LNG Cluster’s Post

Registration is open for the second annual Wood Mackenzie Gas, LNG & The Future of Energy Conference in the City of London from 22-23 October 2024. Benefit from a global perspective on agenda themes including: • The State of the Gas / LNG Industry: Understand the key market trends and uncertainties that currently exist and what the future holds in Europe, the US, Asia and the Middle East • A System in Flux: Get the latest on the challenges the industry is facing, from geopolitics to financial barriers and cost inflation • The Race to Net Zero: The future of gas and LNG in the energy transition and the realities of reaching net-zero with gas as a ‘transition fuel’. Gain insight on how emerging economies vs advanced economies are using gas and LNG to meet their net-zero pledges • Realities of Decarbonisation: Exploring how the industry is decarbonising the supply chain with technology and innovations Find out more at the link below. #ads #lng

BP and PetroChina have successfully secured regasification capacity at the Gate LNG Terminal. This strategic move will enhance their capabilities to meet the increasing demand for natural gas. Both companies have demonstrated their commitment to sustainable energy solutions, contributing to global efforts in reducing carbon emissions. For more information, please visit the link provided. What are your thoughts on this development in the energy sector? #EnergyIndustry #SustainableSolutions

What If Oil Demand Is Up But Recovery Methods Are At An All-Time Low? This summer, the CEO of a major oil company declared at an energy conference in Asia, “Oil and gas are needed for decades to come. Energy transition is going to take a lot longer, it’s going to cost a lot more money and need new technologies that don’t even exist today.” We don’t disagree. But consider this: Even if oil is riding high as the largest source of energy for two more decades, the fact remains that a very large percentage of oil continues to be left in oil wells, where it clings to rock. If that trend continues, oil will be simultaneously in demand with recovery methods that are very inefficient. Not exactly leading the way in the energy space. We can change that at Engineered Salinity and in fact, we are – one oilfield at a time. Our engineering is consistently identifying the premium sweet spot of “wettability” so that oil clings to rock much less often and over the long haul, profit sticks longer. Let’s talk about how you can get so much more out of the wells you operate before you ever drill another field. Call 307.760.9421 to schedule your no-risk preliminary test from ESal on one of your wells. Today. Source: https://lnkd.in/guJrRqbw

Pleasing to see progress continuing to be made towards bringing this project to development and production. Greater Sunrise is considered to be one of the largest discovered but undeveloped gas resources in Asia Pacific. ------------------------------------------------------ 💡 We are the voice of the gas industry in Asia 📖 Follow us for insights, data and policy on the pathway to a reliable, low-carbon energy future #lng #naturalgas #energysecurity #energytransition

I am pleased to share the recent development between Commonwealth LNG and MET Group. They have entered into a long-term agreement for LNG supply, spanning over 20 years. This strategic alliance is set to strengthen both organizations' foothold in the global LNG market. Under this agreement, Commonwealth LNG will supply MET Group with 1 million tonnes per annum (MTPA) of liquefied natural gas from its proposed export terminal in Cameron Parish, Louisiana. This partnership reflects both parties' commitment to sustainable energy solutions and their drive towards a greener future. This is a significant milestone for both companies and it underscores the importance of collaboration in achieving shared objectives. We look forward to witnessing the positive impact of this alliance on the global energy landscape. You can read more about this partnership via the link below: [insert link] What are your thoughts on this strategic alliance? How do you think it will shape the future of LNG industry? #LNGIndustry #StrategicPartnership

U.S.-based Commonwealth LNG and Switzerland-based MET Group have entered into a Heads of Agreement (HoA) for the sale and purchase of one million tons per annum (mtpa) of liquefied natural gas (LNG) for 20 years from the Commonwealth LNG facility currently under development in Cameron, Louisiana, U.S. The terms anticipated under the non-binding HoA will commence at the start of the commercial operation of the facility in 2027, the companies informed, noting that final terms remain subject to negotiation of a definitive Sale and Purchase Agreement (SPA) between the parties. Currently, Commonwealth LNG is working on the remaining steps necessary to achieve its goal of making a final investment decision (FID) on the project in the first quarter of 2024, with the first cargo deliveries expected in 2027. #lng #commonwealth #METgroup #switzerland #energy

In its new eBook, LNG: Fueling the Future, #BlackandVeatch examines the role #LNG will play in the future of the global #energy landscape. #energytransition

Understanding the Main Components and Benefits of the LNG Business I often get asked about the core components and the strategic advantages of the LNG business. Here's a brief overview: 🌍 Main Components of the LNG Business: 1. Exploration and Production: The journey begins with the exploration and extraction of natural gas from underground reserves. 2. Liquefaction: Natural gas is cooled to -162°C, transforming it into a liquid state (LNG) to reduce its volume for transportation. This process is carried out at specialized liquefaction plants. 3. Transportation: LNG is transported in cryogenic tankers, designed to keep the gas in its liquid form at extremely low temperatures. 4. Regasification: Upon reaching the destination, LNG is converted back to its gaseous state at regasification terminals, ready for distribution. 5. Distribution and Utilization: Finally, the regasified natural gas is distributed through pipelines for various end uses, including residential, industrial, and power generation. ⚡ Key Benefits of the LNG Business: - Environmental Advantage: LNG is a cleaner alternative to coal and oil, producing fewer emissions of sulfur, particulates, and CO2. This makes it a vital player in the global effort to reduce greenhouse gas emissions. - Energy Security: LNG offers a reliable supply of natural gas, enhancing energy security by diversifying energy sources and reducing dependence on pipeline gas. - Economic Growth: The LNG industry generates significant economic benefits, including job creation, infrastructure development, and energy cost savings. - Flexibility in Supply: LNG can be transported globally, providing flexibility to meet demand in various regions, especially in markets without pipeline infrastructure. - Scalability: The LNG industry can scale up to meet growing energy demands, supporting the transition to a more sustainable energy mix. The LNG business not only supports global energy needs but also plays a crucial role in advancing sustainable development. As we move towards a greener future, LNG will continue to be a cornerstone in the energy transition. #LNG #EnergyTransition #CleanEnergy #NaturalGas #Sustainability #EnergySecurity #EconomicGrowth #EnergyIndustry #LNGBusiness

Let's have a quick look at this issue on LNG gas. The world truly is grossly underutilizing LNG gas as a very Quality source of Clean Energy. What are the real issues and why is it so? LNG (liquefied natural gas) is indeed an important and valuable source of clean Energy. In terms of cleanliness (has the lowest carbon emissions), it is closest to Renewable Energy, but strangely, it faces some challenges that have hindered its more widespread adoption and usage such as: 1. Infrastructure Costs: Building LNG terminals, storage facilities, and transport ships require significant investment. The initial capital investment is very significant. 2. Safety Concerns: There are significant safety risks associated with LNG transportation and storage. 3. Market Prices: Fluctuating global gas prices can impact the competitiveness of LNG. 4. Regulatory Hurdles: Regulations governing LNG can vary greatly from region to region. Due to the risk involved the environmental regulations have a significant impact on the investment capital. 5. Environmental Impact: Although cleaner than coal or oil, LNG still produces low carbon emissions. However, to effectively promote the use of LNG globally, here are five strategies that can be considered: 1. Invest in Infrastructure: Governments and companies can collaborate to build the necessary infrastructure to support LNG production, transportation, and distribution. 2. Enhanced Safety Measures: Implementing state-of-the-art safety protocols can help mitigate risks associated with LNG operations. Scientists should be encouraged and funded for more research to address the safety handling issues 3. Long-Term Contracts: Establishing stable pricing through long-term contracts can provide certainty for investors and promote wider adoption. 4. Streamlined Regulations: Harmonizing regulations across regions can reduce barriers to entry and enable smoother LNG trade. 5. Promote Sustainability: Highlighting the benefits of LNG as a transition fuel towards a greener future and investing in technologies to reduce its environmental footprint can enhance its appeal. By addressing these issues and implementing these strategies, the global utilization of LNG as a clean energy source can be significantly improved. #all #jcbienndlimited #LNG #NGL #GAS #gryogenicgasplants #gasprocessingplants #esterran #oilandgas #gasengineers #gasmarketers #drilers #drillingmanagers #projectmanagement #gasplantmanagers #ceo #hr #africanbusinesses #usa #russia #asia #eu #middleeast #chemicalengineers