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S Korea sets up task forces for renewable bottlenecks
S Korea sets up task forces for renewable bottlenecks
London, 11 December (Argus) — South Korea has launched a climate and energy task force across eight regional environment agencies, as well as a climate and energy field response team, its climate and energy ministry Mcee announced today. The move aligns with its government's coal phase-out target, aiming to ease bottlenecks in its renewable energy transition while expanding renewable capacity across regions. The task force will carry out work on site, mediating local disputes and identifying region-specific projects, while the field response team will drive regulatory changes based on local feedback and support renewable project development through monthly review meetings. In addition, Mcee, South Jeolla province, Kepco and the Korea Energy Agency signed a memorandum of understanding (MoU) to accelerate the country's shift to renewables. The four organisations will work together to promote community participation, support timely grid development and run local dispute resolution platforms. "Renewable expansion can advance only with community participation. The regional environment agencies will work closely with local communities to help drive the country's climate and energy transition." Mcee minister Kim Sung-hwan said at the event. Meanwhile, South Korea is aiming to expand its offshore wind capacity from the current 350MW levels to 10.5GW by 2030 and 25GW by 2035, Kim announced yesterday. The South Korean government has pursued offshore wind development for several years, but many projects have been delayed because of limited infrastructure, permit issues and local opposition. Market participants are paying close attention to its newly-launched teams set up to address these issues on the ground. Separately, the government last week announced plans to increase installed onshore wind capacity from about the current level of around 2GW to 12GW by 2035. Coal supplied 28pc of the country's power generation in January-September, while wind — including both onshore and offshore capacity — contributed just 0.6pc over the same period, according to Argus data. By Dayu Park Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Zambia to develop 300MW of new coal-fired capacity
Zambia to develop 300MW of new coal-fired capacity
London, 11 December (Argus) — Tanzanian conglomerate Amsons Group and Zambian energy firm Exergy Africa have announced a $900mn partnership to develop 1.3GW of generation capacity in Zambia. This will comprise 300MW of coal-fired capacity and 1GW of solar capacity, with $300mn and $600mn to be allocated to the respective energy sources in a bid to boost Zambia's energy security. Half of the new solar capacity is expected to be added to the grid within 18 months, with the full 300MW of coal-fired capacity and remaining 500MW of solar capacity to be installed within two years, according to Zambian energy minister Makozo Chikote. Zambia has recently turned to coal-fired power to reduce its dependence on hydropower, which accounts for around 85pc of the country's total electricity generation, given recent dry spells have caused water levels in Lake Kariba to fall below those sufficient for power generation. Kariba Dam levels remained near a record low this year, resulting in continual load-shedding after a severe drought in 2024 drained Lake Kariba. The country's only operational coal-fired plant, the 300MW Maamba coal power station owned by Zambia's largest coal mining firm Maamba Collieries, is set to double its capacity to 600MW after the construction of a second coal-fired unit was approved last year. Zambia last year also approved the construction of another 300MW coal-fired unit as part of the Mulungwa Power Generation project — a joint venture between Zambian firm Africa Power Coal and China's Jiangsu Etern. Construction of a new 600MW coal-fired power plant is also under way in Sinazongwe, according to the Zambian government, after Chinese-owned Wonderful Group's $900mn proposal was approved this year. The first 150MW of coal-fired capacity is expected to be installed by the third quarter of next year, with a further 150MW of capacity to be added in each quarter through to the second quarter of 2027. By Bryan Wu Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
N Zealand's gas output falls for 8th quarter in Jul-Sep
N Zealand's gas output falls for 8th quarter in Jul-Sep
Sydney, 11 December (Argus) — New Zealand's July-September gas production fell on the year for the eighth consecutive quarter, diverging from industrial gas demand, while gasoline imports rose and crude production dropped, data from the country's business, innovation and employment ministry (MBIE) show. Net gas production fell by 16pc on the year to 25.5PJ (681mn m³) in July-September, down from 30.2PJ a year earlier, data from the MBIE's New Zealand Energy Quarterly show. The country's gas stocks also fell by 2.4PJ over the same period, indicating a drawdown of inventories. New Zealand's conservative government also launched a procurement process for an LNG import terminal in October. Industrial users consumed 10.3PJ of gas over the quarter, up by 14pc on the year, largely because of the restart of Canadian methanol producer Methanex's 1.72mn t/yr Motunui plant. Methanex idled its plant in August–October 2024 and May–early July 2025 to support gas-fired power generation. The site has operated normally since then. New Zealand's gas-fired electricity generation fell in July-September. Utilities burned 7PJ over the quarter, down from 9.2PJ a year earlier, because of strong renewable generation. The country's hydroelectric and geothermal generation rose by 23pc and 6.5pc on the year, respectively. New Zealand's gasoline imports rose by 7.4pc on the year in July-September (see table). New Zealand also restarted oil and gas exploration in September , and extended permits for the 5,600 b/d Maari oil field for a decade in August. By Avinash Govind New Zealand energy production and imports b/d Jul-Sep '25 Apr-Jun '25 Jul-Sep '24 q-o-q ± % y-o-y ± % Gasoline imports 49,972 50,531 46,516 -1.1 7.4 Diesel imports 65,093 67,306 61,411 -3.3 6 Jet fuel imports 28,406 28,923 28,884 -1.8 -1.7 Natural Gas Liquids (NGL) 15,056 13,954 15,687 7.9 -4 Gas production (PJ) 26 26 30 -0.9 -16 Source: New Zealand's Ministry of Business, Innnovation and Employement Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Coal profit margins hold lead on gas in US midcontinent
Coal profit margins hold lead on gas in US midcontinent
New York, 10 December (Argus) — Coal-fired generation has been holding a profit advantage over at least some natural gas units in the midcontinent for more than a week. Peak day-ahead spark spreads for both coal and natural gas in the central US and Midwest jumped last week as colder-than-normal weather arrived and power markets tightened. But different directions in coal and natural gas prices led to greater gains in coal profit margins. The peak day-ahead spark spread for 10,000 Btu/kWh coal units at the Indiana power hub — a reference point for central portions of the Midcontinent Independent System Operator (MISO) — jumped by $27.90/MWh on 1 December to $36.52/MWh, while the margin for 8,000 Btu/kWh natural gas units rose to $34.83/MWh that day from $8.23/MWh the previous trading day. Overall, the spread for 10,000 Btu/kWh coal units at the Indiana power hub surpassed the spread for 8,000 Btu/kWh natural gas units the past eight trading days. While coal's advantage over natural gas has narrowed this week, the eight-day stretch is the longest for coal over natural gas at the Indiana power hub since October 2021. Elsewhere, coal generation in the PJM Interconnection West hub was more profitable than 8,000 Btu/kWh natural gas units for the past seven days, which was the longest period since 3-23 January. Both coal and natural gas profit margins were supported by jumps in power prices as the colder weather pattern moved into the central US. The peak day-ahead power price at the Indiana power hub climbed by $28.04/MWh on 1 December to $70.43/MWh — the highest since 15 August — and averaged $59.55/MWh so far this month. The price at PJM West reached a more than four-month high of $132.85/MWh on 8 December and averaged $94.33/MWh 1-9 December. At the same time, natural gas prices surged last week while coal prices ranged from unchanged to only slightly higher, giving room for coal to take a profit advantage over at least some natural gas generation. The average for the day-ahead price for natural gas at the Chicago Citygates — a benchmark for gas in the Midwest — was $4.525/mmBtu over 1-9 December. By comparison, Powder River basin 8,800 Btu/lb coal was assessed as being delivered to St Louis, Missouri, at $2.363/mmBtu on 3 December and delivered to southwest Ohio at $2.685/mmBtu. Illinois basin and CSX rail-originated coal delivered to the Midwest also had lower prices than the Chicago Citygates average. Coal-fired generation in MISO — typically the largest grid for US coal power — was the dominant fuel source for the grid on 6-7 December and has held above year-earlier levels all of this month so far. Gas power in MISO was the primary generating source every other day so far this month but has lagged year-earlier levels. Temperatures across much of MISO's and PJM's footprints are expected to stay below normal through Sunday, according to weather forecasters. But electricity heating demand is expected to recede next week. Temperatures in the midcontinent and eastern US are projected to be closer to seasonal norms from 15-19 December, private forecaster Commodity Weather Group said today. Warmer-than-normal conditions were then forecast to move into the eastern half of the country from 20-24 December. By Elena Vasilyeva Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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