Texas LNG, the export project under development in Brownsville, has confirmed it is taking part in a two day U.S. presidential trade mission to China that started today. Led by U.S. Secretary of Commerce Wilbur Ross, the mission is intended to help promote U.S. exports to China which is why top executive from General Electric, Honeywell and Westinghouse, amongst others, are also accompanying the President.
Pemex, Mexico’s national oil company, has made the biggest onshore find of oil and associated natural gas in 15 years in the eastern state of Veracuz. The find near the Ixachi-1 well, believed to hold some 1.5 billion barrels of oil equivalent, will help reduce Mexico’s reliance on importing LNG and pipeline gas from the United States.
Uncertainty about future battery technology, government policies, consumer preferences make it difficult to predict the long-term effects that both battery electric and plug-in hybrid vehicles (EVs) may have on worldwide energy consumption. In 2015, sales reached 1.2 million worldwide which is less than 1% of all vehicles used globally, but this level could almost double by 2040, according to EIA analysis.
Whitehall’s recently published Clean Growth Strategy has highlighted a desire to build and extend heat networks across the UK. Helping to turn this aim into reality, AECOM, commissioned by the Energy Technology Institute (ETI), has mapped eight solutions that could result in a capital cost reduction of up to 40% for heat networks in the UK, saving up to £30 billion of investment.
India is at the forefront of the shift toward a profitable renewables industry in Asia, as the country’s solar belt has the potential to supply an estimated 749 GW of power generation capacity. In 2017, solar tariffs in came in lower than what it costs India’s largest utility NTPC to produce electricity from coal.
Making use of its regained powers to certificate pipelines, the US Federal Energy Regulatory Commission (FERC) has approved five new natural gas pipelines in the Northeast in October, the first projects to be approved since February. FERC regained its quorum in August after the Senate confirmed two new commissioners – Neil Chatterjee and Robert F. Powelson.
More active drilling rigs and higher initial production rates per well in the Haynesville Shale region have pushed up marketed gas production to 6.9 billion cubic feet per day (Bcf/d) in September. This marks a new high for Haynesville shale gas production after output hovered around 6.0 Bcf/d for the previous three years, according to figures by the US Energy Information Administration (EIA).
US Energy Secretary Rick Perry sees Sub-Saharan Africa as a new export market for America’s growing shale gas production. At the Africa Oil Week in Cape Town, Perry discussed with government officials from the Ivory Coast, Nigeria and South Africa about the potential to use US LNG as a fuel for decentralized power plants in a bid to improve electrification levels.
Consumption of natural gas in China is anticipated to tripple to reach 57 billion cubic feet per day (Bcf/d) by 2040, and emboldened buyers are turning to spot LNG as the cheapest supply option except for the winter months. “PetroChina and CNOOC are actively purchasing spot in addition to their contracted volumes,” says Wen Wang, senior consultant, Asia gas and power, Wood Mackenzie. Sinopec has already ventured in to gas trading, she told Gas to Power Journal, signalling it out as “the only company that are diverting cargoes among the three NOCs.”
Spanish manufacturer Himoinsa, together with its distributor in Romania, All Generating, has opened a new logistics warehouse in Ilfov, Bucharest. The market volume for electrical generators in Romania is currently estimated at 20 million euros, and Himoinsa said its new warehouse can also serve customers in Romania, Serbia, Bulgaria, Albania, Slovakia, Moldova and Croatia.
US officials in the Trump administration have issued a presidential permit for the controversial Valley Crossing Pipeline as part of an international pipeline project. With a capacity of 2.6 Bcf/day, the new pipeline will ensure steady exports of US shale gas to Mexico, reducing the latter’s need for spot LNG cargoes.
Nearly six weeks after Hurricane Maria made landfall, the Puerto Rico Electric Power Authority (PREPA) has not managed to fully eradicate blackouts. Partial service is now restored to 18% of customers in 35 out of 78 municipalities. Seeking to provide some relief, the U.S. Army Corps of Engineers (USACE) awarded contracts for the installations of temporary power generators in the San Juan metropolitan area – the first round of gensets are due to start operations today.
Structural change in the U.S. manufacturing sector helps drive a continuous fall in energy intensity: Fuel consumption was up by 4.7%, while real gross output increased by 9.6%, or more than twice that rate, resulting in a 4.4% drop in energy intensity, according to EIA’s Manufacturing Energy Consumption Survey (MECS).