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Producción y mercados energéticos 23/07/19

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Latest Energy News 23 July 2019
 
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Kenya commissions 310 MW Turkana wind project

The 310 MW Lake Turkana Wind Power (LTWP) project, the largest wind park in Africa, has been commissioned in Loiyangalani District, in the Marsabit County of Kenya. The wind park includes 365 wind turbines rated 850 kW each and was developed by the LTWP consortium which includes Aldwych International and KP&P Africa as co-developers. The Investment Fund for Developing Countries, Vestas, the Finnish Fund for Industrial Cooperation, KLP Norfund Investments and Sandpiper took part to the project development and construction. The wind project was connected to the national power transmission grid in September 2019 after a 15-month delay, due to setbacks in the construction of the related 400 kV transmission line from the power plant to the Suswa substation.

The Lake Turkana wind project is part of Kenya’s Vision 2030 flagship project. Kenya is considering to install up to 600 MW of new onshore wind capacity by 2025, adding 50 MW to 100 MW per year of new wind capacity over a 6-year period.

 
Companies

BP and Bunge create a biofuel giant in Brazil
BP and Brazilian agriculture and food company Bunge have agreed to create a 50-50 joint venture, BP Bunge Bioenergia, and to combined their biofuels and biopower businesses to make BP Bunge Bioenergia a leading bioenergy (biofuels and biopower) company in Brazil, one of the most dynamic markets for biofuels worldwide. …
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Petrobras receives US$1bn bid for its Pampo and Enchova oil fields (Brazil)
Trident Energy has submitted the best final offer in a competitive process for the acquistion of the Enchova and Pampo clusters, a set of producing fields located in the Campos Basin (Brazil) and sold by Brazilian state-owned oil and gas company Petrobras. Trident Energy has offered nearly US$1bn, considering firm and contingent payments. The sale must be approved by Petrobras’ competent bodies.
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CNOOC (China) and ADNOC (UAE) sign upstream and LNG collaboration agreement
China National Offshore Oil Corporation (CNOOC) has signed an agreement with the Abu Dhabi National Oil Company (ADNOC) (United Arab Emirates) to extend their cooperation in LNG and in the upstream and downstream sectors. The two companies will also explore new opportunities for cooperating in potential LNG sales and purchases opportunities.
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Novatek completes the sale of stakes in Arctic LNG 2 project (Russia)
Novatek has completed the sale of minority stakes in its 19.8 Mt/year Arctic LNG 2 project in northern Russia, i.e. a 10% stake to Japan Arctic LNG, a consortium of Japanese companies Mitsui and Japan Oil, Gas and Metals National Corporation (JOGMEC), a 10% stake to a fully-owned subsidiary of CNOOC and a 10% stake to a fully-owned subsidiary of China National Petroleum Corporation (CNPC).
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Pertamina raises its upstream budget to boost hydrocarbon output (Indonesia)
Indonesia state-owned oil company Pertamina has raised its upstream budget by 10% from US$2.6bn to US$2.9bn (+7.4% on the previous year budget of US$2.7bn), in order to reach its full-year production target of 922,000 boe/d (up from 921,000 boe/d realised in 2018).
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Policy & Regulatory

Italy plans 500 MW renewable auction in September 2019
Italy plans to hold the first of seven renewable power auctions on 30 September 2019, offering 500 MW of renewable capacity. Three more auctions will be launched on 31 January 2020, 31 May 2020 and 30 September 2020, followed by another three auctions on the same dates in 2021.
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Infrastructure & Investments

BP delays third train of Tangguh LNG project (Indonesia) to 2021
Tangguh LNG plans to commission the third 3.8 Mt/year liquefaction train of the 7.6 Mt/year Tangguh LNG plant in Indonesia one year later than expected, i.e. in the third quarter of 2021 instead of the third quarter of 2020. The construction has been delayed due to natural disasters preventing construction material shipments and to financial difficulties by one contractor. …
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Siemens Gamesa wins 1.7 GW of offshore wind turbine orders in the US
Siemens Gamesa Renewable Energy (SGRE) has received a conditional order from Ørsted and Eversource for 1,714 MW of offshore wind turbines to be installed in the United States.
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