Steep rise in the deployment and use of new Floating Regasification and Storage Units (FSRUs) – notably in Asia and sub-Saharan Africa – will substantially increase the supply of natural gas for decentralised power generation projects worldwide. From 2019 onwards, Energy Aspects anticipates the deployment of three to four new FSRUs per year, with a combined LNG import capacity of some 12-15mtpa, as “the maximum level of uptake.”
Worldwide markets for battery energy storage systems (BESS) are expected to grow exponentially due to its grid, generation, and consumer-side applications – reaching more than 14 GW by 2020, up from about 1.5 GW in 2015, according to GlobalData analysis. The United States is leading the BESS market followed by Japan, Germany and China.
Shell says its QGC joint venture in the Australian state of Queensland is to drill up to 161 additional wells - a move that enables further supply for both domestic customers and exports. The announcement comes just over a week after Australia’s Prime Minister Malcolm Turnbull threatened to curb LNG exports unless big producers did not provide more gas for the domestic market.