Blog

Novatek has awarded an Engineering, Procurement and Construction (EPC) contract worth US$7.6bn to TechnipFMC for the 19.6 Mt/year Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia. TechnipFMC will execute this project under a lump sum and reimbursable basis and the EPC contract will include the three 6.6 Mt/year LNG trains and associated topsides.

The LNG project is developed by Novatek (60% stake in the project), with Total, CNOOC, CNPC and Japan Arctic LNG holding 10% each. The first train is expected to be commissioned in 2023. The liquefaction plant will be fed by output from the Utrenneye field in the hydrocarbon-rich Gydan peninsula in the Yamal-Nenets Autonomous District (Russia). Reserves are estimated at 1,150-2,000 bcm of gas and 60-105 Mt of liquids.

The Lower House of the Polish Parliament has adopted amendments to the national renewable legislation paving the way for a 2,500 MW onshore wind auction in 2019.

The governor of Ohio (United States) has signed into law the House Bill 6 (HB6), that had just been adopted by the Ohio House of Representatives and the Senate. The law creates clean energy credits to zero-emission power producers, including nuclear power plants.

The Ministry for Energy, Mines and Renewable Energy of Tunisia has received five bids in its 500 MW solar tender launched in November 2018.

The government of Queensland (Australia) has shortlisted 10 renewable + battery energy storage systems (BESS) projects from its Renewables 400 auction, which aims to deploy 400 MW of renewable power capacity and 100 MW of energy storage.

TEPCO plans to decommission its 4,268 MW Fukushima Daini nuclear power plant, located near the Fukushima Daiichi nuclear power plant, where three reactors melted down in March 2011, and will submit the proposition to its board. The Fukushima Daini nuclear power plant has been mothballed since the disaster even if it was not damaged by the earthquake and tsunami.

Israel expects to start gas exports to Egypt by the end of November 2019, under the terms of two US$7.5bn agreements signed in February 2018 by Delek Drilling, Noble Energy and the Egyptian company Dolphinus Holdings for around 64 bcm of gas export to Egypt. …

According to the Indian Power and New and Renewable Energy Ministry, coal is expected to remain the largest source of energy for power generation in India for the next decade. Coal-fired installed capacity will increase by more than 40 GW by 2027, raising coal requirements to around 700 Mt of coal between 2019-2020 and 877 Mt during 2026-2027.