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Mytilineos signs UK power plant deal
Mytilineos on Thursday announced the signing of a contract for the development of an open-cycle gas turbine (OCGT) power plant project in Immingham, North Lincolnshire in England, for VPI Immingham-B LLP (VPI-B), a non-consolidated group entity of Vitol.
The contract signed by Mytilineos consists of the engineering, procurement and construction (EPC) of a 299-megawatt OCGT plant.
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Euro Plunges to 20-year Low after Nord Stream 1 Shutdown
Financial markets have been rattled by the shutdown of Russia's Nord Stream 1 gas pipeline, as energy pressure on European economies intensifies as winter approaches. The euro fell to a two-year low this morning in early trading on Monday after Russian energy company Gazprom extended the shutdown of its gas pipeline to Germany on Friday night.
Gazprom has completely Stopped Supplies on Nord Stream for an Indefinite Period
Gazprom said the gas pipeline to Germany, which was due to open at the weekend, would remain closed until a turbine could be repaired, cutting supplies to Europe indefinitely.
Scholz accuses Russia of blocking gas turbine delivery
German Chancellor Olaf Scholz yesterday accused Russia of blocking the delivery of a turbine needed to keep gas flowing via the Nord Stream 1 pipeline to Europe.
The unit was "available and working" Scholz said, standing next to the turbine on a visit to the maker Siemens energy.
"There is no reason why this delivery cannot happen," Scholz said.
Canada to release equipment for Russia-Germany gas pipeline
The Canadian government says it will allow the delivery to Germany of equipment from a key Russia-Europe natural gas pipeline that has undergone maintenance _ equipment the absence of which Russia's Gazprom cited last month as a reason for more than halving the flow of gas.