The Asia Pacific underground coal gasification market is predicted to expand rapidly over the next decade due to growing coal reserves with newly found reserves, according to Future Market Insights Inc.
Industry
‘Beetaloo green light ushers in economic prosperity and east coast energy security’
Australia’s oil and gas industry says the green light for developing the Northern Territory’s Beetaloo Basin will support thousands of new jobs, deliver millions of dollars investment in regional communities and boost the nation’s east coast energy security.
‘New Gas Supply Investment Acknowledgement Fails to Adequately Address Investor Uncertainty’
APPEA says the release of the proposed mandatory code of conduct recognises the critical need for investment in new gas supply to avoid future shortfalls in the east coast domestic market and to put downward pressure on gas prices for consumers.
Renewable Gas Target Could Supercharge Hydrogen
Australia’s potential to be a global hydrogen leader, recognised in the 2022 State of Hydrogen report, could be supercharged with the introduction of a national renewable gas target, Energy Networks Australia Acting CEO Garth Crawford said.
Increasing Exploration and Production Activities Lifts Demand for Oilwell Completion Tools Market
The Growing Importance of Artificial Lift Systems: Artificial Lift Systems (ALS) are becoming increasingly important in the oil and gas industry, as they help in increasing the production rate of oil and gas wells.
Another $100B of Tax Investment Forecast from LNG Projects After $400B Investment
State and federal governments will benefit from $100 billion in taxation receipts from gas export projects over the next two decades, helping fund public services and infrastructure including roads, schools and hospitals.
Gas Hydrates Market to Surpass US$4,350 Million by the End of 2033
The global gas hydrates market is expected to register substantial growth at a CAGR of 5.4% from 2023 to 2033. The global market is anticipated to be valued at US$ 2,571.2 million in 2023. It would further reach a valuation of US$ 4,350.5 million by the end of 2033. The global gas hydrates market was valued at US$ 2,455.1 million in 2022. The growth of the market is primarily driven by significant growth in end-use applications.
GECF Report Says Saving Energy Security was a Bigger Concern than Kicking Climate Change Goals in 2022
THE Gas Exporting Countries Forum has launched the fourth edition of its Annual Gas Market Report and says energy security took precedence over climate change mitigation goals in 2022.
Germany Unveils Plan to Diversify LNG Imports and Secure Independence from Russian Gas
The German gas transmission system operators (TSOs) has presented a draft Gas Network Development Plan 2022-2032, which reflects the fundamental shift in Germany’s energy supply. The proposal is designed to facilitate the changes needed for the network to accommodate the new LNG supplies into Germany and Europe and allow greater use of western import routes while also reflecting reduced gas demand as well as efforts to switch to hydrogen with a view to making Germany fully independent of Russian gas.
Eight new LNG carriers Will Feature Wärtsilä Reliquefaction Systems
Technology group Wärtsilä says it continues to strengthen its established position as a major supplier to the LNG carrier vessel sector. Following an earlier newbuild programme in June 2022 for four new vessels, the company has now been awarded the contract to supply reliquefaction systems for a further eight ships.
These eight vessels will be owned by various leading global shipping companies. The orders by Hudong Zhonghua Shipyard were booked into Wärtsilä’s order intake in Q1 2023.
Wartsilia said the selection of Wärtsilä solutions reflects the industry’s focus on efficiency and reduced environmental impact as a means for decarbonising marine operations.