Natural Gas & LNG
I went to a Natural Gas & LNG course earlier this week at the happening hotel (quoted from their radio ad) JW Mariott, organised by IBC Asia, and conducted by Dr SC Sharma, an experienced guy in this area. Basically it was on the fundamentals, latest developments and future prospects of the industry. There were 8 topics discussed within the 2 day course.
Allow me to share with you what I have learned.... (excuse the dry topic, but I thought hey what the heck, lets write something beneficial & informative for a change) - Part 1 (lets hope I have the will to write all 8 parts!)
1. World gas business and growing share of Natural Gas
A. Growth of natural gas in energy share
- Natural gas is the highest growing fuel (21st Century fuel), which has large reserves.
- Share of gas in the energy industry to increase from current 22% to 26%
- Low carbon intensity thus more cleaner energy
B. Developing new gas resources
- Natural gas Reserves-to-production ratios for areas like North America is low, but for
Middle East , it is high. Averaged out to 67 years lifetime.
- Major gas reserves are away from mature gas markets, close to developing markets.
- Russia & Iran which holds 45% of gas reserves have not embarked in LNG yet.
C. Suppliers of natural gas
- Total natural gas traded is 623.71 BCM (464.87 BCM pipeline + 168.84 BCM LNG)
- Pipeline gas
US, Canada, Argentina, Argentina, Bolivia, Belgium, Denmark, Germany, Holland, Norway, UK, Russia,
Algeria, Indonesia, Mynmar
- LNG
Australia, Brunei, Indonesia, Malaysia, UAE, Qatar, Oman, USA, Algeria, Libya, Trinidad, Nigeria
D. Buyers of natural gas
- Total natural gas traded is 623.71 BCM (464.87 BCM pipeline + 168.84 BCM LNG)
- Pipeline gas
Canada, Mexico, USA, Brazil, Chile, Italy, France, Germany, Sweeden, Holland, Belgium, UK, Ireland, Luxemburg, Poland, Austria, Spain, Singapore, Thailand.
- LNG
Japan, South Korea, Taiwan, Spain, India, USA, Belgium, France, Turkey, Italy, France.
E. Whether pipeline or LNG?
Depends on :
- The cost of purchasing pipeline rights of way
- Distance - It is cheaper via gas pipeline offshore for 1800 km and below. It is cheaper via
gas pipeline onshore for 3500 km and below.
- The maximum flow required to meet peak demand
- The depth of the water and nature of the seabed
- Economic benefits to the importing/exporting country
- Security and political concerns
F. New emerging LNG markets
- India power and fertilizer sector main driver for growth
LNG : Started LNG import in Dahej
Pipeline : Iran-India pipeline
- China - fastest growing gas consumer - large growth in liquid fuels demand
LNG : Building Guangdong & Fusian LNG terminal
Pipeline: East-West pipeline for China
- Gas demand increasing in Europe, Asia Pcific, USA and Latin America due to environment and cost efficiency
reason
Thursday, December 09, 2004
Long time no see
It has indeed been a while... Just to illustrate how long it has been, I actually had to go to Google to find the url address! Imagine that! While I was at that, one of the search results directed me to his blog. Someone actually sourced something from my blog in his blog. Fancy that!
6 months fast forward from the last time I wrote.. quite a number of things have happened.
Work-wise, I have settled down with my new job. Been to Penang to organise a conference and been to UTP to accompany Dr Bernard Lee who gave a talk there. Planned and organised lots of other things.. Ups and DOWNS here and there. Lets just say that I went on sick leave for 2 days (really sick!) and that I’ve lost a few kilos (more than 5kg, less than 10kg) since I joined this department in June 2004. Apparently, stress works well with weight loss for me, which is a good thing lah. At last, I can actually say that I have made a come back to my pre pregnancy weight!..... 1 year plus after delivery. Thank you, thank you, thank you. :-)
As for my personal life.... All is well and bright! Baby is growing each day... Not a baby anymore lah actually.. technically a toddler now. Here there everywhere! My great-grandmother is officially part of our household, which brings the total of 14 people in our house! It is indeed a big, big household!! My father is officially retired, but is still working with the University on contractual basis. My elder sister is now officially a teacher, who will start her new career when the school reopens. Oh and we went here last October (Khairul & I) - in a way, our second honeymoon.
Thank you for those who actually checked my blog to see if there were any updates. I guess I’m not a true blue blogger (lucky I don't have to pay for the blog hosting!). But I may from time tooooooo time update somehting here. Heeee.. Tilllllll theeeeeen....... taaaaaaa.....
It has indeed been a while... Just to illustrate how long it has been, I actually had to go to Google to find the url address! Imagine that! While I was at that, one of the search results directed me to his blog. Someone actually sourced something from my blog in his blog. Fancy that!
6 months fast forward from the last time I wrote.. quite a number of things have happened.
Work-wise, I have settled down with my new job. Been to Penang to organise a conference and been to UTP to accompany Dr Bernard Lee who gave a talk there. Planned and organised lots of other things.. Ups and DOWNS here and there. Lets just say that I went on sick leave for 2 days (really sick!) and that I’ve lost a few kilos (more than 5kg, less than 10kg) since I joined this department in June 2004. Apparently, stress works well with weight loss for me, which is a good thing lah. At last, I can actually say that I have made a come back to my pre pregnancy weight!..... 1 year plus after delivery. Thank you, thank you, thank you. :-)
As for my personal life.... All is well and bright! Baby is growing each day... Not a baby anymore lah actually.. technically a toddler now. Here there everywhere! My great-grandmother is officially part of our household, which brings the total of 14 people in our house! It is indeed a big, big household!! My father is officially retired, but is still working with the University on contractual basis. My elder sister is now officially a teacher, who will start her new career when the school reopens. Oh and we went here last October (Khairul & I) - in a way, our second honeymoon.
Thank you for those who actually checked my blog to see if there were any updates. I guess I’m not a true blue blogger (lucky I don't have to pay for the blog hosting!). But I may from time tooooooo time update somehting here. Heeee.. Tilllllll theeeeeen....... taaaaaaa.....