Natural Gas News – April 30, 2019
Natural Gas News – April 30, 2019
Chile Lifts Coal Imports, But Limited By Rising Natural Gas Supplies
S&P Global reported: Chile’s coal imports jumped over 40% in February to over 1.3 million mt, a report from the National Energy Commission showed Monday. Chilean power generators have sharply increased imports of thermal coal to make up for limited hydroelectric supplies in the country’s power market. But the fuel appears to be losing ground to natural gas. Chile imported 1.363 million mt of thermal coal in February, the latest month for which data is available, up 42.2% from the month of last year and up almost threefold from the previous month of Januar, the report showed. The increase in imports follows a rise in demand for coal from Chile’s power industry to compensate for the drop in the availability of hydropower following the dry Southern Hemisphere summer. Coal accounted for 37% of electricity sold on Chile’s main SEN grid in March, up from 27% five months earlier, while hydropower fell from 47% to 22% over the same period. For more on this story visit spglobal.com or click https://bit.ly/2WcBTzT
Abu Dhabi Weighs Multi-Billion Dollar Gas Pipeline Deal
Bloomberg reported: Abu Dhabi National Oil Co. is seeking to raise billions of dollars from its natural-gas pipelines, months after the state-owned explorer got a $4 billion investment in its oil infrastructure assets, according to people familiar with the matter. Adnoc, as the company is known, is speaking to financial advisers about bringing in international investors for the pipelines, which could help raise $5 billion or more, one of the people said, asking not to be identified as the matter is private. Adnoc is yet to hire banks for the plans and talks are in the early stages, the people said. The company may structure the investment so bidders lease assets for a period of time, similar to February’s oil-infrastructure deal with KKR & Co. and BlackRock Inc., the people said. For more on this story visit bloomberg.com or click https://bloom.bg/2ZKjMDE
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