Natural Gas News – February 26, 2020
Japan Will Remain A Key Market For U.S. Liquefied Natural Gas
Forbes: Japan has been the world’s largest liquefied natural gas (LNG) importer for a very long time. Since U.S. LNG exports from shale started in February 2016, Japan has been its third largest importer, after South Korea and Mexico (Figure). U.S. LNG from Alaska to Japan though stretches back to 1969. The U.S. is set to become the world’s largest LNG seller within four years. On the surface, the upside for U.S. LNG to reach Japan seems limited. Japan is a saturated energy market with at best slow growing needs. Japan’s population is in “rapid decline.” Japan’s nuclear restart program and move back to more coal would expectedly lower the need for LNG. In fact, China is now slated to surpass Japan as the world’s largest LNG importer sooner than realized. Yet, Japan will remain a vital market for U.S. LNG, as existing contracts expire over the next decade. As an island nation long driven by energy security concerns, Japanese buyers have been leading in contract innovation. For more on this story visit forbes.com or click https://bit.ly/397l28g
RadMax Technologies, Inc. Commences Natural Gas ExpanderGenerator Power Generation Field Trials
Yahoo Finance reports: The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary RadMax Technologies, Inc. (RadMax) are pleased to confirm initial field testing is underway for a RadMax prototype positive displacement natural gas expander-generator (RXG) at a natural gas producer development partner’s well site in the Southwestern USA. The two kilowatt RXG is being evaluated on its ability to economically and reliably generate power under harsh wellsite conditions to be used for reducing methane emissions from existing pneumatic controllers, and to provide electrical power for site operations. Planned larger RXG units will also allow for the commercial sale of excess “green” generated power through the grid system. Testing is expected to continue through most of 2020 with different capacity and configuration RXG units installed at additional well sites. Results from these tests are expected to result in commercially available natural gas RXG products up to 500 kW in 2021.For more on this story visit finance.yahoo.com or click https://yhoo.it/2PsVo60.
