The US Energy Information Administration reported that the US natural gas consumption rose by 3% in 2019, achieving a record of 85.0 billion cubic feet per day (Bcf/d). The increase was due to new natural gas-fired electric capacity and lower natural gas prices.
On 27 February, a keel-laying ceremony for Russia’s first LNG powered passenger vessel was held at the shipyard of Zelenodolsk Plan. In fact, the Russian-based Gazprom headed by Vyacheslav Mikhalenko, Member of the Management Committee, Head of Department, took part in the keel-laying ceremony for the “Chaika LNG”.
The US Energy Information Administration (EIA) in its latest February Short-Term energy outlook, estimates that the Lower 48 states’ working natural gas in storage will end in 2019-2020 winter heating season, at 1.935 billion cubic feet, meaning 12% more inventory in comparison to the previous five-year average.
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.
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