For the Record
UK 1,020 MW gas plant given go-ahead
A new 1, 020 MW gas-fired combined heat and power station has been given the green light by the UK government. The project will be developed by Thor Cogeneration, a sister company of PX group.
Martin Green, director of Thor Cogeneration said: “We will now finalise the financial and contractual arrangements for the project and expect land preparation to commence very soon, with full construction commencing in 2009 and power being supplied to the grid in the early part of 2012.”
The project developers say that the “super efficient” plant will require 20% less gas for each MWh produced.
StatoilHydro makes sixth Algerian find
StatoilHydro and its partner Sonatrach have hit gas at the Tinerkouk 2 well in the Hassi Mouina licence area in Algeria. This is the sixth positive well drilled by StatoilHydro in the region. StatoilHydro said the initial well results were encouraging, but no reserve information was available. It has a 75% interest in the Hassi Mouina licence area, while Sonatrach holds 25%.
StatoilHydro also operates production at In Salah (31.85% interest) and In Aménas (50% interest) gas and condensate fields, together with BP and Sonatrach, both also located in the Sahara.
Croatian PM says Ina share swap likely
Croatian Prime Minister Ivo Sander has said a share swap of the government’s 30% stake in gas incumbent Ina with Hungary’s Mol, was currently more likely than privatising the stock. He added this would enable the Croatian government to influence the future policy of Mol, which would strengthen the country’s energy security.
Mol already owns 25% of Ina and is attempting to buy the shares in the company that are not owned by the government. When contacted, a spokesperson at Mol said the firm was unable to comment on Sander’s statement due to this ongoing deal.
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