Demand for US LNG is likely to remain depressed in the near future
Global economic slowdown has led to reduced demand for LNG produced in the US. As a result, LNG exports from the country are likely to remain low in the near future, says GlobalData, a leading data and analytics company.
Haseeb Ahmed, Oil and Gas Analyst at GlobalData, comments: “Significantly low prices of gas along with an LNG supply glut has pushed companies to revisit their capex spends on upcoming multi-billion-dollar gas projects.
In March 2020, Royal Dutch Shell exited the proposed Lake Charles LNG export project in Louisiana. Sempra Energy is unwilling to take financial decisions pertaining to the Port Arthur LNG terminal due to current market challenges, which is likely to push the start of the project by a year to 2024.”
LNG exports from the US witnessed an overall declining trend during the period Jan – Jun 2020 in the wake of the COVID-19 pandemic. The US Energy Information Administration (EIA) estimates that about 46 cargoes were cancelled in June 2020 and about 50 cargoes were canceled the following month, hugely hitting the liquefaction capacity utilization in the US.
Ahmed concludes: “Even though the economic outlook showed glimpses of recovery, the sporadic nature of the pandemic was weighing down growth prospects of the LNG sector in the country. Moreover, EIA forecasts that utilization of LNG liquefaction facilities in the US would average around 35% in the coming months when seasonal LNG demand tends to be low.”
Modern society would not be possible without the use of pipelines to transport natural gas, crude oil and finished products to demand centers.
Optimizing Gas Distribution: Accounting for Changeovers, Regulators, and More
Gas distribution systems are critical to the effective operation of many industrial facilities around the world. Despite the importance of these systems, however, opportunities to improve their performance and cost-effectiveness are often missed or misunderstood. Increasing changeover pressure may seem like a good way to improve system flow, for example, but it often does so at the expense of bottled gas. Adding regulators may help you control supply pressure, but it also adds cost to your system. So, how do you know what the ideal gas distribution setup is for you?
Attend this webinar to:
- Gain a basic understanding of the fluid dynamics that affect pressure control in gas distribution systems, learning to interpret flow curves and recognize phenomena like lockup, droop, and supply pressure effect (SPE)
- Learn how inlet pressure affects regulator performance and when to specify certain regulator types and configurations to effectively control gas system pressures
Understand the inherent trade-offs between gas utilization and flow capacity and how to select both the right changeover pressure and automatic changeover panel design for your operations.
May 4, 2021 10:00 AM CDT