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?