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.
MAN Energy Solutions and Wessels Marine GmbH have announced a technical showcase where the 2017-retrofitted ‘Wes Amelie’, a 1,036-TEU feeder container ship, will use liquefied SNG (Synthetic Natural Gas) produced from renewable electrical energy as drop-in fuel.
The 2019 Global Gas Report focuses on today’s gas trends, on the key factors that explain the recent developments and what will be the future outcomes in the global gas sector; Thus, the report analyzes the advantages of natural gas in Europe and highlights how European countries take advantage of it to achieve their sustainability goals.
According to EIA’s Weekly Natural Gas Storage report the working natural gas inventories in the Lower 48 states reached 3,519 billion cubic feet (Bcf) for the week ending October 11, 2019, exceeding the previous five-year average since September 22, 2017.
The value of natural gas flared by 80 different nations around the world has increased by 11% to hit a global peak this year of $16.4 billion, according to data intelligence firm Brainnwave. This is attributed to the dual effects of the rising price of natural gas and the increased volume of gas flared.
In the most recent Energy Transition Outlook, DNV GL presents its timeline of the next 30 years of the energy transition, which shows many astonishing milestones. Namely, the one of the key takeaways of the timeline is the peak of energy supply and demand, but there are other significant milestones as well. According to the timeline oil will peak at 2022, while 4 years later transport energy demand will peak.
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