#Lebanon Diesel Generator Market price

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The Lebanon Diesel Generator Market is projected to grow at a CAGR of around 9.21% during the forecast period, i.e., 2023-28. Various factors have propelled the market in recent years, including rising infrastructure development activities in the country & unit sales of diesel generators. Frequent power outages & unavailability of efficient grid electricity to the economic sectors, namely residential, commercial, and industrial facilities, are the key factors augmenting the sales of diesel generators for standby, prime & continuous power solutions. According to the World Bank, in 2018, around 36% to 45% of electricity demand in the country was being met by private diesel generators across all sectors due to limited grid power availability.

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How Could Red Sea Standoff Affect Oil Supplies?

An Isra-helli Navy Missile Boat Patrols in the Red Sea off the Coast of Israel's Southern Port City of Eliat on December 26, 2023. © AFP 2023/Alberto Pizzoli

Ongoing Houthi attacks on Western trade vessels passing through the Red Sea have already prompted a spate of tankers to divert their course away from the area. Will the trend continue amid the current US-Houthi skirmish in the region? Sputnik explores.

Yemen's Houthis vowed to attack any ships associated with Israel until the Jewish state halts its military actions in the Gaza Strip in November.

This prodded US Secretary of Defense Lloyd Austin to announce the creation of a multinational operation to secure navigation in the Red Sea. Earlier this month, US and UK forces launched major strikes against Houthi positions to degrade the fighters’ ability to target commercial vessels. The standoff, however, shows no sign of abating.

Why is Red Sea So Crucial for Global Oil Deliveries?

The Suez Canal and the Bab el-Mandeb Strait at either end of the sea are major routes for energy shipping. Tankers coming from Persian Gulf countries, such as Iraq and Saudi Arabia, travel through the Red Sea to reach Europe and beyond.

US Jeopardizes Shipping in Red Sea - Hezbollah Secretary General! "Actions of the United States jeopardize navigation in the Red Sea, threatening the safety of even those ships not involved in the conflict," Nasrallah said during his speech broadcast by Al Jazeera. The US will not be able to stop the attacks on Israeli-related ships, Nasrallah said.

"[US President Joe] Biden and his accomplices are acting stupidly in their arrogance, thinking they can stop Yemenis by attacking Yemen. They have sent threats to Iran, but that will not help them deal with Yemen, because the Yemenis, like in Lebanon, make decisions on their own," Nasrallah said.

Between 7 and 8 Million Barrels Per Day (BPD) of crude oil and petroleum products were previously transported via the Red Sea. Up to 12% of global crude exports, and between 14% and 15% of exports of oil products, such as gasoline and diesel, typically travel through the Red Sea, according to data provider Kpler.

The main alternative route to the Red Sea goes around Africa via the Cape of Good Hope, adding about two weeks to trips and potentially increasing shipping rates by as much as $1 a barrel for crude and $4 a barrel for refined products, Goldman Sachs' estimates have shown.

How Did Oil Prices Change?

The prices of a barrel of Brent crude, the global oil benchmark, and West Texas Intermediate, the US oil benchmark, have barely moved since the beginning of the Red Sea tensions.

Currently, US crude oil is trading about $73 Per Barrel, as compared to average price tag of $82.49 Per Barrel in 2023. Brent crude futures traded 1.4% lower at $77.21 Per Barrel, while US West Texas Intermediate crude futures were down 1.0% at $71.69.

"The [oil] market basically doesn’t get as excited as it used to because it knows that most of these tensions don’t really, necessarily, lead to a reduction in supply," Homayoun Falakshahi, a senior oil analyst at Kpler, told CNN.

Red Sea Tensions ‘Sky-High,’ May Be Impossible to Contain Soon — UN Secretary General Antonio Guterres

At the same time, he suggested that the Red Sea crisis will last "for months," which may bring the price of Brent to past $80 per barrel in the near future. Falakshahi didn’t rule out that the price tag could rise as high as $85 a barrel over the next few weeks, and that it would surge higher only if the standoff escalated significantly.

Which Companies and Tankers Have Re-Routed?

Even though recent weeks saw a whole array of tankers take a longer route to avoid the Red Sea, the vessels are still reaching their customers, Falakshahi pointed out.

“It’s really mostly a crisis in the supply chain, we haven’t lost volumes [of oil]. You have some tankers that have to go around the Cape of Good Hope. But in the end, the volumes remain the same,” the analyst claimed.

US energy giant Chevron has meanwhile continued transporting crude through the Red Sea thanks to what its Chief Executive Michael Wirth called his company’s close cooperation with the US Navy’s Fifth Fleet.

In a separate development, the British oil major Shell suspended crude shipments through the Red Sea, about a month after British Petroleum (BP) paused transits across the region.

Wirth, for his part, warned that the Red Sea standoff poses serious risks to oil flows and that prices could change quickly if tensions continue. He voiced surprise that US crude oil was trading at about 73$ a barrel because the "Risks Are Very Real" amid the ongoing US-Houthi skirmish in the Red Sea.

"It’s a very serious situation and seems to be getting worse. So much of the world’s oil flows through that region that were it to be cut off, I think you could see things change very rapidly," Wirth argued.

Why are Russian Oil Shipments Unabated?

Russia's crude flows have been unhindered by the Red Sea standoff amid an increase in the country’s oil shipments through the region, according to tanker-tracking data obtained by the Bloomberg news agency.

Over the past four weeks, Russia’s crude shipments via the Red Sea have surged to around 3.43 Million Barrels Per Day, a 94,000-barrel increase in comparison with previous weeks, the data showed.

American ‘Losers’ Can’t Pass Through Bab el-Mandeb Strait, Yemen’s Houthis Say!

Currently Russian crude continues to pass through the Red Sea despite Houthi attacks in the area. The Ansar Allah (Houthi) movement earlier pledged it would target neither Russian nor Chinese vessels.

"Yemen’s Ansar Allah movement is attacking US and British ships in the Red Sea. As for all other countries, including Russia and China, their shipping is out of danger in the region," the movement’s spokesman Mohammed al-Bahiti told the Russian daily Izvestia. He underscored that the Houthis are ready to ensure the safe passage of Russian and Chinese ships via the Red Sea.

Maritime Safety in Red Sea Cannot Be Ensured Without Ending Fighting in Gaza — Qatar! The safety of ships in the Red Sea cannot be ensured without ending the war in the Gaza Strip, Qatari Foreign Ministry spokesman Majed Al Ansari said on Tuesday.

"The aggravation of the situation in Yemen and in the Red Sea region cannot be considered in isolation from what is happening in the Gaza Strip. It is impossible to ensure the safety of ships in the Red Sea by military means if the war in the Gaza Strip continues. If the war in the Gaza Strip ends, the situation in the region will also calm down," Al Ansari told a press conference.

Italy 🇮🇹 Halts Arms Supplies to Israel After War in Gaza Began! "Italy has stopped sending any kind of weapons to Israel since the beginning of the Gaza war. It's all blocked. The period when the most weapons were sent to Israel was during the premiership of [Former Italian Prime Minister Giuseppe] Conte. But with the outbreak of hostilities, we suspended all deliveries of weapons systems and military equipment of any kind," Italian Deputy Prime Minister and Foreign Minister Antonio Tajani said in an interview with Italian newspaper Quotidiano Nazionale, published on Friday.

— Sputnik International | Saturday January 20th, 2024 | Oleg Burunov

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Friday, September 17, 2021

Priciest Food Since 1970s Is a Big Challenge for Governments (Bloomberg) Whether for bread, rice or tortillas, governments across the world know that rising food costs can come with a political price. The dilemma is whether they can do enough to prevent having to pay it. Global food prices were up 33% in August from a year earlier with vegetable oil, grains and meat on the rise, data from the United Nations Food and Agriculture Organization show. And it’s not likely to get better as extreme weather, soaring freight and fertilizer costs, shipping bottlenecks and labor shortages compound the problem. Dwindling foreign currency reserves are also hampering the ability of some nations to import food. From Europe to Turkey and India, politicians are now handing out more aid, ordering sellers to cut prices and tinkering with trade rules to mitigate the impact on consumers. The issue is more acute in emerging markets where the cost of food accounts for a greater chunk of household spending, and in crisis-hit nations.

Newsom Beat the Recall, Now Comes the Hard Part: Governing California (NYT) On Wednesday, Gov. Gavin Newsom beat back an attempted recall—but still had multiple crises to confront. Ninety percent of the state was in extreme drought. The median home price had eclipsed $800,000. Some 100,000 people were sleeping outside or in their cars nightly. And more than 6 million public school children were struggling to make up the learning they had missed because of the coronavirus pandemic. Although Mr. Newsom has the advantage of a unified base, a Democratic supermajority in the Legislature and the state’s attention, he also has these long-term issues, and more.

The Greatest Killer in New Orleans Wasn’t the Hurricane. It Was the Heat. (NYT) In many ways, Iley Joseph’s one-bedroom apartment was an ideal place to ride out a hurricane. It was on the third floor—much too high to flood—of a building that was sturdy and new, part of a sleek, gated community for older residents like him. But in the days after Hurricane Ida, his home began to feel like a trap. The huge power failure that cut off electricity to New Orleans rendered Joseph’s air-conditioner useless and his refrigerator nothing more than a cupboard. Even worse, the outage froze the complex’s elevators in place, sealing him inside the building because his health problems prevented him from using the stairs. Joseph, 73, insisted in telephone conversations with his sons that he was doing just fine. But in his apartment, No. 312, it kept getting hotter. On Sept. 2, the fourth day after the storm hit—the hottest yet—a friend found him lying still on the side of his bed. Only in recent days, as the last lights flickered back on in New Orleans, have officials here discovered the true toll of Hurricane Ida. Of 14 deaths caused by the storm in the city, Joseph’s and nine others are believed to be tied to the heat.

Lumbering Nicholas (NYT) Since the storm named Nicholas made landfall in Texas on Tuesday, it hasn’t traveled very far. It first lingered over southeastern Texas, dumping rain along the coast and causing power outages in Houston. Since then, the storm has moved east over Louisiana, sometimes as slow as two miles an hour. Nicholas could cause flooding in Mississippi, Alabama and Florida today and tomorrow. This kind of storm—big and slow, bringing enormous amounts of rain—is an increasingly common part of life under climate change. Hot, dry places—like much of the American West—have become hotter and drier, while wet places—like the coast along the Gulf of Mexico—have become wetter.

SpaceX launches 4 amateurs on private Earth-circling trip (AP) SpaceX’s first private flight streaked into orbit Wednesday night with two contest winners, a health care worker and their rich sponsor, the most ambitious leap yet in space tourism. It was the first time a spacecraft circled Earth with an all-amateur crew and no professional astronauts. The Dragon capsule’s two men and two women are looking to spend three days going round and round the planet from an unusually high orbit—100 miles (160 kilometers) higher than the International Space Station—before splashing down off the Florida coast this weekend.

Mark Milley’s secret calls to China (Foreign Policy) Phone calls between U.S. Chairman of the Joint Chiefs of Staff Gen. Mark Milley and his Chinese counterpart, Li Zuocheng, from October 2020 through January have caused a political kerfuffle in Washington. According to Bob Woodward and Robert Costa’s new book, Peril, Milley twice called Li to reassure him that the United States was stable and was not about to launch an attack on China, despite then-U.S. President Donald Trump’s attempts to cling to power. Numerous questions remain about how the calls took place and what exactly was said. Beyond Trump’s instability or Milley’s overreach, one leaps out: Why did Milley think the Chinese might overreact to the U.S. political drama so strongly, potentially even taking military action? U.S.-China relations are at a nadir, but the crisis doesn’t seem to have put fingers on buttons yet. If Milley thinks otherwise based on intelligence, that could be a worrying sign. It also could be the overreaction of one general. It’s even more unclear what Li or anyone else in Beijing has made of the whole affair. After all, if a Chinese general reached out to tell Washington everything was fine in Beijing and not to be concerned about coup rumors, U.S. intelligence would probably become concerned that a coup was happening.

Researcher acquitted after FBI case collapses (Foreign Policy) University of Tennessee professor Anming Hu has been acquitted of fraud charges after the FBI twice attempted to prosecute him, only to have its case dismantled by judges for flimsy evidence and false statements. The case against Hu should not have been brought even once; attempting it twice makes the Justice Department’s campaign against Chinese scientists accused of espionage appear vindictive and racist.

Biden’s travel ban on European visitors widens transatlantic rift (Washington Post) Last week, France became the latest European nation to issue travel restrictions on unvaccinated American visitors. The move prompted outraged responses from some, but many Europeans seemed to believe that the move was America’s just deserts. The issue for wary Europeans isn’t just the United States’ persistently high national coronavirus case numbers. It’s that most Europeans, vaccinated or not, have been banned from the United States since March 14, 2020: more than 550 days and counting. The U.S. ban—which affects most European visitors, but not American citizens, permanent residents and a limited number of visa holders flying from Europe—was imposed in the early days of the pandemic under President Donald Trump. Many Europeans believed President Biden would lift the ban soon after taking office. He didn’t. Later, some speculated he would do so after he visited Brussels or when he hosted German Chancellor Angela Merkel in Washington, around the time that Europe and Britain lifted most of their own blanket restrictions. Still, no policy change. Some Europeans see no hope on the horizon for a lifting of the ban. “At this point, it’s really just incomprehensible,” said Benjamin Haddad, director of the Europe Center at the Atlantic Council. With little sign of change, tensions are flaring.

Australia to get U.S. nuclear submarine technology as China looms large (Reuters) The United States, Britain and Australia said on Wednesday they would establish a security partnership for the Indo-Pacific that will involve helping Australia acquire nuclear-powered submarines, as Chinese influence over the region grows. Under the partnership, announced by President Joe Biden, British Prime Minster Boris Johnson and Australian Prime Minister Scott Morrison, the United States will provide Australia with the technology and capability to deploy nuclear-powered submarines, senior U.S. administration officials told reporters. Australia will not be fielding nuclear weapons, the prime minister said.

With foreign funds frozen, Afghan aid groups stuck in limbo (AP) A month after the fall of Kabul, the world is still wrestling with how to help Afghanistan’s impoverished people without propping up their Taliban leaders—a question that grows more urgent by the day. With the Afghan government severed from the international banking system, aid groups both inside Afghanistan and abroad say they are struggling to get emergency relief, basic services and funds to a population at risk of starvation, unemployment and the coronavirus after 20 years of war. Among the groups struggling to function is a public health nonprofit that paid salaries and purchased food and fuel for hospitals with contributions from the World Bank, the European Union and the U.S. Agency for International Development. The $600 million in funds, which were funneled through the Afghan Health Ministry, dried up overnight after the Taliban took over the capital. “All we do is wait and pray for cash to come,” one aid worker said. “We face disaster, if this continues.”

Hezbollah brings Iran fuel to Lebanon despite US sanctions (AP) Dozens of trucks carrying Iranian diesel arrived in Lebanon on Thursday, the first in a series of deliveries organized by the militant Hezbollah. The powerful group operates independently from Lebanese authorities, which are struggling to deal with a crippling energy crisis. The overland delivery through neighboring Syria violates U.S. sanctions imposed on Tehran after former President Donald Trump pulled America out of a nuclear deal between Iran and world powers in 2018. The shipment is being portrayed as a victory by Hezbollah, which stepped in to supply the fuel from its patron, Iran, while the cash-strapped Lebanese government grapples with months-long fuel shortages that have paralyzed the country. There was no immediate comment from Lebanese or U.S. officials on the Iranian fuel delivery. Local commentators said Washington, worried about chaos in Lebanon amid raging, multiple crises, may have decided to look the other way.

One million Nigerian children to miss school due to mass kidnappings, UNICEF says (Reuters) At least one million Nigerian children could miss school this year as the new term begins amid a rise in mass school kidnappings and insecurity, the United Nations children’s agency UNICEF said on Wednesday. Schools have become targets for mass abductions for ransom in northern Nigeria by armed groups. Such kidnappings in Nigeria were first carried out by jihadist group Boko Haram then later its offshoot Islamic State West Africa Province, but the tactic has now been adopted by criminal gangs. So far, there has been 20 attacks on schools in Nigeria this year, with more than 1,400 children abducted and 16 dead, UNICEF said, adding that more than 200 children are still missing.

Instagram blues (WSJ) Around 22 million teens log on to Instagram in the United States each day. According to an internal study by Facebook of teens in the United States and United Kingdom, 40 percent of Instagram users reported that they felt unattractive, and the feeling began on the app. Roughly a quarter said they felt not good enough, and that the feeling first started on Instagram, and lots of teens also said that the app undermined their beliefs in their friendships.

[itsmadhurip3918world-blog]

Generator Sets Market in Europe is projected to surpass $5 bn by 2024

According to the Graphical Research new growth forecast report titled “Europe Generator Sets Market analysis based on Current, Fuel, Power Rating, Application, End-Use, Industry Analysis Report, Regional Outlook, Price Trend, Competitive Market Share & Forecast, 2018 – 2024”, estimated to exceed USD 5 billion by 2024.

Europe Generator Sets Market size is predicted to exceed USD 5 billion by 2024. Rising demand for uninterrupted & reliable power supply in response to the inadequate grid infrastructure will drive the Europe gensets market growth. The ability of these gensets to efficiently backup crucial operations during power fluctuations or unexpected blackouts constitutes the key factor which will strengthen the product’s adoption.

Request for a sample of this research report - https://www.graphicalresearch.com/request/1032/sample

Increasing digitization accompanied by sizeable expansion of the data center infrastructure will propel the Europe generator sets market growth. The booming regional data center industry, primarily led by Germany, the Netherlands, France, and the UK are supporting the widespread deployment of generator sets as requisite backup power equipment. These units are majorly installed across financial services and IT firms, hospitals and other commercial spaces.

Germany gensets market, in 2017 was valued over USD 600 million. Growing investments by industry giants toward the expansion of their cloud footprint is set to stimulate the industry expansion. For instance, Microsoft, in March 2018, announced the extension of its data centers infrastructure in Germany with the opening of two new facilities, which in turn will create cyclical demand for gensets.

Europe gas fired gensets market is set to witness robust growth on account of stringent legislative requirements aimed at reducing GHG emissions and supporting the adoption of energy efficient equipment. In addition, the expansion of gas pipeline infrastructure across the region, coupled with increased competitiveness of fuel prices will support the industry outlook. As per the European Commission (EC), the EU, in 2016 funded the construction of a gas pipeline (Balticconnector) between Finland and Estonia with an investment of over USD 200 million.

Browse key industry insights from this 2018 report Europe Generator Sets Market in detail along with the table of contents at:

https://www.graphicalresearch.com/industry-insights/1032/europe-generator-sets-market

Rising infrastructure and commercial investments, predominantly across the Eastern Europe will drive the Europe gensets market size. The industry growth is largely driven by gradual upturn in overall investment volumes in 2017 on account of improving macro-economic outlook and real estate expansion. Moreover, growing demand for retail, logistics and office properties in addition to expansion of senior nursing and housing establishments will accelerate the deployment of gensets in the region.

Europe AC generator sets market size is set to expand over 6% by 2024. AC gensets are majorly deployed across residential spaces subject to their low maintenance requirements and operational viability for small power ranges. Affordable price, operational durability, quick start-up, and reliability are some of the key features strengthening the product demand.

Notable industry players operating in the Europe gensets market include Kohler, Cummins, Generac, Caterpillar, Honda, Escorts, Yamaha, John Deere, Atlas Copco, Caterpillar among others.

Segments We Cover:

Europe Generator Sets Market Growth, By Current

•DC, AC

 Europe Generator Sets Market Statistics, By Fuel

•Gasoline, Diesel, Gas

Europe Generator Sets Market Trends, By Power Rating

•<50 kVA, 50-300 kVA, 300-1000 kVA, >1000 kVA

Europe Generator Sets Market Share, By Application

•Backup, Prime Power

Europe Generator Sets Market Analysis, By End Use

•Residential, Commercial, Industrial

The above information is provided on a country basis for the following:

•Russia, UK, Germany, France, Spain, Austria, Italy

Make an inquiry for purchasing this report @ https://www.graphicalresearch.com/request/1032/inquiry-before-buying

Related Reports:

1.    Europe LNG Bunkering Market Size by Product (Truck-to-Ship, Port-to-Ship, Ship-to-Ship, Portable Tanks), By End-Use (Container Vessels, Cruise-ships, Bulk Carriers, Ferries, Offshore Support Vessels), Industry Analysis Report, Regional Outlook (Norway, The Netherlands, Germany, Belgium, Denmark, UK, Spain, France, Italy), Competitive Market Share & Forecast, 2018-2024

 2.    Middle East Gas Turbine Market Size By Capacity (< 50 KW, 50 KW to 500 KW, > 500 KW to 1 MW, > 1 MW to 30 MW, > 30 MW to 70 MW, > 70 MW to 200 MW, > 200 MW), By Product (Aero-Derivative, Heavy Duty), By Technology (Open Cycle, Combined Cycle), By Application (Power Plants, Oil & Gas, Process plants, Aviation, Marine), Industry Analysis Report, Country Analysis (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Egypt, Turkey, Bahrain, Iraq, Jordan, Lebanon) Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024

 About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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[marketresearchinsight-blog]

Gas Turbine Service Market Future Growth Scope And Emerging Trends

The global Gas Turbine Service Market size is expected to reach USD 41.6 billion by 2025, according to a new report by Grand View Research, Inc. The global market is anticipated to register a CAGR of 8.5% during the forecast period. Availability of natural gas in large quantities coupled with its relatively lower prices, especially in North America, China, and Thailand, has led to an increase in power generation using gas turbines.

The standby inspection (consist servicing of the relays cleaning, battery system, checking oil & water level and device calibration), running inspection, and combustion inspection (includes inspection of fuel nozzles and combustion liners) are the major maintenance and repair activities which are performed at different time interval, depending upon various factors such as operating hours, geographical condition, fuel, etc.

Growing focus on generating electricity through cleaner sources and discouragement of utilizing coal reserves are the factors anticipated to increase the share of gas turbines in the global energy mix. This, in turn, is expected to provide a favorable environment for the development of this market. One such strategy includes the recent orders passed by the current U.S. government to reverse the energy policies of the previous government and stop the war on coal, which is expected to boost the use of natural gas for energy production over the forecast period.

According to Diesel & Gas Turbine Worldwide, the total number of industrial gas turbines ordered in 2014 were 569 units, which increased to 581 in 2016. Of these, the total number of natural gas-fired industrial turbines, ranging from 30 MW to 120 MW, were 62 units in 2014 and reached 147 in 2016. Growth in industrial turbine installations across the globe is creating more opportunities for aftermarket services, which is building a favorable environment for the growth of gas turbine maintenance market.

Throughout their lifespan, the turbines undergo various inspections at different intervals. Combustor inspection (at 8,000–12,000 EOH), hot gas path inspection (at 24,000–50,000 EOH), and major inspection/overhaul (at 48,000–70,000 EOH) are some of the critical inspections that are essential for the reliable operation of gas turbines. Increasing utilization of gas turbines in resource extraction, processing applications, manufacturing facilities, and packaging plants is widening the product application scope, which is also projected to boost the aftermarket services for gas turbines. Increasing demand for the aftermarket services for gas turbine is projected to provide a substantial growth potential to the gas turbine service market.

Technological development in data collection methods is enabling players in this industry to form a constitutive model for materials. Test rig control helps in gathering and analyzing large volumes of data, thereby allowing players to create the most suitable maintenance plan and models for gas turbines.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/gas-turbine-services-market

Further key findings from the report suggest:

The global gas turbine service market was valued at USD 23.9 billion in 2017. The market is projected to witness a CAGR of 8.5% during the forecast period

The industry is highly consolidated in nature and is centered around five major players, which hold over 60% of the market

Early defect detection through the use of software and the preventive maintenance results in substantial cost saving, which has increased the importance of service providers in gas turbine market

Ease of maintenance and operation, higher efficiency, relatively lesser weight, and compatibility at offshore locations are some significant factors projected to drive the demand for <100 MW turbines

The key players include GE Power, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd. (MHPS), Kawasaki Heavy Industries, Ltd., and MAN Diesel & Turbo SE.

Grand View Research has segmented the global gas turbine service market on the basis of turbine type, turbine capacity, service type, service provider, end use, and region:

Gas Turbine Service Turbine Type Outlook (Revenue, USD Million, 2014–2025)

Heavy Duty

Industrial

Aeroderivatives

Gas Turbine Service Turbine Capacity Outlook (Revenue, USD Million, 2014–2025)

<100 MW

100 to 200 MW

>200 MW

Gas Turbine Service Type Outlook (Revenue, USD Million, 2014–2025)

Maintenance & Repair

Overhaul

Spare Parts Supply

Gas Turbine Service Provider Outlook (Revenue, USD Million, 2014–2025)

OEM

Non-OEM

Gas Turbine Service End-use Outlook (Revenue, USD Million, 2014–2025)

Power Generation

Oil & Gas

Other Industrial

Gas Turbine Service Regional Outlook (Revenue, USD Million, 2014–2025)

North America

US.

Canada

Mexico

Europe

Germany

UK.

France

Asia Pacific

China

India

Japan

Indonesia

Malaysia

Vietnam

Bangladesh

Pakistan

Singapore

Thailand

The Commonwealth of Independent States (CIS)

Azerbaijan

Kazakhstan

Russia

Turkey

Turkmenistan

Ukraine

Uzbekistan

Central & South America

Brazil

Middle East & Africa

UAE

Oman

Iraq

Qatar

Lebanon

Algeria

Tunisia

Kuwait

Ghana

South Africa

Access Full Press Release Of This Report: www.grandviewresearch.com/press-release/global-gas-turbine-services-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

[mikemortgage]

Plagued by cuts, Lebanon survives on floating power plants

BEIRUT — Lebanon has for decades struggled with daily power cuts that leave residents sweating through their shirts summer after sticky summer.

The bankrupt national power company, unable to build new power plants, has been buying electricity from Turkish barges docked off-shore.

Last week, Lebanon received its third floating power station — the 235-megawatt Esra Sultan, built and operated by the privately owned Turkish Karadeniz Energy Group. Lebanese Energy and Water Minister Cesar Abi Khalil billed it as a temporary but thrifty measure to reduce part of Lebanon’s electricity deficit.

It is the third so-called “power ship” to dock in Lebanon since 2013. Lebanon recently extended its contract with Karadeniz to ensure that at least two of the barges will continue serving the country for another one to three years.

Blackouts have been a fixture of life in this Mediterranean country since the 1975-1990 civil war.

Beirut residents set their routines around three-hour cuts that determine when they can turn on their air conditioning in the summer and water boiler in the winter. Outside the capital, the outages can last up to 12 hours or more.

Electricity from the Karadeniz barges costs more than producing it on land but less than the fees private operators charge for backup power during the daily outages.

George Chiha, an electrician, said he remembers when politicians promised to deliver 24-hour electricity in the 1990s.

“Politics is a joke, at our expense,” said Chiha, 35.

The outages are costing businesses and residents billions of dollars in private generation fees and lost productivity, says the energy minister.

“We need emergency power,” said Abi Khalil.

In the Beirut suburb of Dekwaneh, the media production company Final Cut purchased a $10,000 generator to provide backup power through 10-hour daily outages.

Chiha, who works at Final Cut, said the company spends at least $3,500 each month on fuel costs and maintenance.

Residents usually turn to private operators during outages, who charge anywhere between four to eight times more than the state-owned electricity company.

Their generators hum away in recommissioned parking lots and alleyways across the country, venting diesel fumes.

This summer, generator providers raised their subscription fees, citing lengthier outages and the rising price of fuel. The hikes are pricing some regular subscribers out of the market, fueling resentment that’s been directed at both the providers and politicians.

Lebanon is consistently ranked among the world’s most corrupt countries, and the sprawling black market for private power has created a perverse power structure that many say politicians have little incentive to reform.

“The boss never wants us to get comfortable, so we keep needing him,” said 24-year-old Brahim al-Masri. His building charges $150 in monthly power generation fees on top of the regular state company bill. To save money, the family only pays for the months when close relatives visit from abroad. During other months, they sit in the dark for 3 to 6 hours each day.

There are more than 7,000 private providers operating in Lebanon, according to the national syndicate Generateur du Liban, and many insist they’re filling a vital gap in the country’s services.

“They call us mafias and thugs. But we have lawyers, we have engineers and we have technicians,” said Hassan al-Yassin, who provides power to neighbourhoods in Lebanon’s Dahiyeh suburbs.

Governments have come and gone, but none have been able to solve the energy puzzle.

Lebanon’s state-owned power company, Electricite Du Liban, is producing just 2,050 megawatts of electricity, or less than two-thirds of the summer demand, according to the Energy Ministry.

Abi Khalil, the minister, said the influx of refugees from neighbouring war-torn Syria has further strained Lebanon’s power sector.

The U.N. has registered more than 1 million Syrian refugees since 2011, an estimated one-fifth of Lebanon’s population. They draw approximately 500 megawatts of power from the grid, according to a joint 2017 Energy Ministry and U.N. study.

“I don’t think any country in the world could have planned for such a dramatic burst in its population,” said Abi Khalil.

But analysts say the problems run deeper.

The state-owned electric company operates on a $1.5-billion deficit, owing to the below-market rates set by a 1990s law. The budgetary hole is filled by subsidies from the national treasury — the World Bank says transfers to Electricite Du Liban account for a staggering 40 per cent of the debt the country has accumulated since 1992.

It’s a predicament for politicians, who can’t justify raising tariffs on consumers until the EDL generates more electricity, yet can’t boost generation without spending more on investment.

Plans to reform the sector have been shelved and drawn up again with each successive government, says Lebanese economist Mounir Rached, who advises the Finance Ministry.

“There’s corruption in every process of the generation cycle,” said Rached.

In 2013, the country contracted its first two power ships from Karadeniz as a stopgap measure to keep lights on until the country could build new power plants.

The plants never materialized.

A 500-megawatt generating station that was supposed to have been built by 2015 is now expected to go online in 2020.

Instead, the barges, Fatmagul Sultan and Orhan Bey, were upgraded in 2016 to provide 37 per cent more power. Then, this year, the Energy Ministry contracted with Karadeniz to keep the barges for another three years.

As a “goodwill gesture,” Karadeniz said, the company delivered the third barge, Esra Sultan.

Together, the three Turkish barges provide a quarter of Lebanon’s generation capacity. Two sit in the harbour in Jiyeh, a popular surfing spot south of the capital, their black soot exhaust polluting the sky.

Karadeniz’s barges can be powered by natural gas but Lebanon has been fueling them with cheaper but dirtier heavy fuel oil.

The country is even buying emergency power from neighbouring Syria, mired in its civil war and unable to generate enough energy for its own consumers.

Abi Khalil said the electricity purchased from Syria is more expensive than power EDL procures, but never exceeds 100 MW per month.

In 2010, then-Energy Minister Gebran Bassil famously pledged to deliver 24-hours electricity by 2015.

Today’s minister thinks 24/7 power is possible, but won’t set a target date.

“It all depends on completing the projects we have on time,” said Abi Khalil.

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Can Green Energy Beat Lebanon’s ‘Generator Mafias?’

In the Lebanese town of Zahle, hundreds of solar panels glitter atop red-tiled roofs and spread across the grassy foothills beneath the Bekaa Valley’s snow-capped peaks. Glancing around, one might think this chronically power-starved Mediterranean country is on the cusp of a green energy revolution.

But Zahle is the only town in the country with a reliable source of power. Just outside the city limits, the panels disappear. Here, as with most of the country, jumbles of wire strung between electrical poles and buildings blot the sky, connecting shops and homes to massive, semi-legal diesel engines run by some of Lebanon’s most notorious characters, often referred to as the “generator mafias.”

These private generator owners are a holdover from the country’s 1975-90 civil war, when they began to fill the gap left by the destruction of the national grid. Experts estimate the gap between Lebanon’s energy supply and demand to be as much as 1 gigawatt in a country of about only 4 million people, leaving citizens without power from the official grid for as many as 12 hours per day. Today, however, a mounting groundswell of support for renewable energy and a global boom in solar technology is beginning to erode their immense power.

Over the years, the wealth and influence of Lebanon’s generator owners grew as political dysfunction and continuing conflict—including assassination, mass protests and a 2006 Israeli bombing campaign—hamstrung efforts to fix the national grid. Today, the so-called mafia controls a market worth anywhere from $1.5 billion to $2 billion, according to Ali Ahmad, an energy policy specialist at the American University of Beirut’s Issam Fares Institute, and stands in the way of anyone pursuing energy reform.

Many generator owners have gained influence over energy policy by building relationships with municipal officials and politically connected fuel importers, environmental activists say. “In the generator sector, all of these groups are tied to leaders in power,” said Naji Kodeih, an environmental consultant with Green Area, a Lebanese environmental publication. “And all of them provide services to these powers—commissions, money, donations. … That’s what’s preventing the country from having electricity.” He added: “In the end, the Lebanese citizen, the Lebanese economy, and the country’s development all pay the price for a parasitic mafia network of interests.”

About three years ago, Zahle managed to break the cycle. Citing a 1920s concession agreement with the Lebanese government to produce and distribute power in the area, the local private utility, Electricite de Zahle (EDZ), leased diesel generators from a Britain-based firm and pumped the energy into the local grid. By covering the power gap left by the state utility and offering a single, cheaper bill, rather than the two bills residents had been paying (one to the state utility, another for their local private generator), EDZ was able to push hundreds of smaller generators out of business.

The mafias fought back by burning tires and blocking streets. EDZ said someone shot at the plant’s transformers and threatened its chief executive. In the end, the protests died down and the generator owners moved on—thanks largely, the company says, to substantial support from the public for its effort. “If we didn’t have support from the residents, we couldn’t have continued with the project,” said Nicolas Saba, head of the utility’s technical department.

Since then, 24-hour power has made Zahle the only town in Lebanon where a national law allowing net metering—an arrangement whereby individual solar panel owners essentially sell power back to the grid—can take real effect. Francois Farage, manager of Green Essence, a solar panel installation company, said the boost has helped propel the number of installations his company performed from around two or three in 2013 to a total of more than 150.

Yet, outside Zahle, the picture changes dramatically. To keep solar systems economical, clients must convince local generator owners to set up a miniature net-metering system on their own networks—something Farage says generator owners almost universally reject out of fear of losing income. “Outside Zahle, they are the decision-makers, so of course we had some problems,” he said.

These negotiations can become unpleasant. Rony Karam, a Lebanese investor working on a real estate project a few miles outside Zahle’s grid, said he recently approached a local generator owner to see if he would help fill the power gap on a new village-scale micro-grid run largely on solar energy.

To his surprise, the man refused to consider it. “It was either solar or generator; he wouldn’t accept both. So that was it,” Karam recalled.

Still, Karam says that if his project in the Bekaa is successful, it could provide a model for hundreds of villages in Lebanon to establish their own micro-grids. “There is a lot of will, at least by a few people, to promote greenery but also, indirectly, to fight corruption,” he said.

Despite the entrenched interests keeping Lebanon’s power grid dysfunctional, many see a vibrant future for the renewable sector. The country sees more than 300 sunny days a year, ideal conditions for solar energy. A central bank program providing low-interest loans for solar projects has spurred hundreds of installations, said Pierre El Khoury, general director of the Lebanese Center for Energy Conservation, a government agency affiliated with the Ministry of Energy and Water.

The country is on track to provide 12 percent of its energy from renewable projects, including private panel installations and solar water heaters, by 2020, Khoury said. A recent tender for three wind farms in northern Lebanon has opened a model for private companies to get involved in large-scale electricity generation for the first time.

Critics say such goals fall far short of Lebanon’s potential, however. Jordan, Egypt, Morocco and the United Arab Emirates all have solar farms that dwarf Lebanon’s largest projects.

Rabih Osta, general manager of Phoenix Energy, a major Lebanese solar company, said that it’s time for Lebanon to consider a gigawatt-scale solar project that could effectively plug the country’s energy gap. “If each year the individual market doubles or triples, it proves we are the right track, but it’s time to think on a bigger scale now,” he said.

As such projects gain momentum, they may well encounter even fiercer resistance from generator owners and other vested interests such as fuel importers, just as traditional power plants have. Ahmad, of the Issam Fares Institutes, suggests that when they do, the best strategy may to try to bring those involved in it into the process, rather than push them away.

“Will renewable take over generators? Of course. It’s just a matter of time,” Ahmad said. “Ideally, we should incorporate them in the planning, and we should offer them some sort of ownership in this green economy.”

  The post Can Green Energy Beat Lebanon’s ‘Generator Mafias?’ appeared first on Bloomberg Businessweek Middle East.

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