Adrienne Blume, Editor
Large-scale production of shale gas in the US, which began around the turn of the century, is now feeding US exports in the form of LNG. The US is anticipated to become the world's third-largest exporter of natural gas by 2020. During that year, the country could send out as many as 8.3 Bcfd of gas, or approximately 14% of the global export volume. A significant portion of this supply will come from shale gas.
The US is also proving itself a key gas exporter with its flexibility and attractive pricing. At the end of 2016, a tanker carrying LNG from the US to Asia was sharply rerouted to unload in Mexico. Importers are seeking more cargoes on short notice, for the best available price. These dynamics could encourage the formation of an LNG spot market, similar to oil, further shifting LNG trade toward a more short-term picture.
At the 2017 CERAWeek by IHS Markit, which took place in Houston, Texas in early March, executives from both gas importing and exporting companies called for contract flexibility, destination flexibility and oil-independent pricing schemes for LNG. Also, smaller companies are anticipated to become increasingly involved in global LNG trade.
IHS Markit expects LNG demand growth to expand by 10% to 15% by 2040, representing an even faster pace of growth than global gas consumption. A significant chunk of the supply needed to meet this burgeoning growth will come from US shale gas production, as addressed in this month's special focus. GP
The small-scale GTL (SSGTL) and small-scale LNG (SSLNG) sectors are gaining ground, providing alternative sources of power generation and transportation fuel in remote regions and areas not connected to major gas pipeline routes.
Gas Processing and Hydrocarbon Processing are pleased to announce that as of August 2017, Gas Processing will be distributed along with both Pipeline & Gas Journal and Hydrocarbon Processing.
Novatek, Russia’s largest independent natural gas producer, plans to invest up to $11 B in the large-scale Arctic LNG 2 project. The project involves the construction of an LNG plant on the Gydan Peninsula—a geographical feature of the Siberian coast of the Kara Sea.
ADIP ULTRA: ADIP-X Reimagined
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Shell Global Solutions International BV (Shell) is launching the improved process technology ADIP ULTRA, for cost-effective removal of CO2 down to <50ppmv. The ADIP ULTRA process is applicable in gas plants, LNG, pre-NGL, refinery HMUs and gasification syngas.
•Discover how looking back at decades of ADIP and ADIP-X operational experience has led to the cost effective ADIP ULTRA process
•Understand how Shell’s new absorption column internals can further enhance process performance
•Learn how Shell is a reliable partner of choice who helps you get the most out of your unit
•An opportunity to ask questions to Shell’s technical experts
May 9, 2017 9am UTC
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