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Policy & Regulatory
Indonesia considers creating a state-owned upstream company
14 Feb 2020The government of Indonesia has submitted a bill to the parliament to create a new state-owned company in charge of upstream oil and gas activities, which would conduct business with private companies through production sharing contracts (PSCs) and would regulate the hydrocarbon sector. The upstream oil and gas regulator tasks (production licence allocation, work programmes and budget) are currently carried out by SKK Migas, which was created in 2001 and took over these activities from the national oil company Pertamina.
Read moreIndonesia will start trial use of 40% biodiesel fuel in March 2020
13 Feb 2020Indonesia plans to start road tests using biodiesel fuels with a 40% bio-content (B40) in March 2020. B40 fuels are produced by distilling crude palm oil (CPO) and infusing fatty acid methyl ester (FAME) to the blend. Two models will be tested for the B40 fuels. The Indonesian government intends to implement B40 fuel fully in January 2021. With biodiesel development, the archipelago aims at reducing its energy imports and current account deficit and at creating new opportunities for Indonesia’s palm oil output (43 Mt in 2018).
Read moreCompanies
Statkraft (Norway) plans to expand in hydropower, wind and solar by 2025
14 Feb 2020The Norwegian power group Statkraft has released its 2019 results, posting a 1% decline in its power generation to 61.1 TWh in 2019 due to a lower hydropower availability (-6.6% to 53 TWh) that was partly offset by a higher gas-fired power generation (tripling to 4.5 TWh). Nearly 74% of the company’s power generation came from Norway (45 TWh). The group sold 60% of its power generation on spot markets (nearly 37 TWh) and 35% under long-term commercial contracts (the remainder was sold at statutory prices (concessionary sales)).
Read moreEuropean Commission approves acquisition of Eneco (Netherlands) by Mitsubishi
13 Feb 2020The European Commission has authorised Mitsubishi to take over the Dutch energy group Eneco, considering that the proposed acquisition is consistent with the EU merger regulations and would raise no competition concerns.
Read moreEnergy & Climate Markets
Africa and the Middle East added 894 MW of wind power capacity in 2019
14 Feb 2020According to the Global Wind Energy Council (GWEC), new installations of wind power capacities in Africa and the Middle East slowed down in 2019, with only 894 MW installed in 2019, compared to 962 MW in 2018 (-7%). Leading countries were Egypt, which installed 262 MW of new capacity, followed by Morocco (216 MW), Jordan (190 MW), Ethiopia (120 MW) and Iran (50 MW).
Read moreFrench electricity consumption reached its lowest level in 10 years in 2019
14 Feb 2020According to the French power transmission system operator RTE, electricity consumption in France declined by 0.5% in 2019 (including climate corrections), reaching its lowest level in 10 years. This slight decrease is explained by efforts in terms of energy efficiency (in buildings and equipments), by the structural shift in economic activities (towards services activities), and by a slowdown in economic growth, especially at the end of year.
Read moreNigeria LNG renews LNG supply agreement with Galp Energia (Portugal)
14 Feb 2020Nigeria Liquefied Natural Gas (NLNG) has concluded a 10-year LNG supply agreement with the Portuguese energy company Galp Energia for 1 Mt/year of LNG. The gas will be produced from the trains 1, 2 and 3 of the Nigeria LNG project.
Read moreInfrastructure & Investments
Egypt plans US$6.7bn refining and petrochemical complex in Suez
14 Feb 2020State-run Egyptian Petrochemicals Holding Company (ECHEM) has concluded a US$6.7bn deal with the US engineering and construction company Bechtel to build a refining and petrochemical complex in the Suez Canal Economic Zone (SCZone). No capacity nor commissioning date has been announced.
Read moreVineyard Wind postpones offshore wind project commissioning (US)
14 Feb 2020The Bureau of Ocean Energy Management (BOEM), part of the US Department of Interior, plans to issue a final decision on Vineyard Wind’s 800 MW offshore wind project in Massachusetts by December 2020. Its previous target was in August 2019. Consequently, the wind park will be delayed and will not enter operation in 2022. No new commissioning date has been announced so far. Vineyard Wind is a 50-50 joint venture of Copenhagen Infrastructure Partners (CIP) and Avangrid Renewables (Iberdrola).
Read moreGeorgia Power completes new milestone at Vogtle 3 nuclear project (US)
14 Feb 2020Georgia Power (part of the Southern Company group) has completed the placement of concrete inside the containment vessel of the the Vogtle nuclear power plant in Waynesboro, Georgia (United States), paving the way for the installation of machinery to load fuel into the reactor.
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