Natural Gas News – January 24, 2020
U.S. LNG Booms As Natural Gas Prices Crash
Natural Gas Intel reported: Despite the current oversupply and depressed natural gas prices all over the world, the global liquefied natural gas (LNG) market is set for further growth, at least into the middle of this decade, as suppliers sanction new projects and major buyers ramp up imports. Last year, Australia beat Qatar to become the world’s largest LNG exporter, in one of the milestones in the industry in 2019, IHS Markit said in a new report. Yet, Australia will likely keep that title for just a couple of years, before the United States becomes the world’s biggest LNG producer in 2023. This development shows how the LNG industry has evolved over the past half-decade and how the surge in U.S. natural gas production and export capacity expansion is upending the market. For more on this story visit oilprice.com or click https://bit.ly/36mcBE0
The Rise of Distributed Natural Gas Generation
Power Magazine reports: The power sector has increasingly turned to various forms of distributed generation to meet growing power demands over the past several decades. Although solar PV and other renewable technologies receive most of the coverage, they represent only a fraction of the distributed market. Diesel generator sets (gensets) have long been the face of distributed generation. However, as a result of various factors, including increasingly stringent environmental regulations and cheap natural gas, the market is opening to other technologies. The main beneficiaries of this market shift are natural gas-powered technologies, such as natural gas gensets,
fuel cells, and microturbines, otherwise known as distributed natural gas generation (DNGG) technologies. Navigant Research, a Guidehouse company, expects the DNGG market to reach $6 billion in annual revenue and roughly 18,000 MW of annual capacity additions by 2028. The key market driver for DNGG technologies is demand for compact, resilient, dispatchable power—a phenomenon that has remained relatively constant for many decades. Overall, the demand for distributed reliable power is growing globally. For more on this story visit powermag.com or click https://bit.ly/2vkvgDi
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