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.
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.
Ahead of Gastech 2018, Gastech Insights spoke to Commercial Governing Body Member, Katan Hirachand, Managing Director – Energy Project Finance Group at Société Générale to hear more about the evolving global gas industry and the new ways projects are financed.
Gastech Insights: What are the new frontiers for global natural gas & LNG?
It has been projected that by 2020, North America will become energy self-sufficient and maintain its position as the world’s largest natural gas producing region; and as LNG grows seven times faster than pipeline gas trade, LNG may account for half of globally traded gas by 2035.
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.
At the fifth edition of Gas Asia Summit & Exhibition (GAS) 2017 which took place last week in Singapore, buyers and sellers delved into the future direction of the global gas & LNG trade including the following key dynamics.
While gas markets are currently well supplied, the transformation of natural gas markets from regional systems to more globalised and interdependent markets is creating new security challenges, according to the International Energy Agency's latest assessment of global gas security.
Cedigaz’s report “India’s vision to a gas-based economy: drivers and challenges” - India’s natural gas supply and demand outlook is changing. The Government of India (GoI) wants to make India a gas-based economy ‘by boosting domestic production and buying cheap LNG’.
As reported by Shell’s LNG Outlook 2017, the future LNG demand growth will be driven by: policy, floating storage regasification units (FSRUs), replacing declining domestic gas production, small-scale LNG and transport. As natural gas is fundamental to the energy transition, companies are welcoming FLNG, which have a smaller environmental footprint.
With a close proximity to Asia, vast reserves and a stable and supportive political environment, Canada has a real opportunity to be a world leader in global LNG supply. Despite challenges, the IEA predict that the global energy demand will increase by 30% between 2016 and 2040; allowing the Canadian gas industry to sieze the opportunity.
LNG is growing seven times faster than pipeline gas and as such, by 2035, it will account for around half of globally traded gas. It has been predicted that the US will be responsible for 40% of the world’s extra gas production by 2022 (IEA) as well as being on course to challenging Qatar and Australia for global leadership among LNG exporters.
In order to encourage pilot projects for the exploration and exploitation of shale gas in Pakistan and to make such discoveries commercially viable, the following special incentives are recommended for pilot projects testing and production phases:
1. Award of Concession License
In order to expedite exploitation of shale gas and keeping in mind the current licensing regime, it is suggested that the competent authority may grant (case to case basis) special concession for exploration and production of shale gas as provided below: