Tag Archives: Multiline Utilities (TRBC level 5)

Germany grants second round of permits to close hard coal plants | Instant News


FRANKFURT (Reuters) – More than 1,500 megawatts (MW) of coal-fired power plants will close from December 8 this year, Germany’s energy regulator said on Thursday, announcing the results of a second round of auctions designed to cover closing costs. polluting plants.

FILE PHOTOS: Steam rises from the cooling tower of the coal-fired power plant RWE, one of Europe’s largest electricity and gas companies in Niederaussem, Germany, March 3, 2016. REUTERS / Wolfgang Rattay / File Photo

Germany has pledged to abandon coal by 2038 and achieve a largely carbon-free energy system by 2050, but is also seeking to reduce its impact on utilities, territories, jobs and public budgets.

Under a series of tenders between 2020 and 2027, operators were asked to state what price they would be prepared to close their hard coal plants in exchange for funds to partially offset their losses.

The regulator sets a maximum price per MW of capacity to limit public sector bills. The final price takes into account the bidder and the CO2 emissions of the plant concerned.

Of the 1,514 MW that will go offline in December, the standout is Uniper’s 757 MW Wilhelmshaven plant on Germany’s North Sea coast.

After 2027, compensation is no longer available, so operators are ready to bid as low as possible to avoid losses from competitors.

“The auction is again oversubscribed,” said Jochen Homann, head of the Bundesnetzagentur regulator. “The highest awards lie well below the maximum prices previously set.”

In all, the three successful bidders will receive between zero and 59,000 euros per MW, regulators said.

This is what they offered to close their factory, after the regulator set a maximum price of 155,000 euros / MW.

The third auction bid for the closure of 2,481 MW by the end of 2022 will close on April 30.

After the first auction, regulators closed 4,788 MW of coal-fired power plant capacity on January 1, 2021.

The more highly polluting brown coal is closed through a separate scheme with fixed compensation.

Reporting by Vera Eckert, editing by Barbara Lewis

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The Australian state rejects AGL Energy’s plans to import LNG | Instant News


MELBOURNE (Reuters) – The state of Victoria on Tuesday rejected AGL Energy’s plans to build a liquefied natural gas (LNG) import terminal, effectively scrapping a proposal designed to help fill an expected gas supply shortage in southeastern Australia from 2024.

The state’s Labor government rejected the project fearing the import terminal would destroy internationally recognized wetlands. The project is opposed by an unusual coalition of environmental, indigenous and community groups along with conservative politicians.

“It is very clear to me that this project will have an unacceptable impact on the West Port environment and the Ramsar wetlands. It is important that these areas are protected, ”Victorian Planning Minister Richard Wynne said in a statement.

The decision was a blow to AGL, which said it had spent A $ 130 million ($ 99 million) on the Crib Point project.

The plan is also to have a pipeline to be built by the APA Group. The floating terminal will be supplied by Hoegh LNG.

AGL said it was considering its position.

“Nothing has changed because we are a big and great gas trader,” Chief Executive Brett Redman told analysts, adding AGL would be willing to buy gas from anyone else looking to import LNG.

Australia is the world’s largest exporter of supercooled LNG, but domestic gas supplies are facing shortages due to reduced production from the Bass Strait field off the coast of Victoria.

AGL first proposed LNG imports to Australia in 2016. Its plans were put on hold after opponents pressed for an extended environmental review, saying chlorinated and cooled seawater discharged by floating storage and regasification units (FSRU) could harm marine life and harm tourism.

“This is a very big result,” said Nicholas Aberle, who leads the Environment Victoria campaign against AGL. “It is almost an unprecedented environmental impact statement to stop a project that is destroying the environment.”

Australia’s richest man, Andrew Forrest, is now in a leading position to be the first to start importing LNG to Australia, with a terminal at Port Kembla in New South Wales, competing with four other LNG import proposals.

The Australian energy market operator this week said the Port Kembla terminal meant Australia would not face a gas shortage until 2026, two years later than previously estimated.

($ 1 = 1.3099 Australian dollars)

Reporting by Rashmi Ashok in Bengaluru; Edited by Shailesh Kuber and Lincoln Feast.

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FACTBOX-Five projects compete to import LNG to Australia, after the country rejected the AGL project | Instant News


    MELBOURNE, March 30 (Reuters) - The state of Victoria on Tuesday rejected a plan by AGL
Energy to import liquefied natural gas (LNG), effectively killing one of six proposed
LNG import projects in Australia.    
    Dutch oil storage copmany Vopak recently joined the queue, with a plan to dock a floating
storage and regasification unit (FSRU) near Melbourne.
    Below is a list of the remaining proposed LNG import terminals in Australia, with capacity
in petajoules (PJ). Exxon Mobil Corp considered building one, but decided in December
2019 it would not go ahead as "there was insufficient interest from potential customers".

    
        
 LNG import  Port Kembla,    Outer Harbor,  Newcastle,    Geelong,    Avalon,
 project     New South       South          New South     Victoria    Victoria
 location    Wales           Australia      Wales                     
 Owner       Australian      Venice Energy  South         Viva        Vopak
             Industrial      set up by      Korea-based,  Energy               
             Energy (AIE),   private firm   private firm              
             owned by        Integrated     EPIK,                     
             Andrew          Global         working with              
             Forrest's       Partners, in   Hyundai LNG               
             Squadron        talks with     Shipping                  
             Energy          Mitsubishi                               
                             Corp                                     
 Annual      100 PJ          80 PJ          Could handle  80-140 PJ   up to 50
 capacity                                   more than                 LNG
                                            300 PJ                    cargoes a
                                                                      year
 Model       AIE lining up   Toll for LNG   Toll for LNG  To be       Open
             contracts to    traders to     traders to    decided     access to
             sell gas to     use facility   use facility              LNG
             industrial                                               suppliers
             customers                                                and gas
                                                                      buyers
 Final       No date         No date        H1 2020       No date     No date
 Investment                                                           
 Decision                                                             
 Target      Late 2022       H1 2022        2021          2024        2024
 start-up                                                             
 Status      State approved  Expect to      Aim to        Seeking     Aims to
                             submit         secure        expression  submit
                             development    regulatory    s of        proposal
                             application    approval by   interest    to state
                             in Aug 2020    Q2 2020                   in Q3 2021
 Estimated   A$200 mln to    A$850 mln,     US$430 mln,   Under       Not
 cost        A$250 mln,      includes       including     study       disclosed
             excluding FSRU  building a     cost of                   
             charter cost    500 megawatt   building an               
                             gas-fired      FSRU                      
                             power plant                              
 Sources: Projects, Department of Industry, ACCC
 * Financial year July 2021-June 2022
    

 (Reporting by Sonali Paul)
  

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The Australian state rejects AGL Energy’s plans to import LNG | Instant News


MELBOURNE (Reuters) – The state of Victoria on Tuesday rejected AGL Energy’s plans to build a liquefied natural gas (LNG) import terminal, effectively scrapping a proposal designed to help fill an expected gas supply shortage in southeastern Australia from 2024.

The state’s Labor government rejected the project fearing the import terminal would destroy internationally recognized wetlands. The project is opposed by an unusual coalition of environmental, indigenous and community groups along with conservative politicians.

“It is very clear to me that this project will have an unacceptable impact on the West Port environment and the Ramsar wetlands. It is important that these areas are protected, ”Victorian Planning Minister Richard Wynne said in a statement.

The decision was a blow to AGL, which said it had spent A $ 130 million ($ 99 million) on the Crib Point project.

The plan is also to have a pipeline to be built by the APA Group. The floating terminal will be supplied by Hoegh LNG.

AGL said it was considering its position.

“Nothing has changed because we are a big and great gas trader,” Chief Executive Brett Redman told analysts, adding AGL would be willing to buy gas from anyone else looking to import LNG.

Australia is the world’s largest exporter of supercooled LNG, but domestic gas supplies are facing shortages due to reduced production from the Bass Strait field off the coast of Victoria.

AGL first proposed LNG imports to Australia in 2016. Its plans were put on hold after opponents pressed for an extended environmental review, saying chlorinated and cooled seawater discharged by floating storage and regasification units (FSRU) could harm marine life and harm tourism.

“This is a very big result,” said Nicholas Aberle, who leads the Environment Victoria campaign against AGL. “It is almost an unprecedented environmental impact statement to stop a project that is destroying the environment.”

Australia’s richest man, Andrew Forrest, is now in a leading position to be the first to start importing LNG to Australia, with a terminal at Port Kembla in New South Wales, competing with four other LNG import proposals.

The Australian energy market operator this week said the Port Kembla terminal meant Australia would not face a gas shortage until 2026, two years later than previously estimated.

($ 1 = 1.3099 Australian dollars)

Reporting by Rashmi Ashok in Bengaluru; Edited by Shailesh Kuber and Lincoln Feast.

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LNG imports drive the projection of Australia’s gas supply gap until 2026 | Instant News


MELBOURNE, March 29 (Reuters) – Billionaire Andrew Forrest’s plans to set up a liquefied natural gas (LNG) terminal by 2022 mean Australia will not experience a supply shortage until 2026, two years later than previously thought, the energy market operator said. on Monday.

“This development comes at a critical juncture, as existing Victoria production is declining faster than previously projected,” Nicola Falcon, group manager of Australian Energy Markets Operators group said in a statement accompanying the closely watched AEMO outlook.

Producers’ estimates for the maximum daily capacity of the existing, committed and anticipated southern farms in 2023 are almost 20% lower now than last year, said AEMO.

Gas fields in the Gippsland Basin, which mostly supply the southern states, are depleted, and lose the flexibility to increase production during peak winter demand.

LNG imports and gas storage will be required to cover peak demand.

Forrest’s Energy Squadron won state approval to build an LNG import terminal at Port Kembla in New South Wales, aiming to be ready by the end of 2022.

The AEMO estimate excludes the controversial LNG import terminal proposed by AGL Energy, which is awaiting approval from the Victorian government. The decision will be made soon. If approved, AGL hopes to start importing by mid-2023.

AEMO highlighted the increasing uncertainty in its demand forecast as producers switch from carbon-based fuels to renewable energy and hydrogen.

AEMO predicts industrial demand for gas will not grow in the next 20 years.

“Surveyed industrial users indicated their demand was unlikely to increase, even if prices fell,” said the report.

Reporting by Sonali Paul; Edited by Simon Cameron-Moore

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