Projects & Finance

Gazprom and Eni have signed a memorandum of understanding in Moscow over sales of Russian gas.

Chevron says it won’t build any more major LNG projects in Western Australia, and other developers are expected to follow suit, as they focus on returns on money already spent in a market that has seen costs overshoot and prices crash since 2013.

Gazprom is expected to announce a financing package for the $11 billion Nord Stream II gas pipeline by the end of March, with EU Competition Commissioner Margrette Vestager speaking positively about the project this week, although it has yet to gain full EU approval.

Competitive Power Ventures (CPV) has begun commercial operations at the 725MW natural gas-fired plant in Charles County, Maryland, US. The plant is owned by CPV, Marubeni, Toyota Tsusho and Osaka Gas USA, and is located 25 miles southeast of Washington, DC.

A new 880MW, £710 million gas-fired power station has officially been opened at Carrington in Greater Manchester.

Century Power Limited, a subsidiary of the Obijackson Group, plans to start the construction of a 2000MW thermal power plant in Nigeria’s Anambra State.

GE has announced an order for a 200MW combined-cycle power plant with tri-fuel capabilities that will be operated by Amandi Energy Ltd in Aboadze, Ghana.

GE and Caithness Energy have announced an agreement for GE to provide up to six high-efficiency HA gas turbines, six steam turbines, six heat recovery steam generators and other equipment (together known as ‘power islands’), for Caithness Energy’s power plants in the US.

Germany-based MAN Diesel & Turbo will deliver two turbines and compressor trains to Nigerian Dangote Oil Refining Company, for the company’s refinery in the capital of Lagos.

France’s Engie SA plans to sell its 10% holding in Petronet LNG, India’s biggest importer of liquefied natural gas.

Work is beginning on the installation of a new 370MW combined cycle gas turbine (CCGT) and major refurbishment works at Centrica’s Kings Lynn power station in Norfolk, England. The plant is one of several new Centrica projects, totalling 500MW that won 15 year Capacity Agreements with National Grid to supply power during peak periods from October 2020.

Tokyo Electric (Tepco) and Chubu Electric have decided to fully integrate their thermal power operations within two to three years. The operations, which account for half of Japan’s total thermal power capacity, will be brought together under the auspices of Jera Co. - a thermal power and fuel company jointly set up in 2015.

Siemens and its Dresser-Rand business is to supply four Siemens SGT-700 industrial gas turbines, to drive compressor trains and a power plant at the Liwa Plastics Industrial Complex project in Oman.

 German chancellor Angela Merkel and Egyptian president Abdel Fattah El-Sisi have symbolically inaugurated the first phase of Siemens' Megaproject in Egypt on March 2.

“The event marks an important milestone towards the completion of the project, which will boost the country's power generation capacity by 45% when finished” Siemens said.

The European Bank for Reconstruction and Development (EBRD) is to provide financial support to help Latvian energy service companies (ESCOs) obtain long-term financing for energy efficiency upgrades.