources: the fossil fuel equivalence approach and the captured energy approach.
U.S. presidential candidate Bernie Sanders is campaigning to launch a Green New Deal as a 10-year federal “mobilization” that would raise $16.3 million to allow the U.S. to generate 100% of its electricity from renewables by 2030.
SoftBank Vision Fund is investing $110 million in the Swiss startup Energy Vault which developed an innovative technology to store energy in stacked concrete blocks. This method is more economical than lithium-ion batteries, Energy Vault claims, simply because cement and sand are cheap materials.
The first of 14 industrial gas turbines have been shipped to Bolivia to expand the capacity of the Entre Rios combined-cycle plant. The Bolivian government has tasked Siemens, and its Spanish consortium partner TSK, to increase the country’s power generation capacity by more than 1 Gigawatt.
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.
The U.S. fracking sector “disappoints yet again” is the bleak verdict of IEEFA’s second quarter earnings review of oil and gas companies. Only 11 of the 29 scrutinized companies achieved positive free cash flows, and together they generated $26 million free cash flows – “ too little” to dent their $100 billion in long-term debt.