Storage
Natural Gas Storage Offers Big Opportunities And Big Complexities
Although natural gas has not received the favorable attention given to renewable energy sources in federal energy policy, it continues to prove itself as a clean and reliable domestic energy source. The positive outlook for domestic natural gas production demonstrates this. The U.S. Energy Information Agency (EIA) says domestic natural gas production in 2009 was the highest since 1973, and proved reserves of natural gas have grown significantly in the last several years.
GTI and Zeus Development Publish New Encyclopedia of World LNG Industry
Gas Technology Institute (GTI) and Zeus Development Corporation have published the fifth edition of the World LNG Source Book, the most comprehensive report on global LNG facilities. This resource provides detailed information on more than 125 LNG baseload export and import terminals worldwide, including those that are operating and under construction.
Bigger Dry Seals for Super-Size LNG Compressors
The increased global demand for liquefied natural gas (LNG) is having a significant impact on companies that both produce and supply equipment to this market, resulting in rapid advances in machine design, capacity and efficiency. In the LNG process, natural gas is converted to liquid form, making the gas easier to store and transport. When the LNG is needed for use, it is regasified and distributed as pipeline natural gas.
Costs Of Building, Operating Oil & Gas Facilities Bottoming Out
The costs of building and operating upstream oil and gas facilities — which fell drastically in Q1 2009 after a prolonged period of escalation — hit bottom and were beginning to show signs of an upward trend at the end of Q1 2010, according to two cost indexes developed by IHS Cambridge Energy Research Associates (IHS CERA).
Inergy Midstream Carving Gas Storage Niche In Marcellus
As we all know by now, it’s the midstream sector of the natural gas industry that is driving forward much of the activity in America’s energy sector, fed by the tax advantages offered through master limited partnerships. They come in all sizes, shapes and mixtures of businesses, which can often change on a moment’s notice or at an executive’s whim.
Recovering Nations Counting On LNG For Critical Fuel
The value of internationally traded LNG that can be efficiently stored and transported by ships is expected to grow by an average of 17% per year from $73 billion in 2009 to over $180 billion in 2015.
Coriolis Mass Flowmeters Used To Measure Bulk Condensate In Gas Field
Natural gas production creates a byproduct of natural gas liquids (or NGL), often referred to as “condensate.” The physical properties of condensate vary with the hydrocarbon constituents and differing fluid vapor pressures depending on the deposit at the location from which they are drawn. This constituent variation and the presence of water or natural gas in the flow stream discharge from the separator compromises the integrity of the measurement.
Excelerate Completes 42nd Ship-to-Ship Transfer
Excelerate Energy L.P. reports that it has now completed more than 40 LNG STS operations, transferring more than 5 million cubic meters of LNG.
Unconventional LNG To Assume Limited Role
Unconventional LNG will play a limited role in the future of the liquefied natural gas (LNG) industry, comprising just 5% of total LNG supply in 2020, according to a consultant’s report. In a video presentation to delegates at LNG16 in Oran last month, Frank Harris, head of LNG Consulting for Wood Mackenzie, reflected on the heightened interest in unconventional LNG supply projects.
Worlds First Gravity-Based LNG Terminal Supplies Gas To Italy
In October 2009, Adriatic LNG placed the world’s first gravity–based LNG terminal into service. Adriatic LNG is a joint venture between Qatar Terminal Limited (45%), a 100%-owned Qatar Petroleum subsidiary, ExxonMobil Italiana Gas (45%) and Edison SpA (10%).
GE Energy Invests $150 Million In Mississippi LNG Terminal
GE Energy Financial Services announced March 31 that it is investing $150 million to acquire Houston-based investor Crest Group’s 30% interest in the fully contracted $1.1 billion Gulf LNG Energy terminal under construction in Mississippi.
Big Oil Faces Global Competition From National Oil Companies
Until recently, nationalized oil companies (NOCs) posed a competitive threat to international oil companies (IOCs) only in their home countries. However, a number of factors have now converged to prompt once-isolated NOCs to expand their reach on a global scale.
Southern Unions Trunkline LNG Infrastructure Enhancement Project Placed In-Service
Southern Union Company announced March 15 that it received approval from FERC to place its Trunkline LNG Infrastructure Enhancement Project (IEP) into service.
Papua New Guinea OKs LNG Project Agreement
Houston-based InterOil Corp. announced Dec. 10 that the National Executive Council (NEC) of Papua New Guinea approved plans for construction of an LNG plant.
Sailing Into Unknown Waters: A New World Order For Natural Gas?
It only seems like a short time ago that oil prices were over $100 a barrel, natural gas prices in the U.S. and UK were high, spot LNG cargoes into the Far East were priced at over $20 per MMBtu and experts in the energy industry were mainly concerned about whether the world could afford the high prices.
RasGas LNG And ExxonMobil Train 6 Inaugurated In Qatar
Even though “First Drop” had occurred on July 31, 2009, the official inauguration of the RasGas LNG and ExxonMobil Train 6 in Qatar was not held until Oct. 27 to coincide with RasGas LNG’s Tenth Anniversary in the LNG industry.
Prices down, supply up: Natural gas cost bounces predicted in North America
Wood Mackenzie released an update on the North American natural gas outlook Nov. 20, with a grim prognosis for the future of natural gas prices through 2011.
Worlds First Offshore Gravity-Based LNG Terminal Near Venice
In a pioneering application for the global liquid natural gas (LNG) industry, GE Oil & Gas technology is powering the world’s first gravity-based offshore LNG terminal 10 miles offshore from the town of Rovigo, near Venice, on Italy’s north east coast.
Are Investors Prepared To Capture The Opportunity Of LNG That Emerges From The Recession?
Despite the global financial crisis which has led to a fall in energy demand and prices, the market for liquefied natural gas (LNG) is expected to regain its steep growth trajectory in the mid and long terms.
Salt Cavern Gas Storage Facility Planned For Central Utah
Magnum Gas Storage, LLC, says it is working to firm up support for a project to construct the first large-scale, high-deliverability, multi-cycle salt cavern natural gas storage facility in the western United States.
GE Oil & Gas Awarded $400 Million Contract for Australia's Gorgon Natural Gas Field
GE Oil & Gas announced Oct. 22 that Chevron has awarded the company a competitive bid to deploy advanced LNG technology for the development of the Gorgon natural gas field.
AMEC Awarded FEED Contract For Australian Project
Inpex has awarded AMEC Engineering a front-end engineering and design (FEED) contract for the Ichthys Gas Field Development offshore facilities.
Sakhalins LNG Plant And Its Implications
In February 2009, Russia and Japan opened the liquefied natural gas (LNG) plant at Sakhalin II, thereby inaugurating Russia’s first LNG producing plant. This important Russian achievement has significant consequences for Moscow’s energy policy in the Far East and potentially beyond that to include Europe and possibly North America.
LNG Movement Not Slowing Down
Movement on the LNG front is certainly not abating with agreements concerning LNG projects taking the spotlight in Iran, China, Japan and Indonesia.
Global Subsea Sector Market Expenditures To Top $80 Billion
Infield Energy Analysts recently released its 2009-2013 forecast for the global subsea sector. According to the report, total five-year global subsea sector expenditures (subsea equipment and drilling and completions) will exceed US$80 billion. This is up from US$46 billion in the previous five years.
Forecasts Of World Onshore Pipeline Market Through 2013
The World Onshore Pipelines Market Report 2009-2013, from industry analysts Douglas-Westwood, considers the prospects for this global market and values the future markets through to 2013.
Is The Gulf Coast Gas Storage Development Surge Heading For Boom Or Bust?
Current tightness in U.S. natural gas supply-demand fundamentals has generated a tremendous interest among developers, marketers/traders and the financial community to develop, contract for, and finance storage projects in the U.S. - particularly high deliverability salt dome storage in the U.S. Gulf Coast (USGC).
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
