The first unit of the world’s largest oil shale power plant, located at Attarat um Ghudran, Jordan, is now online, the project’s Chinese contractor tweeted last week. Attarat Power Company (APCO), a joint venture between Malaysia’s YTL Power, China’s Guangdong Energy, and Estonia’s Enefit, is developing the $2.1 billion, 470-megawatt (MW) Independent Power Plant (IPP) .
ANALYSIS: China LNG demand outlook strong amid warnings of summer power shortages spglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spglobal.com Daily Mail and Mail on Sunday newspapers.
Just months after Japan’s Itochu flagged plans to exit Whitehaven’s Maules Creek mine, a British investor is mulling offers for its right over the Narrabri mine.
Analysis: China’s gas buyers shun high-priced spot LNG despite energy shortages
China’s natural gas companies have backed off from purchasing high-priced spot LNG for February deliveries as they are unable to sell downstream at high prices, and after the government cracked down on domestic price surges in recent weeks.
This is despite energy shortages in northern China and efforts to shore up supplies of electricity and feedstocks like coal, pipeline natural gas, domestic gas and LNG imports. It also comes after record high LNG imports by China in December, according to S&P Global Platts Analytics.
Asian spot LNG prices climbed over the $15/MMBtu mark at the end of 2020 and there has since been a noticeable decline in buying interest, with no spot purchases by Chinese end-users reported since the Christmas holidays, Singapore-based traders said.