Available Exclusively to NGW Subscribers:
Volume 2, Issue 6 - September 7, 2020
If you are an NGW Subscriber you can access LNG Condensed here.
LNG Condensed brings you independent analysis of the LNG world's rapidly evolving markets.
Covering the length of the LNG value chain and the breadth of this global industry, it will inform, provoke and enrich your decision making. Published monthly, LNG Condensed provides original content on industry developments by the leading editorial team from Natural Gas World.
LNG Condensed is your magazine for the fuel of the future.
In this Issue:
Editorial - LNG: Seeking A New Market Equilibrium
There is nothing like low prices to cure low prices. The prospect of an over-supplied LNG market for the next two to three years is giving policy makers and LNG importers the confi dence to move ahead with demand building projects.
LNG Carriers Targeted By Gulf Of Guinea Pirates
The thorny problem of piracy in the Gulf of Guinea has fl ared up since late 2018, with LNG carriers considered attractive targets by pirate gangs. The level of piracy in the region has fl uctuated since it fi rst emerged in 2008, but it has experienced more pirate attacks than anywhere else in the world since the Somali pirate problem was brought under control by massive international intervention. The attacks have highlighted the wider global problem of piracy against LNG tankers.
Bangladesh: New Realism, New Opportunities
While Bangladesh off ers very substantial LNG import potential, interest has been tempered by concerns over the diffi culties of operating there. However, recent developments suggest some of the obstacles may be becoming less onerous, and a growing disenchantment with coal-fi red generation and slow growth in renewables suggests the opportunities for LNG are substantial.
Gas Technologies And Net Zero Carbon
Almost all net zero pathways require gas dependent technologies such as hydrogen production, carbon capture, utilisation and storage and renewable gas. A recent report by the International Gas Union — Gas Technology and Innovation for a Sustainable Future — highlights the economic potential of gas in reducing energy poverty and achieving sustainable development goals. But to do so, the IGU says, support is required for pre-commercial technologies and deployment.
Country Focus: United Kingdom
LNG imports to the UK surged last year and total gas imports are expected to rise at least until 2030, owing to a steady decline in domestic gas production. Future gas use will be increasingly dependent on imports, with the balance between LNG and pipeline supplies determined largely by price. Further out, UK gas demand depends critically on the policies adopted by government to reach net zero carbon by 2050. A pathway in which carbon capture and storage plays a large role supports gas and therefore LNG demand, but other policy pathways could, in theory, eradicate natural gas use almost entirely.
Project Spotlight: Energia Del Pacifico
The Energia del Pacifi co LNG-topower project at Acajutla will reduce El Salvador’s dependence on fuel oil and diesel for power generation, lowering greenhouse gas emissions in the process. In addition to providing grid stability, the $1bn project—the largest ever private investment in the country—should also help to reduce the country’s electricity imports.
Technology: LNG Bunkering Is Becoming A Global Phenomenon
LNG bunkering is gaining critical mass as more vessels are converted to run on the fuel and more ports provide LNG refuelling services.