The Gastech 2018 conference will see an extended ministerial and global business leader dialogue session and strategic panel session, alongside 28 commercial sessions that will highlight the global outlook and shape the energy landscape for decades to come. The enhanced technical conference programme, featuring 65 sessions, will discuss and debate in detail the complete value chain from exploration and production through to distribution, highlighting new technologies and industry developments.
The Gastech 2018 exhibition is expected to be the biggest edition yet, with more exhibitors, visitors and exhibition features than ever before. With dedicated networking spaces, pavilions and industry zones, the show floor has been designed to provide your company with a high-traffic platform to showcase your latest products, services and technologies.
We look forward to welcoming you all to Gastech 2018 in Barcelona, Spain.
The Association of South East Asian Nations (ASEAN) celebrates its 50th anniversary this year. It consists of 10 countries, with a combined GDP of US$2.8 trillion, making it the 6th largest economy in the world.
In a recent IGU report it is estimated that close to 50 FSRUs could be in operation by 2025 with the capacity to import close to 200 mtpa, which was 60% of the world’s LNG production in 2016.
The Society of International Gas Tanker and Terminal Operators (SIGTTO) was formed as an international organisation to address common problems and derive agreed criteria for best practice and acceptable standards.
LNG supply is growing rapidly on the back of expanding production capacity and will increase by another 100 million tonnes or 35% by 2020. This expansion is changing market dynamics, and LNG producers are becoming more active in opening up new markets for LNG. FSRUs hold the key to unlocking the majority of such markets, because of the effectiveness of floating regasification solutions in terms of cost and time as compared to land based LNG import terminals.
LNG market as a buyer’s market
The FLNG market size for 2016 was valued at over US$10 billion and is set to exceed 300 mtpa by 2024, reported by Global Market Insights, with increasing demand for cleaner fuel driving the global growth.
The opinions expressed here are those of the author, a columnist for Reuters.
Graphic of China's LNG imports - view the table here.
Liquefied natural gas (LNG) is supposed to be a deeply over-supplied market, but it doesn't appear to be behaving as such in the major consuming region of Asia with strongly rising prices amid robust demand growth.
Thailand is set to import 36 mtpa of LNG by 2030, up from around 2.9 mtpa in 2016, as gas domestic production is set to decline rapidly after 2020, an official from the country’s Ministry of Energy told delegates at the Gas Asia Summit in October.
Enagás reported natural gas demand in Spain grew in September 2017, reaching 26,153 Gwh, the highest September value in the last five years. In the year to date, natural gas demand in Spain has risen by more than 9% owing to rising demand in the domestic-commercial and industrial sectors leaving Spain with an optimistic outlook for the gas industry.
Operating since 2007, Reganosa’s Mugardos terminal provides the system with a natural gas capacity of 3.6 bcm per year, which is around 14% of the Spanish natural gas demand. Most recently, the energy firm has announced the launch of its LNG hub project in the Northwest of the Iberian Peninsula; aiming to provide liquefied natural gas as a marine fuel to a wide range of clients.
Gas extraction and LNG projects offer challenges in developing and deploying robust and secure telecommunication infrastructure. Located in varying environments, these projects require a multitude of telecommunication infrastructure including fibre optics, radio frequency (RF), microwave, satellite and Wi-Fi. In addition, critical plant processes, environmental monitoring, regulatory reporting, cloud-based analytics and business networks which all reside on top of individual plant telecommunication infrastructure all forming part of this multifaceted network.
Looking at one of the largest projects in BP’s portfolio, the Southern Gas Corridor is one of the global gas industry’s most noteworthy undertakings yet. The planned infrastructure aims to improve the security and diversity of the energy supply within the EU by bringing natural gas from the Caspian region to Europe.
Disclaimer: The opinions expressed in this article solely reflect the views of the author, not of his organisation.
Warsaw is possibly the “best in class” in Europe regarding diversification of its energy supplies. The country which used to be heavily dependent on the single supplier – Russia - is currently able to receive more than 90 % of its imported gas supplies via reverse-flows from Germany or in the form of LNG.
The 2014 EU-wide stress tests established that a year-long Ukrainian transit shutdown does not result in any loss of load in most of the European continent, with the exception of some strongly affected countries in South Eastern Europe (SEE) – “a loss of load up to 26 bcm”. This is only 7% of EU’s total annual consumption but it is vital to 6-8 countries which are still dependent on a single (Russian) gas source at a ratio of between 65% and 100%.
As an ideal transition fuel, natural gas is well positioned to help meet environmental goals worldwide. Boasting lower carbon emissions than both coal and diesel, natural gas can meet demand for power generation and transportation while enabling consumers to meet carbon reduction targets. Natural gas infrastructure is already in place to serve demand throughout Europe and could store and transport volumes from even “greener” power-to-gas and biomethane projects, with little to no alterations.
With over 60 thousand commercial vessels active around the world, the market for LNG bunkering is vast and largely untapped. Panelists at the European Autumn Gas Conference (EAGC) in Milan last week discussed the opportunities and roadblocks surrounding the quickly materializing market for LNG as a maritime fuel. During the lively panel discussion, concern was voiced that infrastructure development and fleet conversions have stagnated as participants wait for counterparty entrance.
The 2017 European Autumn Gas Conference (EAGC) commenced last week with a day of insights from traders and analysts. Topics included market liquidity, LNG indexing, changes to the supply mix, environmental initiatives, and technological advances.
Gas will be an essential part of the future energy mix as the world moves to a low-carbon future; playing a significant role in reducing carbon emissions and air pollution, and being a secure, diverse and flexible energy supply.