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Producción y mercados energéticos 20/02/19

Latest Energy News

20 February 2019

TOP STORY: Asia-Pacific added 24.9 GW of onshore wind capacity in 2018 According to the Global Wind Energy Council (GWEC), the installed onshore wind power capacity in the Asia-Pacific region rose by 24.9 GW in 2018. The top three markets that led the growth were namely China (+21.2 GW), India (+2.2 GW) and Australia (549 MW). Asia-Pacific dominated the 2018 global onshore wind capacity addition, as the Americas and the Africa-Middle East zones installed 11.9 GW and 0.9 GW of wind capacity, respectively. Looking forward, the GWEC predicts that the Asia-Pacific region is likely to add a further 145 GW of new capacity between 2019 and 2023. GWEC predicts that China will remain the largest onshore market in the future. India would remain in the top countries as well, with potential new onshore wind capacity installations above 5 GW per year. More mature markets like Japan and South Korea will continue to grow but other markets are expected to bring new opportunities, in particular in South-East Asia such as Vietnam, Taiwan and the Philippines, where wind power is increasingly competitive compared to coal power.

Policy & Regulatory EU lawmakers reach provisional agreement on CO2 emissions cuts for trucks The European Commission and the European Parliament have reached a provisional agreement on new CO2 emission standards for trucks in the European Union (EU) for the period after 2020. It stipulates that CO2 emissions from new trucks will have to be 30% lower in 2030 compared to the 2019 emissions. Read more EU adopts decision on carbon leakage list over 2021-2030 period The European Commission has adopted a delegated decision on the carbon leakage list over the 2021-2030 period to determine free carbon allowances for industry. The document will be submitted to the European Parliament and the European Council and should enter into force in two months if no objections are raised. Besides,… Read more BEIS outlines schedule for startup of third CfD allocation round (UK) The British Department for Business, Energy and Industrial Strategy (BEIS) will launch the next allocation round under the Contract for Difference (CfD) renewable auction regime in May 2019. This will be the third allocation round under the CfD scheme (Allocation Round 3 or AR3) and this time, it will be opened to Pot 2 (less established technologies) such as offshore wind,… Read more Energy Markets Pertamina (Indonesia) will buy 1 Mt/year of LNG from Mozambique LNG US-based oil and gas company Anadarko Petroleum has signed a sales and purchase agreement (SPA) with Indonesia’s state-held energy company Pertamina for the delivery of 1 Mt/year of LNG from its Mozambique LNG project over a 20-year period from the start-up of production. Read more EU examines impacts of RWE-E.ON asset swap on retail power prices The European Commission is investigating the current asset swap transaction between the German energy groups E.ON and RWE’s subsidiary Innogy to get an accurate picture of its potential consequences under the EU competition rules. It will examine whether it would harm competition or jack up prices in the German power retail market. So far,… Read more Infrastructure & Investments Steelhead LNG ceases work on Kwispaa LNG export project (Canada) According to a letter published by the Huu-ay-aht First Nations, Steelhead LNG has decided to cease current project work on the 12 Mt/year Kwispaa LNG export terminal in Sarita Bay on Vancouver Island (British Columbia, Canada), throwing the future of the project into doubt. The drivers behind the decision were not disclosed,… Read more Gazprom aims at supplying gas via PoS pipeline ahead of schedule (Russia) Russian state-held gas giant Gazprom has reviewed its plans for the future supplies of gas to the Chinese market with its partner CNPC (China National Petroleum Corporation).. It intends to bring forward the start of gas exports along the Power of Siberia (PoS) pipeline. Read more Ethiopia and Djibouti agree to build gas pipeline interconnection The governments of Ethiopia and Djibouti have signed an agreement for the construction of a new 765 km gas pipeline interconnection to transport Ethiopian gas to an export terminal in Djibouti. All but 65 km of the pipeline will be located in Ethiopia, whose government recently outlined plans to generate about US$1bn/year from the development of its gas resources. Read more