Natural Gas Daily: September 8th, 2020
The Asia Pacific region could see $1.5 trillion worth of investments in the power generation sector over the next decade with hydrocarbons, mainly coal and gas, accounting for $500bn, Wood Mackenzie said in a report.
- “The next decade will see gas/coal investment split at 40/60 but the share of coal is falling and beyond 2030 gas will contribute 70% with coal falling to 30%,” Wood Mackenzie senior analyst Rishab Shrestha said.
State-owned Kuwait Petroleum Corp (KPC) is expected to pick a winner in a tender to run an LNG import facility within a matter of weeks, the CEO of Italian gas infrastructure operator Snam, Marco Alvera, told reporters on September 5, according to Reuters.
- Construction on the Al-Zour LNG plant began in 2016 and had been scheduled for completion in 2021. It is set to receive some 4mn mt/yr of Qatari gas, under two deals reached earlier this year.
General Electric has won an order to supply generation equipment for a 858-MW combined-cycle gas power unit in Russia's Tatarstan region, it said.
It was also recently reported that GE and Taiwanese contractor CTCI Corp have won a contract to provide five combined-cycle gas-fired power generating units with a combined capacity of 6,500 GW for two power plants in Taiwan.
A dual-fuel vessel owned and operated by Swedish shipping company Furetank has become the first non-US-flagged ship to be bunkered with LNG in the US.
- Eagle LNG's small-scale liquefaction facilities in Jacksonville primarily serve containerships belonging to local vessel owners Crowley Maritime and Tote Maritime. The gas company secured regulatory approval last year to build a 1mn mt/yr LNG export plant at the port by 2022.
Japan’s Sumitomo Corporation on September 7 announced it had closed a transaction three days earlier to sell its share of the Marcellus shale gas project and its relevant assets in the US state of Pennsylvania. The company did not disclose the deal's value, nor the identity of the buyer.
- This was the company's second shale-gas investment after an initial foray at the Barnett shale gas project in Texas.
French water and water utility Veolia has agreed deals to acquire Hungarian combined heat and power producer Budapesti Eromu (Bert), and a district heating company in Prague, from Czech energy firm EPH, the companies said on September 7.
- Bert is the biggest heat producer Budapest.
- Veolia also made a bid at the end of August to buy a 29.9% stake in its smaller French peer Suez from France's Engie for €2.9bn.