Nat Gas News – September 24, 2018

Nat Gas News – September 24, 2018

Crews To Replace 48-miles of Natural Gas System in 60 Days

Engineering News Record reported: Eight days after a massive gas explosion upended Lawrence, Andover and North Andover, Massachusetts, officials announced an ambitious 60-day schedule to replace 48-miles of natural gas pipeline and related infrastructure. Officials said 2,000 meters could be brought back to full service in the next two weeks and that they plan to complete the entire reconstruction by Nov. 19. “Everyone’s top priority is safety,” Gov. Charlie Baker said during a Sept. 21 press briefing. “The team has devised a plan to meet all levels of safety and that is intended to quickly and efficiently complete each step.” The Sept. 13 explosions were caused by extra pressure coursing through a gas pipeline, according to the National Transportation Safety Board (NTSB), which says its full investigation into the cause of the incident could take up to two years. The explosion set 80 buildings on fire, killed one person, injured several others and displaced scores of people who are now left without natural gas heading into the winter season. For more on this story visit enr.com or click https://bit.ly/2pxeWZz

World Oil Demand, Refining Growth to Peak in 2035: Unipec

Reuters reported: World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below 100 million bpd currently, as new technologies gradually eat into oil use, China’s Unipec said on Monday. Improved energy efficiency and technological changes, including the rise of renewables, meant global oil demand growth would slow in coming years before peaking in 2035, Unipec President Chen Bo told the annual Asia Pacific Petroleum Conference (APPEC). This in turn will slow growth in global oil refining capacity, which is set to hit 5.6 billion tonnes per year in 2035, he said. “We believe 2018-2035 will be the last cycle of global refining capacity expansion. After 2035, it is difficult to see large-scale refining projects in construction, except for some small upgrade projects and petrochemical projects,” said Chen. For more on this story visit reuters.com or click https://reut.rs/2pwg9R1

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