natural gas

EIA: US natural gas processing plant capacity increases

EIA estimates that between 2014 and 2017 natural gas processing capacity and processing throughput increased by around 5%, even as the number of individual plants reduced. Natural gas processing plant utilization rates stayed still at 66% from 2014 to 2017, but numerous states saw significant changes, largely reflecting changes in natural gas production across regions.

As of the end of 2017, 510 active natural gas processing plants were operating in the Lower 48 states with an overall processing...

https://safety4sea.com/eia-us-natural-gas-processing-plant-capacity-increases/

Oil to continue dominating transport sector

consumption by fuel
In its Energy Outlook for 2019, BP reports that the transport sector will continue to be dominated by oil, despite the increasing penetration of alternative fuels, and particularly electricity and natural gas.

Namely, in the Evolving Transition (ET) scenario, the share of oil within transport falls to around 85% by 2040, down from 94% that it is toady. In fact, natural gas, electricity and biofuels together account for more than half of the increase in energy used in transport, with each...

https://safety4sea.com/oil-to-continue-dominating-transport-sector/

Germany’s gas imports decrease in Nov, up in Jan-Nov 2018

Germany’s gas imports decreased by 9% in November 2018 in comparison to the same month in 2017, according to Reuters. Yet, imports during the first 11 months, from January to November, experienced an increase of 9% than the same period , a year earlier.

Specifically, the overall imports from January to Novermber 2018, reached the 3.99 million Terajoules or 113 billion cubic metres, as reported in trade statistics office BAFA, which releases data with a time lag.

Also, German importers paid 21.2...

https://safety4sea.com/germanys-gas-imports-decrease-in-nov-up-in-jan-nov-2018/

US LNG exports to China decreased due to trade war in 2018

The number of U.S. liquefied natural gas vessels that went to China in 2018 fell by around 20% from the prior year as the trade war between Beijing and Washington heated up. Yet, the trade war has been lessen because of talks between China and US, looking for a common ground, increasing the possibility of additional tariffs to be avoided, according to Reuters.

Mainly, the trade war happened really fast the last six months of 2018, resulting to only 6 LNG carriers beginning from the US to China....

https://safety4sea.com/us-lng-exports-to-china-decreased-due-to-trade-war-in-2018/

EIA: New electric generating capacity to occur from renewables and natural gas in 2019

According to EIA, 23.7 gigawatts (GW) of new capacity additions and 8.3 GW of capacity retirements are expected for the U.S. electric power sector in 2019. The additions are embodied by wind (46%), natural gas (34%), and solar photovoltaics (18%), with the remaining 2% consisting primarily of other renewables and battery storage capacity.

Specifically:

  • Wind

An overall of 10.9 GW of wind capacity is planned to be online in 2019. The majority of the capacity will come online at the end of the...

https://safety4sea.com/eia-new-electric-generating-capacity-to-occur-from-renewables-and-natural-gas-in-2019/

US natural gas increased in 2018

According to EIA, during 2018 the annual Henry Hub natural gas spot price increased to $3.16 per million British thermal units (MMBtu), up 15 cents from the 2017 average. The prices were risen gradually, with important increases on October and November, before experiencing a decrease in December.

Specifically, the growing US production and low temperatures during winter, resulted to a increasing demand on natural gas consumption on 2018.

Additionally, continued increases of U.S. natural gas...

https://safety4sea.com/us-natural-gas-increased-in-2018/

New record for US crude oil and natural gas proved reserves in 2017

According to EIA’s recent report ‘Crude Oil and Natural Gas Proved Reserves’, there is a continuous rise on shale and tight resources that drove proved reserves of both U.S. crude oil and natural gas to new records in 2017. Reserves of  U.S. crude oil increased 19.5% in comparison to 2016, whereas reserves of natural gas increased by 36.1% from the end of 2016.

As stated, there is a steady development of proved reserves on US crude oil and natural gas that exceeded the previous record of 388.8...

https://safety4sea.com/new-record-for-us-crude-oil-and-natural-gas-proved-reserves-in-2017/

First LNG fueling station opens in the Port of Barcelona

Spanish LNG company HAM Group, in cooperation with the Port of Barcelona and Portuguese energy firm Galp opened the first LNG fueling station within the port, to reduce emissions from port activities. The facility has two compressed natural gas pumps for trucks and vehicles, two liquefied natural gas pumps for trucks and a cryogenic LNG tank of 60 cubic meters capacity.

The facility will authorise the supply of LNG and compressed CNG to trucks and other means of transportation, supporting the...

https://safety4sea.com/first-lng-fueling-station-opens-in-the-port-of-barcelona/

Natural gas can be as bad for climate as conventional marine fuels, report says

According to a new report by the NGO Transport & Environment (T&E), using natural gas for transport is as bad for the climate as using petrol, diesel or conventional marine fuels.

The report considers the effects of leakage of methane, saying that fossil gas could increase GHG emissions by up to 9% or decrease them by a maximum of 12% across all transport modes. In shipping, the impact of LNG is close to that of marine gas oil, but these figures depen on engine methane slip and upstream leakage.

I...

https://safety4sea.com/natural-gas-can-be-as-bad-for-climate-as-conventional-marine-fuels-report-says/

Could LNG shipping spot rates hit $250,000/day?

Spot day charter rates for LNG carriers have hit their highest levels since mid-2012 on the back of low prompt availability of vessels in both the Atlantic and Pacific basins.

This week, S&P Global Platts assessed Pacific and Atlantic day rates for LNG vessels at $140,000/day and $130,000/day, respectively, up 40% since mid-September, and nearly 3.5 times higher than a year ago when rates were still around $40,000/day.

The surge in rates indicates that LNG supply is growing faster than new ships...

http://blogs.platts.com/2018/10/19/lng-shipping-spot-rates-hit-250000-day/

+ More