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Producción y mercados energéticos 6/06/19

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Latest Energy News 06 June 2019
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Finland aims to become carbon neutral by 2035

The government of Finland aims to reform its climate policy, by accelerating emission reduction measures and by strengthening carbon sinks, in order to make the country carbon neutral by 2035. Finland will seek to help the European Union become carbon neutral by 2050, which would require tightening the 2030 emission reduction target to at least 55% compared to 1990. Finland will update the targets of its 2050 climate law, adding emission reduction targets for 2030 and 2040. The Land Act will also include the land use sector to strengthen carbon sinks.

According to the industrial association Finnish Energy, thermal power generation accounted for 39% of the Finnish power mix in 2018 (including around 17% from biomass). Renewables excluding biomass accounted for 28% (19% hydropower and 9% wind), while nuclear accounted for 32%.

Companies

Novatek, Sinopec and Gazprombank will create a gas joint venture in China

Novatek, Sinopec and Gazprombank have signed Heads of Agreement (HoA) to set up a joint venture to sell natural gas and LNG to end customers in China.

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Brazilian ANEEL blocks the sale of Renova’s wind complex to AES Tietê

The Brazilian electricity regulator ANEEL has blocked the proposed sale of Renova Energia’s Alto Sertao III wind power project to AES Tietê – subsidiary of US-based energy company AES Corp., considering that the companies failed to provide guarantees for the conclusion of the project and to show possible gains for the consumers.  …

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Policy & Regulatory

Angola initiates its first oil and gas licensing round since 2011

Angola’s newly created National Agency of Petroleum, Gas and Biofuels has initiated the 2019 licensing round, which will offer a total of 10 blocks, including Blocks 11, 12, 13, 27, 28, 29, 41, 42 and 43 in the Namibe Basin, and Block 10 in the Benguela Basin. …

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Senelec (Senegal) will convert all its thermal power plants to gas by 2022

The Ministry of Oil and Energies of Senegal aims to convert all the thermal power plants operated by the national power utility Senelec to gas by 2022. This conversion to gas would help to cut power generation costs and end consumer prices. It would also make the country’s power mix cleaner, based on gas, hydropower, wind, biomass and solar. …

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Chile will close its coal-fired power plants by 2040 to be carbon neutral in 2050

The government of Chile has presented a coal exit plan – agreed by power producers Engie, Enel, AES Gener and Colbun – that aims to close all coal-fired power plants by 2040 and to make the power generation sector carbon-neutral by 2050.

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Infrastructure & Investments

Ørsted starts operating 1.2 GW Hornsea One offshore wind project (UK)

Ørsted has started operating the 1,214 MW Hornsea One offshore wind project in the North Sea (United Kingdom) ahead of commissioning. The first turbine was commissioned in February 2019 and the full commissioning of the wind project is currently expected for 2020. …

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