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Producción y mercados energéticos 10/05/19

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Latest Energy News 10 May 2019
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CO2 emissions decrease by 2.5% in the EU

According to Eurostat’s early estimates for the year 2018, carbon dioxide (CO2) emissions from fossil fuel combustion decreased by 2.5% in the European Union (EU) compared to 2017 levels. Although Germany reduced significantly is CO2 emissions in 2018 (-5.4%), the country remains Europe’s largest carbon emitter with a 22.5% share of EU’s total CO2 emissions in 2018, followed by the United Kingdom with a share of 11.4%.

With a rise of 3.5% of its energy-related emissions, Poland has become EU’s third largest CO2 emitter in 2018, with a 10.3% share in total emissions, exceeding France and Italy (10% each)

Remarquable energy-related CO2 emission reductions where recorded in Portugal (-9.0%), Bulgaria (-8.1%), Ireland (-6.8%), the Netherlands (-4.6%) and Croatia (-4.3%), Greece (-.36%), France (-3.5%), Italy (-3.5%) and Spain (-3.2%

Conserversely, countries that have registered an increase in emissions were Latvia (+8.5%), Malta (+6.7%), Estonia (+4.5%), Luxembourg (+3.7%), Poland (+3.5%), Slovakia (+2.4%), Finland (+1.9%) and Lithuania (+0.6%).

Companies

Siemens announced its Gas and Power business unit spin-off

Siemens has announced that it will spin off its Gas and Power business unit as part of the company’s Vision 2020+ strategy concept. …

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Policy & Regulatory

Ethiopia launches 500 MW solar tender

Ethiopia moves forward with the second round of the International Finance Corporation’s (IFC) Scaling Solar Program, which entails the development of four solar projects totalling 500 MW of installed capacity. Interested parties have until May 29th to apply their request for pre-qualification (RFQ).

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Energy Markets

Renewables auctions undersubscribed in India

Several reverse acutions organised in Gujarat state of India have been undersubscribed since the beginning of the year. Reportedly the low response is due to the low ceiling prices of the tenders. Indeed, power capacity available within several reverse auction processes organised by the Gujarat Urja Vikas Nigam Limited (GUVNL) company have not been fully distributed.

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Kenya produces 86% of its power from renewables in 2018

According to the Kenya National Bureau of Statistics’ 2019 Economic Survey, the country total electricity demand increased by 8% (to 11.2 TWh) in 2018. The country increased its renewable power output significantly, including a 43.6% growth in hydropower (to 4 TWh), while thermal power generation has been reduced by 39% and power imports decreased by 43%.

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Infrastructure & Investments

Iraq and ExxonMobil on a US$53bn oil exploration project

According to the Iraqi government, the country is in the midst of finalizing negotiations for the development of a US$53bn project with ExxonMobil and PetroChina. The 30-year project will allow for an increase of oil output in the Iraqi southern exploration fields. The government expects to recover up to US$400bn in revenues and reduce significantly the level of gas flaring at its fields.

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ANOH is launched and will add 8.5 mcm/d of gas supply in Nigeria

The Nigerian National Petroleum Corporation (NNPC) has inaugurated the Assa North-Ohaji South (ANOH) gas processing company,  a partnership between the Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Nigeria Limited.

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