Weekly HEG Global Energy Digest
French utility Engie to sell some German and Dutch coal power assets:
French utility Engie has agreed to sell some coal-fired power plants in the Netherlands and Germany, as Engie continues its strategy of disposing of non-core assets to focus more on the renewable energy sector.
Engie said it was selling those assets to investment firm Riverstone Holdings LLC and that the deal would cut Engie’s net consolidated debt by around 200 million euros ($223 million).
The assets represent a total installed capacity of 2,345 megawatts, it said, adding that after the sale, coal will represent 4 percent of Engie’s global generation capacities, down from 13 percent at the end of 2015 when it announced plans to gradually close or dispose of its coal assets.
“This transaction is fully in line with the Group’s strategy to be the world leader in the zero-carbon transition. We are focusing investments on solutions for corporates and local authorities, large-scale development of renewable energy and the necessary adaptation of power and gas networks to the energy transition,” said Engie chief executive Isabelle Kocher.
Article Source: https://www.energymarketprice.com/energy-news/french-utility-engie-to-sell-some-german-and-dutch-coal-power-assets
Poland sets plan to install new LNG import terminal in 2024-25:
Poland is planning to install an LNG floating storage and regasification unit (FSRU) in the Bay of Gdansk by 2024-25 to meet growing Polish and regional gas demand, Piotr Naimski, the government’s adviser on strategic energy infrastructure projects, said Wednesday.
Poland is diversifying its gas suppliers to end its decades-old dependence on Russian pipeline gas, with the new FSRU also set to give Poland the opportunity to become a gateway for gas supplies in the region in the middle of the next decade.
Warsaw estimates Polish gas demand will rise by up to 4 Bcm/year from around 18 Bcm this year to 21-22 Bcm in 2023-24.
The government plans to meet that demand by purchasing Norwegian gas through the 10 Bcm/year Baltic Pipe project, with an additional 4 Bcm/year set to come from domestic production and up to 7.5 Bcm/year of LNG supplies through the Swinoujscie terminal.
Article Source: https://www.energymarketprice.com/energy-news/poland-sets-plan-to-install-new-lng-import-terminal-in-2024-25