Development of a clear climate framework and a global emissions target is essential if $48-53 trillion for a new sustainable energy infrastructure is to be delivered, according to a new report from the World Energy Council.
The findings are discussed in the fifth edition of the energy leaders’ dialogue series, the World Energy Trilemma Report, ‘Priority actions on climate change and how to balance the energy trilemma,’ released by the World Energy Council and project partner Oliver Wyman, along with the Global Risk Centre of its parent Marsh & McLennan Companies.
Drawing upon the insights of over 2,500 industry leaders and policymakers from across the globe, the report reveals the urgency with which energy sector leaders view the need for negotiators to agree on a climate framework and a global target for greenhouse gas emissions. Such a target, clearly defined and monitored, would enable the industry and finance sector to unlock investment and facilitate the transition to a sustainable energy future, according to the report.
Fluor Consortium Wins Contract for Natural Gas Development in Brazil
Fluor Corporation’s Brazil unit was part of a consortium awarded a contract by Parnaíba Gás Natural (PGN) for engineering, procurement and construction (EPC) of a natural gas field development project in the state of Maranhão. The Brazil-based consortium includes Fluor, Construcap CCPS Engenharia e Comércio and CFPS Engenharia e Projetos S.A. (CFPS).
The consortium will be responsible for the EPC of an 8.5 MMcf/d gas-gathering system in the Gavião Branco field as well as a pipeline that will transport the gas to an existing production and treatment facility located at the Gavião Real field.
Chevron/CPC Complete Caspian Pipeline Expansion
Chevron, in partnership with the Caspian Pipeline Consortium (CPC), completed the first increase in incremental capacity of its 935-mile CPC Pipeline earlier this year – the primary route for exporting crude from the company’s Tengiz, Korolev and Karachaganak fields in Kazakhstan to a marine terminal in the Russian Black Sea port of Novorossiysk.
This milestone is part of a $5.4 billion expansion project for the CPC pipeline, which almost doubles the capacity with an additional 670,000 bpd by 2016. This incremental capacity will help meet growing infrastructure needs along the heavily traveled route from the Tengiz Field to Novorossiysk.
During 2013, the CPC pipeline, which also serves other producing fields in Kazakhstan and Russia, transported an average of 706,000 bpd from Atyrau, Kazakhstan, to Novorossiysk. The pipeline will increase its capacity in stages before ultimately reaching 1.4 MMbpd in 2016.
“This year, all of us – CPC, our partners, shareholders and shippers – have seen the positive business impact of almost three years of expansion activity,” said Chevron’s Dennis Fahy, first deputy general director, CPC Operations.
The CPC expansion project includes rehabilitation of five existing pump stations along with construction of 10 additional pump stations (two in Kazakhstan and eight in Russia). The project also includes constructing six 26-million-gallon storage tanks near the existing four tanks in Novorossiysk, and replacing 55 miles with a larger-diameter pipeline in Kazakhstan.
Technip Wins Contract for 1,055-Mile Peruvian Pipeline
Tipiel S.A., Technip’s subsidiary in Colombia, was awarded a lump-sum contract by Consorcio Constructor Ductos del Sura for front-end engineering design and detailed engineering design for a gas pipeline to transport gas from the Camisea field to southern Peru.
Launched by the government, the project consists of 1,055 miles of 32-inch gas pipeline. The overall work will be performed by Tipiel’s offices in Bogota, Colombia. The contract value is under €50 million.
Anadarko Selects Contractor for Mozambique LNG Development
Anadarko Petroleum Corp. on behalf of the co-venturers in Mozambique’s Offshore Area 1, and after a competitive FEED (front-end engineering and design) process, selected a consortium consisting of CB&I, Chiyoda Corp. and Saipem (CCS JV) for development of the onshore LNG park in Mozambique.
The scope of the work for the onshore LNG park includes two LNG trains, each with capacity of 6 mtpa. It includes two LNG storage tanks, each with capacity of 180,000 cubic meters, condensate storage, multi-berth marine jetty and associated utilities and infrastructure.
Fossil Fuel Dependence to Propel Demand for Carbon Capture
Technavio has published a new report on global carbon capture and storage market, which is expected to grow at a CAGR of around 32% from 2015-19. It said fossil fuels should account for 67% of global electricity generation by 2020.
“Carbon-abatement technologies such as carbon capture and storage are gaining prominence in mitigating the adverse effects of carbon emissions, and these technologies are expected to positively impact the application of fossil fuels during the forecast period,” said Faisal Ghaus, vice president of Technavio.
The report emphasizes the growing prevalence of carbon capture and storage as an emerging “clean” technology playing a key role in reducing greenhouse gas emissions. Integrated gasification combined cycle (IGCC) plants equipped with carbon capture and storage technologies are proving to be cost-effective and profitable in terms of efficiency, capacity, and return on investment.
Market scope and calculation of market size from 2015-2019 is also covered in the report. For information, visit www.technavio.com.
Macedonia Caught in East-West Pipeline Tug-Of-War
While Macedonia may be considered the best place for constructing the Turkish Stream pipeline to ship gas from Gazprom to Europe by bypassing Ukraine, there may be problems ahead.
According to an Oilprice report, Macedonia has faced competing pro- and anti-government demonstrations sparked by a wiretapping scandal said to involve murder and election trickery. This appears to worry Moscow because it may lead to Macedonia’s Prime Minister Nikola Gruevski being ouster in favor of a pro-Western prime minister.
Gruevski is on record as opposing Western sanctions on Russia for its role in the Ukraine conflict, and supporting the Turkish Stream pipeline planned by Russia, which would carry Gazprom’s fuel through Turkey then the Balkans – probably including Macedonia – to Russia’s European Union customers.
Russia’s Foreign Affairs Minister Sergei Lavrov, has been quoted as saying that “the Macedonian events are blatantly controlled from the outside” in order to reject Turkish Stream and opt instead for a Western alternative, the Trans-Anatolian Pipeline (TANAP), which is being built from Azerbaijan through Georgia and Turkey to Europe.