UNDERGROUND GAS STORAGE IN THE WORLD - 2020 STATUS
The dramatic developments in gas markets in 2019-2020, with an acute oversupply situation due to the negative impact of the COVID-19 pandemic on demand and compounded by the massive increase of LNG supply from the US has stressed the fundamental importance of European Underground Gas Storage, assisted by Ukrainian UGS, to alleviate the imbalance of global gas markets. While until recently, UGS has mainly been developed in North America, Europe and the C.I.S., China is now on the fast lane for storage development. Russia, although the second global UGS capacity holder is still developing its storage infrastructure to serve both domestic and export markets.
This new report by CEDIGAZ provides an insightful review of storage activity in 4 key markets in 2020 and highlights the crucial role of UGS in balancing the global gas market as well as increasing security of gas supply in the context of rising geopolitical risks and trade tensions. The report also includes data on operating, under construction and planned facilities detailed by country.
Germany aims for leadership in green hydrogen technologies
China Hydrogen Energy and Fuel Cell Industry: On the cusp of a major breakout
ON THE CUSP OF A MAJOR BREAKOUT
Looking ahead, the Chinese hydrogen energy sector is on the cusp of a major breakout. In the context of the 14th Five-Year Plan (2021-2025), the central government is planning a new development path of the sector. The development of hydrogen energy is of great significance for China to achieve its energy transition, promote new industrial chains, and ensure the country’s energy independence. Draft policy documents consider the recognition of hydrogen as an energy source, the establishment of a national strategic plan and roadmap for the sector, and the set-up of rules, codes and standards for hydrogen energy.
JAPAN HYDROGEN ENERGY IN 2020: THE HYDROGEN SOCIETY IS GRADUALLY COMING TO THE FORE
The Hydrogen Society is gradually coming to the foreJapan has been a pioneer in hydrogen and fuel cell technologies and has the world’s most ambitious vision. Japan’s ambition is to lead the way towards decarbonisation in the world by providing hydrogen as a new energy option. In the context of the nation’s unique energy challenges, the government wants to turn Japan into a hydrogen society to solve the issues of energy security and global warming. Japan’s Basic Hydrogen Strategy (2050 Vision) is the world’s first national strategy developed. It describes the future visions for the year 2050 and also serves as an action plan through the year 2030, coordinating public and private hydrogen initiatives. The main thrust of the strategy is to achieve the cost parity of hydrogen with competing fuels (after allowing for environmental externalities) by increasing economies of scale and overcoming technological barriers. The target cost is to make H2 affordable at $3/kgH2 by 2030 and $2/kgH2 by 2050.
CLEAN HYDROGEN: BUILDING LARGE-SCALE SUPPLY CHAINS
The new WORLD hydrogen economy
Since 2017, governments from 18 countries have adopted national hydrogen strategies for deploying clean (low and zero carbon) hydrogen energy solutions. Leading companies around the world are proactively investing in clean hydrogen and related technologies. The transition to clean hydrogen would create a significant step-change in hydrogen production technology in terms of scale and costs, making clean hydrogen solutions more attractive not only for industry, but also in all other sectors. Clean hydrogen is an emerging market. It is a key lever for achieving deep decarbonisation, specifically in hard-to-abate sectors like transport. It can tackle various critical energy challenges, including facilitating the large-scale integration of intermittent renewables, enabling grid balancing and seasonal storage. It can also help to improve air quality and strengthen energy security. Its potential is immense and future developments depend on energy and environmental policies, cost reductions and competition with other low-carbon options.
Oil and Gas Majors in India: Co-creating the Gas and LNG Market
The entry of big players into the downstream gas market, in partnerships with strong Indian partners, offers a key leverage to the Indian vision to realise a gas market-based economy. They can deliver competitive and affordable LNG supplies and accelerate gas infrastructure build out, thus solving two key bottlenecks on the Indian gas market. Energy majors will facilitate and accelerate gas market growth and enlarge the gas market with innovative solutions adapted to Indian conditions. A larger gas sector augurs well with Indian economy as well as for the environment and is a win-win situation for all stakeholders.While the COVID-19 crisis has introduced an additional uncertainty to natural gas demand growth, the Indian gas market fundamentals are robust and long-term growth propects remain strong.
THE GLOBAL GAS MARKET 2020 EDITION
The demand for natural gas continued to display sustained growth in 2019 (+2.3%), to the detriment of coal. This growth is lower compared to the two previous years but in line with the historic 10-year average.
The main factor was the competitiveness of gas in a context of oversupply which encouraged switching from coal in the power and industry sectors, chiefl y in the United States and the EU.
As a result, the share of gas in the energy mix continued to rise. Today, this share is estimated to be 23%, compared to 21% in 2010. Recent developments suggest that the power market has embraced the energy transition through a growing role of natural gas and renewables.
The US remained the largest contributor to both supply and demand growth thanks to the abundance of low-cost shale and associated gas resources. US gas production continued to increase in 2019 at a much faster rate than consumption, thereby creating a large surplus destined for exports.
China was the second largest demand growth area again, even if the expansion of gas demand slowed to 8.6% in a context of weaker economic growth and the relaxation of Chinese policy on coal-to-gas switching.
International trade (net fl ows) expanded strongly by almost 4% only due to the growing abundance of highly competitive LNG supply which displaced pipeline gas, especially in Europe. LNG demand growth slowed in Asia, while Europe absorbed much of the surplus LNG, acting as a balancing market.
As global natural gas supply growth largely outpaced demand growth, a significant amount of natural gas was injected into storages. In a context of LNG overhang, spot prices on the Asian and European markets plunged by more than 40% compared to 2018. New pricing and trading patterns reshape the global gas market which increasingly relies on spot-priced and fl exible gas supply.
IRAN NATURAL GAS
Iran has one of the largest proven natural gas reserves in the world, hosts about 17% of the world’s proven natural gas reserves. Iran is also the world’s third–largest dry natural gas producer after the United States and Russia.
This report Dr Sara Vakhshouri founder and president of SVB Energy International and renown specialist of the Iranian energy sector provide an update of Iranian Gas Chain under US sanctionsContents:
- Historical background
- Gas reserves & Exploration
- Development & Production
- Gas Refining & Production at Refineries
- Natural Gas Consumption, Import & Export
- Underground Gas Storage
- Gas Condensate Production
- Implication of US sanctions
Underground Gas Storage in the World - 2019 Status
- At the end 2018, there were 662 underground gas storage (UGS) facilities in operation in the world. The global working gas capacity reached 421 bcm
- North America concentrates more than two thirds of the sites and accounts for almost 40% of global working gas capacity and half of global deliverability, the top five countries (United States, Russia, Ukraine, Canada and Germany) account for 70% of the worldwide capacities
- Storage in depleted fields dominate with 79% of global working gas volumes, but storage in salt caverns now accounts for 26% of global deliverability
- In 2018, the growth in gas storage capacity contrasted with the trends observed since 2015
- At worldwide level, there are 102 identified projects at different stages of planning
- UGS development activity is dominated by China, which alone accounts for almost half of the 37 bcm of working gas capacity under construction
A NEW ERA FOR CCUS DRIVEN BY CONTRASTED POLICIES AND BUSINESS MODELS: US AND EUROPEAN APPROACHES
Following a period of low activity and weakening interest in recent years, CCUS is back into the limelight, especially in the US and in Europe, in the wake of the Paris agreement, boosted by a growing interest in hydrogen, rising carbon prices, new supporting policies and new business models.
This report provides an update on CCUS globally with a focus on Europe and the US, the two leading areas for this technology.Contents:
- Introduction: CCUS is back on policy makers’ agenda
- Growing policy attention and support for CCUS
- Global status of CCUS
- Barriers, challenges and required policies
- United States: Growing carbon capture & CO2-EOR industry
- Renewed interest and policy support in Europe
THE GLOBAL GAS MARKET 2019 EDITION
2018 has been a remarkable year for the global natural gas market. Global natural gas demand surged 4.7% to 3,850 bcm, driven by the US and China. The US was the standout performer, accounting for 45% of the global increase in both the consumption and supply of natural gas.
2018 marks the second year of strong growth of natural gas demand, after a 3.5 % rise in 2017. It also recorded the highest growth of gas demand since the post-crisis rebound of 2010.
This fast expansion was driven by the abundance of competitive gas supply, especially in the US and in Russia and by supportive energy and environmental policies, in some countries, particularly in China. Investment in transport infrastructure also contributed to bolster gas penetration in key markets.
China became the largest net importer of natural gas in the world before Japan. Chinese net imports jumped by 32% and accounted for more than 80% of the global increase in net imports, once again highlighting the crucial role of China in absorbing global gas production.
Like in 2017, the expansion of natural gas demand was part of a substantial global growth in world energy demand, driven by a robust global economy and extreme weather conditions.
Strong gas demand growth in Asia contributed to a rise in market prices in key areas and prevented the formation of a global LNG bubble.
Global biomethane market: Green Gas Goes Global
This report provides a detailed analysis of the booming biomethane market as governments around the world increasingly recognize the many benefits of renewable natural gas.
Since 2010, world biomethane production has increased exponentially, reaching three billion cubic meters in 2017 and there will soon be more than 1,000 biomethane production plants operating in thirty-four countries, up from 720 at year-end 2017.
For many years a European phenomenon, Green Gas is Going Global.
The report contains three parts:
- An overview of global biomethane production and markets, biogas upgrading plants, key drivers and future trends (region by region)
- Country reviews for forty countries in Europe, North America, Asia, Central & South America and Africa
- In-depth case studies on key developed and emerging biomethane markets, e.g. U.S., Canada, Brazil, Germany, France, China and India.
It complements the CEDIGAZ Global Biomethane Database
THE IMPACT OF NEW MARINE EMISSIONS REGULATIONS ON THE LNG MARKET
- What are the IMO emissions standards coming into force in 2020 and where do they apply?
- What are the possible options for ship owners?
- What are the opportunities for the LNG market?
- Current state of play – how is the industry planning for the 2020 regulations?
BLUE SKIES AND NATURAL GAS IN CHINA
Underground Gas Storage in the World - 2018 Status
The Future of Natural Gas in China and India - Critical Drivers and Challenges
Catching Cold or Catching Fire? Current state and growth prospects for small-scale LNG
Algeria's potential and challenges, striking the right balance
Medium and Long Term Natural Gas Outlook 2018
South Korea's phase-out of nuclear and coal: what does it mean for the LNG market?
How will LNG support Kuwait's energy transition?
Ten major trends in the European gas market
India's vision to a gas-based economy, drivers and challenges
The rise in coal prices: Beijing policy drives EU coal-to-gas switching
Overview of Underground Gas Storage in the World 2017–Status
Does LNG have a long-term future in the United Arab Emirates?
Post COP21 - What does the future hold for gas in Southeast Asia?
Post-Sanction Iranian Natural Gas Production and Export Potential: Challenges and Opportunities
Is China's Golden Agen Of Gas Over Before It Began?
Underground Gas Storage & LNG Storage Market in the Word 2015-2035
A lot of hot air? To what extent could gas lose ground in the heating market in Europe
Subsidy – blessing or curse? An Assessment of Impact of Gas Price Subsidies on Gas Markets and Consumers
U.S. Natural Gas Update and Outlook
Russian Gas Market: Entering New Era
Waiting for the Next Train? An Assessment of the Emerging Canadian LNG Industry
Japan's New Energy Policy - In search for stable and competitive energy supply
LNG IN TRANSPORTATION
Gas and Coal Competition in the EU Power Sector
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