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The U.S. is entering a “second wave” of new LNG plants, driven by surging global demand, and its impact is being felt within the oil & gas industry throughout the world. Developing these new LNG plants will be very different from the first wave of construction, as players compete for access to the growing global export market.
LNG production and regasification is moving offshore. In a booming market, the appearance of floating gas plants is transforming the supply of, and demand for, natural gas.
Much of the discussion at Gastech 2019 centered on the pivotal role natural gas will play in the energy transition. It can help rapidly cut carbon emissions by replacing fuels like coal in baseload power generation, while supporting the greater rollout of renewables by providing backup capacity to overcome intermittency challenges.
Small and mid-scale LNG operators are innovating to meet the needs of customers who want to buy their LNG on a flexible basis, rather than through long-term contracts. New business models are changing how projects are financed and built.
Hydrogen could help decarbonize hard-to-green sectors, while offering a storage solution for excess energy generated by renewables. Here are some ways it can help energy move to a low-carbon future.
There is a spike in LNG demand as countries pursue cleaner energy sources. And the market is increasingly characterized by shorter-term contracts. In this video, MHI America Senior Vice President Mike Sicker discusses the issues raised at Gastech 2019.
