A generational west coast gas shakeup looms

2021 ◽  
Vol 61 (2) ◽  
pp. 405
Author(s):  
Saul Kavonic
Keyword(s):  
Natural Gas ◽  
Government Policy ◽  
West Coast ◽  
Status Quo ◽  
Domestic Market ◽  
Liquefied Natural Gas ◽  
The Status ◽  
Gas Market ◽  
Western Australian ◽  
Policy Targets

From record high prices, a decade ago, to record low prices more recently, Australia’s west coast gas market is heading towards a structural shakeup that will challenge the status quo for producers, buyers and policymakers. The Western Australian (WA) gas market has been soft recently but is poorly understood, and prices may materially tighten this decade in wake of uncertain new supply timing, liquefied natural gas (LNG) producer recalcitrance towards domestic market, lack of new discoveries (outside Perth Basin), upward pressure on US gas pricing and government policy flexibility towards the emergence of LNG ullage. We believe a bifurcated WA gas market could emerge, whereby policy targets cheap gas to underpin new manufacturing, while existing gas buyers are left to compete against much higher LNG netback parity pricing.

The east coast gas market explained: analysis of the gas market supply and demand dynamics

2018 ◽  
Vol 58 (1) ◽  
pp. 11
Author(s):  
Joshua Stabler
Keyword(s):  
Structural Change ◽  
Natural Gas ◽  
Government Policy ◽  
Electricity Market ◽  
East Coast ◽  
Supply And Demand ◽  
Market Transition ◽  
Liquefied Natural Gas ◽  
Economic Consideration ◽  
Gas Market

The Australian east coast gas market is experiencing arguably the most disruptive structural change since its inception, with the completion of the 25.4 mtpa Curtis Island Liquefied Natural Gas (LNG) facilities and the introduction of a fourth pillar to the market for domestic gas. However, this disruption was not in isolation and coincided with substitutional interactions with the electricity market already dealing with transition. This report develops context for the natural gas market, establishes the four major avenues of markets and then investigates eight fundamental supply and demand dynamics that are influencing the market in an interconnected fashion. The report concludes that all participants of the gas market must address the multiple dynamic drivers including economic consideration, government policy and regulatory engagement to avoid disorderly market transition.

Fire-Fighting Design of Gasification Station for Liquefied Natural Gas

2012 ◽  
Vol 512-515 ◽  
pp. 2505-2508
Author(s):  
Wei Zheng
Keyword(s):  
Natural Gas ◽  
Site Selection ◽  
Status Quo ◽  
Liquefied Natural Gas ◽  
Fire Fighting ◽  
Building Structure ◽  
Safety Measures ◽  
Safety Devices ◽  
Design Specifications ◽  
The Status

This article refers to the status quo of liquified natural gas (LNG) in China, the anylisis of LNG’s risks, and the discussion of fire-fighting design specifications related to LNG gasification stations at home and abroad. In this text, safety measures are also proposed being aimed at the fire-fighting design of gasification station in the aspects of site selection, overall layout, building structure, safety devices, electric instruments, fire-extinguishers and fire-fighting strategy etc.

Liquefied natural gas as a priority direction for the development of the Russian fuel and energy complex

2021 ◽  
pp. 71-78
Author(s):  
И.В. Стадник
Keyword(s):  
Natural Gas ◽  
Foreign Market ◽  
Domestic Market ◽  
Liquefied Natural Gas ◽  
New Markets ◽  
Natural Gas Market ◽  
Energy Complex ◽  
Priority Direction ◽  
A Priority ◽  
Gas Market

С каждым годом рынок сжиженного природного газа стремительно развивается и выходит на новые рынки. Российский СПГ не только реализуется на внешнем рынке, но и преобладает на внутреннем. В стране работают одни из крупнейших в мире заводов по производству СПГ. Россия стремится развивать это направление, планируя занять одно из лидирующих позиций среди стран-производителей сжиженного природного газа. Every year, the liquefied natural gas market is rapidly developing and entering new markets. Russian LNG is not only sold on the foreign market, but also prevails on the domestic market. The country has one of the world's largest LNG production plants. Russia is striving to develop this direction, planning to take one of the leading positions among the countries producing liquefied natural gas.

Central-Eastern Europe will compete for new LNG market

2018 ◽  
Keyword(s):  
Natural Gas ◽  
Eastern Europe ◽  
Liquefied Natural Gas ◽  
Content Type ◽  
Natural Gas Market ◽  
Eu Member States ◽  
Central Eastern Europe ◽  
The North ◽  
Central Eastern ◽  
Gas Market

Subject LNG in Greece, Croatia and Poland. Significance Liquefied natural gas (LNG) terminals and interconnectors are part of the north-south natural gas corridor advocated by EU member states in Central-Eastern Europe (CEE) as a means to reduce dependence on Russia. Impacts The LNG project in Greece could slow down Croatia's plans to build an LNG terminal off the island of Krk. Access to cheap US gas via LNG is transforming the natural gas market worldwide. Cheaper gas may facilitate the transition from coal and increase the share of renewables across the region.

ASSESSING THE POTENTIAL OF KEY EXPORTERS IN THE GLOBAL LIQUEFIED NATURAL GAS MARKET

2020 ◽  
Vol 1 (3) ◽  
pp. 39-48
Author(s):  
A. A. SHCHEGOL’KOVA ◽  
Keyword(s):  
Natural Gas ◽  
Economic Analysis ◽  
Large Scale ◽  
Global Market ◽  
Liquefied Natural Gas ◽  
Transport Infrastructure ◽  
Graphical Methods ◽  
Analysis Calculation ◽  
Key Drivers ◽  
Gas Market

The article provides an analysis of the global market for liquefied natural gas (LNG), which revealed the key drivers of changing market dynamics. The development and prospects of large-scale gas projects of the main LNG exporting countries are shown. The potential of key LNG exporters, prospects for the development of the global LNG market has been assessed. Research and analysis of trends in the global LNG market were carried out using statistical methods of economic analysis: calculation of averages, indices; creation of ranks of dynamics; Summaries, groupings of economic indicators; Graphical methods of research were also used. The article assesses the prospects of Russian producers in the global LNG market from the perspective of diversification and modernization of gas transport infrastructure.

FEATURES OF CURRENT ECONOMIC ENVIRONMENT OF GLOBAL LIQUEFIED NATURAL GAS MARKET

2020 ◽  
Vol 5 (12) ◽  
pp. 153-163
Author(s):  
A. A. SHCHEGOLKOVA ◽  
◽  
◽  
Keyword(s):  
Natural Gas ◽  
Large Scale ◽  
Driving Forces ◽  
Liquefied Natural Gas ◽  
Economic Environment ◽  
The Arctic ◽  
Resource Base ◽  
Natural Gas Market ◽  
Gas Market ◽  
The Impact

The subject of this article is the economic environment of the global liquefied natural gas (LNG) market. The article assesses the development trends in the global liquefied natural gas market, identifies the key driving forces of the global LNG market, analyzes the existing contractual models in the global LNG market. The study uses a general scientific methodology that provides for a systematic, comprehensive approach to assessing the current economic situation in the global LNG market. A significant array of statistical data and factual material on the global LNG market was analyzed, the results of the research were obtained using statistical methods of economic analysis. As a result, the author conducted an analysis of the trends in the global LNG market, which made it possible to identify the key driving forces behind changes in market dynamics. The dynamics and structure of the global LNG market for the period 2015–2019 have been investigated. An assessment of Russia's position in the global LNG market is given. The impact of the "coronacrisis" on the global LNG market has been studied. The development and prospects of large-scale gas projects of the main LNG exporting countries are shown, the influence of the price environment on the implementation of LNG projects is investigated. It is revealed that geopolitical factors have become decisive in the formation of the world energy policy. The possible impact of the legislative expansion of the resource base of the Arctic territories on the growth of production and export of Russian LNG has been determined. It is concluded that the strategic goal of Russia's energy geopolitics is to modernize the existing export model of LNG for the long term. Modernization of the existing energy export strategy will strengthen the country's competitive position in the global LNG market, thereby becoming the basis for Russia's regional presence in the Arctic, where the main increase in LNG capacity is expected.

Zur Kartellbildung im Gasmarkt: Status quo und Perspektiven

2010 ◽  
Vol 59 (2) ◽  
Author(s):  
Carsten Sander
Keyword(s):  
Natural Gas ◽  
Status Quo ◽  
Natural Gas Market ◽  
The Past ◽  
The Media ◽  
Gas Market ◽  
Collusive Behaviour

AbstractIn the past few years the idea of a potential cartel in the natural gas market has emerged and was hyped in the media. Recently, the main producing countries under the leadership of Russia have built a formalized organisation to strengthen cooperation. Since then, regular meetings of the Gas Exporting Countries Forum (GECF) have taken place. Especially in Europe, where import dependency will rise within the next decades, the stronger coordination has amplified the already existing fears of collusive behaviour. A closer look, however, reveals numerous obstacles that make a full-fledged cartel controlling prices by setting production quotas rather improbable at this time. Nevertheless, producers’ attempt for more coordination should not be ignored.

Modelling and Simulation of a Natural Gas Liquid Fractionation System Using Aspen HYSYS

2020 ◽  
Vol 49 ◽  
pp. 1-14
Author(s):  
John Olusoji Owolabi ◽  
Olatokunbo Olatunbosun Kila ◽  
Abdulwahab Giwa
Keyword(s):  
Natural Gas ◽  
Fossil Fuels ◽  
Liquid System ◽  
Liquefied Natural Gas ◽  
Huge Amount ◽  
Associated Gas ◽  
Aspen Hysys ◽  
The Status ◽  
Agricultural Applications ◽  
Liquid Fractionation

The global use of natural gas is growing quickly, and this is attributed primarily to its environmental advantage over fossil fuels such as crude oil and coal. This natural gas is usually flared in refineries because extra charges would be incurred in collecting and processing it. A country flares about 800 million standard cubic feet (Mmscf) of gas per day, from approximately 144 gas flare points across the nation, losing a huge amount of money per annum. A liquefied natural gas plant has converted about 5.58 trillion cubic feet (Tcf) of associated gas to exports as liquefied natural gas and natural gas liquids (NGLs), thus helping to reduce gas flaring from upstream companies. Natural gas liquids (NGLs) are major contributors to this economic benefit through petrochemical feedstock for industrial purposes, fuel for residential, commercial and agricultural applications, in addition to using other products as propellant, refrigerant and gasoline blending. To contribute to the technology of natural gas liquid system, in this work, a fractionation system has been modelled and simulated using Aspen HYSYS to determine the status of processes involved and the compositions of the NGLs. The results obtained revealed that each of methane, ethane, propane, iso-butane and n-butane could be successfully separated with high purity from natural gas feed stream. Also, it was observed from the validation carried out on the developed model of the system, which was ascertained by its operations that were in line with the theoretical principles of separation involved in the plant, that it can be used for further analyses of the system.

Sign in / Sign up

Export Citation Format

Share Document