Natural Gas News – May 22, 2018
Natural Gas News – May 22, 2018
U.S. Liquefied Natural Gas Projects Buoyed by China Import Talks
Reuters reported: China’s interest in reducing its trade surplus with United States through increased energy imports could advance plans for U.S. liquefied natural gas (LNG) plants, said energy executives involved in developing new facilities. The White House and China on Saturday said a U.S. trade team would travel to China to explore new energy and agricultural deals. The joint communique lowered trade tensions, lifting stock markets in Asia and the United States on Monday. There are over two dozen proposed U.S. LNG plants waiting for customer commitments to reach a final investment decision, many of them looking to China for deals. About 13 percent of U.S. LNG cargos went to China last year, according to data provider Genscape. China imported 5.6 billion cubic feet per day last year, making it the world’s largest buyer after Japan. “We see it as a positive development,” said William Daughdrill, director of health, safety and environmental at Delfin Midstream. Its chief executive was in Asia last week pursuing customers, Daughdrill said. For more on this story visit reuters.com or click https://reut.rs/2x2xiYX
Battery Energy Storage on Verge of Competing with Natural Gas, But Questions Remain
Platts reported: The degree to which energy storage can compete economically with natural gas peaking plants is still being determined, but better price signals are needed to incentivize the most cost-effective reliability solutions regardless of technology, experts and analysts said Monday. As lithiumion battery prices come down and battery energy storage systems become more prevalent, some are beginning to question whether energy storage could be a cheaper, more efficient option for managing power grids than building natural gas-fired peaking power plants. Gas-fired peaking plants can be started up quickly when power demand spikes, but they usually do not run very often. For more on this story visit platts.com or click https://bit.ly/2J2qm3a
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