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Enel, Italy's largest power producer, first embarked on an early migration to Single European Payments Area SEPA payments formats in late-2012 to meet the Commission's deadline. However, some support was needed to ensure a smooth transition, said Fernando Santini, head…
Manila Electric Company (Meralco) is in negotiations with Osaka Gas to realise gas projects worth around $2 billion in the Philippines, including a massive gas-fired power plant of up to 1,500 MW that would run on imported LNG. Meralco chairman Manuel…
Luzon, the most populous island in the Philippines, will continue to face power shortages with reserve markings are forecast to stay narrow for the coming three years, according to Manila Electric Co. (Meralco).Interim Power Supply Agreements (IPSAs) are becoming 'the…
Investors claim that uncertainty over future power tariffs and fuel pricing in Pakistan is preventing them developing a much needed LNG-based 800 MW power plant in Punjab. Though the government backs the proposed power plant, investors doubt that it would…
Nebras Power, an entity set up by Qatar Electricity and Water Company (QEWC) to invest overseas, has teamed up with Japan's Mitsubishi Corp, Marubeni and Chubu Electric Power to evaluate the development of a huge energy project in southeastern Turkey. The…
A plunge in the contribution of CCGTs and cogeneration to the Iberdrola's overall 2014 electricity output, has prompted CEO Ignacio Sanchez Galan to suggest that Spain's future use of gas-fired capacity now depends on future prices of coal and carbon…
Reserve margins in Texas are currently "balanced on a razor's edge" but are set to tighten, according Calpine, one of the Lone Star State’s largest power providers. Calpine CCO Steve Pruett warned margins will drop below 12% this year, decline…
Natural gas is set to emerge as the fastest growing single source of power, as economic growth in Asia will drive global energy demand at an annual rate of 1.9% over the next decade, BP stated in its Energy Outlook…
Final stage of China's gas price reform is due to be completed before the end of this year, notably the increase of 'existing' city gate prices to a higher 'incremental' price. Given the oil-link of city gate prices domestic gas…
Two offshore power plants, mounted on vessels, will be shipped from Turkey to Ghana in March. Operated by Turkish "Karpowership" Ghana Company, the 450 MW power ships run on LNG and will be located at the ports of Tema and…
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