Chancellor Merkel Wants More US LNG in Germany

LNG Tanker

LNG Tanker

Germany would be all set to buy more liquefied natural gas (LNG) from the United States, according to the international daily newspaper, Wall Street Journal (WSJ). Continue reading

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Shell Ready to Buy Total in Hazira LNG

Hazira LNG

Credit: Hazira Port Pvt. Ltd.

Royal Dutch Shell’s subsidiary Shell Gas BV has signed a pact to buyout Total Gaz’s stake to the tune of 26% in Hazira LNG and Port in Gujarat. Continue reading

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Shell Targets Near-Zero Methane Emissions By 2025

Credit: Shell

Royal Dutch Shell plc (Shell) (NYSE: RDS.A) recently announced its intention to achieve a target to maintain the emissions of methane intensity below 0.2% by 2025. Methane, a potent greenhouse gas when limited would help curb carbon emissions. And, the target set by Shell would also cover all oil and gas assets for which it is the operator.

Shell would join the bandwagon with British rival BP, which had set a similar goal last year. And, also join Exxon Mobil who had announced its plans to reduce methane emissions by 15% by 2020.

Methane is released into the atmosphere due to the burning of excess gas, which is known as flaring. The release of gases is also attributed to leaks in gas infrastructure like wells, pipelines, and pumps. The gas creates more greenhouse impact than carbon dioxide, even though the oil and gas industry produces less methane and added to the fact that gas has a shorter lifetime. Mark Radka, Head of UN Environment’s Energy and Climate Branch reiterated that methane was a potent greenhouse gas, but it had a relatively short lifetime in the atmosphere.

In the context of measuring the methane target, it would be calculated against a baseline leak rate, which is currently estimated at the range from 0.01% to 0.8% across the company’s oil and gas assets. Meanwhile, the Anglo-Dutch company set out an ambitious plan in 2017 to halve its carbon emissions by 2050, which would exceed its rivals. And, Maarten Wetselaar, Shell’s Integrated Gas & New Energies Director stated it was a further demonstration of their continued focus on tackling greenhouse gas emissions. He added that such efforts were a critical part of Shell’s strategy to thrive during the global energy transition by providing more and cleaner energy.

Meanwhile, after the signing of the 2015 U.N. supported Paris climate agreement that sought to curb emissions to zero in order to limit global warming by the end of the century, it has been observed that climate change and emissions that are caused by burning fossil fuels have transitioned to the forefront of discussions between the energy companies and the investors.

Ben Ratner, Director at Environmental Defense Fund, U.S-based non-profit climate advocacy stated in this context that the race to near-zero methane emissions was on. He added that company leadership on methane would not stop with setting targets. And, follow through with good data and transparency was vital.

Meanwhile, Shell’s methane emissions reached around 123,000 tonnes in 2017, accounting for around 5% of its total greenhouse gas emissions.

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Egypt’s Natural Gas Output Rises to 6.6 Bcf Per Day

Zohr gas field

Credit: Eni

The natural gas output of Egypt has recently risen to 6.6 billion cubic feet per day (bcfd). The rise is contributed to an increase in production at Egypt’s Zohr offshore gas field in the Mediterranean. Continue reading

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Chinese Tariffs on LNG Hits US LNG Export Wave

Sabina Pass Liquefaction

Sabina Pass Liquefaction. Credit: Cheniere Energy, Inc.

Chinese new tariffs on liquefied natural gas and crude oil on $60 billion worth of US imports could hit the energy market. US and China could be caught in a trade war, at a time when the US is all set to grow their energy export prowess. Continue reading

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South Korea to Cut Taxes to Support LNG-fired Power Generation

Korea Gas Corporation

Credit: Korea Gas Corporation

South Korea is all-poised to cut taxes on liquefied natural gas (LNG) to the tune of 74% and increase taxes on thermal coal for power generation by nearly 27% in 2019. The cuts are an effort to cut the country’s heavy dependence on coal for power production and gradually shift towards gas. Continue reading

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Canada Producers’ Survival Of Low-Cost U.S. Gas Dependent On LNG Exports

LNG Tanker

LNG Tanker

The focus on liquefied natural gas (LNG) exports could curb the Canadian production slump, which has lasted for over a decade, and in retreat from the competition by low-cost U.S. supplies. In the context, the Canadian Energy Research Institute (CERI) predicted that the national total output would reduce by 15% to 15.4 Bcf/d over the next 20 years. The development could see a turnaround with the Pacific coast LNG terminal projects attaining breakthroughs into construction. Continue reading

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Taiwan’s CPC Announces Buying LNG From Cheniere

Sabine Pass Terminal

Sabine Pass Terminal. Credit: Cheniere Energy, Inc.

Taiwan’s CPC Corp., a major LNG importer and state-owned producer of oil, natural gas, and gasoline, recently announced that it had reached a preliminary deal to buy liquefied natural gas (LNG) from US based LNG producer, Cheniere Energy Inc. under a 25-year sale and purchase agreement (SPA). Continue reading

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Are Methane Leaks Offsetting the CO2 Benefit of Natural Gas?

 Exxon Mobil Refinery in Baton Rouge, Louisiana,

Exxon Mobil Refinery in Baton Rouge, Louisiana. Credit: CC/WClarke

The American oil and gas industry is leaking nearly 60% higher than the government estimates, according to a new peer-reviewed study. The highlights of the study give a clear picture of the climate impact of natural gas, and as methane is a powerful greenhouse gas, the news is not encouraging for climate change. Continue reading

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Argentina Plans Exporting Natural Gas To Chile By End of 2018

Natural Gas pipeline.

Natural Gas pipeline. Credit: Creative Commons/Glen Dillon

Argentina is all set to export natural gas to its neighbouring country, Chile, before the end of 2018. The development was reiterated by the energy ministers of both the countries recently, in the backdrop of the output from the Vaca Muerta shale field increasing. Meanwhile, Minister of Energy, Argentina, Juan Jose Aranguren, stated that it was probable that they would continue to import regasified LNG from Chile in the winter to meet its peak demand. Continue reading

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