Norway’s Equinor and Russia’s Gazprom have lost market share in Europe for the first time in four years as LNG shipments to the region tripled over the past 10 months. Sluggish spot demand from Asia made shippers divert excess cargoes to Europe instead.
Kahraba, a part of the Egypt Kuwait Holdings (EKH) Group has contracted Wärtsilä to supply gas engines to boost the capacity of a power plant in Borg El Arab, an industrial city some 45km southwest of Alexandria.
The Indonesian President Joko Widodo is proposing to remove a freeze on fuel and power prices, with the 2020 budget proposing to halve diesel subsidies and allot less for LPG and electricity. Having won the general election, Widodo uses his reaffirmed position to partly reverse his earlier ruling to keep energy prices flat throughout this and last year.
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.
MAN Energy Solutions has been commissioned to build two combined heat and power (CHP) plants in Chemnitz on behalf of the municipal utility eins energie in sachsen. The two CHPs will be driven by a total of 12 MAN 20V35/44G TS gas engines, each with an output of 12.6 MWe.
Realism has set in as California regulators start watering down the state’s 100% renewables target by approving the repowering of the Grayson gas power plant. The nearby city of Glendale is at risk of blackouts and fast-ramp gas power units will help prevent this.
Widespread blackouts across Britain eleven days ago were caused by a lightning strike. This led to almost simultaneous outages of two generators, taking 1,500 MW off the grid – much more than the 1,000 MW of back-up power available, National Grid told UK energy regulator Ofgem.
Natural gas deliveries to U.S. LNG export plants set a monthly record in July, although gas use for power generation spiked to 44.5 billion cubic feet (Bcf) on July 19. Healthy shale gas output drove down spot gas prices at the Chicago Citigate – the regional price benchmark for Midwestern states to levels lower than those at Henry Hub.
Japan’s JERA; the country’s largest LNG importer and power generator, has completed works to replace 13 gas turbine units at the 5,040 MW Futtsu Power Station. The revamped CCGT has already resumed commercial operation.
GE's share price keeps recovering fast after investigator Harry Markopolis made the stock plunge over 11% in one day, alleging $38.1 billion in potential losses that were hidden through a “bigger fraud than Enron.” Reacting swiftly, GE CEO Larry Culp bought shares worth $2 billion and dismissed the claims as "meritless, misguided and self-serving speculation."
Refusing to take the sole blame for the UK’s unprecedented power outage on August 9, National Grid said power generators were responsible for the faults at the Hornsea offshore windfarm and the Little Barford gas power station. The regulator Ofgem is investigating whether the grid operator should have done more to limit in the scale of the blackout.
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.
Critics have questioned the commercial viability of a new 300 MW ‘emergency reserve’ power plant at Irsching, Bavaria. Uniper is preparing to build an open-cycle gas power unit even though it is seeking to mothball two combined-cycle power units at the same site. Asked about this seemingly paradox situation, Uniper told Gas to Power Journal that the new OCGT project has, in fact, been stipulated by the German lawmaker.
After breakthroughs in curbing energy related emissions, industrial decarbonisation is the next frontier. At zero-carbon electricity prices below $50/MWh, using electricity for heat in industrial processes becomes more economical than carbon capture and storage (CCS), McKinsey finds.
Hot weather and low gas prices have pushed up the share of gas-fired generation in PJM Interconnection to its second highest all-time daily average. Coal-to-gas switching mainly occurred in the western part of the grid, where gas was priced nearly $0.50/MMBtu lower year-on-year.