Gastech Insights is an online platform which delivers unique content, analysis and online discussions on the most important issues, from the perspective of those within the global gas and LNG community. It also gives gas professionals a voice and encourages them to become active contributors by sharing their knowledge, ideas and opinions on a vast range of industry topics.
Significant events this year have changed the face of the LNG shipping industry. Growing production in North America, Australia and elsewhere is leading to an abundance of natural gas.
It is well known that unconventional gas – shale gas, tight gas, and natural gas associated with shale oil production – has transformed natural gas supply across North America. Currently, about 60 billion cubic feet of unconventional gas is produced daily in the US or about two-thirds of total US production. Going forward this fraction is expected to increase.
Though gas production has stabled in recent years, during the boom period from 2007 to 2012 shale gas production in the US expanded at an astounding average growth rate of over 50% per year, and thereby increased nearly tenfold over this short time period alone. Hydraulic fracturing technology, or “fracking”, as well as new directional drilling techniques, played key roles in this shale gas revolution, by allowing for extraction of natural gas from previously unviable shale resources.
Maritime LNG trade is a crucial link in the natural gas supply chain for many nations where domestic demand exceeds available supply. Despite the previous oversupply, LNG vessels are being rapidly absorbed thanks to the current robust global demand.
With the impending IMO sulphur cap becoming effective in 2020, ships will have to use marine fuel with a sulphur content of no more than 0.5% compared to the current limit of 3.5%. Interested in discovering more, Gastech Insights spoke with maritime solution leaders Bernhard Schulte Shipmanagement.
The Association of South East Asian Nations (ASEAN) celebrates its 50th anniversary this year. It consists of 10 countries, with a combined GDP of US$2.8 trillion, making it the 6th largest economy in the world.
The opinions expressed here are those of the author, a columnist for Reuters. Graphic of China's LNG imports - view the table here. Liquefied natural gas (LNG) is supposed to be a deeply over-supplied market, but it doesn't appear to be behaving as such in the major consuming region of Asia with strongly rising prices amid robust demand growth.
Interfax Energy - Thailand is set to import 36 mtpa of LNG by 2030, up from around 2.9 mtpa in 2016, as gas domestic production is set to decline rapidly after 2020, an official from the country’s Ministry of Energy told delegates at the Gas Asia Summit in October.
The Central and Eastern European region is undergoing a process of profound change in terms of its interconnected energy market dynamics. Inside this eBook, you will find 8 industry experts' comments on the constantly evolving Central and Eastern European (CEE) gas market and discover why it is the region of possibilities.
The shale gas revolution, brought about through the combination of hydraulic fracturing (“fracking”), horizontal drilling technologies has slashed consumer prices for both gas and electric in this country, while reducing air emissions by incredible volumes.
In a recent IGU report it is estimated that close to 50 FSRUs could be in operation by 2025 with the capacity to import close to 200 mtpa, which was 60% of the world’s LNG production in 2016. The Society of International Gas Tanker and Terminal Operators (SIGTTO) was formed as an international organisation to address common problems and derive agreed criteria for best practice and acceptable standards.
LNG supply is growing rapidly on the back of expanding production capacity and will increase by another 100 million tonnes or 35% by 2020. This expansion is changing market dynamics, and LNG producers are becoming more active in opening up new markets for LNG. FSRUs hold the key to unlocking the majority of such markets, because of the effectiveness of floating regasification solutions in terms of cost and time as compared to land based LNG import terminals. LNG market as a buyer’s market
The FLNG market size for 2016 was valued at over US$10 billion and is set to exceed 300 mtpa by 2024, reported by Global Market Insights, with increasing demand for cleaner fuel driving the global growth.
Enagás reported natural gas demand in Spain grew in September 2017, reaching 26,153 Gwh, the highest September value in the last five years. In the year to date, natural gas demand in Spain has risen by more than 9% owing to rising demand in the domestic-commercial and industrial sectors leaving Spain with an optimistic outlook for the gas industry.
Operating since 2007, Reganosa’s Mugardos terminal provides the system with a natural gas capacity of 3.6 bcm per year, which is around 14% of the Spanish natural gas demand. Most recently, the energy firm has announced the launch of its LNG hub project in the Northwest of the Iberian Peninsula; aiming to provide liquefied natural gas as a marine fuel to a wide range of clients.
Gas extraction and LNG projects offer challenges in developing and deploying robust and secure telecommunication infrastructure. Located in varying environments, these projects require a multitude of telecommunication infrastructure including fibre optics, radio frequency (RF), microwave, satellite and Wi-Fi. In addition, critical plant processes, environmental monitoring, regulatory reporting, cloud-based analytics and business networks which all reside on top of individual plant telecommunication infrastructure all forming part of this multifaceted network.