Fluctuation in power supply to the grid amid rising renewable penetration has been increasing the need for black-start generators. Analysts expect this market will grow at a rate of 3.8%, up from an estimated $1.24 billion this year to $1.50 billion by 2021.
Strong seasonal gas demand this winter for power generation and heating, along with high spot LNG prices in Asia and Europe, are forecast to push up US LNG export volumes. Utilization at Sabine Pass is projected to remain well above 90% in winter 2017–2018, the US Energy Information Administration (EIA) anticipates.
In the South of the United States the intensity and speed of gas replacing coal in the power mix has been greater than anywhere else in the country. Over the course of the past ten years, southern states used natural gas for 42% of their electricity generation – substantially more than the U.S. average of 34% – while the share of coal power plunged to 29%.
Mitsubishi Hitachi Power Systems (MHPS) has just disclosed that customers in Asia, the U.S., Mexico and South America have technically selected the M501JAC for their projects 26 times, representing over 14 GW of new power projects. MHPS's new JAC-class turbine has unprecedented statistics – 99.5% reliability while approaching 65% efficiency.
Advances in additive manufacturing and combustion breakthroughs have helped GE Power achieve 64% efficiency in combined-cycle application at its largest gas turbine – the 9HA.02. This rate, according to the manufacturer, is “higher than any other competing technology today.”
The gas-oil ratio in North Dakota’s Bakken region, one of the most prolific US shale plays comprising the Bakken and Three Forks formations, has been gradually shifting towards natural gas. While oil production slowed over the past three years, gas production continues to rise and reached a record high of 1.94 Bcf/d in August 2017, or the energy equivalent of about 334,000 b/d of crude oil.
Exports of natural gas from the United States to Mexico – both by pipeline and shipments of LNG cargoes – have reached an all-time high of just under 7.8 Bcf/d this week, following record high Lower 48 gas production at around 77 Bcf/d at the start of the week. Amid healthy fundamentals, it will now by weather patterns that determine winter gas trading patterns and volumes of US gas exports.
Nov 28 – The Gas Exporting Countries Forum (GECF), also known as Gas OPEC, has condemned unilateral economic sanctions by the US against some members of the group, notably Russia, Iran and Venezuela. The GEFC condemned such sanctions that are not authorized by the United Nations “as a weapon against other nations.”
The US oil major ExxonMobil has joined a group of eight International Oil Companies (IOCs), led by the European majors Shell and BP, to jointly put forward proposals to curb methane emissions from upstream operations, notably shale gas fracking. For Exxon, this is the first time the company joins an environmental initiative alongside industry peers.
As persistent overhang in global gas supplies reduces state revenues, energy ministers from Qatar, Iran, Russia and Venezuela are gathering at this week’s Gas Exporting Countries Forum (GECF) in Santa Cruz, Bolivia. The question is how GECF countries – often referred to as the Gas OPEC – should react to the rampant US gas exports which has adopted a price-setting function on global spot LNG markets.