Volatility in Spain's gas demand set to rise - Enagas |
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The volatility of natural gas demand in Spain is set to rise as the integration of electricity and gas market intensifies, Maria Teresa Bravo, responsible of European gas infrastructure development at Enagas said today. "Natural gas is as a facilitator for Spain's rising renewable energy production, therefore gas infrastructure needs provide sufficient flexibility for gas to play that role, she said at the LNG & Gas-to-Power conference in Valencia. |
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Mitsubishi delivers 4 diesel engine power generators to Palau
Mitsubishi Heavy Industries (MHI) has delivered four diesel engine power generators to the Republic of Palau as part of an emergency grant aid by the Japanese government to alleviate power shortages. MHI said installation work on the generators is slated for completion by the end of this month.
Dresser-Rand installs KG 2-3G gas turbine at German cogeneration plant
Dresser-Rand, a global supplier of rotating equipment solutions, has been commissioned by Max Bögl Group to install an indirectly fired KG 2-3 G gas turbine at its new biomass cogeneration plant in Bavaria, Germany.
IEC fast-tracks tender to buy five 25 MW gas turbines
Israel Electric Corp (IEC) has fast-tracked a tender for buying five gas turbines in an effort to bolster electricity supply ahead of the summer demand peak. Bidders for IES’s tender to buy five used mobile gas turbines (25 MW each) were asked to submit their bids within only 14 days.
Need for cost-effective backup power generation capacity rises in Europe - Pratt & Whitney
As renewable, intermittent wind and solar energy replaces traditional base load coal-fired and nuclear energy in Europe, the need for substantial sources of cost-effective backup power will be great, forecasts Eleazar Rodriguez, Director of Sales for Spain, Portugal and Latin America at Pratt & Whitney Power Systems.
Spain: Investment in 5,000 MW of new CHP capacity on the horizon
Investors in new cogeneration plants in Spain eagerly await the introduction of a new support mechanism.
“An extension of
Spain: “Profitability of CCGTs has not reached the bottom yet” - Poery
Profitability of combined cycle power plants (CCGTs) in Spain is likely to deteriorate further on rising electricity supply from solar PV and wind power generation. “We may not have reached the bottom yet. No investment in new CCGTs is likely in the next 10 to 15 years,” James Cox, Principal Consultant, Poery Energy Consulting, said at the ‘Gas to Power conference’ in Valencia today.
Spanish LNG re-exports reach 30% in 2012 - Clarksons
The share of LNG re-exports from Spain has risen to a record 30% of import volumes in 2012 as shippers divert cargoes contracted on flexible terms to profit from high gas prices in Asia, lga Vedernikova, LNG Divisions Director at Clarksons said today. Spain gas demand is forecast to remain on low levels, leaving regas capacity underutilized.
News Brief
Toyota Motor increases share of inhouse power production to 30%
May 18 - Toyota Motor Corp. said it will increase the share of electricity produced from its own generators to 30% from 20% by installing eight gas-fired cogeneration units at its plants in Japan’s Aichi prefecture.
The start-up of the cogeneration units is planned by September.
Toyota Motor’s move to reduce its dependence on electricity supply from Japan’s power grid by installing new cogeneration plants comes in light of the risk of power shortages this summer.
Japan’s overall power generation capacity has been significantly reduced due to the shut-down of all nuclear power plants following the Fukushima nuclear crisis last year.
British Columbia adopts regulation incentivising natural gas vehicles
May18 - Regulation incentivising utilities in British Columbia to invest into natural gas vehicles has been adopted by the Ministry of Energy and Mines.
The Greenhouse Gas Reduction Regulation permits a utility to spend up to C$62 million on vehicle and ferry incentives, up to C$12 million on compressed natural gas fueling stations and up to $30.5 million on liquefied natural gas stations, for a total C$104.5 million, the ministry said in a statement on Thursday.
FortisBC, an utility with 1.1 million customers in British Columbia, said it supported the goals of the new regulation.
Asia-Europe gas price spread set to narrow – Goldman Sachs
May 17 - Goldman Sachs forecasts the spread between European and Asian gas prices will narrow in Q3 on rising LNG supply and a tightening European market.
The premium of Asian spot gas prices over European contracts currently stands at USD 9/MMbtu, the widest spread since August 2008, Goldman Sachs said in a research note late Wednesday.
The widening of the spread was caused by milder temperatures in north-west Europe and lower oil prices, combined with high Asian gas demand and tight LNG supply let to a rise in.
Goldman Sachs forecast the tightness in Asia relative to Europe will peak in 2Q 2012, though the price differential should narrow later this summer by early Q4 following “the likely normalisation of Yemeni flows in the coming weeks and the ramp-up of 13bcm/year of new liquefaction capacity in the coming months,” the note reads.
E.ON sells off Open Grid Europe for € 3.2 billion
May 16 – E.ON has sold its gas transmission company Open Grid Europe for € 3.2 billion to Macquarie European Infrastructure Fund 4, Infinity Investments, British Columbia Investment Management Corp, and Meag Munich Ergo Asset Management.
E.ON said today it expects close of the transaction in the third quarter of this year, provided it receives approval of the German Federal Cartel Office and the German Federal Ministry of Economics and Technology.
Open Grid Europe operates Germany’s largest gas transmission system and has evolved as a key gas trading hub for mostly oil-indexed gas imports from Russia and Norway.
GE to launch gas turbine hybrid propulsion
May 16 - GE Marine is to launch hybrid electric systems for military and commercial marine customers based on its LM aero-derivative gas turbines, motors and drives, to help reduce noise and improve fuel economy.
GE said its LM2500 gas turbines can be applied in a dual gas turbine hybrid arrangement versus a single gas turbine configuration to provide the lowest technical, cost, schedule and operational risk.
GE has already provided components on seven gas turbine hybrid or electric powered ship classes in service or under construction, including the US Navy's LHD 8 USS Makin Island, the German Navy's F124 and F125 frigates, and the Italian and French FREMM frigates.
Weston Power Plant to be retrofit with pollution control system
May 15 - Wisconsin Public Service Corporation said it is working on retrofitting its Weston Power Plant with a ReACT multi-pollution control system by 2016.
Tokyo-based J-Power EnTech Inc. is designing the ReACT control system, tailor-made for installation 350-megawatt (MW) Unit 3 Alstom boiler of the Weston Power Plant.
Polish utilities utilize ABB transformers to reduce energy consumption
May 15 - Polish Energy Group and Tauron, Poland's two largest utilities have both selected ABB core distribution transformers to reduce energy losses in their power distribution networks.
Each company recently orderes more than 1,000 ABB amorphous core distribution transformers to reduce power losses, ABB said today.
The transformers cut no-load energy losses by up to 70% compared to international reference standards.
Combined operations of Polish Energy Group and Tauron account for about 60% of Poland's power distribution network.
EDF Trading posts 43% increase in Q1 sales
May 14 – EDF Trading posted a 43% increase in sales in the first quarter of the year as power and gas was "particularly strong in Europe during this first quarter," CFO Thomas Piquemal said.
The trading house of EDF, the French power incumbent, forecast it is on track to meet a forecast 4-6% rise to €15.4 -15.7 billion in Ebitda and a 5-10% growth in net income to €3.7- 3.9 billion in 2012.
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