Pumping gas from Russia to Italy
Gazprom, the giant Russian natural gas company, is constructing a 3,500 kilometers long gas pipeline across the Black Sea to Southern and Central Europe called the South Stream project.
The offshore section of the South Stream gas pipeline will run under the Black Sea from the Russkaya compressor station on the Russian coast to the city of Galata on the Bulgarian coast. The total length of the Black Sea section will exceed 900 km with its maximum depth at more than two kilometers. The annual design capacity will be 63 billion cubic meters.
The pipeline will involve the partnership of nine countries, including Bulgaria, Serbia, Hungary, Italy and Russia, and has required substantial agreements between governments and major energy enterprises.
“The start-up of South Stream construction is indeed a historical event,” said Alexey Miller, Management Committee chairman, Gazprom.“The project embodies the intention of Russia and the countries of Southern and Central Europe to strengthen the partnership in the energy sector and to create a new reliable system of Russian gas supplies to European consumers. South Stream is a comprehensive infrastructure project that gives a powerful impetus to development of the economies in the participating countries.”
On Sept. 16, 2011, the Shareholders Agreement of South Stream Transport was signed for the construction of the offshore gas pipeline section. According to the document, Gazprom holds a 50 percent stake in the project, Italian Eni, a 20 percent stake, while German Wintershall Holding and French EDF have 15 percent stakes each.
The Consolidated Feasibility Study for South Stream was finalized in 2011 and included a feasibility study for the offshore section and feasibility studies for the respective gas pipelines in the host countries of Southern and Central Europe.
On Nov. 14, 2012, the South Stream Transport Board of Directors adopted the final investment decision for the offshore section of the South Stream project. On Dec. 7, 2012, the South Stream gas pipeline construction started near Anapa in the Krasnodar Territory.
The first string of the offshore gas pipeline is scheduled to be commissioned in late 2015.
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.