Gas Export NEWS

Africa must act quickly to profit from its vast reserves of natural gas that the world will only want until it can shift towards lower carbon technology, the International Energy Agency said on Monday. In its Africa Energy outlook for 2022 published on Monday, the IEA Africa could be in a position by the end of the decade to export some 30 billion cubic metres (bcm) to Europe, which is currently hungry for gas because it is trying to reduce its reliance on Russia.

A 5MW/7.45MWh battery storage project near Milton Keynes – Thrive Renewables’ first – has this month entered into construction. Initial ground works and site preparation have begun, and will be followed by the earthing installation. The project is expected to be fully operational in August of this year, with Wicken to provide flexibility and balancing services, charging the batteries when clean energy is abundant and exporting it back to the grid during peak usage times.

Saudi Arabia, the world's largest oil producer is now eyeing to become a leader in hydrogen export. In order to secure its role as an energy supplier even to countries who are cutting down their carbon generating fuels, the former is going to produce more blue hydrogen and also plans to generate green hydrogen (hydrogen from solar power) both of which are pivotal for curbing climate change.

Russian gas producer Gazprom has reported a fall in non-CIS gas exports in the period of Jan-Aug this year. There has been a decline of 4.5% in natural gas exports outside the former Soviet Union. Although the output of the company has increased by 1.7% reaching 331 bcm in the same period. Gazprom also revealed that the company's gas exports to Europe and its prices will fall in 2019.

After 13 LNG carriers stopped at the Montoir LNG import and trans-shipment terminal, it has set new LNG transshipment records in August. The terminal is located in the French Atlantic port of St Nazaire. Also, the first three transhipments were finished in one week which began on 15 August. This year, Montoir has completed 10 LNG transhipments, which is the best in numbers than any other European terminals.

Chairman of the Management Committee of PJSC Gazprom recently met with acting Governor of Yamalo-Nenets autonomous area to discuss the key priorities of cooperation. The parties affirmed their commitment towards the continuation of constructive and mutually beneficial cooperation between the company and the regional government. 90% of Gazprom gas is produced from the fields of Yamalo-Nenets, and the area has seen RUB 884.7 billion investment in the last 5 years.

As Chancellor Merkel meets President Vladimir Putin in Russia, Germany has decided to defend the planned Nord Stream 2 pipeline amidst warnings from the US to impose sanctions to prevent Russia’s gas export. Germany repeatedly specified that it has no intention to go against Nord Stream 2 provided Ukraine isn’t deprived of a role of a major gas transit country. With that being said, Germany has totally brushed aside U.S. concerns.

Three liquefied natural gas tankers crossed the Panama Canal and marked a first for the newly expanded waterway. The crossings highlight a buoyant international gas trade owing to new export facilities from the U.S. to Australia and increasing demand for the fuel in Asia. It would increase people’s confidence in U.S.’s ability to place LNG in China.