Energiser Investments Share Discussion Threads

[waldron] 18/1/2022 10:32

offshore energy



GTT scores 2 new LNG carrier tank design orders

Infrastructure

January 18, 2022, by Sanja Pekic

French LNG containment specialist GTT has received two new orders, each for the tank design of one new LNG carrier (LNGC).


Gaztransport & Technigaz says it has received both orders at the end of 2021.

Firstly, it will provide the Mark III Flex membrane containment system for Korean shipyard Hyundai Samho Heavy Industries’ new LNGC.

The vessel will specifically offer a total cargo capacity of 174,000 cubic metres.

HSHI will deliver this vessel in the last quarter of 2024.


Secondly, GTT will provide its NO96 L03+ membrane containment system for a smaller-capacity LNG carrier.

The company received this order from a shipyard whose name remains confidential at this stage

The vessel is scheduled for delivery in the third quarter of 2023.

[maywillow] 17/1/2022 13:30

MOSCOW, January 17. /TASS/. The certification procedure for the Nord Stream 2 gas pipeline should not be artificially delayed and politicized by German regulators and the European Commission, Russia’s Foreign Ministry said in a statement issued ahead of the talks between the foreign ministers of Russia and Germany.

"The construction of the Nord Stream 2 gas pipeline (NS 2) is one of the largest projects of the last decade, implemented by PJSC Gazprom in cooperation with companies from Germany and a number of other European countries. The launch of NS 2 will be a significant contribution to ensuring the energy security of the entire European Union. The procedure for its certification by the German regulators and the European Commission should not be artificially delayed and politicized," the statement says.

On Monday, Foreign Minister of Germany Annalena Baerbock said at a press conference in Kiev, that Germany sees "geo-strategic links" of the Nord Stream 2. She stressed that the gas pipeline should fully comply with European law for the positive conclusion to be given by the German regulator.

[maywillow] 17/1/2022 13:25

Orange teams with Engie to reduce Ivory Coast carbon footprint

52m | Saf Malik


Orange has teamed with Engie to convert the GOS, Orange’s main data centre in Africa to solar power.

The GOS was built in 2016 in Grand Bassam in the Ivory Coast and hosts IT and telecommunication equipment that supports the services provided by the GOS to all OMEA subsidiaries.

In December 2021, Orange signed an EaaS _Energy as a Service) contract with Engie to convert the GOS to solar power by installing a solar plant on rooftops and solar carports for a total installed capacity of 355 kWp to reduce its environmental footprint.

The commission is scheduled for the second half of 2022.

Alioune Ndiaye, chairman and CEO of Orange Middle East and Africa said: "This project is a first in West Africa for Orange in terms of its size and scope and it perfectly illustrates our ambition to speed up our solar projects in order to achieve net zero carbon by 2040.

“In the rest of Africa and the Middle East, we have already implemented several initiatives, as equipping 5,400 telecoms sites by solar panels and building solar farms in Jordan and Mali. We intend to go further."

The plant will be made up of 784 photovoltaic cells and will provide the data centre with an estimated 527 MWh per year of renewable energy.

Orange adds that the initiative is in conjunction with the Ivory Coast government’s aims to make the country an energy hub in Africa by 2030 with 42% of renewables in the energy mix.

Armand Seya, CEO of Engie services in West Africa added: "Engie Africa is active in electricity production, energy services and decentralized solutions for off-grid customers across the continent.

“We are proud to support the GOS (Groupement Orange Services) in its energy transition having ensured the multi-technical maintenance of the Data Centre since 2019 and now with the implementation of this solar plant."

[the grumpy old men] 14/1/2022 10:41

Source: ENGIE | 12 minutes ago
ENGIE Equatorial inaugurates game-changing Lolwe Mini-Grid in Uganda

Most advanced mini-grid in Africa sets a new benchmark for the future of energy access on the continent

KAMPALA, Uganda, January 14, 2022/APO Group/ --

Fully integrated clean energy multi-utility, from electricity to rural service delivery; Aligned with a sustainable, green and blue economy; Business model centered around productive use of energy; Life-changing impact for the local population; Most advanced mini-grid in Africa sets a new benchmark for the future of energy access on the continent

ENGIE Equatorial is pleased to announce that the Lolwe hybrid solar 600 kWp mini-grid, with integrated productive hub and e-mobility, has been inaugurated today on Lolwe Island, Uganda, in the presence of Uganda’s Minister of Energy Hon. Ruth Nankabirwa.

This joint project between ENGIE Energy Access and Equatorial Power Ltd. is the most advanced mini-grid on the African continent. It is the result of a strong African-European alliance and is a real game-changer for the energy landscape in Uganda and the continent at large.

This project, which sets new records in terms of value and replicability, connects over 3,000 households and more than 700 businesses, impacting 15,000 people and providing clean, reliable electricity, as well as a range of other services. The project addresses the urgent needs of the local population, which lacks access to clean, reliable energy and clean water. The project is scalable to the entire Lake Victoria region (the largest lake in Africa) and can be rolled out across other African countries.

The Lolwe mini-grid is setting the stage for the next generation of decentralized energy infrastructure, and will help to accelerate universal energy access

Beyond delivering affordable, reliable and renewable electricity, the Lolwe mini-grid features a productive hub that will transform raw materials into value-adding products, addressing basic needs that are currently insufficiently met on the islands. The hub includes water-pumping, distribution and purification services, modern fish-drying facilities and ice-making devices to conserve the daily catch of fish.

An electric mobility solution for fishing boats and motorcycles completes the integrated and green energy-enabled infrastructure on the site, for the benefit of users. ENGIE Equatorial is also providing business incubation and asset-financing services to empower the growth of local businesses.

The Lolwe project is a truly scalable model – matching green infrastructure and ICT innovation to deliver real impact. This is the beginning of a “mini-grid 2.0” model that delivers more for investors and communities alike. It is a significant milestone and benchmark for the energy access space.

Riccardo Ridolfi, CEO of ENGIE Equatorial, says: “With the Lowe project, we demonstrate our vision of energy access: electricity to us is not an end but a means to offer other essential services like clean water, agro-processing, and electric mobility as well. This is the vision we believe will truly impact communities and bring financially and socially sustainable development to the African continent.”

Gillian-Alexandre Huart, CEO of ENGIE Energy Access, comments: “The Lolwe mini-grid’s distributed renewable technology and integrated business model will significantly improve the lives and economic perspectives of the underserved communities living far from the grid. The Lolwe mini-grid is setting the stage for the next generation of decentralized energy infrastructure, and will help to accelerate universal energy access.”

With adequate institutional support, ENGIE Equatorial is committed to investing substantial amounts of capital to replicate this project across all the islands of Lake Victoria and beyond.

Distributed by APO Group on behalf of ENGIE.

[waldron] 14/1/2022 08:53

Nord Stream 2 sanctions bill fails to pass in US Senate

Defeated legislation sought to impose sanctions on company currently building key pipeline

Michael Gabriel Hernandez | 14.01.2022

Nord Stream 2 sanctions bill fails to pass in US Senate

WASHINGTON

A bill to impose sanctions related to a key pipeline that will send natural gas from Russia to the European Union failed to pass in the Senate on Thursday.

The 55-43 interim vote tally means the legislation, introduced by Republican Sen. Ted Cruz, has failed to pass a key 60-vote procedural hurdle in the 100-member Senate. The vote remains open, but is certain to result in defeat.

The bill would have imposed sanctions on the company currently building Nord Stream 2.

Speaking ahead of the vote, Cruz described his legislation as a bid to prevent an existential threat to Ukraine that he said is posed by Nord Stream 2.

"The Senate is going to take a vote of incalculable importance to our national security, to the future of our allies in Europe, and to the very existence of the nation of Ukraine," he said on the Senate floor.

Critics of the pipeline, including Cruz and others, have maintained that it is a means by which Russian President Vladimir Putin can circumvent an existing gas pipeline that sends Russian gas through Ukraine and on to Europe, and thereby limit the consequences to him of invading the eastern European nation.

US President Joe Biden has already imposed sanctions on at least 16 ships and seven individuals in relation to the pipeline. But Cruz has demanded further action under existing US law that mandates sanctions on those involved in the project.

The Texas senator led an effort to hold up dozens of State Department nominees that require Senate confirmation over what he alleges is a lack of sufficient action from the administration.

Biden in July reached an agreement with Germany on the controversial natural gas pipeline in which Berlin agreed to take extensive measures to assuage US concerns in exchange for the US not sanctioning any German entities.

The US under successive presidents has warned that the pipeline is a bad deal for Germany and jeopardizes European energy security and poses the risk that Russia might cut off the gas supplies that currently run through Ukraine.

Under the pact, Berlin agreed to appoint a special envoy to help extend the existing gas contract that it has with Russia "well beyond" its current expiration in 2024 and would take action at the national and EU levels should Russia attempt to use energy resources as a weapon against Kyiv.

Ukraine has sharply criticized the agreement as a boon for Russia.

Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form.

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[waldron] 13/1/2022 09:06

The global gas market could face more upheaval this year, said research firm Wood Mackenzie, predicting European inventories to be at a record low of less than 15 billion cubic meters by end-March.

Weather and the start date of the Nord Stream 2 pipeline from Russia to Europe will be key factors in prices. A severe European winter could add up to 10 bcm of additional gas demand, depleting inventories before end-March, and Nord Stream 2 could face set backs if Russia-Ukraine tensions continue escalating.

"A cold winter and continued uncertainty about commissioning of Nord Stream 2 could see prices doubling, again," Wood Mackenzie said.

[waldron] 12/1/2022 10:23

1 EUR = 1.0489 CHF

Looking to make a Euros to Swiss Francs money transfer?

The Euro to Swiss Franc exchange rate (EUR CHF) as of 12 Jan 2022 at 10:22 AM.

[maywillow] 11/1/2022 09:10

Engie commences $710m Indonesia geothermal

Published 11 January 2022 Last Updated 11 Jan 2022 08:36



French utility Engie-led consortium has started operations on the $710 million first phase of a geothermal power plant in Indonesia, after reaching financial close 3 years ago

[waldron] 11/1/2022 07:08

ENGIE : A technical turn-around configuration
01/10/2022 | 01:30pm GMT
Nicolas Chéron

Entry price : 13.39€ | Target : 14.88€ | Stop-loss : 12.88€ | Potential : 11.13%

The technical chart pattern of ENGIE shares shows signs of a medium term reversal, which speaks in favor of opening new long positions.

Investors have an opportunity to buy the stock and target the € 14.88.

Summary

Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

According to Refinitiv, the company's ESG score for its industry is good.


Strengths

The company appears to be poorly valued given its net asset value.

The company has a low valuation given the cash flows generated by its activity.

The company is one of the best yield companies with high dividend expectations.

Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

For several months, analysts have been revising their EPS estimates roughly upwards.

Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.

Analyst opinion has improved significantly over the past four months.


Weaknesses

As estimated by analysts, this group is among those businesses with the lowest growth prospects.

The company's earnings growth outlook lacks momentum and is a weakness.

Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

[grupo guitarlumber] 10/1/2022 11:28

In a research note published by Alberto Gandolfi, Goldman Sachs advises its customers to buy the stock. Previously set at EUR 17.20, the target price has been raised to EUR 18.20.

[grupo guitarlumber] 10/1/2022 11:27

[France] ENGIE (ENGI)

Real-time Quote. Real-time Euronext Paris - 01/10 06:26:50 am

13.38 EUR +0.98%

[waldron] 07/1/2022 15:37

7 Jan, 2022 13:21

HomeBusiness News

France may see 40% electricity price surge by February

Finance minister urges people to look at Kazakhstan’s bitter experience


The French authorities are working on further measures to restrain spiking energy prices, the country’s finance minister said, issuing a warning about political fallout ahead of a presidential election.

“Look what’s going on in Kazakhstan, it’s quite indicative of what can happen when energy prices explode, it’s politically dangerous,” Bruno Le Maire said on Friday.

“If we don’t find a solution to the electricity prices in the days to come, the French will see at the end of January an increase of 35-40%.”

The call comes amid a European energy crisis that has deepened over the past several months with energy prices across the continent soaring to the previously unseen levels. Earlier this week, the front-month gas price at the Dutch TTF hub, a European benchmark for natural gas trading, was around 5% higher with the price reaching €93.30 per megawatt-hour.

In France, energy prices are frequently a sensitive topic. The country’s government faced months of violent street protests after a fuel-tax increase in 2018. The rallies even grew into a broader anti-government movement.

In the wake of the widespread surge in energy prices, Paris committed to protecting households by capping an increase in regulated tariffs for 2022 at only 4% in February. However, prices are rising, and the tax cut on energy costs that was supposed to limit the increase is no longer enough.
EU proposes green label for nuclear & gas READ MORE: EU proposes green label for nuclear & gas

“There are thousands of jobs on the line. That’s why we have been working night and day for the last two weeks to find a solution that guarantees the 4% power-price ceiling and protects electricity intensive companies,” Le Maire said.

The minister also said he had spoken to Jean-Bernard Levy, the head of state-controlled power company EDF, and EU Competition Commissioner Margrethe Vestager as the country’s government is planning to force EDF to sell more nuclear production to its competitors at a preferential rate. The step will reportedly prevent operators from paying very high prices in wholesale markets that would also have to be applied to the regulated tariff for households.

For more stories on economy & finance visit RT's business section

[waldron] 05/1/2022 13:32

Another energy supplier ditches fixed tariff plans

Fewer and fewer power companies are marketing fixed price tariff plans. Energy supplier Eneco has now decided only to offer customers variable tariff plans, while rival Engie is no longer actively promoting fixed tariff contracts.

Colin Clapson
09:50

Fixed price plans put consumers in a comfortable position as they know from the start what price they will pay for power. People on a fixed price plan have had an advantage in recent months as power prices soared.

The fixed price plans are a problem for suppliers. Unlike in the event of variable price plans suppliers are unable to pass on the recent price hikes on the international wholesale market to consumers.

Eneco’s Mark Van Hamme says: “For every new customer we need to purchase the power they will consume over the entire period of their contract now. That happens at today’s high prices. If prices fall and the customer later decides to switch to a cheaper plan, we will be stuck with the expensive power”.

Power companies can sell excess power at a loss but that could jeopardise their very existence.

In recent months smaller and medium-sized suppliers like Octaplus and Mega already stopped marketing fixed tariff contracts. Eneco, the country’s second largest supplier, is now joining them. At Engie you will need to contact the company by phone if you want a fixed price plan. Their website will only offer variable tariff plans.

[waldron] 05/1/2022 11:05

ENGIE HOLDS 30.40pc of GTT

[waldron] 05/1/2022 11:00

Home Clean fuel GTT bags another Samsung Heavy order for new LNG carrier

GTT bags another Samsung Heavy order for new LNG carrier

Infrastructure

January 5, 2022, by Sanja Pekic

South Korean shipyard Samsung Heavy Industries (SHI) has placed another order with French containment specialist GTT for the tank design of a new LNG carrier.



GTT received the order at the end of December 2021. As part of this order, GTT will design the tanks of the new LNG carrier Samsung Heavy Industries is constructing.

The vessel will offer a capacity of 174,000 cubic metres.

The LNGC tanks will specifically feature the GTT Mark III Flex membrane containment system.

[waldron] 03/1/2022 10:42

extract from thisismoney

At the heart of these concerns is the controversial Russian pipeline, Nord Stream 2.

The 745-mile pipeline project, which runs from Russia to Germany under the Baltic Sea, is still awaiting regulatory approval from the West.

Some observers claim gas supplies have been deliberately held back in an attempt to get the pipeline rubber-stamped.

James Huckstepp, managing analyst at S&P Global Platts, highlighted Russia’s influence over Europe’s energy market when he said: ‘Russian flows through Europe are 30 per cent lower than the three-year average.’

Huckstepp added that Europe’s wholesale energy prices could fall by about 50 per cent if Russia increased its gas flows this winter.

But the question of whether Russia can do so remains unanswered, particularly as Gazprom must fill its storage facilities in preparation for the worst of the winter.

Thomas Rodgers, European gas analyst at Icis, said: ‘There’s not a lot of transparency about what has happened in Russia.

‘Some people say Russia is holding back supply to get Nord Stream 2 finished. But it is important to understand that Russia has had its own issues in terms of [prioritising] the domestic market.’

[grupo guitarlumber] 30/12/2021 12:35

TPG Pace Beneficial Finance and EVBox Group Mutually Agree to Terminate Business Combination Agreement
December 29, 2021 05:53 PM Eastern Standard Time

SAN FRANCISCO & AMSTERDAM--(BUSINESS WIRE)--TPG Pace Beneficial Finance Corp. (NYSE: TPGY.U, TPGY, TPGY WS) (“TPG Pace”), a publicly traded special purpose acquisition company, and EV Charged B.V. (“EVBox Group”), today announced that TPG Pace, Edison Holdco B.V., New TPG Pace Beneficial Finance Corp., ENGIE New Business S.A.S. (“Engie Seller”) and EVBox Group have mutually agreed to terminate their previously announced business combination agreement, effective immediately.

TPG Pace intends to continue to pursue the consummation of a business combination with an appropriate target. With the agreement terminated, TPG Pace, Engie Seller and EVBox Group may (but are not required to) continue to discuss a potential business combination transaction involving TPG Pace and EVBox Group.

About TPG

TPG is a leading global alternative asset firm founded in San Francisco in 1992 with $109 billion of assets under management and investment and operational teams in 12 offices globally. TPG invests across five multi-product platforms: Capital, Growth, Impact, Real Estate, and Market Solutions. TPG aims to build dynamic products and options for its clients while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio. For more information, visit www.tpg.com or @TPG on Twitter.

About TPG Pace Group and TPG Pace

TPG Pace Group is TPG’s dedicated permanent capital platform. TPG Pace Group has a long-term, patient and highly flexible investor base, allowing it to seek compelling opportunities that will thrive in the public markets. TPG Pace Group has sponsored seven special purpose acquisition companies (“SPACs”) and raised more than $4.4 billion since 2015.

TPG Pace raised $350 million in its October 2020 IPO in order to seek a business combination target that combines attractive business fundamentals with, or with the potential for strong environmental, social and governance (“ESG”) principles and practices. For more information, visit hxxps://www.tpg.com/pace-beneficial-finance.

About EVBox Group

Founded in 2010, EVBox Group is a leading global provider of EV charging technologies, empowering forward-thinking businesses to drive sustainable mobility, by offering integrated, flexible and scalable EV charging solutions. For more information, visit evbox.com. For media questions, please reach out to [e-mail].

[grupo guitarlumber] 30/12/2021 11:34

Northern Bear shares drop on serving of GBP1.9 million legal claim

Wed, 29th Dec 2021 08:49
Alliance News

(Alliance News) - Northern Bear PLC on Wednesday said its subsidiary, Springs Roofing Ltd, has been served a notice of formal court proceedings regarding a claim by Engie Regeneration FHM Ltd for GBP1.9 million.

Shares in the Newcastle-based building services firm were 9.0% lower at 60.50 pence on Wednesday in London.

In the company's annual report for the year ended March 31, Northern Bear said that Springs Roofing had received correspondence regarding a claim of up to GBP2 million on a roofing contract carried out from April 2009 to March 2011 for Engie Regeneration.

Spring Roofing said it intends to defend the claim

vigorously and are currently reviewing the claim documents alongside legal advisers.

By Dayo Laniyan; [e-mail]

[waldron] 24/12/2021 09:32

GTT entrusted with tank design of new LNG carriers

Published by Lydia Woellwarth, Editor
LNG Industry, Friday, 24 December 2021 09:00

GTT has announced that it has received an order from its partner the Korean shipyard Daewoo Shipbuilding & Marine Engineering for the tank design of two new LNG carriers.

GTT has announced that it has received an order from its partner the Korean shipyard Daewoo Shipbuilding & Marine Engineering for the tank design of two new LNG carriers.

As part of this order, GTT will design the tanks of the vessels, which will each offer a capacity of 174 000 m3. The LNG carrier tanks will be fitted with the GTT NO96 GW membrane containment system.

Deliveries of the vessels are scheduled during first half 2025.

[the grumpy old men] 23/12/2021 08:25

(MT Newswires) -- Engie (ENGI.PA) on Wednesday completed the sale of an 11.5% stake in French natural gas transmission system GRTgaz to Société d'Infrastructures Gazières, or SIG, for 1.1 billion euros ($1.25 billion).

SIG is an investment vehicle owned by CNP Assurances and Caisse des Dépôts.

The transaction reflects the French utility group's strategy to rebalance its exposure to gas networks as it transitions to renewables and other infrastructure assets.