CNPC has decided to step up investment in gas upstream as it seeks to nearly double its gas output to 180 Bcm/y by 2020. Hou Qijun, head of CNPC’s planning department, announced the gas proportion of CNPC's budget will continue to rise; he stressed the cleaner-burning fuel is "our top priority with high potential for profit growth."
Even though natural gas is less carbon-intensive than coal, the overall rise in gas-burn in the power sector – amid competitive fuel economics – has made related pollution levels surpass those of coal. The EIA expects emissions from gas will be 10% greater than those from coal over the course of 2016.
Santos, Australia’s third largest gas producer, has spent billions to realise an LNG export project – but now it is struggling to pump enough gas and has to purchase expensive local supplies to feed its Gladstone LNG facility. Power producers down under, meanwhile are facing fuel shortages and call for restrictions on gas exports.
To tackle gas shortages and double generating capacity, the Ghanaian government aims to have at least one FSRU in place before the end of this year. Pointing at Ghana’s two main power hubs - one in the west, one in the east - energy minister John Abdulai Jinapor said ”nothing prevents us from putting in two LNG facilities [adjacent to both centres of power generation.]”
When launching its 2016 Future Energy Scenarios, National Grid asked shareholders about the impact of the Brexit vote. “The general view was that Great Britain would end up in a greener and more prosperous world in 2036 than we are in today,” it resuméd now, “but there would be a decade of either the environment or the economy suffering.”