The Energy Information Administration recently issued its Annual Energy Outlook 2020 (AEO2020) highlighting that the total US dry gas production will continue growing until 2050, giving a boost to the US exports of natural gas to the shipping market globally.
Titan LNG, the Dutch service supplier of liquefied natural gas, completed its first ship-to-ship liquefied natural gas bunkering in the port of Antwerp. It is said that the chemical tanker Ramelia received LNG from Titan’s FlexFueler 001 barge at the SEA-Tank terminal. The vessel, owned by company Älvtank from Sweden, is the sixth vessel delivered to the LNG powered product tankers fleet of the Gothia Tankers Alliance.
According to the LNG engineer Clough, the Port Moresby Power Station (POM Power Station) officially opened its doors. Namely, the natural gas fueled station is located in Papua New Guinea and considered to be the first ever utility-scale gas engine project in the region.
Following the launching ceremony of TurkStream gas pipeline several days ago, the Russian company Gazprom informed that successfully supplied its first billion cubic meters of gas through the pipeline. For the records, TurkStream links the gas transmission systems of Russia and Turkey.
The U.S. Energy Information Administration’s (EIA) U.S. Crude Oil and Natural Gas Proved Reserves, Year-End 2018 report, informs that U.S. oil and natural gas proved reserves had another record-breaking year. Specifically, in 2018, U.S. crude oil and lease condensate production increased 583 million barrels (17%) from 2017’s production level, and imports of crude oil decreased 73 million barrels (-3%) from 2017’s import level. U.S. natural gas production increased 12% (3.7 Tcf) in 2018, and natural gas imports decreased 5% (144 Bcf) from the 2017 level.
EIA marks 2019 as the year with the lowest natural gas prices for the past three years, as although monthly average natural gas prices at most key regional trading hubs in 2019 reached their highest levels in February, and they were relatively low and stable from April through December.
The Presidents of Russia and Turkey officially launched the TurkStream gas pipeline in a ceremony that took place on 8 January, in Istanbul. TurkStream, laying 930 km in the Black Sea, is a link between the gas transmission systems of Russia and Turkey.
According to Al Jazeera, the European market hangs in the balance as the US take aim at Russian-Turkish energy alliance. Greece is now proving to be a test case of the power of liquefied natural gas (LNG) to get market share, while the US is taking notice by the boosting US LNG sales to Europe.
The demand for natural gas in Spain has closed with an estimated 14% increase in 2019 compared to last year, reaching 398 TWh, the highest figure since 2010, according to data provided by Spanish LNG terminal operator Enagas.
The Energy Information Administration (EIA) issued its Natural Gas Annual report for 2018, addressing that the US set a new record in natural gas production, consumption and exports that year. US natural gas increase was seen mostly in the Appalachian, Permian, and Haynesville regions.
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