In early December, Gazprom will start supplying Russian gas to China via the ‘Power of Siberia’ pipeline. Pursuant to the $400 billion contract with CNPC, more than 1 trillion cubic meters (Tcf) of gas will be supplied over 30 year, Gazprom said, adding the aim is to build more interconnectors to China.
Seven days of a record heat-wave in Europe – with temperatures at over 44°C in northern Spain and southern France – have claimed lives, sparked wildfires and propelled up electricity demand to all-time-highs. However, temperatures are forecast to fall sharply today in northern Germany and the Netherlands, with hefty storms set to allow for wind power supply of up to 14.1 GW on Monday.
As Israel boosts domestic gas production it becomes cheaper for Jordan to import excess Israeli gas via a short pipeline, under construction, than buying LNG cargoes under a mid-term contract with Shell. Works on new 65-kilometre gas interconnector are ahead of schedule and could be completed in Q3-2019. First gas is expected at the start of 2020.
Monthly power output from renewables in the United States exceeded coal-fired generation for the first time in April, due to record wind power output and low demand amid moderate temperatures. According to EIA figures, wind and solar power sources provided 23% of total electricity generation, compared to 20% from thermal coal.
Electrification of the transport sector can help curb emissions substantially, Wood Mackenzie finds. A typical mid-size electric vehicle (EV) generates up to 67% fewer emissions than a gasoline internal combustion engine (ICE) car. But the crucial factor is the location where they are driven and the regional power generation mix.
This year, for the first time since the Industrial Revolution, more of Britain’s electricity production will come from zero carbon energy sources, than fossil fuels. The landmark tipping point will be reached after National Grid invested £1.3 billion over the past decade in the clean energy transition, as well as £2 billion in new interconnectors such as the 1,400 MW North Sea Link to Norway.
Australian-owned liquefied natural gas trading platform GLX is now allowing European gas buyers and sellers to access its digital bid-offer system for global spot LNG cargo dealings. U.S. and Russian cargoes are increasingly traded at UK National Balancing Point (NBP) and Dutch Title Transfer Facility (TTF).
Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia, as the country needs additional gas supply for power generation. Time is of the essence, hence WoodMackenzie expects Petronas to ramp up its exploration efforts in deepwater Sarawak to prove up easier-to-develop resources.
The German government has been urged to keep the coal exit roadmap as flexible as possible. Andreas Kuhlmann, head of the German Energy Agency (dena) said rather than rigidly implementing the Coal Commissions’ proposals, there needed to be some leeway for key sectors – notably transport, buildings and industry.
The Asian Development Bank (ADB) has entered a partnership with the United States Agency for International Development (USAID) to mobilize $7 billion worth of investment for energy projects in Asia and the Pacific. The explicit aim is to boost the capacity of clean energy systems by 6 Gigawatts (GW), and increase regional energy trade by 10% over the next five years.
French oil and gas giant Total and Germany’s Siemens have proposed to scale back the size of the 1,230 MW integrated Kanbauk LNG-to-Power project after unresolved talks with the Government of Myanmar over financial terms. Downsizing is hoped to save the project which is at risk to be suspended, or outright cancelled.