A glut of LNG supplies in the coming years as new liquefaction projects come online at global level might lead to increased coal-to-gas switching in European markets, a recent paper by the Oxford Institute for Energy Studies (OIES) suggested.
Feb 21 - Engie, Fluxys, Mitsubishi Corporation, and NYK have taken delivery of the world’s first purpose built liquefied natural gas bunkering vessel (LBV) from Hanjin Heavy Industries & Construction at the Yeongdo shipyard in Busan, Korea.
Zeebrugge in Belgium will be the home port of the vessel.
From there, the 5,000 m3 LNG capacity LBV will supply LNG as a marine fuel to ships operating in Northern Europe, Engie said.
French gas grid operator has lifted the supply alert for LNG supplies at the Fos-sur-Mer terminal this week, on the back of milder temperatures and increasing LNG deliveries, after a situation of bottleneck partly due to tight LNG supplies had affected South-East of France at the end of January.
Natural gas in the form of LNG is expected to continue playing a key role in Japan's energy mix in the future, despite some forecasts suggesting a decrease in consumption is to be expected compared to current levels, according to a senior official at major utility Tokyo Gas.
The situation of congestion in the South-East of France seen at the end of January had somewhat eased in the first week of February, amid temperatures rising to more milder levels that what seen earlier, according to grid operator GRTGaz.
Feb 1 - LNG exports out of the Algerian terminal of Skikda have resumed since January 26, after they had stopped in December due to technical issues.
The restart allowed Sonatrach to send to France “the additional LNG loads requested by Engie” the CEO Amine Mazouzi was quoted by media reports as saying.
Earlier in December, French grid operator GRTgaz had warned of a short gas system in the South-East of France, due to a cold snap. Requests of additional volumes from Algeria however could not be met due to the stoppage at Skikda.
Jan 27 - Dresser-Rand, part of Siemens power and gas, has commissioned its first micro-scale natural gas liquefaction system at the Ten Man liquefied natural gas (LNG) facility in Pennsylvania, US.
The modular, portable LNG technology enables distributed production of LNG and can be installed in a short period of time to meet local demand for LNG, Siemens said.
“This cost-effective solution, developed by the Dresser-Rand business, allows the operator, Frontier Natural Resources, to monetize stranded gas assets at Tenaska Resources LLC's Mainesburg field” located in the Marcellus shale play, it said.
Gas security at global level might be less solid than what perceived, on the back of LNG markets being “less flexible than is commonly believed” a new report fro the International Energy Agency found.
Nov 2 - Centrica has signed a deal with US-listed GasLog to charter a new-build, 180,000 cubic meter, liquefied natural gas (LNG) carrier for seven years starting in late 2019.
The delivery of the GasLog vessel is expected to coincide with first commercial delivery of the Centrica supply contract to purchase an annual volume of 91,250,000 mmbtu (89 billion cubic feet) LNG for export from the Sabine Pass liquefaction plant in Louisiana in the United States, the company said.
The contract is for an initial 20 year period, with a 10 year extension option, and is on a ‘Free on Board’ (FOB) basis, giving Centrica full destination rights for the cargoes.
Gas demand in South America is expected to grow by some 50 billion cubic meters to 2030, reaching 191 Bcm on the back of increased energy demand and renewable production, which will call for flexible thermoelectric back up generation to balance the system.
However, the potential for the region to significantly develop its LNG market remain uncertain, and very much linked to weather scenarios in the region.
It's what emerges from a report on “South America gas markets and the role of LNG” by Anouk Honore, published by the Oxford Institute for Energy Studies.