LNG

The Winter issue of LNG Industry magazine contains a regional report on the current place of LNG in the European energy mix. Here we present some of the highlights of the report.

GE Oil & Gas powers the world’s first offshore gravity-based LNG terminal.

As we near the end of 2009, all the energy sectors are starting to show signs of recovery, from nuclear power to renewables, this can be seen in the upsurge in project commissioning.

At its annual Pipeline Integrity Seminar (PIMS), Nace International will focus on how pipeline owners and operators can take advantage of the new PHMSA 80% Rule for pipelines.

A report has suggested that alternative energy systems will not be able to completely replace fossil fuels, and a major rethink on the dynamics of the modern world is required to adjust to the changing situation.

A new report from the Pacific Research Institute (PRI) explores 10 common myths about energy in America. The aim of the report is to put accurate information into the public domain that might inform those who will be involved in marking up the Clean Energy Jobs and American Power Act in the US Senate.

The credit crunch and an uncertain market have hit the global LNG industry, which had been steadily growing during the period 2003 - 08. LNG demand (a function of natural gas demand) is low across the globe, yet it is set to pick up post 2012 and rise until 2015.

The natural gas transmission pipeline industry in Australia is active and vibrant with opportunities for investment in further pipelines and pipeline infrastructure as this demand grows.

The power sector has undoubtedly been hit hard by the global credit crunch. The good news is though, that we are now seeing some positive signs of recovery, with the sector beginning to slowly bounce back with more money being invested in new projects.

Australia, with 24 currently active and future LNG projects, could become the second largest LNG producing nation in the world by 2015, according to the International Energy Agency.

The oil and gas sector in South America holds tremendous potential, with at least 110 billion bbls of oil, 272 trillion ft³ of gas and over 250 billion bbls of recoverable bitumen. But that potential often remains elusive for many countries.

Increased difficulties in obtaining utility right-of-way and the concept of utility corridors have brought pipelines into close proximity with electric power transmission/distribution systems. Metallic objects subjected to the alternating electromagnetic field will exhibit an induced voltage. Also, power conductor faults to ground can cause substantial fault currents in the underground structure.

OPITO – The Oil and Gas Academy, is focusing on attracting skills and talent to the oil and gas industry, through its ‘Energise Your Future’ event, which took place at this year’s Offshore Europe in Aberdeen.

Joint ventures focused on unconventional natural gas opportunities and related capability transfer will require effective governance to be successful.

Ongoing government plans to develop CCS technology reflect growing awareness that coal is essential to the future energy mix.