natural gas

TurkStream gas pipeline officially launched

The Presidents of Russia and Turkey officially launched the TurkStream gas pipeline in a ceremony that took place on 8 January, in Istanbul. TurkStream, laying 930 km in the Black Sea, is a link between the gas transmission systems of Russia and Turkey.

Except from Vladimir Putin, President of Russian Federation and Recep Tayyip Erdogan, President of Turkey, also attending the event were the leaders of Serbia and Bulgaria.

The gas pipeline has two strings with a combined throughput capacity of...

https://safety4sea.com/turkstream-gas-pipeline-officially-launched/

2019 marks the lowest natural gas prices in the past three years

EIA marks 2019 as the year with the lowest natural gas prices for the past three years, as although monthly average natural gas prices at most key regional trading hubs in 2019 reached their highest levels in February, and they were relatively low and stable from April through December.

Specifically, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $2.57 per million British thermal units (MMBtu), about 60 cents per MMBtu lower than in 2018 and the lowest annual...

https://safety4sea.com/2019-marks-the-lowest-natural-gas-prices-in-the-past-three-years/

Greece is crucial for US plans to sell more natural gas to Europe

According to Al Jazeera, the European market hangs in the balance as the US take aim at Russian-Turkish energy alliance. Greece is now proving to be a test case of the power of liquefied natural gas (LNG) to get market share, while the US is taking notice by the boosting US LNG sales to Europe.

Al Jazeera advises that now two geostrategic energy alliances are crossing swords over southeast Europe and the eastern Mediterranean.

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On one side it is the Russian-Tur...

https://safety4sea.com/greece-is-crucial-for-us-plans-to-sell-more-natural-gas-to-europe/

Natural gas demand in Spain marks highest figures since 2010

The demand for natural gas in Spain has closed with an estimated 14% increase in 2019 compared to last year, reaching 398 TWh, the highest figure since 2010, according to data provided by Spanish LNG terminal operator Enagas.

This increase has been mainly attributed to a high demand of natural gas for electricity generation and for greater industrial consumption.

The demand for natural gas for electricity generation has grown by around 80% in 2019 compared to 2018, reaching 111 TWh, also the...

https://safety4sea.com/natural-gas-demand-in-spain-marks-highest-figures-since-2010/

US natural gas production, consumption, exports achieve record in 2018

The Energy Information Administration (EIA) issued its Natural Gas Annual report for 2018, addressing that the US set a new record in natural gas production, consumption and exports that year.

Credit: EIA

US electric power sector consumption of natural gas grew by 14% in 2017, more than in any other end-use sector. The electric power sector has been shifting toward natural gas in the past decade because of favorable prices and efficiency gains.

Specifically, in 2018 US’s natural gas production...

https://safety4sea.com/us-natural-gas-production-consumption-exports-achieve-record-in-2018/

Wes Amelie the first vessel to partially operate on synthetic natural gas

MAN Energy Solutions and Wessels Marine GmbH have announced a technical showcase where the 2017-retrofitted ‘Wes Amelie’, a 1,036-TEU feeder container ship, will use liquefied SNG (Synthetic Natural Gas) produced from renewable electrical energy as drop-in fuel.

To demonstrate that SNG can successfully be used as shipping fuel, 20 of the 120 tons of LNG that the Wes Amelie typically uses per round trip will be replaced by climate-neutral SNG. As a result, CO2 emissions are expected to fall by 56...

https://safety4sea.com/wes-amelie-the-first-vessel-to-partially-operate-on-synthetic-natural-gas/

Greece could become a bunkering hub in the east Med.

The 2019 Global Gas Report focuses on today’s gas trends, on the key factors that explain the recent developments and what will be the future outcomes in the global gas sector; Thus, the report analyzes the advantages of natural gas in Europe and highlights how European countries take advantage of it to achieve their sustainability goals.

The natural gas has seen an unprecedented development in the recent years with more countries and sectors adopting greener methods. Both natural gas production...

https://safety4sea.com/greece-could-become-a-bunkering-hub-in-the-east-med/

Natural Gas Inventories Surpass 5 Year Average After Two Years

According to EIA’s Weekly Natural Gas Storage report the working natural gas inventories in the Lower 48 states reached 3,519 billion cubic feet (Bcf) for the week ending October 11, 2019, exceeding the previous five-year average since September 22, 2017, says an article published in Safety4Sea.

Week injections surpassed 100 Bcf

Specifically, the weekly injections in three out of the four weeks surpassed 100 Bcf, or about 27% more than typical injections for that time of year. 

  • The inventories on...

http://mfame.guru/natural-gas-inventories-surpass-5-year-average-after-two-years/

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