Archive for the ‘natural gas’ Category

UK power margins tighten further for winter, but gas stocks high

A fire broke out Sunday at the UK’s 1,400 MW Didcot B gas-fired power station, in the latest of a series of unexpected problems that have considerably tightened the margin of spare supply available to the country’s electricity market this winter.

Damage to the cooling towers has resulted in the shutdown of 50% of the station’s output, removing some 700 MW from the grid.

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Leave it to $80 crude to shake up US petrochemicals

There’s something about $80/barrel crude that gets petrochemical markets in the US all riled up.

As the energy complex slowly emerges from its latest dip, let’s take a look at how some of these key markets fared over the past two weeks.

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New Frontiers: Cutting back natural gas flaring in North Dakota hits a bump

North Dakota has aggressively sought to cut the amount of natural gas flaring going on in the state. It’s made strides, but it has a new hurdle, as Brian Scheid discusses in this week’s Oilgram News column, New Frontiers.

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When it comes to defining LNG in cars, patience is a virtue

When pushing for greater use of natural gas vehicles, advocates know patience is a virtue. A lot of patience.

One recent tangle, a regular Gordian knot, has been the question of how LNG used as a transportation fuel should be measured and taxed. Should it be by weight, like kilograms, or volume, such as diesel and gasoline gallon equivalents (DGE or GGE).

This is no small picky detail that excites policy wonks. It matters a great deal to current and future LNG vehicle owners and state tax collectors.

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Do problems loom for much ballyhooed US natural gas midstream?

The midstream segment of the US natural gas business — pipelines, processing and storage — is where investment is targeted based on the assumption that a lot of new shale gas will be produced and consumed over the next couple of decades.

What some are wondering and worrying about, though, is whether the future price of natural gas will hold up and not wreck the credit of those making the infrastructure investments.

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Liberalization key to Brazil’s natural gas market growth

As one of the largest renewable energy producers in the world, Brazil’s relatively recent foray into natural gas markets could probably be euphemistically described as “unplanned.”

When it became clear by the 1980s that the country’s hydroelectric reservoir system would be insufficient to meet growing national demand for electricity, the Brazilian government began exploring its options to increase the supply of thermal feedstocks for power generation.

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Mexican LNG exports will not come soon

Recent reports say Japan wants to import LNG from Mexico after 2020. While Mexico could add liquefaction facilities at one or more of its three LNG import terminals, it would need to overcome some hurdles before it could export LNG.

Sempra’s Energia Costa Azul terminal on the Pacific Coast of northern Baja California rarely imports cargoes, but the hurdle for exports from Costa Azul would be access to gas. This import terminal would not have been built 15 miles north of Ensenada if there had been enough gas production nearby to meet demand.

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New Frontiers: The ever-shifting ground under oil pipelines

Pipelines that once went one direction are now being shifted to go in another direction. Not only that, they’re carrying different things. Janet McGurty discusses the shifts in this week’s Oilgram News column, New Frontiers.
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Peace agreement in gas-rich Mozambique sets the stage for elections

After two years of sporadic clashes, Mozambique’s Frelimo government and Renamo, the main opposition party signed a peace agreement in August, improving prospects for the October elections in the gas-rich southern African nation.

The presidential and parliamentary elections on October 15 will mark the end of president Armando Guebuza’s second and final term in office.

The election takes place as Mozambique becomes an attractive investment destination following huge gas discoveries by Italy’s Eni and US’ Anadarko. The discoveries, estimated at 100 trillion cubic feet have the potential to transform Mozambique into one of the world’s leading LNG exporters.

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Guest post: Brent crude oil now has the biggest chunk of the GSCI

Jodie Gunzberg is the global  head of commodities for S&P Dow Jones Indices, which like Platts is part of McGraw Hill Financial. She writes on commodity investing on the Indexology blog. Her post from October 2, announcing an historic shift in the oil makeup of the S&P GSCI, is reproduced here. 

The S&P GSCI 2015 Rebalance Preview marks a historic shift in the benchmark renowned for its world production weight.

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