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
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.
Maximize Profitability with Advanced Analytics at Natural Gas Processing Plants
Incorporating economic data into process modeling is key to optimizing operations and maximizing profits at gas processing plants. However, maintaining optimal operations are often challenging due to changing market dynamics, contract structures and increasing process flexibility. Today, gas processors are leveraging Predictive Control and First Principles models to accurately determine and control the optimal operating targets in real time based on the most current plant conditions and profitability, optimizing recovery of natural gas liquids. Learn how real-time analytics, combined with decision support tools, empower companies to:
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May 22, 2018 10am CDT