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China’s gas demand recovers as industries restart production

Despite the coronavirus outbreak, China’s natural gas demand and LNG offake has rebounded in February as the government is keen… Following rapid import growth last year, offtakes in January 2020 had...

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First Gen to start building FSRU for Batangas power stations in May

Manila-listed First Gen Corp. is fast-tracking a floating storage and regas unit (FSRU) to ensure continuous fuel supply for 3.2… The FSRU project will be built in the First Gen Clean Energy Complex...

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GE strives to add 3 GW power gen capacity in Iraq before summer

General Electric is working towards adding 3 Gigawatt of power generation capacity to the grid in Iraq before peak summer… By summer, some new installations that will come online and some of the units...

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Wärtsilä to operate and maintain El Salvador power plant

The Finish technology group Wärtsilä has signed a 15-year operation and maintenance (O&M) agreement with Energía del Pacífico for a… Energía del Pacífico had contracted the Finish OEM to supply and...

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Battery storage needs fast-start gensets to effectively balance grids

In the face of Britain's renewable energy build-out to become carbon-neutral by 2050, more batteries will be deployed to balance… “Even if you oversize the amount of [renewables] generation you need...

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Transport sector blamed for derailing Germany’s 2030 climate goals

Germany's policy push to reach 2030 climate targets is “insufficient,” two government-commissioned studies find. Despite the agreement on a coal… An EU decision to step up 2030 climate ambitions...

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Indoor farming needs electricity price of 3-5¢/kWh to breakeven

In Asia, indoor farming is becoming a critical enabler of food security. However, this highly energy intensive process of plant… Virtually all energy demand comes from lighting and moisture/climate...

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ACWA Power seals $1.2 billion deal to build 1.5GW CCGT in Uzbekistan

Saudi Arabian utility developer ACWA Power has signed a $1.2 billion contract to realize a 1,500 MW power project in… Just a few days earlier, international investors had been courted to help finance...

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India snaps up distressed LNG cargoes to meet power sector demand

Buyers in India are stepping up LNG imports, taking advantage of distressed cargoes from Northeast Asia where demand plunged in… Coal-to-gas switching has allowed Indian utilities to absorb a large...

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Oil prices plunge 27% as Saudi Arabia launches price war with Russia

Crude oil prices plummeted over the weekend after Saudi Arabia decided to slash price and flood the market in a… The turmoil comes after OPEC and Russia failed to reach an agreement on lowering oil...

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IFC arranges $346m financing for Atikou CCGT in Ivory Coast

The International Finance Corporation (IFC) has arranged a debt financing package worth €303 million ($346m) to develop and operate the… The Atinkou project consists of a 20-year concession to develop...

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IEA sees oil and gas market “severely affected" by coronavirus

The International Energy Agency (IEA) has modeled how oil and gas demand could evolve, dependent on contingency measures against the… In contrast, a more optimistic high case scenario assumes a quick...

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Oil prices stabilize after U.S. President Trump promises relief package

Crude oil prices have edged up some 10 percent and natural gas prices start to stabilize in reaction to President… Trump pledge he would propose Congress a payroll tax cut, relief for small business...

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Uniper gets boost as British capacity market comes back to life

German utility Uniper has lifted its full-year earnings outlook in reaction to the recent revival of the UK capacity market… Claims for back-payments from the UK capacity market scheme gave Uniper a...

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Wärtsilä signs EPC contract for dual-fuel power plant in Guyana

Guyana Power and Light (GPL) has awarded Wärtsilä an Engineering, Procurement and Construction (EPC) contract for a dual-fuel power plant… Oil exploration activities in the offshore waters of Guyana...

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Germany should focus on green hydrogen, CCS seen as ‘distraction’

German research minister Anja Karliczek is calling for a “clear schedule and a clear target” for a transition to green… Making green hydrogen in Germany currently costs around €8 per kilo, but the...

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New York power plant uses excess energy to mine Bitcoin

Greenidge Generation, a gas-fired power plant operated by Atlas Holding in upstate New York, is using ‘behind-the-meter’ electricity to mine… The Greenidge plant currently runs at 30 megawatts during...

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A day late and a Euro short on energy storage?

Speed and scale is of the essence for new energy storage to solve intermittency issues of a renewables role-out. However,… Balancing supply and demand is vital to counteract renewables’ variability....

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Indonesia’s PLN bogged down by electricity oversupply

Financials of Indonesia’s state utility PLN are burdened by excess electricity, notably on the Java-Bali grid, which could be oversupplied… Electricity consumption across Indonesia increased just 3.8...

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MHPS supplies turbines for 840 MW hydrogen-fuelled plant in Utah

Mitsubishi Hitachi Power Systems (MHPS) has been contracted to supply two M501JAC power trains to the Intermountain Power Plant (IPP)… The fuel transition will start in 2025, when the turbines run on a...

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