Adrienne Blume, Editor
On the opening day of Gastech 2017, which took place in April in Tokyo, Japan, international energy leaders examined how gas suppliers are adapting to the changing global market. They also shared strategies for increasing the share of gas in the global energy mix.
ExxonMobil Gas and Power Marketing Co. President Robert Franklin commented on how the so-called “Golden Age of Gas” has evolved. Based on provisional 2016 data, natural gas demand growth has averaged 6.5%/yr since 2011; however, gas trade has expanded just 1.5%/yr since that year. Following this point, Total’s Patrick Pouyanné noted that, although producers may be in a bearish mood, a potentially very bright future exists for gas.
Shell’s Integrated Gas and New Energies Director, Maarten Wetselaar, outlined four critical agendas for the gas industry to address to ensure that gas reaches its full potential:
- Encourage policies that target CO2 emissions and air quality improvement
- Reduce costs and ensure competitive gas pricing
- Adopt a stringent approach to measuring, reporting and repairing methane leaks
- Diligently pursue new markets for gas.
Meanwhile, ConocoPhillips Chairman and CEO Ryan Lance touted recent developments in smaller-scale LNG that are making it a more competitive fuel. This smaller-scale, modular construction trend is also seen in the GTL industry, as discussed in this issue’s Executive Viewpoint from INFRA Technology, and in a worldwide GTL project update and review from Hydrocarbon Processing’s Editor/Associate Publisher. GP
Indonesia, home to 260 MM people on 14,000 islands across a vast archipelago, is estimated to become the seventh-largest economy in the world by 2030, with such growth expected to boost the nation’s energy consumption by 80% from present levels.<sup>1</sup>
At October’s HPI Forecast Breakfast for our sister publication, <i>Hydrocarbon Processing</i>, I shared <i>Gas Processing</i>’s forecast on change in the LNG industry.
In one of the toughest markets in the history of gas compression, we are challenged to deliver more with less.
The New LNG Imperative
The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.
November 29, 2017 10am CST
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