Egypt is positioning itself as a prominent gas importer during the northern hemisphere summer while becoming a winter exporter. WoodMackenzie points out that “a pragmatic approach to pricing” by the Petroleum Ministry has secured over US$28 billion in new gas field investment since 2015, so “this could be just the start of Egypt's second gas boom.”
With global energy demand forecast to grow by 30 percent through to 2030, driven by industry and rising prosperity in emerging markets like ASEAN, Thailand’s energy secretary Areepong Bhoocha-Oom seeks to turn the country into a regional energy hub. For the Thai power sector that means liberalising integrated utilities and transforming the fuel mix toward clean gas and renewables.
Steep rise in the deployment and use of new Floating Regasification and Storage Units (FSRUs) – notably in Asia and sub-Saharan Africa – will substantially increase the supply of natural gas for decentralised power generation projects worldwide. From 2019 onwards, Energy Aspects anticipates the deployment of three to four new FSRUs per year, with a combined LNG import capacity of some 12-15mtpa, as “the maximum level of uptake.”
Worldwide markets for battery energy storage systems (BESS) are expected to grow exponentially due to its grid, generation, and consumer-side applications – reaching more than 14 GW by 2020, up from about 1.5 GW in 2015, according to GlobalData analysis. The United States is leading the BESS market followed by Japan, Germany and China.