Spurred by rising gas demand from the electric power sector, industry and LNG exporters, US dry natural gas production is forecast to rise by an average of 80.4 billion cubic feet per day (Bcf/d) in 2018, up 6.9 Bcf/d or 9.3% on the 2017 level which would be the highest increase on record, according to EIA figures. A more moderate 3.2% rise of 2.6 Bcf/d is expected for 2019.
Summit Power International (SPI), Singapore, has awarded a 15-year contract to PSA Marine, to provide a floating LNG storage and regasification unit (FSRU) in Bangladesh. This project is part of SPI's $1 billion investment programme to deliver 1,000-MW of power and gas in Bangladesh.
Ramping up Egypt’s giant Zohr offshore gas field as well as the West Nile Delta gas projects will transform the Middle Eastern country from an importer to an exporter of natural gas and LNG. Cheap domestic supply will also advance the role of gas-fired power plants in Egypt’s energy mix.
Taiwan Power Company (Taipower) has issued a Request for Expression of Interest (REOI) with the aim of securing its first LNG supply deal to source fuel for a proposed 2,600-MW gas-fired power plant. Taipower stated it is seeking to purchase between 1.8 mtpa and 2.4 mpta over a 15-year period, starting from 2023.
Chart Industries, the US-based LNG equipment and technology supplier, has made its third acquisition in less than a year by buying Skaff Cryogenics & Cryo-Lease. Headquartered in Brentwood, New Hampshire, Skaff repairs and remanufactures cryogenic and gas storage tanks and trailors.
Chart Industries’ latest compact LNG regasification station is now fully operational in Mexico, bringing natural gas to fuel an off-grid power station. The regas project is a first for the country, Chart pointed out, and mimics a familiar fuel model that is already in use for diesel or propane.
China National Petroleum Corp (CNPC) has said it started to divert almost 7 million cubic metres of natural gas from the southern province of Guangdong to northern China to ease gas shortages. The government’s 5-year plan, mandating power and heat generation in cities around Beijing to be led by natural gas instead of coal, has left northern China short of fuel at the time of a cold snap.
Natural gas consumption in the US has increased 27% this week, propelled up by an 18% demand rise from the power sector as a cold weather front moved across the country. In the Northeast, where cold weather persisted throughout the week, prices jumped at the Algonquin Citygate which serves consumers in Boston and at the Transcontinental Pipeline Zone 6 trading point for New York.
What’s in your fuel, and how to get the most out of it? Gas Power Technology Journal visited Wärtsilä in Vaasa, Finland to talk with its specialist team, responsible for developing new systems and tools to analyse fuel composition and behaviour. Through careful analysis, Wartsila’s multi-disciplinary Fuel Laboratory Services team can adapt engines to run more efficiently on whatever fuel is available – from the most exotic biofuels to unpredictable mixes of different gases. The team makes a difference to thousands of gas and liquids-fuelled engines and this impact keeps growing the more fuels are tested and approved for usage.
Demand for natural gas in Spain has reached a record 1,670 GWh on December 4 – the highest level seen in the past six years. Outage of one nuclear plant, combined with low wind power availability, propelled up gas demand from the power sector; but Enagas expects demand will rise further as the winter progresses.