Spot LNG prices in Asia likely to fall below U.S. production breakevens
Though China’s economy and gas demand is picking up, the coronavirus pandemic chocked energy consumption elsewhere. Delivered gas prices into… Europe can no longer absorb excess gas supply as economies...
View ArticleGermany may delay launch of national CO2 price
Carmakers are calling for a two year delay of Germany's national CO2 price in the transport and heating sector to help… The influential carmaker lobby group VDA also wants the European Union drop a...
View ArticlePandemic leads to more hours with negative power prices at EEX
Lockdowns will lead to more hours of negative wholesale electricity prices at the European Energy Exchange (EEX) this year. With… Plentiful sunshine across Germany has lifted temperatures to 26 degrees...
View ArticleNokia digitalizes Poland’s power grid to help connect smart meters
Nokia is deploying the world’s first 450 MHz private wireless LTE network for the Polish power grid operator PGE Systems… The Poland-wide rollout follows the successful trial of a 450 MHz proof of...
View ArticleSiemens and Uniper promote use of ‘green hydrogen’
Germany’s largest utility Uniper and Siemens have agreed to jointly produce green hydrogen, derived from renewable energy, for use in… The focus of the work is to define what role hydrogen can play in...
View ArticleBattery supply chains get back to speed in China and South Korea
Shutdowns are lifted in China and South Korea, allowing battery supply chains to ramp back up while rivals in Europe… However, shutdowns in Asia are not over, as the Philippines, Malaysia, India and...
View ArticleMore U.S. LNG cargoes head for China as energy demand notches up
As China returns to work and energy demand recovers, four U.S. LNG cargoes are en route to Chinese import terminals.… The first cargo will arrive at Tianjin by 29 April, our LNG Unlimited shipping...
View ArticleEconomics shift further towards gas generation in Europe
Demand destruction due to lockdowns has shifted the relative economics of Europe's fossil power generators towards gas. Clean spark spreads… Combined-cycle gas turbine (CCGT) power plants tend to be...
View ArticleDeal to cut oil production expected to lift prices starting from Q2-2020
OPEC producers and Russia, supported by the U.S. and Mexico, have agreed to cut output by about 10%, or 9.7… Since OPEC and Russia’s failure to agree on a production restraint in early March, the...
View ArticleGazprom carries out major investments for Eastern Gas Program
Russia’s Gazprom is fast-tracking major investments within its Eastern Gas Program to ramp up production and gas transmission capacities from… Production drilling is in full swing at the Kovyktinskoye...
View ArticleShanghai Electric’s first CCGT in Bangladesh starts operation
Shanghai Electric has commissioned its first combined-cycle power plant in Sylhet, eastern Bangladesh, on behalf of the regional Power Development… The start of commercial operation of the Sylhet CCGT...
View ArticleU.S. lenders aim to seize shale assets to avoid losses on loans
Debt financiers of U.S. fracking firms are preparing to directly manage distressed energy assets to avoid debt write-offs in the… Whiting Petroleum became the first U.S. upstream company to file for...
View ArticleMHPS helps Chinese steelworks to use blast furnace gas for power gen
China’s Baotou Iron and Steel Group has contracted Mitsubishi Hitachi Power Systems (MHPS) to build two 165 MW blast furnace… The latest order win form Baotou Steel Group is the third expansion of the...
View ArticleU.S. morning peak-load happens later due to lockdown
As the U.S. has become the epicentre of the coronavirus pandemic, grid operators have seen not only reduced weekday electricity… The current pandemic and related containment measures greatly change the...
View ArticleIndia’s gradual relaxation of lockdown could lift energy demand
India’s Prime Minister Narendra Modi has extended the nationwide lockdown until May 3 but allows some graded relaxations. The restart… The lockdown in India was put in place firmly and forcibly. On 24...
View ArticleSiemens supplies gas turbines to upgrade Ascend’s chemical processes
Siemens Gas and Power has been selected to supply three SGT-700B industrial gas turbines (33 MW each) to upgrade chemical… The three SGT-700Bs will be installed and maintained under a Long-Term Program...
View ArticleMHPS J-series gas turbine achieves 1 million operating hours
Mitsubishi Hitachi Power Systems’ (MHPS) fleet of 43 J-series gas turbines worldwide have reached one million hours of commercial operation,… Total ordered capacity for J-series gas turbines currently...
View ArticleFrench CCGTs lay idle as electricity demand plunges amid lockdown
Peaking power plants in France, mostly gas combined-cycle units, are lying idle in recent days as power demand from industries… April’20 clean spark spreads in France (for 49.13% efficiency power...
View ArticleVistra to expand battery storage at Oakland Power Plant
Texas-based Vistra is stepping up the size of its battery energy storage unit at its Oakland Power Plant. The capacity… It will be a partial replacement for the aging 165-MW jet fuel-fired power plant,...
View ArticleLADWP splashes out $1.9 billion to develop utility-scale hydrogen plant
Los Angeles Department of Water and Power (LADWP), the largest municipal utility in the U.S., is leading a $1.9 billion… For the hydrogen conversion, Intermountain Power Agency (IPA) ordered two 1-on-1...
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