Paso Norte Pipeline Group (PNP), the developer of a new US-Mexico interconnector, has launched a 30 day open season inviting shippers to express interest in delivering natural gas from the Permian Basin in the western part of Texas to under-supplied markets in Central and Western Mexico. The bidding process and consultations will last until March 5, 2018.
As the Australian summer enters its peak demand season, the eagle-eyed market operator AEMO is diligently monitoring the grid to maintain power system frequency and keep time errors within limits. EnerNOC recently started to provide to provide up to 70 MW of Frequency Control Ancillary Services (FCAS).
Demand response - as a large ‘ready to use’ resource - can supply grid balancing services faster, cheaper and with fewer emissions than traditional generators can.
Prices for US gas flowing to the Canadian provinces of Ontario and Quebec have risen by a third over the first nine months of 2017, pushed up by a 25% rise in imports. Northbound cross-border pipeline deliveries hit 693 billion cubic feet (Bcf) from January through to the start of October, up from 556 Bcf in the previous year, according the US Department of Energy (DoE).
Reacting to recurring power outages, South Africa is taking steps to reduce its reliance on aging coal-fired plants. Over the next five years, the Government plans to replace some out-dated coal capacity with nearly 10-GW of supercritical coal units. It seeks to attract investment to realize up to 4 GW of gas-fired independent power projects (IPPs) that would be supplied by imported LNG from floating terminals at Richards Bay and Port Coega starting in 2020.
Imposing a more stringent output cap on the Dutch Groningen field, Europe’s largest onshore gas reservoir, due to another earthquake in the area, would leave Europe dependent on importing more natural gas from Russia through the Nord Stream pipeline, Wood Mackenzie warns, saying “upside potential from Norway will be limited until 2019.”
Expanding at an annual rate of 6.07%, the global market for hydrogen generation is expected to reach $154.74 billion by 2022, up from currently $115.25 billion. According to MarketsandMarkets analysis, the merchant segment will grow at the fastest rate due to the rising need for hydrogen for desulfurization of petroleum products.
Seeking to end crippling power shortages, Myanmar is planning to build a series of gas-fired power stations with the aim of doubling the country’s installed electricity generation capacity by 2021. Aspiring full electrification by 2030, the government now said it aims to construct and commission four power plants.The cost for realising this ambitious plan comes with a price tag of $5.16 billion, according to Myanmar’s Ministry of Electricity and Energy.
Reacting to a “collapse in demand” in the worldwide market for fossil power generation, Joe Kaeser, the man at the helm of Siemens, today confirmed the company will shed 3,000 jobs in the fossil power plant sector in Germany over the next two years. “The massive decline in demand in this sector is not a “Siemens problem,” he stressed. ”It is the consequence of a massive – in part, over 40% – decline in the world market and of price erosion of over 30%."
Supply of natural gas from Mozambique’s Coral Floating Liquefied Natural Gas (FLNG) project has the potential to revive South Africa’s subdued gas-based Independent Power Projects (IPPs). “South Africa has explored a gas-to-power programme and Coral FLNG is a future potential physical supplier to that scheme, noting the low shipping costs involved,” commented Standard Bank’s head of oil & gas Southern Africa, Paul Eardley-Taylor. Together with the Industrial and Commercial Bank of China (ICBC), Standard Bank invested about $8 billion in Coral FLNG, making it the project’s largest lender.
Diversifying beyond its oil & gas business, Shell has spent over $400 million on a range of acquisitions in solar power and electric car charging points – but investments are not limited to green energy. Shell, similar to its rivals BP, ExxonMobil and Chevron, also anticipates that natural gas will power the surge in electric vehicles for years to come.
Surging shale gas production in the three Appalachian states – Ohio, Pennsylvania, and West Virginia – is exceeding regional demand and keeps pushing down prices. The prolific Marcellus and Utica Shale increased their combined share in total US gas production from 2% in 2008 to currently 27%, according to EIA figures, while gas consumption in the Appalachian region has grown due to the power sector, but to a much lesser extent.
Seeking to unlock gas-to-power market opportunities, AG&P of the Philippines is developing pragmatic, end-to-end LNG delivery solutions for decentralized power plants in remote island nations. “Demand aggregation is the key to unlocking the market for gas,” AG&P said, revealing it is targeting to develop integrated LNG-fuelled power projects in South Asia, the Americas and Africa.