LNG

Petronas LNG has signed a head of agreement with Hokuriku Electric to negotiate the renewal of an LNG supply deal for up to 0.54 mtpa for a decade starting 2028. The HoA underscores Japan’s reliance on LNG for power generation.

GE Vernova has secured an order to supply two 9HA.02 gas turbines and two H78 generators for Vietnam Electricity’s (EVN) Quang Trach II LNG-fuelled power plant, a combined-cycle facility expected to generate more than 1.6 GW. The plant, located in the Hon La Economic Zone in Quang Tri Province, is scheduled to begin commercial operations by 2030.

Kenyan authorities have announced plans for a $2.9 billion LNG-fuelled power plant near the port of Mombasa. The initiate targets a 1,200 MW plant in the Dongu Kundo area, provided attractively-priced term deliveries can be secured.

The Energy Regulatory Commission (ERC) of the Philippines has approved a five-month expansion of Meralco’s power purchase agreement (PPA) with First Gas Power Corp. The deal secures 1,000 MW of electricity supply from the Sta.Rita power plant in Batangas until June 25.

Nick Flores, CEO of the Coastal Bend LNG project, has highlighted the inclusion of carbon capture and storage (CCS) as a ‘central feature’ of the company’s proposed liquefaction terminal in Texas. CO2 emissions from the onsite power plant will be captured, moved by pipeline for sequestration and long-term underground storage.

Nhon Trach Unit 4 — one of two units at Vietnam’s first LNG-fired power plant — is scheduled to begin commercial operations on December 20. PetroVietnam invested an estimated $1.4 billion in the twin units, which have a combined capacity of 1,620 MW.

JERA is taking action to stabilise electricity supply during the heavy-load winter season between December and March. One LNG cargo per month will be imported as 'strategic buffer' and Taketoyo plant will be powered by coal, not biomass, as a “provisional measure.”

ExxonMobil has been authorised to develop a $5.09 billion LNG terminal and adjacent gas-fuelled power plant in the Vietnamese port city of Hai Phong. The LNG import terminal is approved with a capacity of 6 mtpa, enough to fuel 2.25 GW of power generation capacity that is scheduled to start operations by 2026/27.

Japanese technology conglomerate IHI is set to convert selected LNG terminals into ammonia-receiving facilities before 2030. A trial is underway at JERA’s Hekinan thermal power unit 4 to pilot ammonia combustion technology.

Saudi Armaco, the world’s largest oil producer, is reportedly preparing to divest up to five plants that currently power its refineries. The sale could generate around $4 billion and is part of the Government’s strategy to streamline Aramco’s operations, cut costs and diversify assets.